400 club

As it is close to the end of year, I want to do something different. The idea is as follows:

Take one account and get 100% return within 100 days, in 100 trades with 100% winners.


Let's see how far I get.

Live stats.


This is for entertainment purposes only.

I started the account today and it took me a while to get it verified. I am also getting used to trading on a shorter timeframe then normal.

I am very excited to watch the progression of this journal. I believe this is a very difficult challenge but one well worth the effort.

You will be a trading idol worthy of much recognition if you are able to pull this off.

I will post some insights and valuable nuggets of wisdom from time to time.

Good luck

Jeremy

p.s. What time frame are you using and if you don't mind giving a very quick explanation of your methodologies.

(A little wisdom from my desk)

I use H1 for trade direction, glancing at the M30 and M15 for entry and exit, for this exercise I will keep my targets pretty tight, I don't want the PA turning against me. I use S/R, pivots, TL's, various MA's and occasional Fibs for direction and lots of chart gazing. Am not a scalper and for this exercise I will be extremely cautious on trade selection.

I will call my trades here with some explanation and reasoning and you can see all my trades in the link in post 1

EUR/USD Notes and Insight
A little trading insight to help get you started on your journey.

Your CLARITY looks like kind of QQE.

Where is the dynamic range indi taken from?

Good Luck, cloggie!

Short on Cable and GJ, Cable because I am taking advantage of the spike of Dubai news and GJ, because I am riding the BOJ intervention down after the lunch hour in Tokyo.

I allowed cable to get up to R1 just to make sure the PA could not support a further rise R1 coincided with the old resistance of 6322 of Friday. The move up started below the 25ma and I expect it to return there. So TP slightly above at 6229

GJ could not pierce through 145.012, the support from the start of the session that had become the resistance.

Targets 90-120 pips on each

Cable testing the R1 for the 3rd time on M15, lets hope she holds. I got 2.4 lots riding on her she does...

moved SL 5 pips above entry on GJ letting it ride, she is hovering at M25 on H1 she will need some gravity to fall back. She was 22 pips in the green at one time, not worth the risk to close her there though.

GJ stopped at 5 pips, lets see if I want to reenter that. Watching the PA to see if she gets past 25MA on the H1, lets see if this H1 bar stays a doji

Cable hit my TP nicely, still on track. Looking for my next trade, still keeping it easy and only taking the ones that have a high probability.

All a bit quiet before London lunch. Got my eye on a long cable, short fibre and long UJ, lets see what materialises. Cable has to get past pivot, fibre has to get away from pivot and 25MA, UJ has to get away from the bottom TL. All have to show a positive PA movemenent before I enter any of them. Don't want to screw up my track record.

Almost too easy, good short setup on cable, same as this mornings', testing 6325 touching the upper TL and the 150MA if PA justifies it will go short cable again with a TP of 90-120. Or is this jockying for position for tomorrow's CPI RPI? Keeping a close eye on M15/M30 to confirm my entry for this short. What is holding me back is the bottom TL on the daily together with the location of the 365MA

Let's see if I can add to my 240 pip day.

THe M15 is moving towards the 21MA with the M5 solidly below, stoch on the H1 is at 83.5 and 6325 is proving strong, with backup on the H4 in 6 minutes I will make a decision depending on where the M15 closes.

Am going short, awaiting an entry on the M5, not a TF I normally use, but as we are after london close and NY is out for lunch I don't want to enter even 0.5 pip from the top. I will see if she gets back to 63035 as a possible entry.

I am not going to be greedy, TP 90-120 depending on the PA after entry

Have not entered yet, the PA tells me we may see another test of 6325. Small support forming at 6286 on M15 does not help a short either.

So we are back to the upper TL, let's see where we go from here. Am still looking for a short entry.

Now I need confirmation that 6325 is going to hold, I made 240 pips today but this is a good chance for another 100 or so.

Could be a doji on the 30 and H1 after a hammer on M30, we'll see in 15 mins. None of my other currencies show any action this time of day.

This may be my chance for my short entry the 150MA is pushing her over, 6317 was not reached (high of 2 H1 candles ago and the R1 together with top TL) let's see if 6287 goes on M15, none of my other currencies showing any action either.