EURUSD

Yesterday I was stoped out of my shorts....BUT reentered as shown.....

Staying the course

Stoped out of my shorts at BE. Trying to guess what s next...... A crest is forming or already in place...???

Did some selling here . . . .SL at 1.08 47 ...

Risky story , crew.............

Today's 29/02/24 Support & Resistance on MT5 Template
EURO
CABLE
JPY/USD
GOLD

https://www.forexfactory.com/thread/...5#post14774215

I scalped a few longs and shorts today with profit as usual.
Currently, I have 4 EUR/USD short positions in place. TP = Open. Watching to see if we should continue making new lows today or test this week's high first.

Current progress so far:
11 Level 1 (demo) accounts are finished at +100% ROI.
4 Level 2 (Live) accounts are finished at +100% ROI.
7 Level 2 (Live) accounts started with $100.
4 Level 3 (Live) accounts started with $400.
Current Net Equity results from best to worst:

#3 Level 3 = $419.62 (+4.91%) (2 trading days)
#1 Level 3 = $416.26 (+4.07%) (7 trading days)
#2 Level 3 = $400.00 (+0.00%) (2 trading days)
#4 Level 3 = $400.00 (+0.00%) (2 trading days)

#9 Level 2 = $140.06 (+40.06%) (18 trading days)
#6 Level 2 = $133.12 (+33.12%) (30 trading days)
#10 Level 2 = $132.10 (+32.10%) (15 trading days)
#7 Level 2 = $118.11 (+18.11%) (30 trading days)
#5 Level 2 = $108.78 (+8.78%) (31 trading days)
#11 Level 2 = $79.24 (-20.76%) (12 trading days)
#3 Level 2 = $76.51 (-23.49%) (33 trading days)

Combined results for live accounts:
Deposit = $1,900.00
Net Equity = $2,423.80
Profit +$523.80 (+27.57%) (12-41 trading days)

Overall equivalent results of Total (Demo + Live) accounts combined (11 Level 1 (Demo) accounts @ $200k each + Level 2 & 3 (Live) @ current % ROI)
Deposit = $1,100,000
Net Equity = $3,211,720
Profit = $2,111,720 (+191.97%) (26-66 trading days)

Average 42.18 trading days per account (11 Demo + Level 2 & 3 (Live) accounts combined)
Average +2.57% ROI per trading day (+13.53% per week, +73.32% per month) compounded.

Are you williing to explain your trading system or are you trying to sell something? If it's here can you direct the post # ? Thank you.

All I do is what I explained in the above post you quoted, by scalping and hedging short term. If it's convenient, I like to close all my trades by the end of the week and start all over again, because with hedging, sometimes I get opposite positions in drawdown on opposite sides of the range. So, to keep things simple, scalping in and out when I can, then if I get into drawdown, I have the option of hedging until price comes back to it. The reason I hedge is because I can't deal with using stop loss all the time. It just doesn't work with me.
As far as positions go, I use each account separately and go all in (50:1 leverage) for 1 position on the smallest account first, and add free margin to the position once it's in profit until I close it manually or it hits TP. If it gets into drawdown and/or price action pivots, and I want to open more positions, I go with the next larger account, and so on. In that case, the largest account ends up getting in last, with the lowest risk of loss and the highest probability of profit. Currently, I have 11 accounts.
In America, we are not allowed to hedge on the same account, so that's why I use so many accounts to have the flexibility to hedge between them. Oanda allows up to 20 accounts. So far, 11 accounts has worked good enough for me.
But at the end of the day (or week), my 4+ years of Forex trading experience is what gives me the advantage to know how to win consistently. So, if I close all my positions at the end of the week regardless of drawdown, I will still be in profit since last week.
Your own eyes and intelligence (and gut instinct) is the best combination of indicators you can ever have. That's the main reason for my success.
And no, I'm not selling anything. I simply display my results for newbies to learn from my example, and also to encourage them to keep trying until they master it too, knowing that it can actually be done consistently. The other reason why I display my results is because most successful, professional traders, who have made it big, do not show their results for others to learn from and to be inspired by. I wish they would because it helps me to know it's possible to get rich on Forex and to learn from their example. So, I decided to do that myself for other aspiring traders. Good luck!

I did some selling at 1.08 45 but with low confidence.

$JY ...--- I wanted to see 149.50 before commiting long ..... Might happen today......

Might......

JY and E. --- Stoped in E. at BE.

Went short in $JY as shown

1.08 56 is a good crest...????? Possible..... Shorted one fttb.....

JY --- Cashed in my shorts and reversed to long , as shown....... Might drift a bit lower , might not.... Patience.

That s a good one....I see potential in this move......................

JY.....--- I see potential in this one , TOO................

#EURUSD / H4

JY --- Yes. there is potential here, and more to go

E. --- I am short here, as shown... Might visit 8.25-8.30 but this is the most it can do imho.

I have no SL

JY --- I plan to T. my Prfts soon... 150.80-90 ~..........

Plan to TP here , too , on some more weaknes.......................soon..............

JY and E. --- Market decided otherwise....crew....
Stoped on my E. and BP shorts

but I keep my $JY longs fttb.