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100 Fold Challenge -> Interested? TEST yourself

  • #121
  • Nov 3, 2011 11:54pm Nov 3, 2011 11:54pm
Details for 2nd attempt
Starting Equity: 200.16 AUD
Broker: Go Markets Aus
Leverage1
Method of publishing : MT4 Statement/ History Screens-shots
Attached Image (click to enlarge)
Click to Enlarge Name: FF Op Bal attempt2.JPG Size: 87 KB
  • #122
  • Nov 4, 2011 12:51am Nov 4, 2011 12:51am
Quoting Trumpcard
Details for 2nd attempt
Starting Equity: 200.16 AUD
Broker: Go Markets Aus
Leverage1
Method of publishing : MT4 Statement/ History Screens-shots
Nothing to be "" mate. This is part n parcel of trading with small accounts. Just like all trades don't work right but those which do offset everything (with calculated risk reward ratio) ..similarly the case with such accounts.
New info updated and locked. Good to go.
Keep it tight. Best of luck.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #123
  • Nov 4, 2011 1:00am Nov 4, 2011 1:00am
thanks Forexsaint, good luck to you too!
  • #124
  • Nov 5, 2011 3:19am Nov 5, 2011 3:19am
Quoting Trumpcard
thanks Forexsaint, good luck to you too!
Surely i need a lot of it on 4th attempt.
Any way, friday went well. Up >3 times. Grabbed almost whole move up in USDCHF, after NFP. (Screenshot attached)
Have kept some trades open in USDCHF looking at euro crisis, presently in drawdown. Lets c
Weekend stats have been updated.

@Participants
Those who updated results >1 week before...update them ASAP.


P.S.
- In continuation with previous post, EURCHF longs who bought that downward consolidation, must have minted good who traded.
- I preferred USDCHF ! In continuation with previous post, it broke(false) the H4 bullish wedge on 3rd. and then formed a Bullish flag (with pole starting from 27th OCT. Actually it could have been called a pennant before). Yesterday it broke through Upper TL of that flag @around 8864 and made high of 8904 .
Remember
8900 is an important resistance as mentioned.
8904 is also the high of D1 TF IB of 2ndNov . This IB was broken downside on 3rd Nov (false break IMO)
Currently price is testing flag's broken TL from upside. Lets WnWatch
Attached Image (click to enlarge)
Click to Enlarge Name: Weekend.jpg Size: 25 KB
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #125
  • Nov 5, 2011 8:02am Nov 5, 2011 8:02am
Already had this mind, started a brand new account back around 2nd october 2011 with SGD200

Starting Equity: 200SGD
Broker: Oanda-AP
Leverage: 50-1
Method of publishing : myfxbook
Date started: First week of October 2011

Current Equity as of Nov 5 2011 is $324

Let's get this started! Look forward to maintain an average return of 10% weekly!
  • #126
  • Nov 5, 2011 8:12am Nov 5, 2011 8:12am
Quoting jayjb
Already had this mind, started a brand new account back around 2nd october 2011 with SGD200
Currently at $324 and average of 10% returns per week
Starting Equity: 200SGD
Broker: Oanda-AP
Leverage: 50-1
Method of publishing : myfxbook
Date started: First week of October 2011
Current Equity as of Nov 5 2011 is $324
So...from your post, you seem to be interested in participating in this challenge
There are few things here before you are part of this.....Clarify !
1) you want me to roll you in with starting equity of 324 SGD..right? I hope you know that previous results/trading without participation here doesn't count anywhere.
2) You will start from next week..right?
3) You have read all the rules carefully and agree to abide the same, just like other participants..right?
4) You wrote about myfxbook. If you have already setup the account there, post the link (with current screenshot) along with all other details, once again.
(1)Starting Equity (2)Account Currency,(3)Broker Name (4)Leverage
5) What does "AP" in "Oanda-AP" stands for?

(I have to add SGD as base currency too...presently that currency in not in allowed account currency list. Not an issue though)
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #127
  • Nov 5, 2011 8:19am Nov 5, 2011 8:19am
Quoting forexsaint
So...from your post, you seem to be interested in participating in this challenge
There are few things here before you are part of this.....Clarify !
1) you want me to roll you in with starting equity of 324 SGD..right? I hope you know that previous results/trading without participation here doesn't count anywhere.
2) You will start from next week..right?
3) You have read all the rules carefully and agree to abide the same, just like other participants..right?
4) You wrote about myfxbook. If you have already setup the account there, post the...
1) Yea, Ima start rolling from $324.74
2) Correct
3) Yeap
4) I'm still waiting for the set-up but I might just use MT4 screenshots instead
5)Oanda Asia Pacific
  • #128
  • Nov 5, 2011 9:04am Nov 5, 2011 9:04am
Alright.. If you use oanda MT4, if possible, use myfxbook.
Otherwise, just make sure you post the first screenshot with your balance entry
Your Info added in main post and locked.
You are good to go. Good Luck
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #129
  • Nov 5, 2011 12:54pm Nov 5, 2011 12:54pm
Been reading about serious bids @ 1.2125 and larger below the level for a while now so heads up there. IMO, SNB is behind it.
  • #130
  • Edited Nov 7, 2011 12:23am Nov 6, 2011 11:46pm | Edited Nov 7, 2011 12:23am
Quoting EmeraldEyes
Been reading about serious bids @ 1.2125 and larger below the level for a while now so heads up there. IMO, SNB is behind it.
- Surely EURCHF was a logical buy, as stated, in that extreme downward consolidation with no price follow through. Currently 1.2367-1.2377 level zone will repel quite a bit (Quite a confluence of pivot resistances an supports on higher TF's, PA based resistances too.)
- I preferred USDCHF for margin requirements & spread issue. Played out well. We are close to hitting 0.9000 IMP resistance level.
- I would not be surprised here to see SNB increasing the peg to 1.3 , to be frank. (Hildebrand is not just sitting down. We read a statement yesterday )
- IMO, if a new peg limit is issued (not very-very likely any way), we gonna break OCT highs! 1.3180's-1.3200 is a valid/strong resistance level thereafter

Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #131
  • Nov 7, 2011 12:33am Nov 7, 2011 12:33am
Sucks. There's no 'strong' currency in the foreign exchange market with these CB interventions. Hate to watch Chf weaken so much against a crap Euro.
  • #132
  • Nov 7, 2011 12:39am Nov 7, 2011 12:39am
Quoting EmeraldEyes
...There's no 'strong' currency in the foreign exchange market with these CB interventions. .....
Agree.
But this is "ECONOMIC WARFARE". The essence of "CURRENCY WARS"
.........
& a trader doesn't care. Just wants price moving !





P.S. Traded pre-CPI news..into this USDCHF new highs! Looking good. 0.9000 broken as of now. Looking at 0.9045-0.9065 zone
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #133
  • Nov 7, 2011 12:50am Nov 7, 2011 12:50am
Price hasn't really been moving, for me anyways. Seems like the majors are at the same exchange rates as they were a few months ago.
  • #134
  • Nov 7, 2011 1:03am Nov 7, 2011 1:03am
Quoting EmeraldEyes
Price hasn't really been moving, for me anyways. Seems like the majors are at the same exchange rates as they were a few months ago.
Well, when i said "Price movement", logically that is a relative term for different traders. Various traders trade according to various Time frames/periods
A 20 pips move would be (More than) enough for a tick chart trader & 100 pip movement is zitch for a weekly one!
Surely, there are lot of whipsaws & chopping PA in some majors, thanks to contradicting statements/reports/rumours & stuff .


P.S. Just bailed out of USDCHF @ 0.9012 . Would be looking at shorts @ resistance zone mentioned in previous post. Account looking good again (>8 times). Week-beginning is good at least.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #135
  • Edited 9:05am Nov 7, 2011 7:46am | Edited 9:05am
USDCHF
IMO,
its inching up going for a daily high @ 9040-9080's
Currently @ 8988

In H4 TF
We have a double IB (good consolidation) , yet to break on any side. (Stall before continuation of uptrend?)

In H1 TF
We are just negating previous bearish engulf candle with current bullish h1 candle (Closing in 3 minutes)

If (True) breaks to upside, (and continues breaking 9040-9060 zone effectively)
9150's zone is next good resistance zone (will post charts later)

Positions
Long (quite a size) with net @ 8976. Will trail tight

EURUSD,
D1 TF chart is looking to me as a perfect short (Except if they hurl another "News" rumour to be refuted later or some political event)
Characteristic upward consolidation (inching up), after a steep rejection from 1.4240's.
On H4 TF, its a characteristic bearish flag (with pole base starting from 27th Oct), which broke today and now getting retested
I am pretty bearish till next level 1.3550 (VERY VERY important support. Break can be deadly & lead to 4th Oct lows)

Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #136
  • Edited 11:03am Nov 7, 2011 10:31am | Edited 11:03am
One heck of a 'GOOD' day...
Minted good in USDCHF longs. Just got bailed out @ 0.9018 (Trailing stop). Wanted it to hit targets though.

Made the account "Free" (initial equity withdrawn)
Account stands @ multiplication factor of 46+ (Screenshot Attached)
Logically,
it should be relatively easy from here to reach the target (who knows though)

Lets C.
Attached Image (click to enlarge)
Click to Enlarge Name: 11-7-2011.jpg Size: 406 KB
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #137
  • Nov 7, 2011 2:20pm Nov 7, 2011 2:20pm
So i got this news
http://blog.forexfactory.com/?p=1552
but i'm waiting on oanda to confirm

So i want to start a sub account and test this out.
But i already trading that subaccount. i've been trading it for like a week now.

you can put me 2nd attempt/10k/oanda/1:50/trade/screenshot (but hopefully trade explorer soon)

but i'm doing it on a blog (see sig) because i want to keep everythign organized and also attached oanda statements all in one place. Am i still allowed to do this competition with blog?

if not, i hope i can start this with trade explorer soon...
  • #138
  • Nov 7, 2011 2:21pm Nov 7, 2011 2:21pm
Wow forexsaint, seems like you are $3000 away from multiplying your account 100 fold already, another day like today and you'll win this.

Anyway, too lazy to wait for myfxbook to get a connection to my MT4.

Here's my account after today's session, lost a trade on USDCHF hence $715. You gotta deduct $400 from the amount as I gotta was in a underwater trade and had to put in more funds to avoid a margin call (in case you were wondering, I got out safely in the end.. phew! 0
Attached Image (click to enlarge)
Click to Enlarge Name: balance.JPG Size: 12 KB
  • #139
  • Edited 3:10pm Nov 7, 2011 2:48pm | Edited 3:10pm
Quoting hilmy83
So i got this news
http://blog.forexfactory.com/?p=1552
................. you can put me 2nd attempt/10k/oanda/1:50/trade/screenshot (but hopefully trade explorer soon)................ Am i still allowed to do this competition with blog?
if not, i hope i can start this with trade explorer soon...
That's a good news . keep me updated via PM, if possible (not here)

Regarding 2nd attempt, As of now, one can't hop to new attempt, if one is already trading first account. Attempts can't be simultaneous (May be i should add more info on it in 1st post). That way anyone who busts his/her account and doesn't want to share this & wants to attempt again , will update that old account is inactive (not trading) and he/she is moving to new account. This leeway can be abused to skew attempt stats for sure. I may have to think about this more, though.

Regarding journal in blog or anywhere else out of this thread, that's not allowed. Similar thing happened with a participant named "Forticon" and he was also not allowed to participate that way.
Keeping in mind the laziness & rut-hate, only major obligation i have kept for participants is to post weekly logs & read first post for updates. I cant relax those too and dilute the interest. Surely, following that ain't a big deal!
Quoting jayjb
Wow forexsaint, seems like you are $3000 away from multiplying your account 100 fold already, another day like today and you'll win this.
Another day, unlike today, can break the account too ..lol
Regarding winning, in case i do, that will be my 1st medal only
I would prefer to participate, as many times as i can, again . That's how i have traded (a lot) before and used the "Free Account" concept.
This challenge is never going to end
Quoting jayjb
Anyway, too lazy to wait for myfxbook to get a connection to my MT4.
Don't be so lazy. Its quick to setup. Feels like, i may now have to make some publisher "SETUP" tutorial posts now.
Quoting jayjb
Here's my account after today's session, lost a trade on USDCHF hence $715. You gotta deduct $400 from the amount as I gotta was in a underwater trade and had to put in more funds to avoid a margin call
I think you didn't read the rules carefully.
- No deposits are allowed, once one starts trading, except before re-enrolling for new attempt (Literally that means that if an account is busting, let it bust and that's what every participant agrees to). If you don't want to get margin called, one should post the same in thread and notify 2nd attempt.
- You are disqualified from the challenge as of now (1st attempt is done for sure).
- For any questions/need clarifications, PM me ( NO posts here regarding this thing )
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #140
  • Nov 7, 2011 5:22pm Nov 7, 2011 5:22pm
hello,

please verify your account with myfxbook,as u are using fxpro there shud be no issue to connect it with myfxbook.that will be much more better then this screenshots.
Trade responsiblypatience is the key/Swing trader
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