Trading Experiment: 100% by end of year | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another $100 Experiment 70 replies

1M-System for "The 1 Minute €100 Experiment" 13 replies

The 1 Minute €100 Experiment 0 replies

EURUSD Experiment - Monthly Binary R:R=1 with R=100 pips 2 replies

Experiment: $100 to $1,000,000 USD in 155 Steps 154 replies

Trading Experiment: 100% by end of year

  • #1
  • First Post: Nov 26, 2006 1:14pm Nov 26, 2006 1:14pm
A little about me:
Traded forex for about 5 months on and off. Have 50% of my account left.
Started with $511.
Currently have $250 left.

My goal is to get the $250 to $500 by end of year.

I will post my live trades here and any profits I take.
This thread will be a mirror and anyone else can comment.
kthx.
  • #2
  • Nov 26, 2006 1:17pm Nov 26, 2006 1:17pm
By the way this is real account at forex.com
kthx.
  • #3
  • Nov 26, 2006 1:24pm Nov 26, 2006 1:24pm
I wish you success and will follow your journal. Any insights on your plan, such as method or MM?

andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #4
  • Nov 26, 2006 1:28pm Nov 26, 2006 1:28pm
I lost money by using too many indicators. Now im using mostly price to trade. Thanks for looking at my thread
kthx.
  • #5
  • Nov 26, 2006 1:44pm Nov 26, 2006 1:44pm
I hope you success Mate
Charting Markets into the Future...MǎҖ€¥.
  • #6
  • Nov 26, 2006 2:44pm Nov 26, 2006 2:44pm
Quoting Xenaga03
I lost money by using too many indicators. Now im using mostly price to trade. Thanks for looking at my thread
kthx.
Good for you to realize this so soon. It took me a little bit longer to realize price is the best indicator.

andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #7
  • Nov 26, 2006 2:57pm Nov 26, 2006 2:57pm
Quoting Xenaga03
A little about me:
Traded forex for about 5 months on and off. Have 50% of my account left.
Started with $511.
Currently have $250 left.

My goal is to get the $250 to $500 by end of year.

I will post my live trades here and any profits I take.
This thread will be a mirror and anyone else can comment.
kthx.
hi mate...!
can you show me how to read mostly price you meant except the indicators...
could you share it for me...
thank you
  • #8
  • Nov 26, 2006 3:11pm Nov 26, 2006 3:11pm
Quoting kaspirano
hi mate...!
can you show me how to read mostly price you meant except the indicators...
could you share it for me...
thank you
First, welcome to the Factory. There is a wealth of information here for you to peruse. Trading using price action is not easy, and sometimes very subjective. I suggest you start by reading the first few pages of James16 Chart Thread, a classic here at FF. Then, read The Law of Charts. It has changed my forex life, and made many things clear.

If you read and understand both those things, you will be well on your way to consistent profitability in Forex.

andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #9
  • Nov 26, 2006 3:23pm Nov 26, 2006 3:23pm
So your account is at $250 with forex.com

So that means you have a mini account ($1/pip). So I guess you're going to risk more than 2% on each trade if you're going with this broker.
  • #10
  • Nov 26, 2006 6:36pm Nov 26, 2006 6:36pm
Quoting andersenws
First, welcome to the Factory. There is a wealth of information here for you to peruse. Trading using price action is not easy, and sometimes very subjective. I suggest you start by reading the first few pages of James16 Chart Thread, a classic here at FF. Then, read The Law of Charts. It has changed my forex life, and made many things clear.

If you read and understand both those things, you will be well on your way to consistent profitability in Forex.

andersenws
Thanks for the clue, will surf the link for sure
  • #11
  • Nov 26, 2006 7:29pm Nov 26, 2006 7:29pm
Quoting kaspirano
The Law of Charts. is it the eliot wave 1-2-3 system?,
kaspirano
The Law of Charts is a wave-type system, but in my opinion it is much easier to understand and profit off of than Elliot Wave, which can require years of study to become proficient.

Sorry to Xenaga03 for derailing this.

andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #12
  • Nov 26, 2006 8:36pm Nov 26, 2006 8:36pm
Thanks for posting the link to the Law of Charts. I have gone through the James16 thread already, so this should make for a nice follow-up. Appreciate it.
Mateusz
  • #13
  • Nov 26, 2006 9:21pm Nov 26, 2006 9:21pm
Sorry I did not call this live, but I sold at 1.9438 when market opened. This was due to gap and in my experience, when it gaps up or low, the market always retraces to that gap.
I studied elliot wave but it is too subjective. Some people count wave lengths differently. I decided not to use it at all. I have never heard of Law of charts either.
Summary:
10,000 lot sold on GBP/USD @ 1.9438

Waiting for NY and London session to see how they would react to this price.
kthx
  • #14
  • Nov 26, 2006 11:13pm Nov 26, 2006 11:13pm
Quoting Xenaga03
Summary:
10,000 lot sold on GBP/USD @ 1.9438

Waiting for NY and London session to see how they would react to this price.
kthx
Please take no offense... to reach your goal you will have to trade smaller. 10,000 contract is too high for an account your size.

Jon
  • #15
  • Nov 26, 2006 11:18pm Nov 26, 2006 11:18pm
I take trades with small risk and good profit ratio.
Take the gap for example.
Stop loss would be above the gap and this is also a chance to short at the top. Correction is also due
kthx.
  • #16
  • Nov 26, 2006 11:24pm Nov 26, 2006 11:24pm
Xenaga03,

Who is your broker? I ask this because you posted short at 1.9438. I cannot find any charts with my broker or online that show GBP/USD over 1.9411.

Jon
  • #17
  • Nov 26, 2006 11:30pm Nov 26, 2006 11:30pm
Just remembered your with forex.com. Went to thier site and the ticker says high for GBP/USD was 1.9468. I wonder how they got that?
  • #18
  • Nov 26, 2006 11:46pm Nov 26, 2006 11:46pm
FXDD showed 1.9460 for the open.
Don Life is expensive, but includes a free trip around the sun.
  • #19
  • Nov 27, 2006 12:04am Nov 27, 2006 12:04am
Quoting traderone
FXDD showed 1.9460 for the open.
Yeah... I just found this.

http://www.forexfactory.com/forexfor...9&page=1&pp=15
  • #20
  • Nov 27, 2006 12:50am Nov 27, 2006 12:50am
Quoting Xenaga03
Sorry I did not call this live, but I sold at 1.9438 when market opened. This was due to gap and in my experience, when it gaps up or low, the market always retraces to that gap.
Hi xenaga03,

what gap? on which time frame? many thx beforehand.
1 trader viewing now