The 5ers Project - Scaling all the way up

A plan to scale all the up on the 5ers challenge.

I started with the FundedNext Challenge

holding longs

uj tp hit. holding onto GJ

I got lazy and decided to sleep losing this incredible opportunity

long gj

Trade 1:Long UJ +32 pips
Trade 2: Short UJ

Trade 2: +43 pips
Trdae 3: short UJ

Thanks for sharing. Are you trading trends? How do you pick your trades?

Trade 3: -39 pips
Trade 4 : Short UJ

trade4 : +39 pips
trade 5: short uj

Thank you for your question.

I believe the market is random. Each trade is unique and needs to be treated as such. However, when there is a trend established, I try as much as possible to follow that trend.

This means that after a winning trade, I will always trade again in that direction. After a loss however, I need to evaluate the situation and decide whether to change direction.

My stop and target are almost similar meaning I can expect a 50% win rate. I have enough data to convince me that the market is random. A trade with equal tp/sl is similar to a coin flip.

My edge will play out when there are trends and when trading retracements. For instance my last trade short. It was at a retracement in a downtrend at a resistance point. TP hit in less than 1hr.

Trade 5 : +43 pips
Trade 6(Last Trade Today) : short UJ

Total for Today: 118 pips

Trade 1: -35pips
Trade 2: short UJ

today has been a slow day. still holding trade 2

Trade 2 : +46 pips
Trade 3: short UJ

Trade 3: +47 pips
LAst Trade: short uj

Trade 1 : Long uj

Last 2 years performance on UJ

TRade 2: Long GU

Trade 1: +100 pips
Trade 3 : long UJ