I will either make it in Forex, or die trying | Page 4 | Forex Factory

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I will either make it in Forex, or die trying

  • #61
  • Oct 21, 2013 3:23am Oct 21, 2013 3:23am
Mission #11 Complete

The cad seems to be on the brink of a reversal and since the cadjpy chart is looking choppy, the mission is now closed for +27 pips.

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Do or die.
  • #62
  • Oct 22, 2013 10:01am Oct 22, 2013 10:01am
Mission #10 Complete

The Non Farm Payroll announcement has pushed Mission #10 to completion.

+167 pip profit.

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Do or die.
  • #63
  • Oct 23, 2013 5:28am Oct 23, 2013 5:28am
Mission #12 Complete

A sudden weakening of aud has knocked out the original gbpaud entry at breakeven, while an additional two entries have been triggered then manually closed for an insignificant net profit of +4 pips.

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An unexpected (and disappointing) outcome, but the good news is there were no pip casualties.
Do or die.
  • #64
  • Oct 23, 2013 10:18am Oct 23, 2013 10:18am
Mission #9 Complete

The sudden strengthening of the jpy has left Mission #9 with little potential to the upside, at least for now.

Trade is closed for +131 pip profit.

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Do or die.
  • #65
  • Oct 27, 2013 7:38pm Oct 27, 2013 7:38pm
Mission #13 Begins

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Do or die.
  • #66
  • Oct 29, 2013 12:05am Oct 29, 2013 12:05am
Mission #14 Begins

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Do or die.
  • #67
  • Oct 29, 2013 3:31am Oct 29, 2013 3:31am
Mission #15 Begins


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Do or die.
  • #68
  • Oct 29, 2013 7:46am Oct 29, 2013 7:46am
Mission #14 Completed

Upon review, Mission #14 should not have been initiated as prices failed to make higher highs.

Thankfully, I was able to get out with no casualties.

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Do or die.
  • #69
  • Oct 29, 2013 8:36pm Oct 29, 2013 8:36pm
Mission #16 Begins

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Do or die.
  • #70
  • Oct 30, 2013 7:34am Oct 30, 2013 7:34am
A disappointing ADP employment number have caused some short term strength in the chf, and I have grabbed the opportunity to get out of Mission #13 with no casualties.

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My remaining chf trades are slightly in-the-money, but I don't see any strong buyers coming in.

If even this news event will not stimulate demand for it, I will get out of those missions as well.
Do or die.
  • #71
  • Oct 30, 2013 7:42am Oct 30, 2013 7:42am
Mission #15 Completed

Chf is not showing any strength despite a weak ADP employment number.

Price action suggests that the cadchf is not going to dip any time soon, so I have decided to end the mission and get out with zero casualties while I still can.
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Do or die.
  • #72
  • Oct 30, 2013 8:14am Oct 30, 2013 8:14am
Chf continues to show signs of weakness and Mission #16 has been completed for +18 pips.

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Do or die.
  • #73
  • Oct 30, 2013 9:46am Oct 30, 2013 9:46am
Quoting Pip Commando
HISTORY Dabbled in Forex for a few years, but was never serious about it. Didn't have patience, kept jumping from one method to another. Went around in circles, kept losing or just below breakeven. A few times, I was profitable for a few months, but the market phase changed and I started losing again. I used to trade like this 50% technical indicators 30% price action 20% money management 0% fundamentals After avoiding fundamentals for so long, I decided to give it a go. Suddenly realized that fundamentals were a big part of trading, and everything...
doesn't really sound like incorporating fundamentals. Sounds more like you just incorporate news into the strategy. Look up george soros and his analysis before he went short the gbp in 1992. THAT is called incorporating fundamentals. If you can pull these kind of analyses out of your ass, then you rightly deserve to make billions of dollars, but not by just looking at every news event in the forexfactory calendar.
  • #74
  • Oct 30, 2013 10:56pm Oct 30, 2013 10:56pm
So... you took the time and trouble to hit the reply button to talk down to someone you barely know?

I don't know why you are such an angry person, but if that's the way you want to treat people around here then you'll just be ignored.
Do or die.
  • #75
  • Oct 31, 2013 2:13am Oct 31, 2013 2:13am
Mission #17 Initiated

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Do or die.
  • #76
  • Oct 31, 2013 4:01am Oct 31, 2013 4:01am
Quoting Pip Commando
So... you took the time and trouble to hit the reply button to talk down to someone you barely know? I don't know why you are such an angry person, but if that's the way you want to treat people around here then you'll just be ignored.
sorry if it sounded like an attack. But you are right, my post was not that constructive to begin with.

So, let me post something more constructive:
http://www.forexfactory.com/showthread.php?t=216097

The threadstarter really incorporated and analyzed the fundamentals and looked at what effect they can have on the currency markets. Fundamental analysis can go so much deeper than just looking at the news events. And I think that is where the really big money lies. Maybe you wanna take a look and that understanding advances your trading to the next level...

best regards
  • #77
  • Oct 31, 2013 10:07am Oct 31, 2013 10:07am
Hey Custos,

No biggie, glad we cleared things up.

This is the first time I've come across Razorjack's post and I'm actually quite glad that we see the fundamentals very similarly.

The major difference, I think, is that I'm trading on the 4-hour chart, which requires me to pay more attention to what he calls "short term fundamentals".

It would be a whole different ballgame to trade like he does, and I'm personally not one to pick tops and bottoms (as he seems to do so accurately).

I would say that my goal is to trade in the same direction as the fundamentals, but to take multiple trades along the trend instead of trying to enter at the beginning of one.
Do or die.
  • #78
  • Oct 31, 2013 10:35pm Oct 31, 2013 10:35pm
Mission #17 Ends In Tragedy


In what it seems to be a highly unlikely move, the eurjpy dropped rapidly and without pullback, killing ALL my troopers for Mission #17.

This is a disaster that must be avoided at all cost in the future.

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Things I could have done differently:

  1. do not take trades when the moving averages are narrowing
  2. only take trades when there are multiple currency pairs trending at the same time
  3. do not take trades when prices are far away from the daily moving averages

Do or die.
  • #79
  • Nov 7, 2013 9:44am Nov 7, 2013 9:44am
As I was away from the computer, Mission #18 was triggered, and I have just now manually closed out the trade.

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Do or die.
  • #80
  • Nov 12, 2013 7:22am Nov 12, 2013 7:22am
Mission #19 Begins

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Do or die.
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