100 Fold Challenge -> Interested? TEST yourself

one thing i want to point out about trading with oanda is that if you trade using fxtrade in the MT4 subaccount, sometimes there is significant delay between the time you put a trade on your fxtrade and when it appears on the MT4 platform.

Sometimes if the trade lasts a few seconds, MT4 would treat that as a withdrawal rather than a loss (as seen on May 21-i never made a withdrawal).


So just wanted to get that across because FF explorer is not 100% accurate because of this technical error on oanda's side.

@Trumpcard
Ok. Stats updated.
(That was a bit late in informing here. Saw a trade before. Any way)

@Hilmy83
There is no issue with Custom date at all. In fact every attempt should actually start with a custom date only.
Regarding the withdrawal thing... thats an issue now. I have already contacted Explorer support with your post and details..awaiting reply.
Thread stats can get weird with that.
Let's C

yea i got an email from FF about that. There is no good way to work around that except to open FF explorer directly to your FXtrade. Problem is I used FXmanager in the past, so 3rd party access would not work for me.
Anyways, i will you know when i will make withdrawals..

Going live with 24th attempt.
Starting Equity: 99.06 USD
Target Equity: 9906 USD
Broker: Fxpro
Leverage:500:1
Trade Explorer Link : http://www.forexfactory.com/forexsaint#35


@Hilmy
The FF explorer support has advised me this as of now to fix this
Try the same...
"For now, one way around this is to delete the Trade Explorer and recreate it using the fxTrade method. During creation choose fxTrade as your platform and this should show all of your data. We are working to possibly having all OANDA accounts use this method to avoid having bugs with these OANDA MT4 accounts"

@Participants
- All week end updates have been done (already)
- The present conditions are of a good opportunity market, esp. volatility related. Good luck.

@ 25) Saussiche
Your account shows a Deposit of 50USD on May 25th, which is in violation of Rule "L". Your stats have not been updated & pending explanation from your side till this weekend (as per rules)

@Participants
- All week end stat updates have been done in the first post.
- IMO Get ready for SOME wild moves in most pairs this week (and more)

@ 25) Saussiche
You have been disqualified& status updated.

@Participants
- All week end stat updates have been done in the first post

Its almost mid-JUNE.
Good luck!

@Participants
- All week end stat updates have been done in the first post

So its time NOW for some good "VOLATILITY". May god help Banks (& people)
Lets WnWatch
Good luck!

@Participants
- All week end stat updates have been made, in the first post

BTW... Greece got fixed early last week
Contrary to speculator's happiness, the greek "can" (or should i say the Euro "Drum") has been just kicked down the road.
So "BIG" volatility's time has been postponed.
Good luck trading.


@Non-participants
Interested to compete "REAL" ....in virtually the most easy-to-follow-rules based challenge?
Yes?
Then Hop in & take the challenge & show us what you got (& of course make money in the process)



P.S.
Personally would be back in July for this (currently finishing/settling other important chores of trading & analysis)

@Participants
- All week end updates have been done (a bit late though)
- FWIW, Floating talk of a news related event coming (in parts or in one throw) & fiber hitting 1.3 zone soon.
Take with a Pinch of salt (& 1 more; Avoid if on antihypertensives )

Good luck Trading.

@Participants
- All week end updates have been done (already)
- USDX as expected & posted is still zooming and clocking close to 2yr high of 83.63, on this up leg (actually from 80 levels)
IMO 84.80- 85.10 level is next IMP resistance zone (& logiclly means EURUSD will be bled at bit more.. at least for a bounce (Dead cat or Real bounce will be seen later on)
- EURGBP prolly will provide a good opportunity very soon for a BUY SWING.
7810-7860 zone is a good watchable zone.
- Overall, Swing traders in higher TF's are getting paid good, these days.

@TrumpCard
Your explorer shows an DEPOSIT of 300 AUD on 3rd July 2012, which violates Rule L.
If that's for a new attempt, inform the same.
If you want to withdraw from challenge, inform the same.
As of now, your status is not updated, pending clarification.

@Participants
- All week end updates have been done (a day late; some offline issues; Not trading from couple of weeks too)
- USDX has halted rise close to ~84 level itself. But IMO this prolly won't be a swing high and some more to come soon... till levels mentioned in last update.
- EURGBP as expected and posted has hit 7830's . well within the zone mentioned in last update, for a good (QUICK) opportunity for a BUY SWING.
IMO another spike close to similar zone may present a opportunity to buy again, for target of approx 7950-8000 zone .

Lets WnWatch
Good luck!

Going live with 25th attempt.

Starting Equity: 99.35 USD
Target Equity: 9935 USD
Broker: Fxpro
Leverage:500:1
Trade Explorer Link : http://www.forexfactory.com/forexsaint/27

@Participants
- All week end updates have been done.
- USDX as expected & posted has shot back up and prolly planning to spike new highs and hit the IMP resistance zone of 84.80- 85.10
- EURGBP is getting hammered good and has broken "watchable" support zone mentioned in last update, clocking 0.7770 till now..hitting 4 yearly lows in the process.
Bearish momentum is high & as of know only opportunity for bulls is catching some retracement/s. As mentioned, 7950-8000 zone will remain the ground-zero !

Lets WnWatch
Good luck Trading.

SInce i'm hovering around 3k, i'll start my 5th attempt here.I'll customize my start time come 7/30/12.

Well,
25th attempt got martyred. Thanks to quite a 30 pip gap-down in EURUGBP on last week open & Broker ending up my account in - 171.88 USD negative balance, which it corrected on intimation (As can be seen as a deposit of 171.88 USD in Explorer)

There after it moved up 110pips to the peak of last weeks high (which was expected & the rational behind long positions (a 60-80 pips movement catch))

@Hilmy83
Alright.
Your stats have been updated. Update the custom date too
Starting Equity: 2993.41 USD
Target Equity: 299341 USD
Broker: Oanda
Leverage:50:1
Trade Explorer Link : http://www.forexfactory.com/hilmy83/40

@Participants
- All week end updates have been done (already)
- USDX stopped short of 84.80-85.10 zone and hit highs of 84.25 only.
On MN TF, there appears to be good rejection bearish hammer (with a good wick). If forms (with 2 days to month's end), some more retracement down is possible (even 81.30's)
Over all i have bullish bias till 86.50-87.00 levels on higher TF (where a monthly downward trending TL exists (with USDX breaking back into a falsely broken symmetrical triangle)
- EURGBP , looking at the PA, may prolly want to spike down again to test previous lows and then move up to levels mentioned (7950-8000), which are surely possible, sooner or later, on weekly TF.
Breaking previous lows with momentum (7742 is 100 Month SMA) with a good 50-80 pips downmove will prolly mean a lot of bearish bias and 7300 is even possible., sooner or later.

Lets WnWatch
Good luck Trading.

@Participants
- All week end updates have been done.
- USDX has retraced back to an extent, in 1st week of new monthly candle. Looking at the PA, previous resistance zone (84.80-85.10) will remain STRONG.
83.6 (Dollar index levels vary to an extent on different platforms and brokers, being synthetic) appears to be getting sold good. As before, 81.30's have to be watched on downside , if retraces more.
On Higher TF's, Bullish bias remains till then as it has broken back into symmetrical triangle, which was broken downside in April 2012.
EXCEPT if we see some fundamental "News" bazooka.. strengthening Fibre (Though IMO that would be temporary.. thanks to "CAN-KICKING" going on, as far as dealing with real crisis is concerned)
- EURGBP has overall ZOOMED up . as expected and hit 7922 levels till now. Keep a watch on the the Ground-Zero zone(7950-8000) mentioned before for Bears to get angry again.
It didn't move/spike down much as i was expecting before this rise, which somehow (looking at the PA), makes me think that this rally may be sold hard.. till 7810 to 7777 levels, if not new lows.

Lets WnWatch
Good luck Trading.

I'm going to start my 6th and final attempt for this competition.

As this competition has shown that I'm no good trading forex in the short term.More importantly the funds that i use for forex comes from some of the equity trading profits and lately my equity account is not performing as well. But predicting equity price with much longer timespan is A LOT easier when supported with some fundamental data, vs being a pure forex techie. Maybe, i'll start picking up books on forex FA in the future.

I may come back to forex in the next few months, all depends on how profitable i am in other accounts. Forex will always be my play for profit/fun, but for right now, i'm preserving my overall trading capital.

I will start once i can figure out how much i can put in (i have couple of equity position nearing closing). Will let you know this week.

last equity $1300, 6th attempt, 12100, starting 8/8/12, explorer

@hilmy83
Alright.
Your stats have been updated. (along with the new explorer link). Your new attempt details are as under...for your reference.
Starting Equity: 12100 USD
Target Equity: 1210000 USD
Broker: Oanda
Leverage:50:1
Trade Explorer Link : http://www.forexfactory.com/hilmy83/02

Good luck and Trade well.