100 Fold Challenge -> Interested? TEST yourself

@Participants
Live with next attempt .
Starting Equity: 98.61 USD
Target Equity: 9861 USD
Broker: Fxpro
Leverage(max): 500:1
Trade Explorer : www.forexfactory.com/forexsaint/23



P.S. (2morrow actually) a very sought after "BBB Day" (Baby Bernanke Babble Day)
Lets WnWatch

tomorrow should be great for some high risk trading

good luck to you



recently i have been trying something and its working pretty well

make one good trade per day, SL 50 TP 25 (or whatever you want really, i just use 2:1 risk reward) with 100:1 leverage

if you have 10 winners in a row (2 weeks straight) then withdraw half of profit and keep going.

really there is no reason to start with more than $100 when trying this.

10 days of straight winners will gain 900%.



i may consider adding my explorer here... although it does add a lot of pressure.

money > ego really

even if not ego... money > showing everyone else my account


if i actually do 100 fold it, then i will post the explorer here. when the pressure is off

Firstly,
whats up with FF's constantly changing new post toolbar and other stuff? Every fortnight, i see a new feel(and then wasting time getting to use all the functions)?? Come on guys make up your mind and implement it for good amount of time.

@Participants
- All weekend updates have been done.
- So the "BBB" Day was in fact a MOVER and the move (after the chop) actually followed up in 1 direction making pairs like USDCHF retrace(or reverse?) 230+pips. As expected the babbler kept all options on the table including inflating the trillion-centimeter sized balloon further and made all people wondering.
- Last attempt started good with 2X but ended before the babble , thanking to EURGBP on steroids. Was looking for expected retrace which mainly came on Friday.
- GBPUSD: Price has, as expected and posted, retraced back up to 1.5140's . Overall BIAS remains bearish and would still looking to Short as long as 1.5350-or the age old 1.54 LVL is taken over again by Bulls.
- EURGBP: As expected and posted, this week came the Big POP of 150+pips,i was waiting for (large for a pair like EURGBP;watch its avg. ATR) (Personally booked mentioned longs~8565's and can look to re-enter around 8500-8510(depends upon PA though)) . NOTE: it can still be a fake break of bullish wedge.
- USDCHF: This one also as expected as posted. 9780 (Gr1A), 9800(Gr1A) & 9810(Gr2AAA) were very nice levels to load shorts
. HOW was 9835 and LOW was 9590 . Do expected a Retrace . 9710 would be another IMP LVL to negotiate now for Bulls.
- EURUSD's Buy on dip mode was good for this week. LOW was 1.2818 only though . All other patterns and LVL's remain same with an Inside Weekly Candle formed and non-correlation weakening with USDCHF once again.
- On the side note last week,
GBPCHF went nicely low with 250+ pips &
GBPJPY & EURJPY and of course USDJPY enjoyed the good tanking with the former moving ~500pips (personally missed most of the move of yen pairs)


Though R:R of 2:1 is not a bad thing here and neither i think R:R has much role (depends; there are just too many other factors)), the difficult part here is "10 winners in a row (2 weeks straight)", & if one can be that consistent , why not go for more leverage (& may be more starting equity). So as always its tricky and depends upon risk profile and variety of trader(and his/her trading)
If i understand the statement right, i don't agree how ego gets in trading such small accounts (and loosing/making money).
I though agree with the pressure part (there are various reasons for pressure). For Most traders, there would be some kind of pressure keeping their explorer public(degree of pressure varies) & trading such accounts publically for making profit %age's like 10000%. Personally that has helped me (on some things)
Well, all rules are clearly written regarding this challenge and part of past results to be a part of this challenge has also been clarified i.e they don't apply.
One needs to be hop in with starting equity and %age profits are counted thereafter. Else i would have some 5 entries to Hall of Fame List by now and a quite good Net P/L statistic too.
Anyway good luck with your try. Trade well.
Regards


P.S. As you are not participating, if you want to talk more about other stuff, PM me. I have to follow thread rules too.

@Participants
- All weekend updates have been done.
- Very nice, volatile week last one. Personally loved it(with many pips)
- GBPUSD: Well post 1.5140 break on upside, it triggered good amount of bear stops till 1.5240's. (esp abv 1.52)
Still the overall BIAS remains same> bearish and add shorts on any rise applies, as long as 1.5350-or the age old 1.54 LVL is taken over again by Bulls.
- EURGBP: This pair is acting WEIRD and for me its the "SHITTIEST" pair to trade since may 22nd (not for scalpers though), doing ping-pong in some 60-80 pip range. My BIAS still remains BEARISH (& quite bearish below 8500) esp. when we can see 4 failed retries to clear 8600 level
- USDCHF: 9710 remained a IMP LVL to negotiate for Bulls & when it was taken out HOW was made till 9790's. Still the BEARISH bias remained and kicked backed down to last week lows . Again a retrace and heavy selling took out 9600 effectively and 9520-9500 remained a DEMAND zone (esp. end of week demand on friday). Going into next week i think upside till 9650's as well as downside chop till 9450's is a possibility.
- EURUSD's Buy on dip mode was great this week. Mentioned Inside Bar On W1 TF formed broke to upside @1.3 It was a very IMP RES to be taken out with stops triggering above & zooming to 1.3060 instantly. Comments from italy kicked it back down till 2950's and then after an intermediate chop (US data releases)went back up to same 1.30 @ weekend.
IMO this pair gonna range for a while(crystal clear from D1 & W1 TF chart patterns) On downside, as mentioned 1.2650-1.26 breach remains the "all-bull" extinction Zone. On upside 1.3250(previous swing high will remain a Big RESistance. Further there are multiple RES in between esp 1.3090. 1.3050 itself. Bias remains sell-on rise till then.
- GBPJPY, EURJPY are indeed nice yet very volatile pairs to trade. I am trying to get a handle of these esp. EURJPY to start with, into my trading. Lets c how it pans out

Will try to roll in this (mid of)week. Overall, i see good opportunities coming up in 2nd half of this YEAR (may be very good for large TF traders)
Lets WnW

@Participants
Live with next attempt .
Starting Equity: 101.22 USD
Target Equity: 10122 USD
Broker: Fxpro
Leverage(max): 500:1
Trade Explorer : www.forexfactory.com/forexsaint/23

@Participants
- All weekend updates have been done.
- What a SUPER-DUPER-VOLATILE week it was for majors esp pairs like EURUSD & GBPUSD & most Yen pairs > Very rare are the days like THURSDAY. Though personally loved/made pips on Friday only
- Last attempt down the drain (lot before the volatility came howling in)
- GBPUSD: what to say (was leading the EURUSD). As soon as that mentioned 1.54 (esp 1.5410)was taken, a halt @ 1.5460's and then that straight zooming to ~1.5680's. Bears murdered level after LVL post 1.54 break. Personally dont have any BIAS (NOT BULLISH though a 200 pips retrace already happened post that rocket launch). I only think of a RANGE forming 1.57-1.54. BEARISH BIAS would start building up if this goes below 1.54 again esp if breaks 1.5350 and MOST IMPORTANTLY 1.5250's !
- EURUSD and another rocket LAUNCH. Mentioned 1.3250 was broken to test 1.3300 too But it still REMAINS a RESISTANCE (clearly looking at small TF PA) .Higher TF BIAS Remains SHORT for me (except if Bernanke pulls out something special again; Dont see anything happening on Eurozone front; See only bad news in store)
- EURGBP: Almost last post. 8450 now looks a possibility. Major TL support there too, if breaks can see some good Downside say to same old 8420's-8400
- USDCHF: Ah ...what a tanking on monthly candle (almost complete retrace)> (500 acted good SUP for some time, Then came the 9400 which acted for a longer time and then came the bang down taking 9300 in no time. 9250 remains a IMP Demand SUP Zone(even though Spike lows of 9225 were seen)
Except there is something more morbid on the US data (recovery front) or change of views on tapering front (next FOMC, etc) , possible scenario is 9400 Retracement and some ranging and may be a retest of lows. On upside, any break above 9550's would make BULLS charged again to test same old 9666 and if Breaks&Holds, 9960's(2nd last swing highs)

Lets WnW

@Thepipster
The post you are replying too is gone (hayseed prolly changed his mind). Anyway, as its not allowed under thread rules, so gotta report for deletion.
Regards

Hi ForexSaint,

I want to join this challenge.

1. Starting Equity: 1233 USD
2. Account Currency: USD
3. Broker Name: EXNESS
4. Max Leverage: 1000:1
5: Trade Explorer: http://www.forexfactory.com/lo-trader#44

Plz let me know if you need more details

Thanks,
LO-Trader

@ LO-Trader
Alright. Your stats have been updated in first post & you are listed @ serial no. 40.
Kindly change your custom date to June 9 (Read Rule "R" about how do do it)
Trade well.

@Participants
Live with next attempt .
Starting Equity: 20 USD
Target Equity: 2000 USD
Broker: Fxpro
Leverage(max): 500:1
Trade Explorer : www.forexfactory.com/forexsaint/35


P.S.
(20$ is minimum margin required to open least sized position (that too on some pairs only) with this broker)

Oops
Weekend stats update got delayed. Will do soon.

Volatility likely soon in major pairs; VERY Important week and coming

@Participants
- Sorry for not being able to update stats . On same day of my last post i suffered a health issue & have been "almost" offline since then
- All weekend updates have been done
- Another couple of SUPER-VOLATILE weeks not only for for majors esp pairs like EURUSD, GBPUSD, USDCAD & Yen pairs but
- Last attempt down the drain (lot before the volatility came howling in)
- GBPUSD: BEARISH BIAS playes out well for till 1.5160's when 1.54 was taken out . 1.5350 was another important LVL & the most important was 1.5250's for me, which is as of now acting as SUP turned RES LVL
- EURUSD Higher TF BIAS SHORT played out perfectly for some 400+ pips me . Was looking for 1.3410-1.3420's as posted in another thread
- EURGBP: This pair still is the the "SHITTIEST" pair to trade since may 22nd (not for scalpers though), as already mentioned. *600 again is tried for and kicked down hard once again. Pathetic pair for me since then, at least. Overall i am BEARISH for 8400 (and 83-82 even)if still cant take out 8600
- USDCHF: not tracking but very good PA in play.

Been not in touch much (health issue as mentioned) so not much levels or info to post.
Overall, as already mentioned, IMO 2nd half of the year and coming would be very Good for volatility &major moves (september is next afa USDX is concerned)
Lets WnW

Yes that seems to have hit me as I signed in this challenge, if you can remember I was having a cool trend just before being here and then following months were going to the bottom of my account real fast, but it seems I am getting used to it and am without a doubt at least a little better then I was Having a nice recovery in the last two months from about 500$ to 1500$.

I say: have a strategy and stick to it

I am bulish USDCAD and mostly trading this pair these days as it fits my schedule best.

Yeah i saw your equity curve when updating stats last time. There is definitely a possibility of public-pressure related trading-habit changes.
Any way its good that you have adjusted and back on track (if you believe your trading has got a sound profitable edge) & if you continue to do so, you would soon overcome another emotion/pysche related obstacle. Best of luck.

One of the MAIN reasons for keeping this thread lay low & not bumping this thread with un-necessary posts and not allowing the same by laying down CLEAR RULES,
was to make sure participants don't itch to go by the publicity of this thread & dont make haphazard attempts/trading decisions/posts etc to gain attention or allied stuff &
those interested to participate also don't think that the 100 fold target is too easy (also given the stats(till now) in participant list)

Thanks kinky but do i know you? Dont think so and you aint a participant either.
Anyway i have to report your post for deletion, as per thread rules.
If have anything related to say, feel free to PM me (not here)
Regards

1. Starting Equity: 800
2. Account Currency: USA
3. Broker Name: IBFX US
4. Leverage: 1:50
5. Trader Explore Link: http://www.forexfactory.com/chi/55

Thanks

Alright Chi . Welcome.
Your stats have been updated in first post & you are listed @ serial no. 41.
But looks like you have made your explorer private as i cant see the same.
Under rules, you need to at least keep it public over weekends (esp. sunday) .
Till then your status would remain "Pending"
Regards


@Participants
- All weekend updates have been done
- Another IMP week of good moves all around !
- GBPUSD: Carney started its Carnage & then NFP. BEARISH BIAS continues as expected and posted past break of IMP LVL 1.5250's (Gr.1AA). 1.4850's was the week lows and it itself a good SUP zone (Gr.1A). Next very IMP SUP lies @ 1.4770-80 (Gr.1AAA) and with its break with same momentum, 1.44 is next major SUP (except if some US data ruins the taper-delight(which is more of a retirement plan by bernanke))
For me 1.5605 is now the No Man's Land. Bull/Bears rule above/below.
- EURUSD Here Draghi started the dragon hunting (Forward guidance & -ve rate talk) & then NFP.
BEARISH BIAS still playing out; 600+ pips+ since highs. 1.2800 done Very(-VERY) good PA on higher TF charts (deserve posting ;will try to if can).
On W1 TF, currently a fully formed bearish HnS every Tom, dick and harry is talking about. But the real info is in MN TF chart. If love charting and PA, look at it (u r missing something).
For me 1.3305 is now the No Man's Land. Bull/Bears rule above/below. I am not sure though that it can follow through below without any retrace. Looks a bit of retrace is likely (except if portugal or italy start some autolysis talk)
- EURGBP: This pair still almost the same. "SHITTIEST" pair to trade since may 22nd (Actually since 18th march). 8600 on charts some n'th time & look @ that H1 TF candle zooming to 8632 & retrace back down instantly to 8548 (MAJOR Supply)
Though looks like its destined to take out 8636 (April Highs) esp. as again back above 8600, i am still not sure whether it can march ahead (8700 another major sweet LVL). Will remain out of this shitty chop for a while.
- USDCHF: tracking but running out of time writing all above. later.

Feel this coming week would be a more of a relatively dead one
Would again repeat about 2nd half of this year being a adobe of good volatile money making moves IMO (waiting for september)
Lets WnW

@Participants
- All weekend updates have been done
- Al2cand a nice comeback there & now leading the list. Trade well.
- Another IMP week of volatile moves (thanks to Bernanke Babbling) though i expected this week to be a relatively dead one.
- EURUSD NML (No Man's Land) Level 1.3305 remains the same and so is the BIAS till its taken out. Can be a good short on rise opportunity.
- GBPUSD NML LVL 1.5605 remains the same and so is the BIAS till its taken out. Can be a good short on rise opportunity.
- EURGBP At last its breaking out of range and took out 8600 effectively.(though with a lot of chop).
Last weeks high is 8693 and as posted before 8700 remains a IMP RES level. BIAS remains same for lower levels 8400 and below till 8800 is taken out.
NML LVL would be 8700 IMO
- USDCHF Forming contracting Triangle consolidation on W1 TF. Any break above previous swing high 9838 would be deadly for Bears and below 9130 for bulls.
Personal BIAS remains LONG with current levels good for buy on dips, like 9400. There is a still lot of room in this triangle and wont be surprised if range-bound chop continues.
- Been lately interested in AUDUSD and Yen PAIRS like EURJPY and GBJPY. Would start posting about them

Lets WnW

@participants

There is a correction to the stats of LO-Trader (thanks for the PM). He had 2 withdrawals (which were missed while doing calculations of stats)
Now correct and the leading trader has accordingly changed.
Good work LO . Trade well.

Hello!

I lost my regular job... LOL, i'm a fulltime trader!

I would like to start my 5th attempt:


1. Starting Equity: €18.92, target: €1892
2. Account Currency: EUR
3. Broker Name: XM.
4. Max Leverage: 888:1
5. Link to TradeExplorer: http://www.forexfactory.com/bowforex#06-report

Thank You forexsaint! Green pips for All!

Not sure whether to congratulate you for being full time trader or be sad that you lost your job. But wish you to trade well.
Your stats have been updated BUT your starting equity will be Eur 54.22(Current levels) and not 18.92
Results before participating are not part of this challenge, in case you missed that.
Trade well.


@Participants
- All weekend updates have been done
- Most pairs i discuss were in chop. GBPUSD, EURGBP (back to IMP LVL) AUDUSD showed some moves . Been busy . Nothing much to update
- Yen pairs gonna press on the pedal this week, after these election results in japan. Volatility assured
Let WnW

We'll see, is it good or not...
Thank You forexsaint, ok, my starting equity is Eur 54.22.