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Simple Method Make Profit

  • #1
  • First Post: Edited Mar 24, 2020 11:28am Feb 4, 2020 12:48am | Edited Mar 24, 2020 11:28am
Newbie 300 Journey.

Simple methodology. Open buy trade when up trend and open sell trade when down trend.

Only focus Gold now

21 March 2020 Updated: focus on this two pairs EUDUSD & USDCAD. Stop for Gold.
Always Positive
  • #2
  • Feb 4, 2020 1:12am Feb 4, 2020 1:12am
One of the good example I get it from Google Master.

But i don't follow the SL and TP base on the sample picture.

My SL and TP target as below:

GBPUSD SL: 15pip TP: 15pip (some time 20pip ~ 30pip)
GOLD SL: 300pip TP: 300pip (some time 400pip ~ 500pip)
Attached Image (click to enlarge)
Click to Enlarge Name: Chart Pattern.JPG Size: 56 KB
Always Positive
  • #3
  • Feb 4, 2020 1:16am Feb 4, 2020 1:16am
You can search Price Action Methodology from Google Master

example: https://en.wikipedia.org/wiki/Price_action_trading

I try to master it and make it as simple as possible. Keep positive attitude and discipline on money management.

My bigger enemy is my Greedy.
Always Positive
  • #4
  • Feb 4, 2020 3:32am Feb 4, 2020 3:32am
Reach 200%

keep moving
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  • #5
  • Feb 4, 2020 8:00am Feb 4, 2020 8:00am
What is the Key to success in forex trading?

from my opinion (I am not success yet maybe soon )

Money Management 50%
Technical 30%
Fundamental 10%
Luck 10%

how about you?
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  • #6
  • Feb 5, 2020 9:32am Feb 5, 2020 9:32am
Finally reach 300%
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  • #7
  • Feb 5, 2020 7:03pm Feb 5, 2020 7:03pm
I always using daily chart to identify the trend, 1H chart to open trade (high sell and low buy). Seen like it work with correct SL and TP. Cheers
Always Positive
  • #8
  • Feb 5, 2020 9:18pm Feb 5, 2020 9:18pm
Quoting Leongang
What is the Key to success in forex trading? from my opinion (I am not success yet maybe soon ) Money Management 50% Technical 30% Fundamental 10% Luck 10% how about you?
I would say mm is the most important the rest can be learnt over time, if you don’t manage risk then you are not trading for long
simon
  • #9
  • Feb 5, 2020 11:10pm Feb 5, 2020 11:10pm
Quoting doingthere
{quote} I would say mm is the most important the rest can be learnt over time, if you don’t manage risk then you are not trading for long simon
agreed.
Always Positive
  • #10
  • Edited 10:24pm Feb 13, 2020 11:46am | Edited 10:24pm
Mission fail for first 300 acc.

Second 300 acc begin, now only focus on Gold and EU
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  • #11
  • Mar 2, 2020 3:54am Mar 2, 2020 3:54am
Now focus on gold.

how far i can go with USD500?

will I be Gold Killer or Kill by Gold? Let see how the result in next 3 month.

GOLD KILLER？
Always Positive
  • #12
  • Mar 3, 2020 7:36am Mar 3, 2020 7:36am
Last week result (Feb result) 169.29%
Attached Image (click to enlarge)
Click to Enlarge Name: E9CA25A2-8A68-4970-9FEB-AEB02D9758E3.jpeg Size: 432 KB
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  • #13
  • Mar 3, 2020 9:35am Mar 3, 2020 9:35am
Yearly 500%
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  • #14
  • Mar 9, 2020 9:52pm Mar 9, 2020 9:52pm
Total Trading Journey

1) Deposit 300 (Account burst. Lose total USD300)

2) Deposit 300 (Account burst. Lose total USD300)

3) Deposit 500 (Account burst. But make withdrawal USD1000. total win USD500. *Account reach 500% from USD500 to USD3000. but end up account burst due to emotional and without SL.
Learning and improvement* no matter how much you win, it not consider win. Only make withdrawal to your bank acc number only consider win.

4) Deposit 500 (new Journey start) Plan withdraw the amount by every Friday when reach certain target (profit).
Always Positive
  • #15
  • Mar 19, 2020 3:52am Mar 19, 2020 3:52am
Total Trading Journey

updated

1) Deposit 300 (Account burst. Lose total USD300) FAIL

2) Deposit 300 (Account burst. Lose total USD300) FAIL

3) Deposit 500 (Account burst. But make withdrawal USD1000. total win USD500. *Account reach 500% from USD500 to USD3000. but end up account burst due to emotional and without SL.
Learning and improvement* no matter how much you win, it not consider win. Only make withdrawal to your bank acc number only consider win. Pass (profit USD500)

4) Deposit 500 (Account burst. Lose total USD500) FAIL

5) Deposit USD1000 (now only focus on EURUSD and USDCAD) On Going

Overall
Lose 300 + 300 = USD600
Profit = USD500
Overall result = -USD100
Always Positive
  • #16
  • Mar 19, 2020 7:42am Mar 19, 2020 7:42am
The plan you have consider is good. Only the emotion on trading thats make a failure.
My lesson experience is using small lot size ie 0.01 or 0.10 but with consideration of risk.
Gold & oil both mostly volatile. Now im just trading main pairs.
Focus on consistency will make u feel good for yourself as a trader.

Be strong
wise man say, only fools rush in
  • #17
  • Mar 20, 2020 5:22pm Mar 20, 2020 5:22pm
Quoting eastrader
The plan you have consider is good. Only the emotion on trading thats make a failure. My lesson experience is using small lot size ie 0.01 or 0.10 but with consideration of risk. Gold & oil both mostly volatile. Now im just trading main pairs. Focus on consistency will make u feel good for yourself as a trader. Be strong
Thank you sir for your advice.

Now I am focusing on EU an UC. result seen like more better. I stop for gold trading now.

Finally i managed to get back my 1K capital from the withdrawal. Hope account still can keep going.

19 March 2020 result: USD910.18
20 March 2020 result: USD744.91 (Get back the start capital with withdrawal USD1200)
Always Positive
  • #18
  • Mar 20, 2020 9:33pm Mar 20, 2020 9:33pm
my personal opinion.
1. it's fortunate that the accounts lost were small amount. treat that as tutorial lessons costs.
2. from what i see, your lot size is too huge. many people in FF can make 10-20% a day but most could not last 3 months.
3. trading is a marathon not a short sprint. more important to come to a level of consistency.
4. depending on individuals, consistent profits will take at least 3-5 years of experience, 10,000 hours screen time, unless under a mentorship. some still couldn't with 10 years of experience.
ITB - Seeing Orderliness amongst 'Randomness'
  • #19
  • Mar 24, 2020 8:50am Mar 24, 2020 8:50am
Quoting Inthebox
my personal opinion. 1. it's fortunate that the accounts lost were small amount. treat that as tutorial lessons costs. 2. from what i see, your lot size is too huge. many people in FF can make 10-20% a day but most could not last 3 months. 3. trading is a marathon not a short sprint. more important to come to a level of consistency. 4. depending on individuals, consistent profits will take at least 3-5 years of experience, 10,000 hours screen time, unless under a mentorship. some still couldn't with 10 years of experience.
I managed to make withdrawal usd2300 with capital usd1000. Result show good if only trade USDCAD and EURUSD. Let see until month end. However, my account already win 100%
Always Positive
  • #20
  • Mar 25, 2020 4:23am Mar 25, 2020 4:23am
After I focus on EURUSD and USDCAD (no more gold), my result show very positive and i wish the momentum will keep going


19 March 2020 result: USD910.18
20 March 2020 result: USD744.91 (Get back the start capital USD1000 with withdrawal USD1200) Profit USD200
23 March 2020 result: USD452.21
24 March 2020 result: USD417.00 (withdrawal USD1100)
Always Positive
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