Zero to Hundred

October 09 .

Acc - Mini
Lev - 1:200
Start-up Capital : USD 25
Margin per trade : 100% equity
Trade freq : 1 trade per day , max 2 trade.
Pair : EU only
TF : 15min
Target profit : 25% per trade ( 15-16 pips including speads(3pips))
Stop loss with 100% equity and 1:200 leverage bet on each trade = 50pips

Pair : EU only
TF : 15min
Session : All session - 24/5 if I'm not sleeping


Realised - this will be suicide mission , no harm trying .. I will allocate USD 25 each month for this project .. maybe I will get lucky ...who knows..

Looking at today 1HR chart ..

I like the idea retracement UP to Fib 50.0 - Fib 61.8.. Highest level for today might Fib 61.8 and 1.46 physco level and also Lower High TL lying there..

SELL - at range Fib 50.0 - Fib 61.8 target 1.45 and if above not happen will SELL once 1.45 breach target 1.44

BUY - once TL and 1.46 breach ..

Looking at 4HR chart ..

SELL once High Low TL breach target Lower Low TL..
BUY once Lower High TL breach.

So got few option from above analysis , today will be volatile FRI especially start of US session ...


Betting project will start next week ..

Nice formation we had on weekly..
Technically we should go down from here..

EU has been holding on for sometime ...Let's visit Fib 38.2 then Fib 50.0 in coming few weeks ...Down we goes ...

At last , my betting project started officially today.
Delay due to few hurdles on documentation,deposit for new account with new broker..

2 trades successfully hit TP today..

1st trade - enter early Asian session BUY @ 1.4737 with set TP 13pips @ 1.4750, what a ride/swing through Asian till mid EURO session before hit my set TP ,draw down up till 80% my equity . Lucky bet

2nd trade - enter base on drawn Fib from today movement , just after closed 1st trade SELL @ 1.4758 with TP 1.4745 ..6 bar after TP hitted ..

Done for today..

3 trades today..

1st trades just opening Asian session but closed pre-maturely due to chicken out..manage to collect +3pips only = USD 1.50

2nd & 3rd trades enter mid Asian session at the same price and TP just hit. ENter base on Fib drawn as per chart attached.

Done for today.

My view technically

If we pass 1.4670 , we may see Fib 50.0 up till Fib 76.4 ..

I will

BUY only at Fib 76.4 @ 1.4560 if price not breach trendline drawn (Higher low TL) and if price go higher than 1.48 .

SELL once price close below 1.4670 targetting Higher Low TL @ 1.4560 and SELL again if price breach this TL.