SAINT's Free Account Concept- $100 to $0.1 Million - Attempt Journal

AUDUSD at 8980 a good price inflection reversal LVL IMO. Went to 9021 and back to 8980 again (only 8990 was expected; 10 pips overshoot downwards)
Will try to post a chart
Last attempt gone after being in 300% profit float (@9021), New attempt on. Will update in a bit

Lets WnWatch whether it holds and plays out or not


EDIT.
As posted, Update 23, 24 and 25 done in 1st post (didnt get time to post updates)
AUD longs were again taken @ 8980 and price moved 60 pips up to 9041 but again spiked down (not expected) hitting BE stops
Longs were again taken @ 9000. moved up & again spiked down . Still good Supply up there @ 9030-9040 zone... killing the attempt

8980 still remains a IMP price inflection NML LVL for me. If breaks 8950 retest (and possible break) very likely. Lets WnW

Update 26 done in 1st post.

Update 27 & 28 done in 1st post.

Update 29 & 30 done in 1st post.

but what a person do when it trade going againt him like 70 % downline.

Just follow the plan you had before you placed the trade.

Sorry cant help more, not yet a guru.
We have thousands in "Trading Systems" Board. Good luck asking and getting enlightened

Update 31 & 32 done in 1st post.

Update 33 & 34 done in 1st post.
USDCHF Longs looks good for some retrace here with1st IMP LVL of 9100(Gr2AAA) and then another imp Gr1AA LVL RES of 9170
Lets Wnwatch, how it plays out

Looking at Aussie. looks nice
posted about it here -> http://www.forexfactory.com/showthre...34#post7012434

Update:
AUDUSD: Well looking at it (as till now)
Clean shaven 55+pip move till now from 9083 (HOD) with < 1 pip drawdown
A Perfect sniper setup, if plays out . Love them

M15 TF


H1 TF InvHnS nullified post the break upside. Back below neck of 9450 (Square in Chart)
Can retest the neck again, before down move(if destined)

D1 TF candle looking very nice for Bias to play out.
Small to medium stops building below 9410-9400 and good stops just below 1st TGT LVL 9385
Move back above 9470's mostly nullifies the intent of this down move and possible new highs likely


Lets WnWatch where it closes at weekend

AUDUSD
Well expected and mentioned LVL 9385 was hit but not before a lot of chop

A straight clean move of 67 pips happened from sniper entry of 9483 to 9416,
Thereafter expected retracement was till the 9450's (square in last post chart) , which played out nicely. More shorts were added around the same.
Thereafter price moved back to new lows of 9413 (Account was up 900%+ float ) but was not able to fill the quite a demand down here (As mentioned there were quite a stops below 9410-9400). Price again zoomed to 9460 and more or less taking out all profits and shorts @ BE
Those 9410 stops were triggered next day moving price to IMP SUP LVL 9385

Account with Leftover equity got killed trying to scalp with USDCHF shorts
Update 35 done in 1st post.

Update 36 done in 1st post.
- NZDUSD looking nice , as of now.
- 8370 a Gr1AA IMP SUP LVL (has spiked below to 8356 till now). Quite a demand (leveraged funds) were buying into Gr1AA 8350's & also some profit booking.
- On upside, 8432 a Gr2A SUP Turned RES now (many stops lying above 8450); Thereafter major bear stops and buy stops above IMP Gr1AAA RES 8500+/-10
- On downside, 8350 (Gr1AA) 8320-10 (Gr1AAA) are IMP SUP/Demand LVL's. Short term bears would only come into picture below 8300
- Not looking for anything above 8430 right now. Depending upon PA up there, can add to long positions if this wants to run up again

Lets WnWatch (weekly close is ofc IMP)

Update 37 & 38 done in 1st post.

- As posted, NZDUSD longs were a good Sniper entry (5 pips drawdown)
- Moved in sustained fashion back to the mentioned 8432 Gr2A LVL But was not able to clear the 8450 offers and stops above. Hit highs of 8444
- Longs paid nicely with profit float of >1400% . Trailing Stops were hit @ ~ 600%.
- Post a Retrace to 8410, tried again to clear offers around HOD 8444. Move continuation long entries were again taken @ 8425 zone for break of 8450 but lost momentum and retraced back to break (Gr1AA) 8350 SUP zone and killed the attempt equity
- Missed making the account free (
- Currently about to test 8320-10 (Gr1AAA) SUP LVL and added some longs and looking to add more
- USDX Strength, if any, which comes on TF like Daily would be probably sold and an opportunity to sell

Lets WnWatch (weekly close is ofc IMP)

u had a good run on nzd/usd longs , y didn't u lock in some profit last night ?

I think you missed my last post above.
It clearly said "- Longs paid nicely with profit float of >1400% . Trailing Stops were hit @ ~ 600%."
So yes, trailing stops were hit at 700%. Profits were locked & balance reached 700$+

Thereafter, as already mentioned, longs were take on 2nd failed retest of HOD 8444 for a break above 8450 (was a IMP LVL) but pair retraced to daily lows and below. They were bad trades and attempt got killed. Things were pretty quick on downside so equity stops @ 100 were even not enforcable.
Though surely i missed making the account free (complacency due to night time issues probably)

Actually anytime an account has crossed the 1st Stage (detailed in 1st post), whether in floating/realized profits , and breaks soon (say e.g. in next 0-30 trades) , i consider that a VERY bad trading on my part. This attempt was one of it

Update 39 & 40 done in 1st post.

- In last attempt, NZDUSD longs again didn't move as expected. The pair further breached IMP 8320-10 (Gr1AAA) SUP LVL
and since then making it difficult to break and hold above.
- This attempt would be pretty different in some ways to last few attempts ... as regards to frequency of trading (slow), risk %age/trade bias (less), leveraging (moderate). Have modded some entry criteria based on some tests.
- Will try to post entries (whenever possible)
- Currently entered into AUDUSD weakness, proportionate to the talking down by RBA governor's @ Citi's Investment Conference speech.
- Interesting of that were stuff like Higher currency(AUD) value is not supported by fundamentals
"Start of US policy normalisation by the Fed would lessen the RBA’s own policy difficulties"
More details here http://www.rba.gov.au/speeches/2013/sp-gov-291013.html
- On downside, possible SUP LVL's are 9510-20 (Gr1AA) IMP demand there.
- Medium to large sized stops currently below 9500-9490 (Gr1AAA)
- & then SUP @ 9550's (Gr1A) & 9425 (Gr1AAA)
- On Upside, see stops above 9585 and esp. 9600 (Gr1A) & break would roll in bulls again

Update 41 & 42 done in 1st post.

- AUDUSD shorts played out good with realized 80% profits. Booked around mentioned 9510-20 (Gr1AA) SUP LVL
- NZDUSD longs were taken around 8240 . Price chopped later. Position sizing was an issue this time (gotta be very shrewd on that with such guinea accounts)

- Currently, took AUDUSD longs post the retrace of morning fake spike of 20 pips on MOODY's NZD "AAA" rating talk in the morning. Profit float some 250%
- Looking @ 9520 (supply here)- 9530 (Stops above) to provide some RES. Gotta see the retrace/reaction to know more. (possible retest of 9490-95 may be to get buying interest back on)
- See info of a 1bln options expiry too @ 9500 @ NY 10 am cut (will weigh around)
- Steven's AUD jawboning move is prollyy done IMO. Reversal back to upside if happens would be pretty quick esp. above 9570 (Some IMP supply there)
- ADP will most prolly be -ve for USD (most wont care)
- FOMC will be more/less a dud or USD -ve IMO
- Its just shitting crap out there in data from United Bananas America; dont see anything fundamental coming to help the USD. More of a profit booking rally, last (against most pairs)
- Thereafter we have IMP NZD rate data in late NY and Aussi'es too later. Tomorrow would be interesting for these pairs
- AUDNZD will remain range bound till then between 1.144 (breakout LVL) and 1.157 (Swing Highs). Possible effective break will decide the direction for coming days/wks

Lets WnWatch

Update 43 & 44 done in 1st post.

- Looking at some AUDNZD retrace as of now, AUD looks hotter than NZD, carrying small longs for 1.13 at least
lets WnWatch

- AUDNZD longs worked nicely and hit expected 1.13 (though hit the trailing stops above 1.128; pathetic spread with this broker) & retracing now; paid 140%
- Some yen pairs can be scalped for retrace of over extensions. #NZDUSD chart is interesting too
- AUDJPY looks a good opportunity (larger TF) esp above 94.50 ; took small shorts and looking to add
Possible downside LVL's are 93.80(Gr2AA) , 93.30(Gr1AA), 92.50 (an IMP Gr1AAA LVL and pattern associated ; break below it can squeeze bulls esp. below 91(Gr1AAAA)),
On upside, 94.65-75 zone (Gr1A) got a lot of offers (some stops above 94.50 are also seen) but 95 holds the major importance (Gr1AAAA)
lets WnW

- AUDJPY perfectly moving as expected and posted. post the stops flush above 94.50 leading to 94.60, kicked down 70 pips nicely to 93.90 (making daily lows currently)

- On D1 TF, (chart below)
For bear case, 200SMA again stamping its importance since july 2013, pair has failed thrice before to clear it & latest fake break was on 22nd Oct 2013. Mind you pair has broken an IMP TL "A" on upside & any follow through denial means a fake break; any effective break below mentioned 93.30 (Gr1AA SUP) wud possibly confirm the fake break; Further move to 92.50 , an IMP Gr1AAA LVL SUP ; which is also a confluence of TL "B" SUP & bearish HnS(almost typical) pattern neck (currently forming right shoulder) is very possible. Break below 91 (possibly TL "A1") would open flood gates for TL "B1" retest
For bull case, if this upswing of 7-9 days is not still complete, then possibility of extension to test the TL "C" is not ruled out, lying at 95.50-60's(previous swing high) where it will get renewed bear pressure, i do not think 96 break a possibility in absence of something major on news front (from aud or jpy) So Upside would probably be offered and more of an add on rise thingy (for higher TF term traders; personally took trades of same on conventional acc too looking for a larger swing down)


On H1 TF, (chart below)
- 94.50 was indeed a IMP LVL as mentioned and more shorts were taken on that spike up, one of them exactly at highs of 94.60 perfectly. (see chart for entries); clearly looks like a fake break (as of now with exhausted buying interest)
- missed taking addon entries 94.27 (basic pattern TL retest from lower side), due to time zone issues.
- Retest of same TL "A" in green (from D1 TF chart) is highly possible (can be a good addon entry point)
- Possible SUP LVL's are already mentioned and they also confluence with TL/MA's etc (marked at circles)
- IMO most important LVL to watch is 93.30 (Gr1AA SUP), its break, if any, would give further insight. Further any break back above 94.50 (esp soon enough like today) wud possibly mean bull case to play out first


Lets WnWatch