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  • #281
  • Jun 27, 2009 8:05am Jun 27, 2009 8:05am
Transactions from last week:

http://www.xaron.net/dl/fx/2009/ib/t...s_260609_1.png

http://www.xaron.net/dl/fx/2009/ib/t...s_260609_2.png

http://www.xaron.net/dl/fx/2009/ib/t...s_260609_3.png

http://www.xaron.net/dl/fx/2009/ib/t...s_260609_4.png
  • #282
  • Jun 30, 2009 12:55am Jun 30, 2009 12:55am
Right, end of June and I hope I can start to load off some of my Gold and Silver soon.

Time to make a small review for the first half year of my journey.
I struggled a bit in the first 2-3 months because I just wanted to try something new. As usual this did not work out that well. After that I returned to my discretionary trading and came out of the hole...

Ok, so after 6 months I'm up about 15%. Not that spectacular, mhh? But well, for me that's ok. Will see how the next 6 months come up.

http://www.xaron.net/dl/fx/2009/ib/account_300609.png
  • #283
  • Jul 4, 2009 2:23am Jul 4, 2009 2:23am
Up a bit...

Account:

http://www.xaron.net/dl/fx/2009/ib/account_040709.png

http://www.xaron.net/dl/fx/2009/ib/o...ons_040709.png
  • #284
  • Jul 4, 2009 2:23am Jul 4, 2009 2:23am
Transactions from last week:

http://www.xaron.net/dl/fx/2009/ib/t...s_030709_1.png

http://www.xaron.net/dl/fx/2009/ib/t...s_030709_2.png

http://www.xaron.net/dl/fx/2009/ib/t...s_030709_3.png

http://www.xaron.net/dl/fx/2009/ib/t...s_030709_4.png
  • #285
  • Jul 4, 2009 11:14pm Jul 4, 2009 11:14pm
Quoting Xaron
Transactions from last week:
Looking good. Hit 12k! nice.

My rec would be once you double up, take out the initial investment in case one day emotions take the best of you. This way, you can call it 10k to 990,000

Keep it up! I dont see any GBP/USD trades. It's all I trade. Could help you make some quick money with my conservativeness with the pair!

PM me and stop by Cable Update in interactive trading

jack
  • #286
  • Jul 4, 2009 11:22pm Jul 4, 2009 11:22pm
Keep on keeping on my friend! Looks like you're in it for the long haul.

All the best,
DarkDays
  • #287
  • Jul 5, 2009 2:28am Jul 5, 2009 2:28am
Thanks guys!

@Jack: That's a good idea to take some money off the table. Actually I plan to do something like this. Maybe just withdraw 20% of the monthly gains...
  • #288
  • Jul 5, 2009 2:52am Jul 5, 2009 2:52am
Inserted Code
[IMG]http://xaron.mt4stats.com/images/brokers.gif[/IMG]
    Next [url="javascript:window.location.reload()"]refresh[/url] in 289  seconds 
Nothing has been published from your Metatrader 4 platform yet


Please update your mt4stats
  • #289
  • Jul 5, 2009 2:53am Jul 5, 2009 2:53am
Quoting MyaNyx
Inserted Code
[IMG]http://xaron.mt4stats.com/images/brokers.gif[/IMG]
    Next [url="javascript:window.location.reload()"]refresh[/url] in 289  seconds 
Nothing has been published from your Metatrader 4 platform yet


Please update your mt4stats
I'll do next week. Have to setup this stuff correctly.
  • #290
  • Jul 5, 2009 4:50am Jul 5, 2009 4:50am
Quoting Xaron
Hi all,

starting this thread I will try to reach something that some already have done and most never will manage to do.

I want to make my first million by trading in the forex market starting with only 10,000 Euro over a period of 10 years. And I want to document it here so everyone can see if I fail or not.

10 years are a long period at least in the forex markets and market conditions will change in that period. So how will I try to achieve my goal?

The first two months I tried a pure mechanical approach using inside bars. This attempt...

good luck, i also wil be monitoring ur thread.
  • #291
  • Jul 11, 2009 8:56am Jul 11, 2009 8:56am
Almost no change this week. It has been very choppy and difficult for me...

Account:

http://www.xaron.net/dl/fx/2009/ib/account_110709.png

http://www.xaron.net/dl/fx/2009/ib/o...ons_110709.png
  • #292
  • Jul 11, 2009 8:56am Jul 11, 2009 8:56am
Transactions from last week:

http://www.xaron.net/dl/fx/2009/ib/t...s_100709_1.png

http://www.xaron.net/dl/fx/2009/ib/t...s_100709_2.png

http://www.xaron.net/dl/fx/2009/ib/t...s_100709_3.png

http://www.xaron.net/dl/fx/2009/ib/t...s_100709_4.png

http://www.xaron.net/dl/fx/2009/ib/t...s_100709_5.png
  • #293
  • Jul 15, 2009 12:49am Jul 15, 2009 12:49am
I start to prepare my summer vacation and have scaled down everything for now. Had a good week so far and there is no need to take additional risks for now...

http://www.xaron.net/dl/fx/2009/ib/account_150709.png
  • #294
  • Jul 18, 2009 3:41am Jul 18, 2009 3:41am
This has been a good week.

Account:

http://www.xaron.net/dl/fx/2009/ib/account_180709.png

http://www.xaron.net/dl/fx/2009/ib/o...ons_180709.png

Transactions:

http://www.xaron.net/dl/fx/2009/ib/t...s_170709_1.png

http://www.xaron.net/dl/fx/2009/ib/t...s_170709_2.png
  • #295
  • Jul 19, 2009 9:02am Jul 19, 2009 9:02am
Hi Xaron

I've been trying to learn more about bwilc trading style so I've been following your journal and reading your posts on ff. I also purchased and read the book. The bwilc thread answered a few of my questions, its unfortunate that the mods decided to move it to the recycle bin.

You were very highly leveraged at the start of last week for this style of trading, over 25:1. In bwilc he suggests no more than 10:1 which makes sense given how much this style allows for postions to move against you. If the market had not turned in your favor at what point would you have started to close out negative postions?

What is meant by a small profit. I understand his concept of taking some small profits along the way, but how much is a small profit for example in the eur/usd, 50 pips?

Are you trading other methods besides bwilc? When I go through your trade logs I see some trades that appear to have relatively tight stops. I also notice a couple of counter trend trades like your eur/usd short this week. That short makes sense since the pair is stuck in a trading range between 1.38 and 1.42, but it is counter to the bwilc style of 1 direction.

It appears you use a high time frame to determine the trend. But even on the daily aud/usd has been in a downtrend since making its high on 6/11. At point would you start selling the rallies instead of buying the dips?
  • #296
  • Jul 20, 2009 1:29am Jul 20, 2009 1:29am
Quoting threei
You were very highly leveraged at the start of last week for this style of trading, over 25:1. In bwilc he suggests no more than 10:1 which makes sense given how much this style allows for postions to move against you. If the market had not turned in your favor at what point would you have started to close out negative postions?
Yes, that was tough indeed. I was somewhat sure that it won't go deeper because of the very bad expectations about the earnings. If I use that much leverage I always use stops for the big blocks. My stop in the Aussie was at 0.7685, for the Euro it was around 1.3870.

Quote
What is meant by a small profit. I understand his concept of taking some small profits along the way, but how much is a small profit for example in the eur/usd, 50 pips?

Only taking small profits is a bit dangerous because the losers are usually bigger than the winners. You just take some profits here and there to "keep the scoreboard ticking" as Dirk (the author of BWILC) says. Plus you have 1 or 2 positions with much bigger take profits - long runners so to say.
Basically it's very easy. You build up a position within a grid. As long as it goes in your direction everything is fine...

Quote
Are you trading other methods besides bwilc? When I go through your trade logs I see some trades that appear to have relatively tight stops. I also notice a couple of counter trend trades like your eur/usd short this week. That short makes sense since the pair is stuck in a trading range between 1.38 and 1.42, but it is counter to the bwilc style of 1 direction.

You're right. The basic concept is just one direction. It's more advanced (and might be dangerous) to play against the trend but if I see an opportunity I take it. As long as there is a range there is nothing wrong with going short at the top and long at the bottom.
I did try out some different systems in the past but always had some trouble using them. They just did not work in the long run...

Quote
It appears you use a high time frame to determine the trend. But even on the daily aud/usd has been in a downtrend since making its high on 6/11. At point would you start selling the rallies instead of buying the dips?

It's just the question how you define a trend. You can make it easy and use higher highs and higher lows for an up trend and vice versa for a down trend. That's the way I do it with weekly charts. At the moment I won't short the Aussie, just wait for the 1000 level in the S&P500.
  • #297
  • Jul 22, 2009 2:29am Jul 22, 2009 2:29am
This has been a breathtaking week so far.

http://www.xaron.net/dl/fx/2009/ib/account_220709.png
  • #298
  • Jul 22, 2009 4:05am Jul 22, 2009 4:05am
Wow, congratulations, you seem to be well on your way!
  • #299
  • Jul 22, 2009 4:15am Jul 22, 2009 4:15am
Quoting Wonko
Wow, congratulations, you seem to be well on your way!
HA! Danke Alter!
  • #300
  • Jul 24, 2009 10:39am Jul 24, 2009 10:39am
Hey Xaron

Thanks for answering my questions. You had quite a successful week, very nice trading. I must say I am a little confused though. Earlier in the week you went long eur and aud near the top of the range, this does not seem to be bwilc style, ie buying near the middle/bottom of the grid. Also, you were very highly geared (for bwilc style). Where were your stops for those longs that you took? With your leverage you didn't give yourself too much room for the trades to work against you without risking a large portion of your account.

Congratulations again on a very successful week. You are reading the markets like an open book. I am trying to understand bwilc style, but some of your trading appears to contradict what I learned about this method in the book. Has Dirk made significant changes to his trading methods? Or is this the Xaron/BWILC method?
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