£10 live account | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

demo account and live account differ in slippage? FXCM 15 replies

Dukascopy Live Account - Don't Post if you haven't traded live with them! 117 replies

My Live Trades on my Live Account 588 replies

3 week demo account leading up to live account. 20 replies

Demo account versus live account. 19 replies

£10 live account

  • #1
  • First Post: Sep 24, 2012 1:38am Sep 24, 2012 1:38am
Starting this thread to trade USDJPY and see where it gets me...

I will post my trades and the basic reasoning behind them. I don't have a system, I have been trading for the last 4 good years. I use a mixture of fundamental & technical analysis (fibonacci extensions, moving average etc).

Any comments & inputs would be appreciated.

My first trade is short @78.17 - I think the market is testing the BoJ to see if they will defend the currency. My target is 77.55 at which point I think we will see a good jump to 79.50 area.
  • #2
  • Sep 24, 2012 7:52am Sep 24, 2012 7:52am
I am changing my target to 76.75 for this trade... European worries are still persistent and I think we will see a big drop today, intraday, in the USDJPY.
  • #3
  • Sep 24, 2012 9:29am Sep 24, 2012 9:29am
a £10 live acount ) why not invest at least £100.

Maybe your system will bring many pips, who knows.

gonna be watching this one
  • #4
  • Sep 24, 2012 9:49am Sep 24, 2012 9:49am
Quoting HarliesDad
a £10 live acount ) why not invest at least £100.

Maybe your system will bring many pips, who knows.

gonna be watching this one
Hi,

I have been there before... it seems to be working I say to myself, why not put in 1000? Then you blow the account

I want to see if I can be consistent and make this 10 into 100... I find that you tend to call you bad trades as one-off... if I make it public, maybe I will be more true to myself

Thanks for posting.
  • #5
  • Sep 25, 2012 8:22am Sep 25, 2012 8:22am
I have closed my short and am going long @77.76 for the moment... I think we will have a small consolidation to 78.25 level. If we breach the daily low of today @77.66 then I will reverse the trade. Lets wait and see
  • #6
  • Sep 25, 2012 9:34am Sep 25, 2012 9:34am
I absolutely hate this... the resistance @77.91 is holding... someone with more capital then I is insisting on going short. If we don't breach the line before the 15m candle closes, I will reverse position and go short... again!
  • #7
  • Sep 25, 2012 9:48am Sep 25, 2012 9:48am
We failed to breach the line @77.91... so, I have reversed position and am going short again @77.86. Lets see how that works out for me
  • #8
  • Sep 27, 2012 3:08am Sep 27, 2012 3:08am
What are your long and short term goals?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #9
  • Sep 27, 2012 3:14am Sep 27, 2012 3:14am
Quoting Trader221
Starting this thread to trade USDJPY and see where it gets me...

I will post my trades and the basic reasoning behind them. I don't have a system, I have been trading for the last 4 good years. I use a mixture of fundamental & technical analysis (fibonacci extensions, moving average etc).

Any comments & inputs would be appreciated.

My first trade is short @78.17 - I think the market is testing the BoJ to see if they will defend the currency. My target is 77.55 at which point I think we will see a good jump to 79.50 area.
hey good trading,

nothing wrong with a small account whilst tweaking a method.

i have 4 trading accounts and when testing new tweaks i often tranfer funds to other accounts leaving a hundred or so to test with,whilst still trading the others with proven methods.

whilst there is some real money involved however small it enhances disipline and concentration.

go for it,it may well end up a thousand !
  • #10
  • Sep 27, 2012 3:17am Sep 27, 2012 3:17am
I would like to turn this 10 into 100 within a month. Long term... haven't really thought about it... once at 100 I will probably not take too great risk and see if I can triple or quadruple the 100 in a months time frame. As the account size grows I will lower the risk. After all, the purpose is to improve my trading... not expect to turn this 10 into a million in 3 months
  • #11
  • Sep 27, 2012 3:21am Sep 27, 2012 3:21am
Quoting diceman555
hey good trading,

nothing wrong with a small account whilst tweaking a method.

i have 4 trading accounts and when testing new tweaks i often tranfer funds to other accounts leaving a hundred or so to test with,whilst still trading the others with proven methods.

whilst there is some real money involved however small it enhances disipline and concentration.

go for it,it may well end up a thousand !
Cheers, hopefully this will be long term
  • #12
  • Sep 27, 2012 3:29am Sep 27, 2012 3:29am
I am holding on to the short @77.87. The 77.92 resistance still holds. The news today will decide if this will hit the 76.56 level...
  • #13
  • Sep 27, 2012 11:07am Sep 27, 2012 11:07am
have you tried doing something similar to this in the past?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #14
  • Sep 27, 2012 11:11am Sep 27, 2012 11:11am
Quoting Soros
have you tried doing something similar to this in the past?
I have blown few accounts in the past in my learning process. But never had clear rules or clear cut targets before...
  • #15
  • Sep 28, 2012 11:21am Sep 28, 2012 11:21am
Closed the short as it seems JPY wants to go up pre-maturely

Waiting for price to hit 78.15 to enter short again.
  • #16
  • Sep 30, 2012 11:20pm Sep 30, 2012 11:20pm
I have my doubts about hitting 78.20 region... so, I have entered my short at 77.88 with a TP of 76.65. We will see 78.20 soon but not before we hit 76.50 region I think.
  • #17
  • Oct 2, 2012 11:20pm Oct 2, 2012 11:20pm
Took a small ride from 78.02 to 78.17 for a small gain... I am now short at 78.17 with a target of 76.60
  • #18
  • Oct 18, 2012 7:46am Oct 18, 2012 7:46am
looks like you have been lazy to trade or to keep up with this thread, whats wrong bro?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #19
  • Oct 30, 2012 11:37am Oct 30, 2012 11:37am
best way to loose $10, i personaly think that $10 is way too small to trade with, its ridiculous, anything below $500 is not enough to trade with.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #20
  • Last Post: Nov 23, 2012 1:47pm Nov 23, 2012 1:47pm
Hi
Thanks for starting and maintaining this interesting thread. I am not a seasoned pro, but I think that 1000% monthly profit is somewhat unrealistic... It is all our minds: we start thinking big, then we inevitably fail...
0 traders viewing now