£458 to 458 Italia! | Forex Factory

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£458 to 458 Italia!

  • #1
  • First Post: Sep 21, 2011 10:20am Sep 21, 2011 10:20am
One can dream so here goes!

The Rule book has been thrown out the window. High risk strategies taking quick scalps. I can't spend all day looking at the screen unfortunately .

Constructive criticism welcome, support most welcome.

The account is real money; if she blows, she blows. This could be the shortest Trading Journal ever!

I'm doing this to become more disciplined. When a trade goes wrong I'll have to get out because I'll get absolutely panned by readers here if I don't.

I'll try and update tonight.
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  • #2
  • Sep 21, 2011 1:21pm Sep 21, 2011 1:21pm
Update.

Now £546
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  • #3
  • Edited 4:49pm Sep 23, 2011 7:41am | Edited 4:49pm
It's incredible how the psychology of my trading changed knowing that some people may look at each trade.

Ridiculously, I spent the last two days trying to catch falling knives! I even let a trade run in the hope it would come back.

I lost nearly 40% of the account but got it back to £516.

I won't post the trades unless anyone wants to have a laugh.

The 458 seems a long way off...
  • #4
  • Oct 2, 2011 5:06pm Oct 2, 2011 5:06pm
Transferring to an MT4 account to show trades better. Should be up and running in a couple of days.
  • #5
  • Oct 4, 2011 5:17am Oct 4, 2011 5:17am
Good luck hope you make enough to get that dream car! Only need to double the account 11 times or so and your there. Maybe instead of trying to scalp wait for very high probability trades and then go all in with the aim of making 100% in each trade?. Also i think after your 1st double you should withdraw or put it in a sub account so if you blow up the account you will get to free roll the challenge again ?
Happy Trading
  • #6
  • Edited 6:50am Oct 4, 2011 6:49am | Edited 6:50am
Quoting extract
Good luck hope you make enough to get that dream car! Only need to double the account 11 times or so and your there. Maybe instead of trying to scalp wait for very high probability trades and then go all in with the aim of making 100% in each trade?. Also i think after your 1st double you should withdraw or put it in a sub account so if you blow up the account you will get to free roll the challenge again ?
Thanks Extract!

This is a bit of fun but also some seriousness to it. Just seeing what happens and maybe developing a modus operandi along the way. The rule book won't entirely go out the window - one eye will be on S/R.

Waiting for the forms to be approved here in the UK. I was thinking of using Divisa but they are just too far away should anything go awry. Feel more comfortable with the company having FSA approval. Not that the Authority was quick off the mark regarding the banks though!

Will be posting charts like the one below which is on demo.

If I double the account it will be unbelievable. 11 times? A miracle! and a 458!

PS The oscillators are comfort blankets!
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  • #7
  • Oct 10, 2011 2:03pm Oct 10, 2011 2:03pm
Should be up and running tomorrow after problems with Customer Support. Why they don't just call it the "Business Prevention Dept" I have no idea.
  • #8
  • Oct 13, 2011 1:14pm Oct 13, 2011 1:14pm
Six days after I transferred the money they still have not credited my account. Starting to reach "critical mass"!
  • #9
  • Oct 15, 2011 11:17am Oct 15, 2011 11:17am
Off and running.....
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  • #10
  • Oct 17, 2011 2:28am Oct 17, 2011 2:28am
I'm same with you want to get a 458italia, but I start with $1,000. Let's see who will be the first to drive this "lady" , I'll post my account update as possible, I'LL TAKE PHOTOS & POSTING HERE!!!
  • #11
  • Oct 18, 2011 1:57am Oct 18, 2011 1:57am
Quoting dicksonton
I'm same with you want to get a 458italia, but I start with $1,000. Let's see who will be the first to drive this "lady" , I'll post my account update as possible, I'LL TAKE PHOTOS & POSTING HERE!!!
A race! Excellent! Great to have you on-board!

Yesterday I missed the party due to meetings and then felt I must do something! Fighting that urge I still went short U/C. At that precise moment I had a glitch on my broadband and could see no trade so I entered again but nothing happened. Closed the platform down re-opened it to find I had no trades so went short again. Then around 5 minutes later I noticed I had three positions all losing! I closed the lot as it was way too risky for my small account. Money management and all that.

Anyway, here's one I took to get half of the loss back.
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  • #12
  • Oct 18, 2011 6:35am Oct 18, 2011 6:35am
Two trades this a.m.

Best shown here.
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  • #13
  • Oct 18, 2011 4:21pm Oct 18, 2011 4:21pm
One that didn't work.

Went for the bounce off support and it failed. Was going to go short at retest but it happened too quickly for me as I was in a meeting
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  • #14
  • Oct 20, 2011 4:56pm Oct 20, 2011 4:56pm
Completely lost the plot yesterday. I can only put it down to a heavy cold (aaah!) but I cannot think of a reason to go short cable as per the attached chart.
It was to me a bit of a see-saw day and every trade I made was a loser.

Today I decided to move out to the higher time frames with smaller lot size. The U/C chart is 5 mins but I took the trade off H4. It was my only trade today which worked well.
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  • #15
  • Oct 24, 2011 12:01pm Oct 24, 2011 12:01pm
I post my investor login here, kindly post yours too if allowed, so we could be have a clear picture in each other!

Trading account number (login): 7138787
Investor password: LiVew922

http://instaforex.com
  • #16
  • Oct 24, 2011 1:16pm Oct 24, 2011 1:16pm
Quoting dicksonton
I post my investor login here, kindly post yours too if allowed, so we could be have a clear picture in each other!

Trading account number (login): 7138787
Investor password: LiVew922

http://instaforex.com

Sorry, way, way too dangerous imho unless read only - but even then!

Just post details when you can.

PS I was in a 458 at the weekend -
  • #17
  • Oct 24, 2011 1:38pm Oct 24, 2011 1:38pm
love the thread name, best of luck!
  • #18
  • Oct 24, 2011 2:48pm Oct 24, 2011 2:48pm
Quoting neuron
love the thread name, best of luck!
Thanks neuron!

I really must get a grip! The higher time frames are suiting better work-wise but this is eye opening for me. I seem to want to go short all the time. Wonder why that is?
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  • #19
  • Oct 25, 2011 8:13am Oct 25, 2011 8:13am
That's better!
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  • #20
  • Oct 26, 2011 10:04am Oct 26, 2011 10:04am
Hoping for a bit of a bounce after quite a bit of confluence.
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