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Attachments: £2000 to £20000
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£2000 to £20000

  • #41
  • Jul 18, 2009 4:03am Jul 18, 2009 4:03am
As per previous post

Quoting direct-trade
This account is money I am prepared to lose and is traded very differently to my normal main account. I am prepared to lose the £2000 and trade it with extreme risk. My SL's have been adjusted to 100, TP 150, total risk per trade is £300 at the moment. 6 losing trades in a row from here would take it down to £1000, which is the amount needed to trade this lot size.


If the account climbs towards £20000 then risk will be increased to a max of £15-20/pip. Above £20000 the risk will be fixed at £2000-£3000...
  • #42
  • Jul 19, 2009 10:32am Jul 19, 2009 10:32am
Chart 1:

Sometimes it helps to look at the larger picture. This Monthly chart shows me that the 05,06,07 breakout was false. The sebsequent fall back into the original downtrend has just retested the UTL. A major fall can be expoected from here according to PA.


Chart 2:

Zooming in on the Monthly we see the following PA:
1: Breakthorough the UTL, the retest and support.
2: At completion of this candle ready to load longs for the Bull rally.
3: Distribution, ready to offload all long positions.
4: UTL has failed, showing the false breakout and resumption of downtrend, loading Shorts.
5: Doji at 1.42 and subsequent bullish candle was warning to offload Shorts and await retest of UTL.
6: UTL being retested, loading Shorts from here whilst watching the formation of a Bearish Hammer, but this candle still has 2 weeks left before completion. Short “Scouts” placed to determine strength of moves. Once move begins to accelerate, max. Shorts will be scaled in with 1st targets at centre of Downtrend channel.


Chart 3:

Weekly shows me the best places to scale in more shorts on the trip down. This area we are is currently where I am loading again, I expect any break North form here to be limited and unsustainable due to Monthly downtrend UTL. PA ATM supports my Short position.


Chart 4:

My daily chart has been posted before, but helps show me where distribution has been occurring.


Chart 5:

I am ready to load more Shorts, so I zoom down to the 1hr looking for good entries. Looking at movements during the hours of 0500-0900 GMT shows me where the market is trying to take me:
1. Watched as maket tried to break South, but traders brought Price back and to the Upside. Need to see how far this will rise.
2. Same again on day 2, waiting...
3. Same again day 3, waiting...
4. Shows reversal pattern and stalling, waiting for confirmation.
5. Shows stalling at day 3’s highs, double top forming, waiting to enter...
6. Shorts entered at 16422, waiting to add more from here. Day completes inside the European Trading Range so expect volatility and extreme move within the next few trading sessions. UTL holds, quick Stop Loss hunt in last 2 hours of trading shows me Traders looking for last minute better entry. Shorts will be held until 16600 broken and closed above on Daily.
Attached Image(s) (click to enlarge)
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  • #43
  • Aug 2, 2009 10:14am Aug 2, 2009 10:14am
Well the above senario is invalidated at this point. I havent really posted here much as I am waiting for the summer period to end before trading this other account, but I am actively trading my normal account whilst waiting for more setups with this trading experiment.

My charts and recent posts/trades over the last few weeks are at GBP/USD in the interactive forum.
  • #44
  • Oct 17, 2009 6:39pm Oct 17, 2009 6:39pm
Quoting direct-trade
Hello!

Welcome to my Journal.


This journal is exactly that, and is not a service, is not a recommendation to follow my trades, and is not for the purpose of showing a method with the potential to collect "customers" or paid signals etc etc.

[font=Calibri][size=3]This is a trading method I am tweaking and I am very prepared to...




I haven't posted trade updates in this thread as most of my normal trades were posted in the interactive trading threads (click on my profile, then click on posts), and could have easily been followed. These trades in this thread using "Oanda" however, remain "an experiment", and have not been discussed as I cannot be bothered with the "You'll be f*cked" type of comments as seen in previous posts.



£20,000 Target hit.

Trading experiment commenced with £2000 March 2009, target of £20,000 reached on Friday 16th October 2009.
Attached Image (click to enlarge)
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  • #45
  • Oct 17, 2009 6:52pm Oct 17, 2009 6:52pm
hey DD,

The only fuck you are going to hear out of me is.......




GOOOD FUCKING JOB !!!!!!!!!!!!!!!!!!!!!!!!!!!!

Never, ever... and this goes to ANYBODY let someone stand in the way of your goals ! they are the weak ones that typically can't hack it and pass the negativity on to others!

Congrats! Keep it going
lowest draw down possible please.
  • #46
  • Oct 17, 2009 9:24pm Oct 17, 2009 9:24pm
Well done
  • #47
  • Oct 17, 2009 9:42pm Oct 17, 2009 9:42pm
  • #48
  • Edited Oct 18, 2009 2:28pm Oct 17, 2009 10:12pm | Edited Oct 18, 2009 2:28pm
  • #49
  • Oct 18, 2009 6:47am Oct 18, 2009 6:47am
Quoting direct-trade
I haven't posted trade updates in this thread as most of my normal trades were posted in the interactive trading threads (click on my profile, then click on posts), and could have easily been followed. These trades in this thread using "Oanda" however, remain "an experiment", and have not been discussed as I cannot be bothered with the "You'll be f*cked" type of comments as seen in previous posts.



£20,000 Target hit.

Trading experiment commenced with £2000 March 2009, target of £20,000 reached on Friday 16th October 2009....

I must say, I'm VERY impressed by this, when I saw the percentage of your account that you were risking I though it was only a matter or time before you were bust.
  • #50
  • Oct 18, 2009 2:26pm Oct 18, 2009 2:26pm
its possible (not done it myself and nowhere near the maturity/experience level). mysticgenie has done it too. you can search for his posts, though inactive now.

Quoting Davidee
I must say, I'm VERY impressed by this, when I saw the percentage of your account that you were risking I though it was only a matter or time before you were bust.
  • #51
  • Oct 18, 2009 3:20pm Oct 18, 2009 3:20pm
I am not impressed yet.......He did not show his starting balance in the 20k+ account, whether it is DEMO OR REAL it is not clear .......When you demand something rare in somewhere then clear proof is must............and if you are not able to show the proof then you are fake...........

But I expect direct-trade is not a fake person.............

No hard feelings...........

Regards
  • #52
  • Oct 18, 2009 3:26pm Oct 18, 2009 3:26pm
Quoting kawser
I am not impressed yet.......He did not show his starting balance in the 20k+ account, whether it is DEMO OR REAL it is not clear .......When you demand something rare in somewhere then clear proof is must............and if you are not able to show the proof then you are fake...........

But I expect direct-trade is not a fake person.............

No hard feelings...........

Regards
Kawser, I don't d-t was trying to impress you or anyone else. By the way, you're viewing d-t's journal here.
  • #53
  • Oct 18, 2009 5:16pm Oct 18, 2009 5:16pm
Quoting kawser
I am not impressed yet.......He did not show his starting balance in the 20k+ account, whether it is DEMO OR REAL it is not clear .......When you demand something rare in somewhere then clear proof is must............and if you are not able to show the proof then you are fake...........

Regards
Was that directed at the reference from another poster about "Mysticgenie" or was it directed at me?

If me, from the first post you can see starting balance £2000.

Demo or real? Real oanda account shows FXTrade on platform as seen, if demo shows FXGame instead.

If not me, then would you all keep arguements about other traders off my journal please


To the other encouraging responses from posters, many thanks, much appreciated.
  • #54
  • Oct 18, 2009 5:36pm Oct 18, 2009 5:36pm
I thought of taking this to the next phase ie £20,000 to £200,000. This would involve posting trades and screenshots everyday in realtime, which firstly is not a problem and would be an interesting real time journal for me to read back on, but, I fear it would be too much hassle in the long run for various reasons many of you I am sure can understand.
  • #55
  • Oct 18, 2009 5:43pm Oct 18, 2009 5:43pm
Quoting direct-trade
I thought of taking this to the next phase ie £20,000 to £200,000. This would involve posting trades and screenshots everyday in realtime, which firstly is not a problem and would be an interesting real time journal for me to read back on, but, I fear it would be too much hassle in the long run for various reasons many of you I am sure can understand.

Do 20 to 30 first. 20 to 30 is still shooting for the stars.
  • #56
  • Edited 10:55pm Oct 18, 2009 6:01pm | Edited 10:55pm
Quoting direct-trade
Was that directed at the reference from another poster about "Mysticgenie" or was it directed at me?

If me, from the first post you can see starting balance £2000.

Demo or real? Real oanda account shows FXTrade on platform as seen, if demo shows FXGame instead.
Sure it's real live account but balance may be from Deposit or it may be other live account. Could you please post one more line which is realized P&L of that oanda account? That P&L line should be more $18K. I am asking this because you started this thread and post balance etc.

It is impossible to gain 1000% in just 3 months

Thanks
  • #57
  • Oct 18, 2009 11:00pm Oct 18, 2009 11:00pm
Quoting Banker
Sure it's real live account but balance may be from Deposit or it may be other live account. Can you post one more line which is realized P&L of that oanda account? That P&L line should be more $18K. I am asking this because you started this thread and post balance etc.

It is impossible to target (1000%) with exact timing.

Thanks
..........To direct-trade, I have no hard feelings about you or your realized HIT at EUR 20,000 from EUR 2000...............But it is not possible in my sense to gain that huge money within this short time.........May be I am a bad trader or I don't know nothing about trading............And if you can do it then I shall of course salute you........But as I am related with FX one year and this one year I ate, drunk and married with FX I did not find a single person who could earn in that way.....

If you can show another line,realized P&L line of your account then we shall believe that """"YES IT IS POSSIBLE""""".....If you can't then we shall not take it seriously.............

No hard feelings please and happy trading...........
Regards
  • #58
  • Oct 18, 2009 11:31pm Oct 18, 2009 11:31pm
Quoting kawser
..........To direct-trade, I have no hard feelings about you or your realized HIT at EUR 20,000 from...
Of course its possible, from June until now that only works out to an average gain of 16% a week, if you compound as your account balance grows, his risk was also a lot higher than he uses on his normal account, he has said that several times in this thread.

I know quite a few people on this forum that make an average of between 20-30% a week, week in week out and that is with using 3-4% risk per trade.
  • #59
  • Oct 18, 2009 11:45pm Oct 18, 2009 11:45pm
Quoting kawser
..........To direct-trade, I have no hard feelings about you or your realized HIT at EUR 20,000 from...
direct-trade doesn't strike me as some big attention seeker, and there are many on FF. Even though some may make money, they seek a following, they open skype rooms they want to be hailed as masters .. this is hardly the case here. This guy is just occasionally posting his progress and don't forget that what is possible in fx is merely what you determine in your own mind as possible. There are performers out there that will blow your mind.
  • #60
  • Oct 19, 2009 12:30am Oct 19, 2009 12:30am
Quoting luckylady
Of course its possible, from June until now that only works out to an average gain of 16% a week
Then he should not have any problem showing his P&L lines of his account........And about compounding, there are rare peoples who can make it consistently........I personally know a man who have made 59% in one month and in the next two months he lost all of his...........This same man earned 11.9% one day and at the end of day he lost every thing even from his capital............

Some how no hard feelings and I am not gonna make any post about this.........If direct-trade can show his P&L lines of his account then I shall take him seriously.........Otherwise not............That's all.......

Lets make life more easy.....

Happy trading ...........
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