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Grow that account! (£100 - £50k)

  • #41
  • Mar 2, 2022 10:21am Mar 2, 2022 10:21am
I have reached n = 4 today. Was really hard, I traded too much and often at the wrong time. Because I used small lot sizes I could repair the damage. I need patience for good timing and some analyzing tv channel for the sentiment would help me I guess.
  • #42
  • Mar 2, 2022 1:06pm Mar 2, 2022 1:06pm
Okay first trade in this journey. I didn't enter at the best price (I wonder why this weeks is hectic). The best entry would have been the right shoulder of the inverted HS at the circled area.

GBPUSD
Long 3381
SL 3310
TP 3460

Logic of the trade:

1. There are equal tops (See resistance area marked with red bar). And equal tops are usually taken taken out with at least 10-20 pips.
2. There is a general pseudo W pattern which usually means price may head higher.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220302-195334_MetaTrader 5.jpg Size: 302 KB
  • #43
  • Mar 2, 2022 1:12pm Mar 2, 2022 1:12pm
Quoting Eren10
I have reached n = 4 today. Was really hard, I traded too much and often at the wrong time. Because I used small lot sizes I could repair the damage. I need patience for good timing and some analyzing tv channel for the sentiment would help me I guess.
Patience is greatly important. Sometimes you might feel agitated if you miss a trade but you have to put a leash on your fingers. Lol
  • #44
  • Mar 2, 2022 2:06pm Mar 2, 2022 2:06pm
Respect for you doing this and I know you have experience but just for shits and giggles add 35 LWMA (any TF) to your chart, 20 pips is piss easy using it - Thank me later
You can lead a horse to water, but you can't make it drink
  • #45
  • Mar 2, 2022 4:45pm Mar 2, 2022 4:45pm
Hey! This is such a fun challenge! I’m a spectator and will be watching your trades and cheering for you. I have seen you around in ff for a long. All the best and hope to hit 50k myself.

i have my own mini challenge (without time frame) and hope to achieve 25k at the mo and 50k next if possible. Not documenting my journey except having my trades verify in FF/FXBook for analysis. I’ll be looking forward to how you’re recording your trades in this thread.

good luck and wish you will get there 155 days or less!
Desire is a very strong force...
  • #46
  • Mar 2, 2022 6:27pm Mar 2, 2022 6:27pm
Quoting 7154Superman
{quote} New update: Today finished fantastically with an additional +$236.95 profit (+7.34% ROI) netted since 38 hours ago. Current account balance on Oanda = $3,463.85, profit = $1,404.54. I didn't manage to withdraw anything yet because of some technical trouble on their website, but they are working on it. So far, so good. I thank God for giving me success. And I wish you all the best! Have a fantastic day! P.S. I would love to hear about your progress as well! Peace out...
Another great day today... I'm speechless... My mind is blown... Don't know what to say...
New stats = +$587.03 profit today in 28 hours
(+16.95% ROI)
Current account balance = $4,050.88.
Overall profit on Oanda = $1,993.92.
My account grew from $1,800 to $4,050 (125% ROI) in less than 2 weeks.
This is unprecedented record breaking performance for me...
(I initially sustained some losses due to a poor trading strategy, bottomed out at around $1,800, changed my strategy, and here we are....)
I thank God for it all... I wish you the best. Have a great night.
Peace out.
You cannot fail if you never give up.
  • #47
  • Edited Mar 3, 2022 2:21am Mar 2, 2022 11:33pm | Edited Mar 3, 2022 2:21am
Quoting xkwisit2001
Respect for you doing this and I know you have experience but just for shits and giggles add 35 LWMA (any TF) to your chart, 20 pips is piss easy using it - Thank me later
I like your profile photo. It's a popular face but cannot seem to remember him. How do you use the 35 LWMA? Thanks for your encouragement.

Quoting Lubbie25
Hey! This is such a fun challenge! I’m a spectator and will be watching your trades and cheering for you. I have seen you around in ff for a long. All the best and hope to hit 50k myself. i have my own mini challenge (without time frame) and hope to achieve 25k at the mo and 50k next if possible. Not documenting my journey except having my trades verify in FF/FXBook for analysis. I’ll be looking forward to how you’re recording your trades in this thread. good luck and wish you will get there 155 days or less!
Thanks plenty. I hope you hit your target too. I'll be very happy to hit the target. The essence of doing this is just to help me to be meticulous and to hit the best trades knowing that it is public.

Quoting 7154Superman
{quote} Another great day today... I'm speechless... My mind is blown... Don't know what to say... New stats = +$587.03 profit today in 28 hours (+16.95% ROI) Current account balance = $4,050.88. Overall profit on Oanda = $1,993.92. My account grew from $1,800 to $4,050 (125% ROI) in less than 2 weeks. This is unprecedented record breaking performance for me... (I initially sustained some losses due to a poor trading strategy, bottomed out at around $1,800, changed my strategy, and here we are....) I thank God...
A famous comedian in my country usually uses the line, "you are doing well". So I say to you, you are doing well. Keep it up mate!
  • #48
  • Mar 2, 2022 11:39pm Mar 2, 2022 11:39pm
Quoting Mitiblotch
Okay first trade in this journey. I didn't enter at the best price (I wonder why this weeks is hectic). The best entry would have been the right shoulder of the inverted HS at the circled area. GBPUSD Long 3381 SL 3310 TP 3460 Logic of the trade: 1. There are equal tops (See resistance area marked with red bar). And equal tops are usually taken taken out with at least 10-20 pips. 2. There is a general pseudo W pattern which usually means price may head higher. {image}
Just woke up to see price here roughly at 3410. I closed manually and exited with +28 pips! Very important that the first trade closed in profit. Now wait for London.
  • #49
  • Edited 7:44am Mar 3, 2022 5:30am | Edited 7:44am
Short GU at 3371. SL 3420. TP 3330.

A bit nervous about this trade because price is still above the daily pivot. If at any time I get uncomfortable enough I may jump out. Price may eventually track higher but may dip before doing that. Let's see.
  • #50
  • Mar 3, 2022 6:59am Mar 3, 2022 6:59am
Quoting Mitiblotch
Short GU at 3371. SL 3420. TP 3330. A bit nervous about this trade because price is still above the daily pivot. If at any time I get u comfortable enough I may jump out. Price may eventually track higher but may dip before doing that. Let's see.
Dxy looks bullish, you should get your trade. I am looking at Gold testing 1920 and possibly 1900 (later).
  • #51
  • Mar 3, 2022 8:32am Mar 3, 2022 8:32am
Quoting Mitiblotch
Short GU at 3371. SL 3420. TP 3330. A bit nervous about this trade because price is still above the daily pivot. If at any time I get uncomfortable enough I may jump out. Price may eventually track higher but may dip before doing that. Let's see.
ISM data may be the trigger.
  • #52
  • Mar 3, 2022 10:45am Mar 3, 2022 10:45am
Quoting Mitiblotch
Short GU at 3371. SL 3420. TP 3330. A bit nervous about this trade because price is still above the daily pivot. If at any time I get uncomfortable enough I may jump out. Price may eventually track higher but may dip before doing that. Let's see.
Congrats, you got it.
  • #53
  • Mar 3, 2022 11:28am Mar 3, 2022 11:28am
Quoting Mitiblotch
Short GU at 3371. SL 3420. TP 3330. A bit nervous about this trade because price is still above the daily pivot. If at any time I get uncomfortable enough I may jump out. Price may eventually track higher but may dip before doing that. Let's see.
TP hit!
Attached Image (click to enlarge)
Click to Enlarge Name: trade 2.png Size: 5 KB

So, based on the template/model posted on the first post, day 4 which is today I should be at £115.60. I already have £115.55 currently, even though I started trading yesterday. Good, if you ask me. We march on.
  • #54
  • Mar 3, 2022 11:57am Mar 3, 2022 11:57am
Quoting Mitiblotch
{quote} TP hit! {image} So, based on the template/model posted on the first post, day 4 which is today I should be at £115.60. I already have £115.55 currently, even though I started trading yesterday. Good, if you ask me. We march on.
Well done.
Risk Management is of utmost importance!
  • #55
  • Edited Mar 4, 2022 1:51am Mar 3, 2022 2:37pm | Edited Mar 4, 2022 1:51am
Would be beautiful if my GJ buy limit gets triggered. And then it flies ups.

Logic: A tentative inverted GU H&S. Trade entry should be at the right shoulder of the inverted HS.

Tired and feeling sleepy already. Good night all.

Edit: Cancelled. Woke up this morning to see that it wasn't triggered.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220303-213506_MetaTrader 5.jpg Size: 674 KB
  • #56
  • Mar 4, 2022 12:32am Mar 4, 2022 12:32am
Quoting Mitiblotch
Would be beautiful if my GJ buy limit gets triggered. And then it flies ups. Logic: A tentative inverted GU H&S. Trade entry should be at the right shoulder of the inverted HS. Tired and feeling sleepy already. Good night all. {image}
Congrats, I think it happened.
  • #57
  • Mar 4, 2022 1:53am Mar 4, 2022 1:53am
Quoting GilverTrader
{quote} Congrats, I think it happened.
It didn't trigger. Price didn't get to my entry point so I cancelled it few minutes ago.
  • #58
  • Mar 4, 2022 2:40am Mar 4, 2022 2:40am
Quoting Mitiblotch
{quote} It didn't trigger. Price didn't get to my entry point so I cancelled it few minutes ago.
Pity. Yen pairs been trying to rally since (Asia) morning but spluttering hard.
  • #59
  • Mar 4, 2022 3:53am Mar 4, 2022 3:53am
Just went long EC at 4010. TP 4185 (I can jump out earlier). SL 3950.
Attached Image (click to enlarge)
Click to Enlarge Name: EC trade.png Size: 4 KB


Logic chart:
Attached Image (click to enlarge)
Click to Enlarge Name: EC.png Size: 60 KB
  • #60
  • Mar 4, 2022 6:27am Mar 4, 2022 6:27am
Hi Mitiblotch, what is the name of the indicator at the bottom of your chart?

Quoting Mitiblotch
Just went long EC at 4010. TP 4185 (I can jump out earlier). SL 3950. {image} Logic chart: {image}
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