100 Fold Challenge -> Interested? TEST yourself

Hey ForexSaint <<< How Irony!

What is your favorite song sir?

Lets hear it... And well done of course,, >>>

1)Starting Equity 149,30
(2)Account Currency GBP
(3)Broker Name OANDA
(4)Leverage 50:1 - 100:1
(5)Trade Explorer Link http://www.forexfactory.com/saussiche

Let's do this.

Sign Me Up!

Starting Equity $2,500.00 - Target 2.5mm
Account Currency USD
Broker Name OANDA
Leverage 20:1
Trade Explorer Link http://www.forexfactory.com/capitulation/91

I repeat, believe me there is nothing special about the way i trade other than Basic patterns, Trendlines, Candles, Sup. & Res., . Thats all i think.
But i trade with some very good skills learned over the period of 4-5 years of immensely long time of watching PA on Time Frames like M5 to W1. I heavily use Charts on many TF's. I watch each and every tick when looking for entries.
Small TF charts are despised by many as being noise. There is noise but there is very Good PA to learn there if you can chaff out the noise.
You must have read many "old" ID's here talking about "We look at levels in Higher TF and then look for entries on lower TF". That is exactly based on same idea that Small TF PA actually tells a lot about LVL's (SUP & RES), Demand, Supply, etc, for taking the BEST ENTRIES and EXITS !
Another v.goodthing about a M5 TF chart than say a D1 TF chart is, one can learn the same thing in 5 minutes than in 1 day PA (Hope u get my drift; Noise of course has to be cleaned out to understand the PA and that comes with "screen-time" - i'm sure not the 1st 1 who talks about that word)

I remember i started out as a scalper on TF like M5. Believe me i made one of the broker go bonkers over making money scalping (No EA; everything Manual). I can still do the same. I have done that in past; heavily. But scalping is very taxing with many issues to be tamed (Time spent, Health/emotion taming, overtrading abuse control, hyper-quick decision making, etc). Over the year, i evolved to look for bigger moves. Bigger moves in direction of my larger TF BIAS, helps me scale in & mint good %age profits on my conventional trading accounts and of course they PAY HUGELY in accounts for 100/1000 fold challenge (which helps me hone my trading skills more)
(I also scalp but rarely for <10 pips. I even know someone who scalps 5-25 pips on sizes like 10-100 lots & spends most of his time enjoying other joys of life, he likes, with that money. (Thats the way he trades always; since last 5-7 yrs))
If someone asks me to select a better trader between 2 traders, with same Profits, in same period, with same starting equity, with one being a price action scalper & other a long TF trader, i would choose the scalper without any HESITATION (may be even if he makes bit less than the other trader). A scalper (PA based) lives the "Real" life with price action (of course there are different types of scalping & some aint actually about analysis & PA; i cant talk about those)

IMO i would not be wrong saying, on record here, that i learned more about PA, entries & exits, emotion management, trading such small accounts (this thread and before) than i learnt doing it with my conventional trading (There just aint too many trades doing the latter; so very less analysis is required relatively). Of course conventional MM has nothing to teach in former case, as its no way required/related based on the principles of "Free account" concept.

I have no other issues opening a new thread and talking about how i trade other than the fact that most people out here are pathetically thankless for the time spent by someone to just share (and may be teach) the way they trade. They will in fact start questioning the intentions, strategy, ask for proof's, etc (as if i am their parents slave for next 7 lifetimes)
Indeed there is so much noise (again) out there with threads spawned with every other shitty strategy out here (stuff similar to my dog barks,i buy; my Cat meow's, i sell; my parrot farts, i modify orders).... but there are many good (at least worth reading) threads too

Further and more importantly (as i dont give a darn f*** about such people; my thread mostly have clearly written rules), as i mentioned its all about what i have learned seeing that PA. I can talk about what i see,
what patterns i am looking for,
where i see the price going and placing pending orders there or waiting for price to actually show what it does to those levels (Demand and supply) and placing market orders
what basic stuff i use on mt4
how i place orders...etc etc...
but its not a easy job first. 2nd people wud not understand easily. They at least need half of the time i spent watching charts.
Think about my Risk:Reward doing it (i think that way). People wud say, do it for helping others, share. Well to that i wud say i have already spent many posts here sharing and helping others on other things (of course that time spent might be tiny relative to other helping guys out there but still)

Saying that, i still have posted my charts many times before. And still planning to post the same in 100 to 0.1 million thread
Of course they wont be some pearls of wisdom but just some more, simple charts and analysis. That's it.

Thanks tao
But this is not about demo money. May be someone can start a "100 Fold DEMO Challenge -> Interested? TEST yoursel" thread ..lol
But even in that case, i am sure, it would not be that easy to make 100 fold.
One IMP issue would be the thread owner wud have to spare too much time updating new participants/attempts & Demo money is like Big Ben's Quantitative easing.. it just never ends


P.S.
- And yes, price prediction Excel and stuff... such things amaze me but only till they fail the next day
If something works for you there, don't forget to share me being your your online colleague
- Also kindly no more talk about demo money here (against thread rules). Feel free to Pm about that. Also feel free to participate with a small live account.

Did you read the thread rules?
I fully understand what the motive behind the post of yours, esp. not at start of week.
I love that when people feel like that esp the so called "experienced traders"

Still.... i would let u know my favorite song
Love it.








P.S.
1. I might not report this unrelated post for deletion , bcoz i want people to watch/listen this song
& of course this is very SYNONYMOUS with our very special "Hall of Fame-Trader List"
I am sure more people wud like it (& gimme this leeway against T.rules)

2. If you were not being sarcastic ((i know what was "IRONICAL"), its OK & that is why i still answered your query & very humbly(which i am not, usually, to posters breaking T.rules)

3. Kindly no more posts about it. You are welcome to post and participate in the challenge though

I hope you remember you have been disqualified before for depositing money in account.
Real Rule "Q" again and "either post P/L details of previous attempt or confirm a busted account."
I need to update the P/L stats of previous attempt in the first post before changing your status to "Re-Allowed" (Rule Q, point (2))
Sorry but gotta follow rules for all.

Alright capitulation. Your stats have been updated in first post & you are live already
Trade well

@participants
Live with Next attempt .
Starting Equity: 100 USD
Target Equity: 10000 USD
Broker: Instaforex
Leverage(max): 1000:1
Trade Explorer : www.forexfactory.com/forexsaint/00
Stats updated

This time there are few new changes.
Given that fact that i love to tame the leverage, was looking for some mt4 shops with greater leverage (kinda indirectly saves times costs of trading such accounts). I dont know much about the practices (esp. illegal) about this broker but as of now its looks fine except its a nightmare for scalpers with >3 pip spread on pairs like EU. I am yet to see how the withdrawals go (mixed reviews on net). Hell, worth a try. (just saw a broker with 2000:1 ..... lol)


P.S.
Now time to reply to the biggies... The Tudor jones's, W.buffet' s, George soros's ...who are posting comments on my profile. I am/will indeed remain indebted to them

Ah ok you can list it as blown up or 40% drawdown. Thanks

I would like to cancel my first attempt with this contest and start over. I am employing a different risk strategy which should result in a smoother equity curve with similar growth to what I was having before this past week.

100 Fold Challenge contest entry attempt #2:

Starting Equity: $102.03
Account Currency: USD
Broker Name: Oanda
Leverage: Max 50:1
Trade Explorer Link: http://www.forexfactory.com/jwpdad#79

100 Fold Challenge contest entry:

Starting Equity: $246
Account Currency: USD
Broker Name: Oanda
Leverage: Max 50:1

Link to account: http://www.forexfactory.com/tfp_39

Ok, in absence of any trade explorer date or proof, the previous attempt is taken as blown-up and stats updated.,
New attempt stats also updated. . Also do keep in mind that disqualification is only done twice to one trader (just in case that matters to you)
Trade well

@participants
- All weekend updates have been done
- Still volatility galore esp on majors> These markets are heaven for volatility traders.
- Last attempt down the drain checking something with margin rules on the "PUREST" bucket shop ever i used...
Not sure will continue there (deposit issues & PATHETIC support ever). IMO these junks not gonna allow 1000% profit withdrawals, leave the 10000% part .
Further, that leverage of 1000:1 is not actually 1000:1. They have some mini lots being allowed as standard lots and some margin rules are skewed.
Another imp. thing, a deposit of ~14 USD in this attempt is not a DEPOSIT (against rules). Its a trade rebate from broker itself (as the account was opened through a rebate provider). Its just like those Oanda accounts, who get interest deposits regularly! Just to clarify

@ 28) Jack_Larkin
As you were commercialized and trade explorers and other stuff stripped off your profile, looks like it wont be possible for you to continue here.
As per the email i received from you....

& also the latest update, it feels as if you wont be able to continue (you still having issues)
In such circumstances i will update your status to "Withdrew" and not "Disqualified" but only if you send me the current equity details of the attempt (i gotta update that)
Good luck with your endeavors though. Trade well

@jwpdad
Alright. But gotta first update 1st attempt P/L details as per RULE Q (1)
So, its the same account & P/L on last attempt is -98.75... right?

@tfp_39
Alright tfp_39. Hope you have read all the rules carefully.
Your stats have been updated in first post
http://www.forexfactory.com/tfp_39/23
& you are live now. Trade well

Yes, that is correct.

I have a similar concept to your free account, but mine is funded by a portion of main account profit. Let say yesterday your main account gain 1k, then you open a $100 account and trade it with massive leverage. After it grow then you transfer back the profit to your main account, it is either multiply your profit of gave it back some to market. It could be categorized as free account from the start, but I will draw the initial amount to comply with your concept of free account.

So, lets see how far I could go with this account.

(1)Starting Equity : $100
(2)Account Currency : USD
(3)Broker Name : Admiral Markets
(4)Leverage : 1:500
(5)Trade Explorer Link : http://www.forexfactory.com/passerby

@participants
- All weekend updates have been done
- I think this week would either be a rang-bound crap or a big move generator (esp. for USDX, EUR & JPY pairs) . Lets WnWatch

- On the side note, last week, i converted $100 to $1 Million in just 7 days & ~ 700 trades. Here is that ->thread and proof<- and more details

Lets WnW


@jack_larkin
As per the email received(below), equity details have been updated and your status changed to "Withdrew" as requested.


@Jwpdad
Alright, stats updated(already)

@Passerby
Alright. Your explorer link is http://www.forexfactory.com/passerby/38
Your stats have been updated in first post, & you are live already.
Hope you have read all the rules carefully.

Trade well

@Participants
Live with next attempt .
Starting Equity: 98.69 USD
Target Equity: 9869 USD
Broker: Fxpro
Leverage(max): 500:1
Trade Explorer : www.forexfactory.com/forexsaint/35

Stats updated

Thx,

U got me good there, damn! Hope market didn't do that today.

GU still showed strenght, not giving me chance to add another long.

Btw, is it possible to "transfer" the account? au and ej has 5 pips spread on this account. It just too much, my main account on thesame broker only has 0.3-0.5 pips spread on those pairs.

This will be my "fun" account to try out new things - mainly more aggressive trading on shorter time-frames.
Interesting to see if it can withstand the extra noise of the smaller time-frames and the rigorousness of the 100 Fold Challenge...

1) Starting Equity: $400
2) Account Currency: USD
3) Broker Name: MB Trading
4) Leverage: Max 50:1
5) *Link to Trade Explorer: http://www.forexfactory.com/kokopelli
* Trade Explorer is fully visible to Forexsaint and those on my Buddy List.



Good luck to me!!!

Burned! I should not trade on April Fool. Too much leverage used, but the key point of this attemps is there. My main account which take similar trade but use much lesser leverage and better entry is on the green.



I will try again after I could find a way to move some of my fund to other brokers with better spread*, 5 pips spread for AU is too much (and if those open trade did generate expected profit to fund my second attempt here).

Edit:
*Seems that I could use skrill since the broker on the other side support this payment method.

I'm two months short of your FF membership rule, so hopefully you can accept my entry as exception.

1. Starting Equity: $303 (Custom Start from Monday April 8th).
2. Account Currency: USD.
3. Broker Name: Armada Markets.
4. Max Leverage: 100:1
5. Link to TradeExplorer: http://www.forexfactory.com/anyone#95-report

lol . Regarding transfer and other stuff, it would be considered a new attempt (as per Rule P & Q)
Welcome kokopelli. I advise reading the rules carefully.
Further trade explorer has to be made visible to all and not just Forexsaint/buddy list.
Your stats have been updated in First post but till above thing is corrected, your status will remain "Pending"
Indeed high leverage kills @same speed as it makes profits. Managing trade/s on high leverage is one of the most difficult things around (more of a emotional management though).
Similarly, i am earning good %age profits on 2 of my conventional trading acc's, with my pre-mentioned EURUSD bias playing out (after the chop) but the Attempt account is toast after being up >1300% (float). Thats the way it is ..the tricky part with leverage.
Sorry...but no exception to rules. Rules are rules.
You can come back after 2 months. I am sure 2 months dont matter to a challenge which is not so easy to complete.

@participants
- All weekend updates have been done (already)
- Don't think this week would be as interesting as last one but as expected last week was a big move generator (esp. for USDX, EUR & JPY pairs).
This month would be a important month overall.
Lets WnW