EURUSD

There is a shitton of money to be made until 1.06040 ...

... and lost

EURUSD long @ 1.0778
sl @ 1.0740

So, once again, my trading system has completed its profitable cycle as designed.
New all time high account balance / net equity achieved today for all my live accounts combined.
During the 139.8 pip EUR/USD bearish trend since Tuesday, last week, down from 1.08645 to 1.07247 this morning, I kept adding to my underwater long positions on the way down, per my system, with no less than 10 pips apart, each additional position larger than the last.
I ended up with 10 long positions. Then, at the bottom of 1.07247, my average of +10 pips TP for longs was only 44.1 pips away at 1.07688. We ended up getting 54.6 pips retrace today, back up to 1.07793, so plenty of room to spare.
During the dump, I also opened 1 short position at a time with 10 pips TP. Sometimes, during the bullish spikes along the way, I managed to get 2 or 3 shorts in position, cashing out for an average of 10 pips each on the way back down. It would had obviously worked better just adding to the winning short positions and riding it all the way down, but the thing is, you never know when it's going to bounce. So, I had better peace of mind to just set a 10 pip TP, then keep opening another one, etc.
When it did bounce off of 1.07247, that last short position went into drawdown, so I started adding more shorts to it, with no less than 10 pips apart. At the top of today's bullish action at 1.07793, my average of +10 pips TP for 4 short positions was only 29.3 pips away at 1.07500, which has yet to be triggered, very likely within a day from now, or at least sometime this week.
So, a beautiful payday for me today so far!
However, because of so much drawdown, and averaging out with larger positions, the smallest positions (especially demo accounts) ended up taking losses.
But that's all part of the plan. This way, the largest positions are exposed to the least risk of loss, and end up taking the largest piece of the cake. They are the ones that I expect to keep upgrading to higher levels over time.
Currently, I have 1 long and 4 short positions in place, ready for the next cycle, large or small.
I can't say if this system would work as well with other Forex pairs.
It usually works pretty good for EUR/USD because of its tendency to consolidate and go sideways a lot and balance itself out after every breakout.
My goal for completing level 3 of my system on any one of my accounts has now been moved to the end of April, which seems fairly likely to be achieved. Maybe the goal should be more like achieving 1 new level every 2 months instead of every month, which would be good enough.

Current progress so far:

11 Level 1 (demo) accounts are finished at +100% ROI.
4 Level 2 (Live) accounts are finished at +100% ROI.
5 Level 1 (Demo) accounts started with $100k.
7 Level 2 (Live) accounts started with $100.
4 Level 3 (Live) accounts started with $400.

Current Net Equity results from best to worst:

Level 3 Live $400 to $800:
#1 Level 3 = $585.63 (+46.41%) (30 trading days)
#4 Level 3 = $518.48 (+29.62%) (26 trading days)
#2 Level 3 = $505.03 (+26.26%) (26 trading days)
#3 Level 3 = $467.37 (+16.84%) (26 trading days)

Level 2 Live $100 to $200:
#10 Level 2 = $160.70 (+60.70%) (39 trading days)
#5 Level 2 = $149.18 (+49.18%) (55 trading days)
#9 Level 2 = $122.91 (+22.91%) (42 trading days)
#7 Level 2 = $120.78 (+20.78%) (54 trading days)
#3 Level 2 = $89.78 (-10.22%) (57 trading days)
#6 Level 2 = $73.90 (-26.10%) (54 trading days)
#11 Level 2 = $47.75 (-52.25%) (36 trading days)

Combined results for live accounts:
Deposit = $1,900.00
Net Equity = $2,841.51
Profit +$941.51 (+49.55%)
(36-65 trading days)

Level 1 Demo $100k to $200k:
#14 Level 1 = $151,513 (+51.51%) (18 trading days)
#16 Level 1 = $105,825 (+5.82%) (18 trading days)
#12 Level 1 = $81,772 (-18.23%) (20 trading days)
#13 Level 1 = $72,460 (-27.54%) (19 trading days)
#15 Level 1 = $36,752 (-63.25%) (18 trading days)

Combined results for demo accounts:
Deposit = $500,000
Net Equity = $448,322
Profit -$51,678 (-10.34%) (18-20 trading days)

Overall equivalent results of 16 Total (Demo + Live) accounts combined:
Deposit = $1,600,000
Net Equity = $4,054,832
Profit +$2,454,832 (+153.43%)
(18-90 trading days)

Average 51.3125 trading days per account (16 Demo + Live accounts combined):
Average +1.83% ROI per trading day (+9.49% per week, +48.14% per month) compounded.

SuperMan, I will not post the whole quote here, but what you describe is a Martingale System or a grid system.

They work perfectly if you do not run out of money...

Let me post you a screenshot of what happens when you DO run out of money ...

There were some additional orders placed that got stopped out when the account went bust



And no, it was not my account, just some account that I got the task to save and I could not.

So yeah, great algo !!!!

Real money, real account - 27k down the drain because some prop firm hired a trained monkey to run a grid system that works.

NOTE: it actually works because the guy made 16k using it ... but then it went bust and lost 27k for a total loss of 11k

I had wild times in this thread. Feels nostalgia. Bull run of 2021, The Great Drop of 2022... Made great friendships and made a lot of money along the way in this thread. It's sad to see this place staying in the shadow of Cable. EURUSD is the most traded pair and i think it's also the most reliable, stable one. This thread was my favourite child, I will try to give the attention this place deserves, so we can say Nordling is back Btw, thanks everyone who kept posting + contributing to this lovely place! Greenest pips to all of you

Back to trading, my before the fact trades are in profit. Putted positive SL, now it's all about riding it further.

#USDX / H4

#USDX / H4

It's been awhile since I've been really active on FF, but I do remember those days when I was sharpening my skills and absorbing as much knowledge as I could. Nice to see you active again here, mate! Learned a lot from you back then

Not sure who needs to hear this but when trading eu or gu always look for divergence between both assets. You get some very profitable trades.. Example below

Ok so which one to follow first

i trade both but thats just me. if you trade eu then look for the divergence. on the chart above you will see eu make a lower low while gu didnt then if you get a bullish 15min candle on eu jump in and dont hesitate just manage your risk, once it moves start adding positions.
First chart below is 15min then i jump to 1hr tf to add positions ---- hope it makes sense

It's so nice to see you back as well mate! I hope everything is going great for you!

I have learned a lot as well since then. As the time went by my trading matured more, updated myself, i have put more set of rules, became more disciplined, learned to manage the risk better etc. Trading is a career where we should never stop learning. We should never get too comfortable no matter how profitable we become. This may look like vague, generic talk for some (i used to think that way as well when i was younger) but it's the most crucial part of trading.

You were always more mature, disciplined with trading and i am sure you are already harvesting the fruits of your patience and wisdom. You always had the skillset to make it

I hope we can see you more active here buddy

I hope you asked for your grandma's consent before you posted her. You look very much a like, hair, facial features etc. Like grandma like grand-daughter.

This guy(?) loves getting slapped lol. Last time i remember he(?) messed up in trading, apologised and ran away but i guess he(?) follows me like a fan and begs for my slapping & spanking

I'll pay you for your services don't worry lol I understand unemployment wage is not enough and trading never treated u well

Oh i thought you were a gurl since many guys made you their biatch here My bad

How did your GU long call at 1.28 go btw? Price went 250 pips against u Did you blow your acc? It sucks, it must be hard for u to afford another acc with ur unemployment wage

I don't know what are u even talking about but looks like you are having schizophrenia attacks again. Get well soon.

I am making a living off of trading & also have a comfortable job, i don't need other ppl to support me unlike you. Stop btching in forum pages and get a job instead of living like a parasite on unemployment wage. Maybe that way you won't have to dream about parental figure fantasies

Please do people a favor and don't trade your future sugar mom's money (i doubt women would pay for that potato ahh goofy face) coz u suck at trading as you already know. which is why you feel the need to attack others to gain some relevance. As a profitable trader i gotta warn you, you don't have the sklllset & what it takes to be a good trader. You will never make it that far in trading.

Good luck, you gonna need it

Ok i rest my case, enough talking with the unemployment wage dependant parasite with 0 trading skills. No need to make him(?) famous with my high influence. I made this biatch famous enough