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100 Fold Challenge -> Interested? TEST yourself

  • #141
  • Nov 7, 2011 6:04pm Nov 7, 2011 6:04pm
Congratulation forexsaint

46.29.


Really great.
I would take 1'500.- out now (war chest) and trade with the rest in the freedom.
Keep it up!
FXcube
  • #142
  • Nov 7, 2011 9:28pm Nov 7, 2011 9:28pm
Holy Shmoly FS !


nice job


keep it up !
  • #143
  • Nov 7, 2011 10:21pm Nov 7, 2011 10:21pm
Daaang that's an awesome payday, FS! Don't give it back now
  • #144
  • Edited 11:51pm Nov 7, 2011 11:28pm | Edited 11:51pm
Quoting forexsaint
...
Minted good in USDCHF longs. Just got bailed out @ 0.9018 (Trailing stop). Wanted it to hit targets though....
USDCHF, Hit 0.90466 as high last hour.
0.9044 was my first target (as can be seen from trades). Dang missed another 1100+ of profits ! Anyway had to trail tight ..coudn't give those profits away
Quoting Incrediblle
...
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.
I do not use any online publisher to post trades bcoz they extract out all the history of an account, even of the period when this challenge was not live. I seriously do not want to show how much losses/profits i had made in such account. As simple as that!
The day, an online publisher allows publishing results from a specific day (attempt start day), i will move to it. Do let me know if anyone finds it.

I have been very detailed with my trading screenshots even when accounts are busted! MT4 Statements are a valid proof.... and as per rules, i would be more than happy to provide more complete statements, if asked for, if i make 100 times in fact... just in case you will have some doubts!

Regarding your email, about which TF i trade and why USDCHF,
I take entries in M1 TF in the direction of major trend only (like H1 & mainly H4 and D1 Trend) . I scale in a lot & try to use as much margin as possible, when my conviction of analysis is good. I often employ quick stops at BE, on many entries (thats why i have a lot of BE trades)
After price moves in analyzed direction, I try to predict smaller retracement levels & enter more size/trades via limit orders. I keep doing this till my target level is achieved or trailing stop hits. Thats the reason for multiple entries/trades.
Just in case, you can find more info about my trading style ->here<-
USDCHF bcoz it has one of the least margin requirements and i need more free margin..esp. with such tiny 50$ accounts.
I also in sync with this pair and analyze it a lot.
Quoting Forexcube
Congratulation forexsaint
46.29.
Really great.
I would take 1'500.- out now (war chest) and trade with the rest in the freedom.
Keep it up!
Hey Fxcube...thanks.
I don't plan to do a major withdrawal as of now. Probably i will just withdraw those 169$ more (as lost in previous 3 attempts..as trading performance is all about P/L) and move on to hit the 100 times target ASAP (if things remain fine..lol)
& then start again with 50$ (as i usually do in my personal trading ). Lets C i may change my plans.
U earned my respect due to something. Just vouched for you
Quoting PrymeTyme
Holy Shmoly FS !
nice job
keep it up !
Quoting EmeraldEyes
Daaang that's an awesome payday, FS! Don't give it back now
Thanks guys. Will try not to give it back (but who knows)
I once broke a 40K free account(milked) too , though i earned back 43K the same day (guess the pair? EURCHF..lol)
Though losing 40k is an important event for me (i ain't a millionaire as of now), losing <5k account has been very normal for me....point being i know i can & i did make them back. Only learning for me here is to evolve my trading habits where i keep making these mammoth %ages with tiny accounts, in as less time as possible and keep the conversion ratio good.
The way i trade is high risk for sure but Free Account Concept allows me the risk i deal with. I just see such account as a free trade. You will also find, i often employ the concept of "milking" for such accounts to bank some profits (as per discretion)


P.S. Short (normal size) in EURUSD (from late US session)from 1.3769 levels..looking at 3700 first. Stop at BE. Lets C
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #145
  • Nov 8, 2011 12:39am Nov 8, 2011 12:39am
i have just read your previous thread and i must say u are a really good bloggist and a perfectionist i guess,

excellent
Trade responsiblypatience is the key/Swing trader
  • #146
  • Nov 8, 2011 4:45am Nov 8, 2011 4:45am
Quoting forexsaint
P.S. Short (normal size) in EURUSD (from late US session)from 1.3769 levels..looking at 3700 first. Stop at BE. Lets C
Had build up a lot size for shorts...but PA on hourly looked crappy for more downside. PA was surely not following through even after a (almost) bearish engulf on H1 last hour
Changed bias and long now (quite a size) @ net same level 1.3769
Stops at BE. Yet scaling in on every retracement
On Upside,
looking at 1.3810 is an important resiatance level & then 1.3850 zone
Coalition news on the wires too (Can't allow those political dimwits babble anything...without stops)

Lets WaitnWatch

P.S. Account balance looking good. but wanna let this run
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #147
  • Nov 8, 2011 4:57am Nov 8, 2011 4:57am
Here is my Trade explorer link. Sorry couldn't get myfxbook to work correctly.

http://www.forexfactory.com/google

Thanks

google
  • #148
  • Nov 8, 2011 5:29am Nov 8, 2011 5:29am
right now EU is in ranging and I am not sure till how long will it range,i am just looking for one good trade to come back in this game.

I have bearish bias on EU
Trade responsiblypatience is the key/Swing trader
  • #149
  • Nov 8, 2011 6:29am Nov 8, 2011 6:29am
Quoting google
Here is my Trade explorer link. Sorry couldn't get myfxbook to work correctly.
http://www.forexfactory.com/google
Alright Updated this in main post.
Quoting forexsaint
Changed bias and long now (quite a size) @ net same level 1.3769
Stops at BE. Yet scaling in on every retracement
On Upside, looking at 1.3810 is an important resiatance level & then 1.3850 zone
Darn EURUSD...
Added up quite a sized longs during the latest retracement from daily high of 1.3802. Started moving up as expected and just after making another high..spiked lower...bailed me out ..trailing stop @ 1.37886 and
now crap has made a new high 1.3822...till now!
Would have been close to 100 times by now! DAMN!

As expected, PA pressed up.
Already hit 1.3810 and can hit 1.3850 today itself (courtesy some political +news from greece)

Any way nice profits.. account standing @ 60.29 Times
Off for the day. Wanna finish up this week (make or break..lol)
Lets C.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #150
  • Nov 8, 2011 11:24am Nov 8, 2011 11:24am
F**king EURUSD...
Didn't allow me to finish this... last move up.... what now?
Not leaving it.....i am a "profit" brat !


So here is the NEWS guys..... (yeah you guessed it right i think)

Starting Equity = 54.53
Final Equity = 6551.11
Withdrawals = 54.53
Total Profit = 6605.64
Multiplication factor = 121.247 times
21 times more than the darn 100 times target
Total Trades = 102
Days traded = 5


So guys, my HUNT is done.
(or should i say my 1st hunt here, on this thread ?lol )

Wow.. nice feeling turning 50's odd amount to 6500's.
(AFAIK 10USD was the least i ever started with and that account busted around 700$)
This is one of the best R:R account i traded! Excites me for sure!

Statement attached
(FF resizing the image so zipping it and attaching the mt4 statement full screenshot)



"Hall of fame" list needs its first entrant
Gonna update results now ... hehe
Attached File(s)
File Type: zip 1st HUNT Done.zip   528 KB | 1,489 downloads
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #151
  • Nov 8, 2011 11:32am Nov 8, 2011 11:32am
Quoting forexsaint
F**king EURUSD...
Didn't allow me to finish this... last move up.... what now?
Not leaving it.....i am a "profit" brat !


So here is the NEWS guys..... (yeah you guessed it right i think)

Starting Equity = 54.53
Final Equity = 6551.11
Withdrawals = 54.53
Total Profit = 6605.64
Multiplication factor = 121.247 times
[color=red]21 times more than the darn 100 times target...

haha nice~!
now turn that 6k into 600k..just pretend it's a small account
  • #152
  • Nov 8, 2011 11:36am Nov 8, 2011 11:36am
Quoting hilmy83
haha nice~!
now turn that 6k into 600k..just pretend it's a small account
haha.
As they say it... surely Possible but may not be probable.!
Surely more emotional torture in that conversion...esp..if it busts in later stage
Further, these MM brokers will never pay me the money back

I better keep converting these 50$ one's only ...even if they bust.. my dog even won't wink..rofl
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #153
  • Nov 8, 2011 12:46pm Nov 8, 2011 12:46pm
okay im in! give me 3-5 years for this.

i have a live 1k account and 100 fold would mean 100,000 right?

100,000 divide by 5 years is 2,500. shoudl be easy to get..
Have I got something on my face, SOLDIER?
  • #154
  • Nov 8, 2011 12:49pm Nov 8, 2011 12:49pm
Quoting forexsaint
F**king EURUSD...
Didn't allow me to finish this... last move up.... what now?
Not leaving it.....i am a "profit" brat !


So here is the NEWS guys..... (yeah you guessed it right i think)

Starting Equity = 54.53
Final Equity = 6551.11
Withdrawals = 54.53
Total Profit = 6605.64
Multiplication factor = 121.247 times
21 times more than the darn 100 times target
Total Trades = 102
Days traded = 5

[b]
So...
slow dwn buddy... say what?! how did u do that? max leveraging? and u made that much? most people scour and go into their shells when max leveraging, but hell its $50 and is that right? nice helling profit. i bow down to u man, for doing that mch. now go play small lots

Have I got something on my face, SOLDIER?
  • #155
  • Edited 1:06pm Nov 8, 2011 12:55pm | Edited 1:06pm
Quoting bumapatria
okay im in! give me 3-5 years for this.
i have a live 1k account and 100 fold would mean 100,000 right?
100,000 divide by 5 years is 2,500. shoudl be easy to get..
Firstly, welcome.
Secondly, advise reading the main post again and all challenge & thread rules carefully. I am sorry but i am a bit pedantic about my threads & rules.
Thirdly, as you haven't read them properly, i advise posting the required details.. clearly, so that i can add that info in main post and you can start participation/TRADING
Thanks

P.S. I heard from someone about you and read your profile once... the young trader. Some good people i know about , seem to have vouched for you too. Nice. There is no time limit here..you can take as many years you want

Quoting bumapatria
slow dwn buddy... say what?! how did u do that? max leveraging? and u made that much? most people scour and go into their shells when max leveraging, but hell its $50 and is that right? nice helling profit. i bow down to u man, for doing that mch. now go play small lots
When approx. 25+ USD is the least margin required to open the least (0.1 lot) size for a liquid pair like EURUSD, with a broker with leverage of 1:500, i do not see whether max-leveraging has any meaning with a 50$ starting equity
Yes..."hell its 50$" & one has to grind his/her a** too during early stages of building up that account.
I am planning for next attempt , again with 50$, soon ...lol
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #156
  • Nov 8, 2011 3:47pm Nov 8, 2011 3:47pm
There are numerous arguments against the compounding effect as applied to FX.

At $128 risk, no harm in testing it for myself

….….+40pips, I’m right on track.
Attached Image (click to enlarge)
Click to Enlarge Name: compound_effect.png Size: 118 KB
  • #157
  • Nov 8, 2011 8:50pm Nov 8, 2011 8:50pm
Nice work forexsaint
  • #158
  • Nov 9, 2011 2:43am Nov 9, 2011 2:43am
Okay, have explained to forexsaint about my account, once oanda sorts it out, will post up pics to get me un-disqualified lol

And fxs, congrats on hit 121x

Would be good if you could have a sharing session with us

1) What motivated you to start this challenge
2) How did you plan your trade?
3) Your methodology
4) The defining moment
5) Your after thoughts
  • #159
  • Nov 9, 2011 5:19am Nov 9, 2011 5:19am
Quoting RealThing
There are numerous arguments against the compounding effect as applied to FX.
At $128 risk, no harm in testing it for myself
Agree ..there is no harm in trying such low risk accounts.
BTW you plan to making that curve a reality? Would your trading styple be exactly same trading 0.1 lot and then trading 100 lots, later in the stage?

@Agro
Thanks. When are you joining ?
Quoting jayjb
Okay, have explained to forexsaint about my account, once oanda sorts it out, will post up pics to get me un-disqualified lol
So actually you were already trading when you posted to join here and Oanda delayed a withdrawal transation. As advised, do post those scrrenshots after issue is solved and i would be happy to change the status to "Un-disqualified" lol
Quoting jayjb
And fxs, congrats on hit 121x
Would be good if you could have a sharing session with us
1) What motivated you to start this challenge
2) How did you plan your trade?
3) Your methodology
4) The defining moment
5) Your after thoughts
Mate IMO, i have already shared this many a times now on forum.
1) Reason @ bottom of main post. Monotonous solitary trading without any competition and excitement (No, i am not a pro who doesn't need excitement (or some say so) I like the adrenaline pump)
2) & 3) Posted that many times. I only use basic stuff and analyze some basic pairs myself (Few charts already posted on this thread).Screentime experience helps a lot.
http://www.forexfactory.com/showthread.php?p=4195579
http://www.forexfactory.com/showthre...84#post4907684
4) Defining moment...lol ... when my trailing stop was hit and 121 times the starting equity was realized as profit. thats DEFINING
5) Trading more such accounts and making more entries into the "Hall of Fame " Trader list

Thanks for the interview ..
Quoting forexsaint
On Upside,
looking at 1.3810 is an important resistance level & then 1.3850 zone
...
EURUSD
Just perfect play. Headed into resistance target of 1.3850 zone with morning high of 1.3858, Rejected brutally and playing out bearish sentiment kissing 1.3600 zone till now.
Just wish i continued trading and shorted some 20 lots up there...haha
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #160
  • Nov 9, 2011 5:51am Nov 9, 2011 5:51am
3rd attemp

deposit-33 dollars,starting equity for challenge is 54$
broker-fxpro
leverage-500
FF trade explorer.

http://www.forexfactory.com/incrediblle

Trade responsiblypatience is the key/Swing trader
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