My way to €100,000 | Forex Factory

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My way to €100,000

  • #1
  • First Post: Edited Feb 22, 2014 4:32am Mar 11, 2013 10:53pm | Edited Feb 22, 2014 4:32am
Trade explorer: I have opened a demo (week 3 2014) account where I copy all trades placed on the live account at Dukascopy. This way it´s possible to see the stats in a better way. And fun to show all visitors reading my thread.


[email protected] if u want to join a winning team where you will get training to beat the market with highest probability.
Price: 200€/year. I just want winners in the team with winning attitude.

I will talk to you via skype or phone. Explain how I trade. I will show you examples. I will learn you all the steps. I want to learn you as it will bring the team more ideas and eventually greater trades.
We have set up a dropbox where we put all printscreens and update the textdocuments why we took the trades.

If you have any questions, just send a e-mail.
  • #2
  • Edited Mar 13, 2013 8:16pm Mar 12, 2013 9:42pm | Edited Mar 13, 2013 8:16pm
XAUUSD BUY @ 1578.94

| March 11th, 2013

Entry: 1578.94
SL: 1.65
TP: Open
Time and date of order: 00:01 11/3/2013
Next time to check: 00:01 12/3/2013
Result: +779€ , +1030 pips , +16%
Reason for close before TP hit: It does not look very bullish anymore. Might open a order again. Had to take a break from this order and analyze.
Account balance before entry: 4850€
Account balance at closure: 5629€
Date and time at closure: 17:26 GMT 13/3/2013

Changes made on the order:
13/3 02:44 GMT: Changed SL from 1560 to 1578.94. This means I will at worse get +-0.
  • #3
  • Mar 13, 2013 3:14am Mar 13, 2013 3:14am
Quoting growingeuro
XAUUSD BUY @ 1578.94

| March 11th, 2013

Entry: 1578.94
SL: 1560
TP: 1634
Time and date of order: 00:01 11/3/2013
Next time to check: 00:01 12/3/2013
Result:
Reason for close before TP hit:
Account balance before entry: 4850€
Account balance at closure:
Date and time at closure:

Changes made on the order:
13/3 02:44 GMT: Changed SL from 1560 to 1578.94. This means I will at worse get +-0.
Keep it up and give continue updates.

All the best .
  • #4
  • Mar 13, 2013 3:16am Mar 13, 2013 3:16am
Quoting mpradeep
Keep it up and give continue updates.

All the best .
Thank you. Will try to log all orders here directly after placing the actual orders.
All the best to you too.
  • #5
  • Mar 13, 2013 3:27am Mar 13, 2013 3:27am
What is your trading method mate ? Looks like you are trading higher time frames ?
  • #6
  • Mar 13, 2013 7:14am Mar 13, 2013 7:14am
Quoting Alanamc
What is your trading method mate ? Looks like you are trading higher time frames ?
Hi Alanmc,
I´m trading higher timeframes. I try to keep an order open for at least 1-5 days. Aiming for several hundreds of pips on the majors on each trade. If I see that the trade will go against me I will close the trade. Even if I´m green. I will relieve all details about my method when I either have 0€ or 100.00€ in account balance. I´m not sure if my trading method works yet. I don´t want anyone to try it before I am finnished. Also the biggest reason why I don´t tell you is that becuase I dont want anyone to disturb my trading method with inputs that will affect my decisions. I go for my strategy 100% now and dont want anyone to comment the strategy as I can start being unsecure about my trades. But this journey will probably go fast. Within a year I should be at 0€ or 100.000€. Then I promise I will relieve all my strategy.

Hope you understand and respect.
  • #7
  • Mar 13, 2013 10:04am Mar 13, 2013 10:04am
Sounds like we share a strategy there esp. on longer time frames and the large pip target.
Keep developing it and keep posting.
You should not expose your trading system to the public unless you want to see someone
prove to you ( theoretically) how that system never works.

ION what's that background on your site? MS DOS like.......
Danny
  • #8
  • Mar 13, 2013 2:39pm Mar 13, 2013 2:39pm
Quoting Danny Maina
Sounds like we share a strategy there esp. on longer time frames and the large pip target.
Keep developing it and keep posting.
You should not expose your trading system to the public unless you want to see someone
prove to you ( theoretically) how that system never works.

ION what's that background on your site? MS DOS like.......
Danny
Hi Danny, thanks for the feedback. I agree with you. I see no point to tell anyone about the system before I know if it works or not. Just waste of energy for you guys out there.

The template I´m using is ASCII, I love the design.
  • #9
  • Mar 13, 2013 2:42pm Mar 13, 2013 2:42pm
I took TP of the XAUUSD BUY @ 1578.94. You can see the result on the earlier post from yesterday or by clicking the blue text in this post.
  • #10
  • Mar 13, 2013 2:51pm Mar 13, 2013 2:51pm
Good luck to you. Don't ever let anyone tell you this can't be done.



I'm not sure if I skipped over this but what is your average risk per trade, average leverage per trade, maximum risk tolerance per day and per month?

How long do you intend this to take? 1 year? 3 years? 5?

Also, posting a trade explorer would be nice so we can see what types of trades you take!



Green pips to you!
"Trade Small, Trade Often."
  • #11
  • Edited 8:00pm Mar 13, 2013 3:05pm | Edited 8:00pm
Quoting TheBeastFX
Good luck to you. Don't ever let anyone tell you this can't be done.



I'm not sure if I skipped over this but what is your average risk per trade, average leverage per trade, maximum risk tolerance per day and per month?

How long do you intend this to take?

Also, posting a trade explorer would be nice so we can see what types of trades you take!



Green pips to you!
Hello TheBeastFX, and thanks for the feedback. The risk was around 20% on the last order. But I thought it was around 90% chance that it would go up, which it also did.
I also change an order. For example if I can see that the order is not very bullish then I will lower the risk a lot. But it all depends on how many pips I´m aiming for.

My maximum risk of the month depends on the account balance. At this stage where I don´t have very much. I would say I would risk it all in a month. Reason for this is because I have a income as I have a job.

I don´t know how long this will take. It depends on the market. But I think it will be 1-2 years maximum. As I have an agressive style.

Unfortuantely, I can´t use the trade explorer as my broker is not in the list. But I will log the order here immediately after entry on the live account.

I use 1:200 leverage. Last order I used it to about 10%.

Green pips to you too!
  • #12
  • Edited 10:04pm Mar 13, 2013 4:30pm | Edited 10:04pm
EURSEK BUY @ 8.3310

| March 13th, 2013

Entry: 8.3310
SL: 8.1640
TP: 8.4280
Time and date of order: 21:27 13/3/2013
Next time to check: 18:00 14/3/2013
Result:
Reason for close before TP hit:
Account balance before entry: 5629€
Account balance at closure:
Date and time at closure:
  • #13
  • Edited 7:58pm Mar 14, 2013 5:59pm | Edited 7:58pm
Changes made on the EURSEK BUY @ 8.3310 order:
15/3 00:48 GMT: Entered a "Short" order at 8.37478 to lower the overall "Long" lot size.
  • #14
  • Mar 14, 2013 7:31pm Mar 14, 2013 7:31pm
Quoting growingeuro
+400pips at the moment on EURSEK. Will keep it for another 12h at least.
Fantastic...

I like the way you log each trade with notes and account balance details.

S/L in the money for sure on that one, yeah?
"Trade Small, Trade Often."
  • #15
  • Mar 14, 2013 8:46pm Mar 14, 2013 8:46pm
Quoting TheBeastFX
Fantastic...

I like the way you log each trade with notes and account balance details.

S/L in the money for sure on that one, yeah?
Yes. I will profit on this trade. At least around 400€ if it crashes.

I agree, it´s very nice logged. I want it to be easy for me and others to see what I have done.
  • #16
  • Edited Mar 15, 2013 2:45am Mar 14, 2013 9:46pm | Edited Mar 15, 2013 2:45am
GBPUSD BUY @ 1.50925

| March 15th, 2013

Entry: 1.50925
SL: 1.4820
TP: 1.5340
Time and date of order: 02:45 15/3/2013
Next time to check: 18:00 16/3/2013
Result: +42€ , +37 pips , +0.6%
Reason for close before TP hit: It´s friday and I´m stressed. And I dont like this trade anymore. Might enter again if it retraces about 250 pips.
Account balance before entry: 6250€
Account balance at closure: 6292€
Date and time at closure: 07:40 GMT 15/3 2013
  • #17
  • Mar 15, 2013 3:01am Mar 15, 2013 3:01am
Took TP of GBPUSD order. Feeling stressed and need to take a break from new trades as I´m loosing focus.
Will keep EURSEK running the whole day and probably some days in to next week.
  • #18
  • Mar 15, 2013 9:44am Mar 15, 2013 9:44am
Quoting growingeuro
Took TP of GBPUSD order. Feeling stressed and need to take a break from new trades as I´m loosing focus.
Will keep EURSEK running the whole day and probably some days in to next week.
@growingeuro
I looked at your stop loss and take profit levels for GBP/USD....why place then that far
and then end up taking profit too soon? Calm down, lower your target..esp SL and you
should be fine...after all you seem to to be fairing on quite well.

Danny
  • #19
  • Edited 8:09pm Mar 15, 2013 7:46pm | Edited 8:09pm
Quoting Danny Maina
@growingeuro
I looked at your stop loss and take profit levels for GBP/USD....why place then that far
and then end up taking profit too soon? Calm down, lower your target..esp SL and you
should be fine...after all you seem to to be fairing on quite well.

Danny

Hi Danny Maina, thanks for the feedback.

I closed the order as I started to feel it was not good enough. I was pretty sure it was going to bounce up around that area. I also have EURSEK still running and I prefer to only have one pair running at a time. I have felt a little bit unfocused and stressed the last days. It will be nice with some rest during the weekend now

Regarding the SL, I feel it was good SL position. If I would enter a order now I would put it even lower. I´m not trading for small amounts of pips and "tight SL".
  • #20
  • Edited Mar 18, 2013 5:28am Mar 17, 2013 9:13pm | Edited Mar 18, 2013 5:28am
Enterded orders:

USDSEK BUY @ 6.45768

| March 18th, 2013
SL: 6.26270
TP: Open


EURCHF BUY @ 1.17169

| March 18th, 2013

Entry: 1.17169
SL: 1.970
TP: Open
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