Disliked{quote} Damn, not sure of your account size....but if it's 10K+, you earned $55K+. That is crazy result while keeping DD @ 10%Ignored
3
- #42,082
- Edited 3:19pm Feb 10, 2023 3:07pm | Edited 3:19pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
My biggest fk up this week was despite of analyzing the calendar rather pretty accurately and was bullish on CAD and had UC shorts.Against my instincts and better judgment I got out UC and worse sold CJ in terrible place.
My performance to my standards this week C-
Still made decent gains but poorly executed trades.Not perfect never have been.I am confident CJ will come down and I can get out without damage but still I am my toughest critic.
made 1185 today not too bad
Back to Pizza shop business analogy. 1185 sales 10% profit average after expenses.118 dollar profit.That's mind you working 8-10hrs
gives you perspective about your gains
To make 1185 profit you had to have 11k sales.That's not easy even for busy restaurant.Average restaurant sales a night if you are lucky 5k which basically equals 500-700profit. Now you can appreciate your Forex gains lot more!
My performance to my standards this week C-
Still made decent gains but poorly executed trades.Not perfect never have been.I am confident CJ will come down and I can get out without damage but still I am my toughest critic.
made 1185 today not too bad
Back to Pizza shop business analogy. 1185 sales 10% profit average after expenses.118 dollar profit.That's mind you working 8-10hrs
gives you perspective about your gains
To make 1185 profit you had to have 11k sales.That's not easy even for busy restaurant.Average restaurant sales a night if you are lucky 5k which basically equals 500-700profit. Now you can appreciate your Forex gains lot more!
In trading, you have to be defensive and aggressive at the same time
- #42,084
- Feb 10, 2023 3:39pm Feb 10, 2023 3:39pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
468% up for the year so far. Basically about 30days of trading minus weekends.
When time comes will disclose all the stats.
no weird dips or spikes just study upwards
did take shitload of trades in 30days roughly
When time comes will disclose all the stats.
no weird dips or spikes just study upwards
did take shitload of trades in 30days roughly
In trading, you have to be defensive and aggressive at the same time
- #42,085
- Feb 10, 2023 4:21pm Feb 10, 2023 4:21pm
- Joined May 2016 | Status: Trader | 6,304 Posts
468% up for the year so far. Basically about 30days of trading minus weekends.
- #42,086
- Feb 10, 2023 6:08pm Feb 10, 2023 6:08pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} 80% of the time the GAP will be filled! But we shall see what will happen this week. If we get a low risk entry idea then good reward:risk profit. The Weekly is still sideways wide range. So it is possible to sell the 'top' and target the 'bottom. {image}
UJ Trade Report for trades closed Feb 10
Next week market type conditions still the same with that Jan 08 Weekly candle high-low still in 'control'.
For the Pivot traders you check the Pivot levels of this week Feb10 close and compare that to the Pivot levels of that Week Jan 08to15 and see where you can take your trades.
Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #42,088
- Feb 10, 2023 8:38pm Feb 10, 2023 8:38pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Trading the Weekly sideways ranging market type conditions and catching the filling of the weekend gap. UJ Trade Report for trades closed Feb 10 {image} Next week market type conditions still the same with that Jan 08 Weekly candle high-low still in 'control'. For the Pivot traders you check the Pivot levels of this week Feb10 close and compare that to the Pivot levels of that Week Jan 08to15 and see where you can take your trades. Trade Well and Trade Safe.
I am sure lot of traders can benefit previous week's candle "control" however personally I take every week on its own conditions treating it fresh specially that we got lot of important events on USD next week
regards
In trading, you have to be defensive and aggressive at the same time
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- #42,090
- Feb 11, 2023 7:42am Feb 11, 2023 7:42am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Week 2 February
Big picture
USD continues to dominate due to resilience of US economy and this mostly due to geography since Ukraine war effects more directly European countries then US or Canada.Feds continue to stay hawkish on rate hikes despite of inflation subsiding somewhat.
Going forward I do anticipate USD bulls being in control however one should always anticipate corrections.Japan BOJ governor announcement could bolster the Yen substantially specially that Kuroda never raised rates during his entire tenure.
worth reading below
"Then Nikkei reported that the government was planning to nominate Kazuo Uedia, a former BOJ official who is now a professor at the University of Tokyo. Crucially, he hasn’t made any public comments on central bank policy since 2011. He might be seen as a compromise candidate, not having a public stance on the current situation. Though his last public comment was to criticize easing.
The market reacted as the BOJ tooking on hawkish turn, basically because anyone besides Amamiya was seen as relatively hawkish. At the moment, it’s still press speculation. The formal nomination hasn’t been made yet, but the expectation is that it could happen most likely on Tuesday."
Tues Feb 14
GBP Claimant Count Change 17.9K 19.7K
This is rather positive less unemployment claims the better. G pairs may get a boost specially over-sold GC mid 62 possible by Friday.
USD CPI-Positive green here could bolster USD bulls further.Remains to see how it comes out.
Weds 15
GBP CPI--10.3% 10.5% any green here will surely boast GBP
Huge USD day
Core Retail Sales m/m 0.9% -1.1%
Empire State Manufacturing Index -18.4 -32.9
Retail Sales m/m 1.7% -1.1%
The projections are very green and USD could dominate however remains to be seen how far USD priced in by release?
AUD Employment Change and rate
I have been watching AUD but not trading it however AC starting to get interesting.Will watch where it will be.
Feb 16 Thu
USD core PPI both are positive projections. More fuel for USD bulls? Remains to be seen how far USD is bought.
Relatively light news on CAD and I anticipate some corrections to happen since last Friday's stellar job report would of been consumed by the market. CAD crosses will be in focus!
Have said this over and over and will say again.Do your own calendar events.Reading mine are my own thoughts and it may not be yours.Only way to get better is to put work in to it. Dante prop trader talks about best performing trader was the guy still at his desk doing market research,logging trades etc after everyone went home....takes commitment to succeed why I remove people who prefer have others do the thinking for them.
Green pips
Big picture
USD continues to dominate due to resilience of US economy and this mostly due to geography since Ukraine war effects more directly European countries then US or Canada.Feds continue to stay hawkish on rate hikes despite of inflation subsiding somewhat.
Going forward I do anticipate USD bulls being in control however one should always anticipate corrections.Japan BOJ governor announcement could bolster the Yen substantially specially that Kuroda never raised rates during his entire tenure.
worth reading below
"Then Nikkei reported that the government was planning to nominate Kazuo Uedia, a former BOJ official who is now a professor at the University of Tokyo. Crucially, he hasn’t made any public comments on central bank policy since 2011. He might be seen as a compromise candidate, not having a public stance on the current situation. Though his last public comment was to criticize easing.
The market reacted as the BOJ tooking on hawkish turn, basically because anyone besides Amamiya was seen as relatively hawkish. At the moment, it’s still press speculation. The formal nomination hasn’t been made yet, but the expectation is that it could happen most likely on Tuesday."
Tues Feb 14
GBP Claimant Count Change 17.9K 19.7K
This is rather positive less unemployment claims the better. G pairs may get a boost specially over-sold GC mid 62 possible by Friday.
USD CPI-Positive green here could bolster USD bulls further.Remains to see how it comes out.
Weds 15
GBP CPI--10.3% 10.5% any green here will surely boast GBP
Huge USD day
Core Retail Sales m/m 0.9% -1.1%
Empire State Manufacturing Index -18.4 -32.9
Retail Sales m/m 1.7% -1.1%
The projections are very green and USD could dominate however remains to be seen how far USD priced in by release?
AUD Employment Change and rate
I have been watching AUD but not trading it however AC starting to get interesting.Will watch where it will be.
Feb 16 Thu
USD core PPI both are positive projections. More fuel for USD bulls? Remains to be seen how far USD is bought.
Relatively light news on CAD and I anticipate some corrections to happen since last Friday's stellar job report would of been consumed by the market. CAD crosses will be in focus!
Have said this over and over and will say again.Do your own calendar events.Reading mine are my own thoughts and it may not be yours.Only way to get better is to put work in to it. Dante prop trader talks about best performing trader was the guy still at his desk doing market research,logging trades etc after everyone went home....takes commitment to succeed why I remove people who prefer have others do the thinking for them.
Green pips
In trading, you have to be defensive and aggressive at the same time
468% up for the year so far. Basically about 30days of trading minus weekends.
you could have rounded it up to 500 too
Anyway amazing results, especially if I add the thread over and over again and I see even 16 k in there daily..wow sometimes it sounds like a fairy tale but there is a lot of hard work behind it.. so once again..WOW and big respect
It's not a dream. Chipsa is real!
- #42,093
- Feb 11, 2023 12:13pm Feb 11, 2023 12:13pm
468% up for the year so far. Basically about 30days of trading minus weekends.
Development of my account balance from January 1st to February 10th looks something like that for me. got another drawdown from AN CJ and UJ. But if I look at it this way, it could fall again from Monday... BTC USD is also very much in the drawdown again, if I could just keep my hands off it
the highest point comes before the fall
- #42,099
- Feb 13, 2023 6:37am Feb 13, 2023 6:37am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #42,100
- Feb 13, 2023 6:48am Feb 13, 2023 6:48am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time