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$409k Challenge Part 2 137 replies

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$409k Challenge

  • #81
  • Jan 22, 2020 11:00am Jan 22, 2020 11:00am
Quoting NoNonSenseFX
Let's join the journey.
Awesome, welcome!
Truth is like poetry. And most people f*cking hate poetry.
  • #82
  • Jan 22, 2020 2:48pm Jan 22, 2020 2:48pm
I'm in too. First time I do this kind of challenge.
  • #83
  • Jan 22, 2020 8:43pm Jan 22, 2020 8:43pm
Doing well mrdfx. Impressive.
  • #84
  • Jan 22, 2020 10:21pm Jan 22, 2020 10:21pm
Great work mrdfx.
Could you share your channel trading strategy? Looks interesting.
  • #85
  • Jan 23, 2020 5:29am Jan 23, 2020 5:29am
Quoting manuforex
I'm in too. First time I do this kind of challenge.
Awesome, welcome!
Truth is like poetry. And most people f*cking hate poetry.
  • #86
  • Jan 23, 2020 5:30am Jan 23, 2020 5:30am
Quoting carddard
Great work mrdfx. Could you share your channel trading strategy? Looks interesting.
It's simple really. I look at the overall daily trend then drop down to a lower time frame and wait for an over extended move and trade either the pullback or reversal.
Truth is like poetry. And most people f*cking hate poetry.
  • #87
  • Jan 23, 2020 7:11am Jan 23, 2020 7:11am
Today was a pretty good day. +8.3%.
Attached Image (click to enlarge)
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Truth is like poetry. And most people f*cking hate poetry.
  • #88
  • Edited 12:40pm Jan 23, 2020 9:29am | Edited 12:40pm
not bad, 5.3% today. made a big mistake, got in too early.
  • #89
  • Jan 23, 2020 4:41pm Jan 23, 2020 4:41pm
Quoting mrdfx
{quote} It's simple really. I look at the overall daily trend then drop down to a lower time frame and wait for an over extended move and trade either the pullback or reversal.
Do you trade the reversal / pullback against or with the daily trend?
  • #90
  • Edited Jan 24, 2020 12:47am Jan 23, 2020 11:11pm | Edited Jan 24, 2020 12:47am
Just another day at the office......Kept the chart simple mrdfx.
Last two days Gold has been kind to me but will not post template.
R
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Ronnie Renko
  • #91
  • Jan 24, 2020 3:15am Jan 24, 2020 3:15am
Quoting carddard
{quote} Do you trade the reversal / pullback against or with the daily trend?
I always try keep in line with the main daily trend however if I see some other opportunity I'll take it.
Truth is like poetry. And most people f*cking hate poetry.
  • #92
  • Jan 24, 2020 3:49am Jan 24, 2020 3:49am
Today has been a bit slow and I found only a small scalp to get +2.5%.

I'll keep monitoring and hopefully after NY opens there will be some more opportunities to get the other 2.5%.
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Truth is like poetry. And most people f*cking hate poetry.
  • #93
  • Jan 24, 2020 5:44am Jan 24, 2020 5:44am
Quoting mrdfx
Today has been a bit slow and I found only a small scalp to get +2.5%. I'll keep monitoring and hopefully after NY opens there will be some more opportunities to get the other 2.5%. {image}
Managed to find another small scaling opportunity and completed today's target of +5%.
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Truth is like poetry. And most people f*cking hate poetry.
  • #94
  • Jan 24, 2020 7:43am Jan 24, 2020 7:43am
Quoting mrdfx
{quote} Managed to find another small scaling opportunity and completed today's target of +5%. {image}
Ok couldn't resist, took a quick scalp bringing today's profit to +7.5%.

Done for this week and monthly target nearly achieved. Happy weekend guys!
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Truth is like poetry. And most people f*cking hate poetry.
  • #95
  • Jan 24, 2020 11:58am Jan 24, 2020 11:58am
not bad. 10% today.
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  • #96
  • Jan 24, 2020 4:49pm Jan 24, 2020 4:49pm
Interesting stuff - well done! Subscribed for sure!
  • #97
  • Edited 11:55am Jan 25, 2020 5:43am | Edited 11:55am
Quoting carddard
Great work mrdfx. Could you share your channel trading strategy? Looks interesting.

Try this indi (attached) and set the TF (time frame setting) accordingly - not sure if it's the same channel indi but it does a similar job!
Attached File(s)
File Type: mq4 TMACG mladen.mq4   10 KB | 505 downloads
  • #99
  • Jan 25, 2020 11:14am Jan 25, 2020 11:14am
I really like the idea of 5 - 10% per day. It's mentally easier and using something like the channel system I think one should be able to obtain it. Once you've made your 5% one can switch off or switch to demo trading if you're an addict

Using compounded interest strategy, $192 to 409K is achievable but I haven't worked out how long it would take - probably not that long!
  • #100
  • Jan 25, 2020 11:40am Jan 25, 2020 11:40am
It looks fine to me! No worries if you have days under 5%. Good Luck!
Risk Management is of utmost importance!
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