From $100 to $10k in 50 trades | Forex Factory

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Attachments: From $100 to $10k in 50 trades
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From $100 to $10k in 50 trades

  • #1
  • First Post: Edited May 4, 2013 2:17pm Apr 24, 2013 3:08pm | Edited May 4, 2013 2:17pm
Hello Everyone,

this will be an experiment. My goal is to make $10k, starting from $100.

No particular system, just price action trading using H4 and daily charts (candlestick patterns, S/R levels, pivots, trends). Only one trade open at a time, the risk is 10%/trade to get a reward somewhere between 10-20% per trade. If I loose my $100 (10 consecutive losses at worst), next month another $100 journey will begin...:-)

I will share my trades here. No time limit, no need to hurry...

----------------------------------------------------------------------
Weekly updates with numbers:

Started on 24.04.2013, starting balance: $100
Weekend on 26.04.2013, balance: $134
Weekend on 03.05.2013, balance: $30 (I think I will go all-in, and rethink my methods...:-))
  • #2
  • Apr 24, 2013 3:39pm Apr 24, 2013 3:39pm
Quoting uafx
Hello Everyone, this will be an experiment. My goal is to make $10k, starting from $100. No particular system, just price action trading using H4 and daily charts (candlestick patterns, S/R levels, pivots, trends). Only one trade open at a time, the risk is 10%/trade to get a reward somewhere between 10-20% per trade. If I loose my $100 (10 consecutive losses at worst), next month another $100 journey will begin...:-) I will share my trades here. No time limit, no need to hurry...
Good luck.
  • #3
  • Apr 24, 2013 3:43pm Apr 24, 2013 3:43pm
Quoting GDR3k
{quote} Good luck.
Thank you, I will do my best...:-)
  • #4
  • Apr 24, 2013 3:57pm Apr 24, 2013 3:57pm
Quoting uafx
Hello Everyone, this will be an experiment. My goal is to make $10k, starting from $100. No particular system, just price action trading using H4 and daily charts (candlestick patterns, S/R levels, pivots, trends). Only one trade open at a time, the risk is 10%/trade to get a reward somewhere between 10-20% per trade. If I loose my $100 (10 consecutive losses at worst), next month another $100 journey will begin...:-) I will share my trades here. No time limit, no need to hurry...
Yes, Good Luck!

You could activate Trade Explorer so it can then be transparent..... so much easier than spending time speaking with hind-sight.

Mine is here:

http://www.forexfactory.com/showthread.php?t=411690
  • #5
  • Edited Apr 25, 2013 8:18am Apr 24, 2013 3:58pm | Edited Apr 25, 2013 8:18am
Trade No. 1.:

EURUSD long at 1.30166 (H4 bullish pin, followed by a 2 bar bullish engulfing)
SL at 1.2950
TP somewhere between 1.3100-1.3150, depends on PA
  • #6
  • Edited Apr 25, 2013 8:18am Apr 24, 2013 4:03pm | Edited Apr 25, 2013 8:18am
Trade No. 2.:

USDCAD sell stop at 1.0245 (3 consecutive daily bearish pin)
SL at 1.03
TP at 1.0120
  • #7
  • Apr 24, 2013 4:13pm Apr 24, 2013 4:13pm
Quoting Forex Magic
{quote} Yes, Good Luck! You could activate Trade Explorer so it can then be transparent..... so much easier than spending time speaking with hind-sight. Mine is here: http://www.forexfactory.com/showthread.php?t=411690
Thank you too...:-)
Trade explorer? Not planned, but I will look after it...
  • #8
  • Apr 25, 2013 6:17am Apr 25, 2013 6:17am
Quoting uafx
Trade No. 1.: EURUSD long at 1.30166 (H4 bullish pin, followed by a 2 bar bullish engulfing) SL at 1.2950 TP somewhere between 1.3100-1.3150, depends on PA
Update on Trade 1:
SL moved to 1.3040, just below daily R1
  • #9
  • Edited 8:19am Apr 25, 2013 7:51am | Edited 8:19am
Quoting uafx
{quote} Update on Trade 1: SL moved to 1.3040, just below daily R1
Trade 1:
SL to 1.3060, to lock in some more profit

Edit:
Trade 1 closed at SL (1.3060), in 8.7% profit
  • #10
  • Apr 25, 2013 7:52am Apr 25, 2013 7:52am
Quoting uafx
Trade No. 2.: USDCAD sell stop at 1.0245 (3 consecutive daily bearish pin) SL at 1.03 TP at 1.0120
Trade 2 update:
SL to 1.0224, 20 pips profit locked
  • #11
  • Apr 25, 2013 8:20am Apr 25, 2013 8:20am
Trade No. 3.:

EURUSD short at 1.3060 (H4 bearish pin)
SL at 1.3100
TP at 1.2980
  • #12
  • Edited 9:06am Apr 25, 2013 8:42am | Edited 9:06am
Quoting uafx
Trade No. 3.: EURUSD short at 1.3060 (H4 bearish pin) SL at 1.3100 TP at 1.2980
Trade 3 update:
SL at BE+5, at 1.3055

Another update:
SL at 1.3035, TP modified to 1.2940, so R:R now 1:3
  • #13
  • Apr 25, 2013 4:20pm Apr 25, 2013 4:20pm
Trade No. 4.:

AUDUSD sell stop at 1.0270 (daily bearish pin and daily trend is down)
SL at 1.0340
TP at 1.0130
  • #14
  • Apr 25, 2013 4:23pm Apr 25, 2013 4:23pm
Trade No. 5.:

GBPJPY sell stop at 153.10 (2 consecutive bearish pin on H4, and doubletop forming on daily below 154)
SL at 154.00
TP at 151.30
  • #15
  • Apr 26, 2013 2:07am Apr 26, 2013 2:07am
Quoting uafx
Trade No. 5.: GBPJPY sell stop at 153.10 (2 consecutive bearish pin on H4, and doubletop forming on daily below 154) SL at 154.00 TP at 151.30
Update:
SL was moved to 152.50 this morning (Central European Time), and some minutes after it was hit, so:

Trade No. 5 closed in about 10% profit.
  • #16
  • Apr 26, 2013 2:10am Apr 26, 2013 2:10am
Quoting uafx
{quote} Trade 3 update: SL at BE+5, at 1.3055 Another update: SL at 1.3035, TP modified to 1.2940, so R:R now 1:3
Update:
SL was hit at 1.3035, so:

Trade No. 3. was closed at about 6.5% profit.
  • #17
  • Apr 26, 2013 2:13am Apr 26, 2013 2:13am
Trade No. 6.:

AUDUSD sell stop at 1.0305 (H4y bearish pin and daily trend is down)
SL at 1.0340
TP at 1.0130

Triggered this morning, so now it's a sell...:-)


(the other AUDUSD trade still valid, but nt triggered yet)
  • #18
  • Apr 26, 2013 3:24am Apr 26, 2013 3:24am
Quoting uafx
Trade No. 2.: USDCAD sell stop at 1.0245 (3 consecutive daily bearish pin) SL at 1.03 TP at 1.0120
Update:
SL was moved to 1.0204 this morning...

and it was hit, so:

Trade No. 2. closed with 8% profit.
  • #19
  • Apr 26, 2013 3:27am Apr 26, 2013 3:27am
Trade No. 7.:

USDCAD buy at 1.0204 (H4 bullish pin reversing the direction?)
SL at 1.0179
TP at 1.0250 (daily R1)
  • #20
  • Apr 26, 2013 4:05am Apr 26, 2013 4:05am
yup good stuff here seems legit and honest.. but i prefer if u put profit in pips not %.. just a thought

good luck
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