The Average Discount Everything
- #1,223,222
- Edited 6:21am Jan 4, 2024 4:24am | Edited 6:21am
- Joined Dec 2012 | Status: Trader | 4,714 Posts
OK NO PROBLEM ...
FAILED ... BULLS STILL HAVE CHANCE TO RETEST 1.10017
NOW PRICE IN SIDEWAYS MODE AGAIN
Get ready for the bulls to bring prices back up to the right level
bulls need breakout 1.1007 for bullish in tf h1
FAILED ... BULLS STILL HAVE CHANCE TO RETEST 1.10017
NOW PRICE IN SIDEWAYS MODE AGAIN
Get ready for the bulls to bring prices back up to the right level
bulls need breakout 1.1007 for bullish in tf h1
The Average Discount Everything
- #1,223,223
- Edited 5:59am Jan 4, 2024 5:33am | Edited 5:59am
- Joined Dec 2012 | Status: Trader | 4,714 Posts
are the bulls ready to bring prices up again... I want to ride
BULLS must inside sideways zone when news ADP coming ... better for bulls
time to buy now because bears has made ABC correction , don't let more price down BULLS
BULLS must inside sideways zone when news ADP coming ... better for bulls
time to buy now because bears has made ABC correction , don't let more price down BULLS
The Average Discount Everything
- #1,223,224
- Jan 4, 2024 7:28am Jan 4, 2024 7:28am
- Joined Dec 2012 | Status: Trader | 4,714 Posts
bulls safe because tf m30 ..... lucky for bulls .... arrange for buy with strong power
The Average Discount Everything
- #1,223,225
- Jan 4, 2024 11:03am Jan 4, 2024 11:03am
bulls safe because tf m30 ..... lucky for bulls .... arrange for buy with strong power {image}
- #1,223,226
- Edited 11:16am Jan 4, 2024 11:04am | Edited 11:16am
{quote} I set up a level-up system for me every time I achieve +100% ROI on any of my accounts. I have now 7 Demo accounts running, starting with $100k, to finish at $200k. That's Level 1. So, I expect to level up from Demo to Live on all 7 accounts. Level 2 will be starting with $100 live account. I compiled the plan below. For level 2-4, I will deposit funds, totaling $1,000 to start level 4. Once the level 4 +100% ROI goal is completed, I start withdrawing a portion of the profits into my bank as income, and continue trading the rest. Level 17...
Your broker =Max Lev 200:1! This Lev is not enough.
- #1,223,227
- Jan 4, 2024 1:30pm Jan 4, 2024 1:30pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} ...i love that
But I kept getting pulled back into it.
So here we are.
You cannot fail if you never give up.
- #1,223,228
- Edited 2:10pm Jan 4, 2024 1:36pm | Edited 2:10pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} I'm all in long with 7 demo positions. When price reaches 1.0965, my best performing demo account should achieve $200k (+100% ROI). Then it's time to replace that one with a $100 funded account and keep going with the rest of the demo accounts until they also reach +100%. See my trade explorer and the following system I am planning on achieving:
Time to level up to a $100 funded account.
I had to open a 7th Demo account with an EUR/USD long at 1.09 to average down the deep drawdown of my EUR/USD long positions. Closed all longs at 1.0967 today with good profit. I had a bunch of TPs set there at 1.0967 where the +100% gain was expected to be achieved, and was sleeping when the bulls rallied this morning during the London session. So my phone goes off with a bunch of TP alerts, wakes me up, and so I closed all the rest of my long EUR/USD positions manually, and went back to sleep. Woke up again in the middle of the New York session, and found out it was a lucky sniper TP, since the price went down and stayed down immediately afterwards.
Had to go to work then and didn't have time to trade today until now.
Best to worst results are now as follows: +100.6%, +63.0%, +32.8%, +24.2%, +21.6%, -9.5%, -26.8%.
Overall result for everything combined is now +29.4% ROI.
The end of the last round 2 days ago with 6 Demo accounts was approximately +23.5% combined, so now we're up about +5.9% since then.
I started with the first $100k demo account on November 26, 2023, less than 6 weeks ago.
Now, with seven $100k demo accounts running, (Total $700k) with a total profit of $205.8k (+29.4% ROI), it's looking good for only 6 weeks of trading, especially considering the fact that 5 of the accounts were added only 7 trading days ago or less. (The +100% gain was made in 6 trading days.)
This leveling up system looks like it will actually work with my risky 50:1 maximum leverage trading style.
Because I start opening positions with my smallest account, then if it gets into under-margined drawdown, I keep adding positions from the next larger demo or funded account, repeat, etc., all the way up, in that order. So, that the largest account always ends up taking the cake with the least risk of loss when the win comes. All I need is just 1 account leveling up to the moon to get rich from in the end. Most likely, I will end up with 2 or 3 accounts leveling up and competing with each other. The others are ok with minimal gains or even getting blown, because they will be either demo or small funded accounts. This will be fun to watch the progress. I will keep updating my trade explorer along the way. Check it out.
You cannot fail if you never give up.
- #1,223,229
- Jan 4, 2024 3:05pm Jan 4, 2024 3:05pm
{quote} With regulated brokers in the USA, 50:1 leverage is max. And it's plenty for me. I can't imagine being able to survive extreme drawdown with 200:1 leverage. I can't seem to help getting into deep drawdown. I hate using stop loss because it goes against my mentality, then I end up going into drawdown anyway. LoL. So, this system I'm developing is designed to work with my style of trading. And it's working so far. With my system, I could be a millionaire within 2 years with only an investment of $8,000 or less. There are not many traders who...
but the only way to make big money is to be 100% sure about the range. Like now, the range is 1.121 to 1.070. That's telling you how to adjust your money management...
- #1,223,230
- Jan 4, 2024 4:25pm Jan 4, 2024 4:25pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} good stuff
I favor trading EUR/USD, and have been through it as a rookie since August, 2019. Quite a bit of massive swings going on there on the weekly and monthly chart. Blown quite a few accounts and thousands of $$. So, I'm now doing what I should had done from the beginning, but didn't have the patience for then. Working my way up using demo until I make significant progress, then invest small $$ at first, make more progress, invest more $$, etc...
Now, I will only need to invest $1,000 max per account before starting to withdraw a portion of the profit after every level is completed. If I lose profit with demo, then I will never upgrade to funded account. If I lose $100 funded account, then I will never invest more $$, etc.
Even if I level up to $10,000 or more, then blow the account, I will already have withdrawn more than the original deposit of $1,000 by then.
But with my system, that's not very likely to happen since I enter the trade positions first with my smallest accounts, risking the most drawdown with those, then take the cake with the larger account at the top or bottom of the range. Hence, the large account ends up being the one making the most profit every time and rarely loses.
Right now, I'm working with only 7 accounts. I can add more accounts to cover deeper drawdowns if necessary. Up to 20 demo and 20 live accounts on Oanda.com.
You cannot fail if you never give up.
- #1,223,231
- Edited 9:56pm Jan 4, 2024 6:36pm | Edited 9:56pm
- Joined Dec 2012 | Status: Trader | 4,714 Posts
BULLS needs breakout 1.09718 before NFP coming for safe
do quick in asian sessian
come ON BULLS united and use with strong power ... why bears not allow for ABC correction ... don't let price down more
do quick in asian sessian
come ON BULLS united and use with strong power ... why bears not allow for ABC correction ... don't let price down more
The Average Discount Everything
- #1,223,232
- Edited Jan 5, 2024 12:24am Jan 4, 2024 10:02pm | Edited Jan 5, 2024 12:24am
- Joined Dec 2012 | Status: Trader | 4,714 Posts
hopely at London open ... bulls come On bring price going up ....... bulls in asian session can't do it because bears force too strong
LOOK's BULLS HAS NO INTEREST TO BRING PRICE UP
The Average Discount Everything
- #1,223,233
- Edited 4:22am Jan 5, 2024 3:34am | Edited 4:22am
- Joined Dec 2012 | Status: Trader | 4,714 Posts
too hot , bears testing bull power (demand)
traped again
traped again
The Average Discount Everything
- #1,223,235
- Edited 7:05am Jan 5, 2024 5:09am | Edited 7:05am
{quote} Sure, that's why you need 3 to 5 years full time trading experience to get that idea good enough to avoid losing. Rookies don't understand price action ranging patterns, even if they take trading courses. It's something that must be learned from actively trading enough through multiple long term price swings throughout the years to be able to see things more clearly through all the short term noise. I favor trading EUR/USD, and have been through it as a rookie since August, 2019. Quite a bit of massive swings going on there on the weekly...
but me, i use only one live account with 500:1 Lev.
- #1,223,236
- Jan 5, 2024 5:28am Jan 5, 2024 5:28am
- Joined Dec 2015 | Status: Trader | 2,290 Posts
Trendlines H1,H4, SMC
- #1,223,237
- Jan 5, 2024 6:04am Jan 5, 2024 6:04am
- Joined Dec 2012 | Status: Trader | 4,714 Posts
The Average Discount Everything
- #1,223,238
- Jan 5, 2024 10:57am Jan 5, 2024 10:57am
better let's see how good/bad NFP ...... all TA will follow big time frame ........ be carefull
- #1,223,239
- Jan 5, 2024 3:07pm Jan 5, 2024 3:07pm
- | Joined Feb 2018 | Status: Trader | 1,276 Posts
these moves today are masterpiece of deceiver bank robber
hope xou guys now see that forex is just and only facking dirty manipulating game...
hope xou guys now see that forex is just and only facking dirty manipulating game... - #1,223,240
- Jan 5, 2024 10:04pm Jan 5, 2024 10:04pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} Yay!!! I made my first +100% ROI finally!!!
It was an EUR/USD long limit order at 1.09, manually closed at 1.0944. (44 pips profit). It was closed way too early though.
But it's still excellent profit compared to some of the big FF losers you see here complaining about the volatile price action hurting them. How this worked so well, was because I entered all my 6 Demo accounts into long positions first while going into drawdown until it was obvious where the support zone was, then set the limit order for the live account. I had also set 2 more limit long orders from 2 other unused demo accounts farther down at 1.0885 and 1.086 in case NFP dips down there first before rallying. The 1.0885 demo order did get triggered and gained even more today than the live account.
So, now I have 7 demo accounts and 1 live account running. According to my system, in case of drawdown, all my demo accounts and small live accounts have to be entered into a position first before the main live account gets into action. It's to make sure the main live account is the one to take the cake with the lowest risk of loss.
So, the total results so far since November 26, 2023, (6 weeks of trading) are as follows:
1 Live account +19.8%. (Only 1 trading day.) Real money...
1 currently inactive demo account +100.6%.
7 active demo accounts from best to worst +87.6%, +41.8%, +28.1%, +26.8%, +26.2%, -2.8%, -21.5%.
Total starting balance of all 8 demo accounts = $800K.
Ending balance = $1.087M
Total profit = $287K. That's +35.84% ROI.
If you combine all 9 accounts, it's like starting with $900k, and making $306.5k profit, which is +34.06% ROI. The vast majority of it was gained during the last 2 weeks out of 6 weeks of trading. Not bad at all.
I'm thankful for another great trading day. IDGAF what nubcake says.
I updated my trade explorer.
See it for yourself.
The inactive demo account with +100% return is no longer visible on there since I can post only a maximum of 8 trade explorers. So I included a screenshot of it down below on this post.
Have a wonderful weekend and see ya next week.
You cannot fail if you never give up.