100K goal before Christmas | Forex Factory

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100K goal before Christmas

  • #1
  • First Post: Sep 26, 2017 6:30am Sep 26, 2017 6:30am
Hello everyone,
After making my way over to ff.com after taking a big time loss about 3 weeks ago, I decided to do what everyone else is doing within this section of the site. I am really new to "social trading" however my intention is to shed some light of how high "larger accounts" should approach money management. Hopefully my trades will be good enough for me to reach my first goal.

https://www.myfxbook.com/members/PuttPutt4x/puttputt4x/2265566
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  • #2
  • Sep 26, 2017 6:35am Sep 26, 2017 6:35am
Quoting PuttPutt4x
Hello everyone, After making my way over to ff.com after taking a big time loss about 3 weeks ago, I decided to do what everyone else is doing within this section of the site. I am really new to "social trading" however my intention is to shed some light of how high "larger accounts" should approach money management. Hopefully my trades will be good enough for me to reach my first goal. https://www.myfxbook.com/members/PuttPutt4x/puttputt4x/2265566 {image}
i checked this FBS broker. with 1:1000-3000 leverage, you should have a 'go all out batshit crazy" account. put like 1-5k in there and just be aggressive. i bet you if you can trade decently, you'll get to 100k in no time.
  • #3
  • Sep 26, 2017 6:41am Sep 26, 2017 6:41am
Quoting hilmy83
{quote} i checked this FBS broker. with 1:1000-3000 leverage, you should have a 'go all out batshit crazy" account. put like 1-5k in there and just be aggressive. i bet you if you can trade decently, you'll get to 100k in no time.
I am restricted to 100:1 due to the size of the account. However, my intent is to make a certain amount of % per day. I think focusing on the dollar value of the account is way to distracting.
  • #4
  • Sep 26, 2017 11:50am Sep 26, 2017 11:50am
Quoting PuttPutt4x
Hello everyone, After making my way over to ff.com after taking a big time loss about 3 weeks ago, I decided to do what everyone else is doing within this section of the site. I am really new to "social trading" however my intention is to shed some light of how high "larger accounts" should approach money management. Hopefully my trades will be good enough for me to reach my first goal. https://www.myfxbook.com/members/PuttPutt4x/puttputt4x/2265566 {image}
Can you tell what are the MA settings.
Thank you and good luck on your goal.
POW!
  • #5
  • Sep 26, 2017 3:59pm Sep 26, 2017 3:59pm
Quoting fxprimate
{quote} Can you tell what are the MA settings. Thank you and good luck on your goal.
MA 20
MA 8

Simple

Day 1

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  • #6
  • Sep 26, 2017 5:21pm Sep 26, 2017 5:21pm
First call

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I am long.
TP is the green line.
SL is the red line in which the price only has to close there for at least 3 mins
-----------------
If sl is hit before TP, i will simply short for a larger lot size, as the sell would be the money maker on this 76.4 formation on the 15 min!
  • #7
  • Sep 26, 2017 5:42pm Sep 26, 2017 5:42pm
Maybe you got an alternative Xmas day, cos with this speed of profiting 100k will be achieved very very soon!!
there is always, always another trade!!
  • #8
  • Sep 26, 2017 5:44pm Sep 26, 2017 5:44pm
Quoting PuttPutt4x
First call {image} I am long. TP is the green line. SL is the red line in which the price only has to close there for at least 3 mins ----------------- If sl is hit before TP, i will simply short for a larger lot size, as the sell would be the money maker on this 76.4 formation on the 15 min!

TP for call number one was hit before sl.
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  • #9
  • Sep 26, 2017 6:42pm Sep 26, 2017 6:42pm
Quoting hilmy83
{quote} i checked this FBS broker. with 1:1000-3000 leverage, you should have a 'go all out batshit crazy" account. put like 1-5k in there and just be aggressive. i bet you if you can trade decently, you'll get to 100k in no time.

trade it like a smaller account for 3 weeks.......then go big.......you got time to make the goal........respect your leverage
Focus
  • #10
  • Sep 26, 2017 8:05pm Sep 26, 2017 8:05pm
Quoting mrstblefx
{quote} trade it like a smaller account for 3 weeks.......then go big.......you got time to make the goal........respect your leverage
Respecting the leverage is very hard. Especially when one lacks self-control. I'll simply wait for the formations which call for the big orders, and I'll only risk about 7% on those orders. No need to over do it.
  • #11
  • Sep 28, 2017 4:20am Sep 28, 2017 4:20am
Slow day today. I couldn't find one formation worth risking anything more than 1% of my account on today.

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  • #12
  • Sep 28, 2017 2:33pm Sep 28, 2017 2:33pm
Quoting PuttPutt4x
{quote} TP for call number one was hit before sl. {image}
Can you share how you use the Fibo in your trading?

Assuming you use it for entry that is.

I see custom wording on there so I guess maybe custom levels also?

I don't know how you enter those large lot sizes, seems even the smallest trade I put on, price has an immediate reaction the other way lately

It takes a lot for me to IGNORE you, but you can try.
  • #13
  • Oct 11, 2017 7:26am Oct 11, 2017 7:26am
Quoting Erebus
{quote} Can you share how you use the Fibo in your trading? Assuming you use it for entry that is. I see custom wording on there so I guess maybe custom levels also? I don't know how you enter those large lot sizes, seems even the smallest trade I put on, price has an immediate reaction the other way lately
Hey bud? How is it going. I have attached a TE with another broker as I continue to try to reach the original goal. Allow me to close this position and I will gladly answer your question. Especially the last comment which you made which i highlighted in bold.
  • #14
  • Oct 11, 2017 9:17am Oct 11, 2017 9:17am
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On what has turned out to be a quick burst to the upside, we were able to enter during a very flat period after a breakout. 15m shows one thing and the lower shows something totally different. So would you rather follow the action live or with a 15 min delay?

This equity curve will turn to the high very quickly. Give it until the end of the week and that 100k goal will be reached!
  • #15
  • Oct 12, 2017 3:35pm Oct 12, 2017 3:35pm
Hello everyone,

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Here you can see the buy order slowly started to fade. Most people would have allowed their position to go further in red and allow it to come back to them. However, I decided to respect the sl of the buy then reverse to a sell and this occurred.

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@Erebus are you ready to talk forex?
  • #16
  • Oct 12, 2017 4:20pm Oct 12, 2017 4:20pm
Quoting PuttPutt4x
Hello everyone, {image} Here you can see the buy order slowly started to fade. Most people would have allowed their position to go further in red and allow it to come back to them. However, I decided to respect the sl of the buy then reverse to a sell and this occurred. {image} @Erebus are you ready to talk forex?
Sure, what have you got? Here is a trade from yesterday to prove the statement I made earlier....



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It takes a lot for me to IGNORE you, but you can try.
  • #17
  • Oct 12, 2017 5:09pm Oct 12, 2017 5:09pm
Quoting Erebus
{quote} Sure, what have you got? Here is a trade from yesterday to prove the statement I made earlier.... {image}
Ok let me open the 15m and 1m and I will post some charts showing you what I typically do. That formation on the 15m is a big time winner. Infact, your entry was picture perfect, but once you match up the 15m with the lower tf, you would almost always be able to have the 1 order be a winner or the reversal. Allow me sometime because I am hawking a setup for GJ
  • #18
  • Oct 12, 2017 5:56pm Oct 12, 2017 5:56pm
By looking at your 15m chart I can tell you entered within this range. Clearly when the CLOSE across the last low of the accumulation to the upside, you got bias with a 76.4 fib rejection of the spike upward. The lower the TF the more formations you see and you have to react quickly. Look how much money you would have saved by closing once the price closed at the last low. You would have made by wagering against your own order with another account or a binary account.
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Quoting Erebus
{quote} Sure, what have you got? Here is a trade from yesterday to prove the statement I made earlier.... {image}
Did you margin call? I would assume you did as I margin call on the same type of candles as you did.
  • #19
  • Oct 12, 2017 6:06pm Oct 12, 2017 6:06pm
ok
  • #20
  • Oct 12, 2017 8:15pm Oct 12, 2017 8:15pm
Quoting PuttPutt4x
By looking at your 15m chart I can tell you entered within this range. Clearly when the CLOSE across the last low of the accumulation to the upside, you got bias with a 76.4 fib rejection of the spike upward. The lower the TF the more formations you see and you have to react quickly. Look how much money you would have saved by closing once the price closed at the last low. You would have made by wagering against your own order with another account or a binary account. {image} {quote} Did you margin call? I would assume you did as I margin call on...
I should have explained earlier, the trade wasn't made on 15 Min - that was for ease of displaying the entry and result

And it's not so much about the trade but the timing

Trade was a 4 Hour breakout with a stop loss equal to the ADR, and I still lost

That really sucks because the analysis was right, price is above and going up today

But I guess with your trading small time frames, trend not so much a consideration?

Thanks
It takes a lot for me to IGNORE you, but you can try.
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