How I grew $187.91 to $1 Million in 5 years | Page 4 | Forex Factory

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How I grew $187.91 to $1 Million in 5 years

  • #61
  • Apr 5, 2014 8:46pm Apr 5, 2014 8:46pm
I have a good start in the month of April.

To see another view of my performance, myfxbook link is below.

FxTurtle Myfxbok Account

USDJPY will be traded in this account starting April 7, 2014.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #62
  • Apr 12, 2014 11:42am Apr 12, 2014 11:42am
The week ended April 11th started a bumpy ride, but recovered the loses towards the end of the week to end up positive for the week and for the month.

To see another view of my performance, myfxbook link is below.

FxTurtle Myfxbook Account

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #63
  • Apr 19, 2014 6:00pm Apr 19, 2014 6:00pm
I got hammered the week ended April 18th. I recovered a little bit with two GBPJPY trades for +70 and +100 pips to end up the week with -331 pips or -5.88%. The month is s till positive, we'll see how this month will end up.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #64
  • Apr 21, 2014 12:00am Apr 21, 2014 12:00am
EURUSD will be traded starting April 20th.

Pairs traded in this account:

GBPJPY
USDJPY
EURUSD
GBPAUD

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #65
  • Apr 30, 2014 9:04pm Apr 30, 2014 9:04pm
Nice one X … Love your tenacity keep it up,
  • #66
  • May 18, 2014 12:37pm May 18, 2014 12:37pm
Trading has been abysmal the past three months.

NZDUSD is traded in this account for the past two weeks. NU trades have a max SL of -15 pips and TP of 30 pips.

For those who wants to learn chart reading, I found this article a while back. Please see attached.

Cheers,
FxTurtle
Attached File(s)
File Type: pdf Law_of_Charts.pdf   187 KB | 578 downloads
Fear prevent possibilities, and so does Greed
  • #67
  • Edited May 19, 2014 12:37pm May 18, 2014 3:27pm | Edited May 19, 2014 12:37pm
Quoting xtrader101
Hello traders, For the past two weeks after reaching new equity high on the first two trading days of the year, the performance has been hovering up and down without breaking new equity high reached earlier. On January 17th, I was able to catched the trade on GBPUSD, GBPJPY and GBPAUD and I let the profits run to over +100 pips. These three winning trades alone recovered all the loses in the past two weeks plus gain. New equity high on all three accounts were again reached on January 17th. I am hoping that the rough patch is over and the account...
1/17/14 at 44% was your highest, and that's when you were trading according to you plan, impressive.

Now here comes the DD,

Attached Image

3/7-3/13 20% dd
3/20-3/27 30% dd

3/13's dd, you recovered with 18% gain, 26 trades
3/27's dd, you recovered with 22% gain, 29 trades.

3/27's dd recovery ended on 4/8 at 42% account again.

I am 100% certain that you took gambles on these recovers, and not trading your plan at all.
Why? It's because your FIRST 20% took you 450 trades to meet.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-5-18 13-30-37.jpg Size: 63 KB
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #68
  • May 18, 2014 3:47pm May 18, 2014 3:47pm
After 4/14's rally, you never came back up again.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-5-18 13-34-40.jpg Size: 75 KB


You double your lot size try to recover after each meaning meaningful DD. I call that a act of desperation.

and you have been doing this all along since trade 1.

When the recover fails, your confident in your system collapse. History after 4/14 proofs my point.

Nope, if your risky management is to double your lot size for every DD, you will never made into 1 mil in 5 years, period.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #69
  • Edited May 19, 2014 12:39pm May 18, 2014 3:54pm | Edited May 19, 2014 12:39pm
Quoting xtrader101
This is just a dream, but everything starts from a dream. Trading style is based on: Indicators Price action Support & Resistance Most importantly, trend following Risk management: Never lose more than 50% of each month's beginning capital. This will decrease in time as the equity grows. Let my winners run and cut my loses short. I will update this thread every month end. "Fear prevents possibilities"
For someone who would like to hit 1 mil in 5 year, this plan is crap and lack of details on so many levels. I already knew it's not gonna happen even before i digged into your trade histories and 4 pages worth of posts.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #70
  • May 20, 2014 6:07am May 20, 2014 6:07am
Quoting FXSayWhat
{quote} For someone who would like to hit 1 mil in 5 year, this plan is crap and lack of details on so many levels. I already knew it's not gonna happen even before i digged into your trade histories and 4 pages worth of posts.
It's easier to criticize than actually do it yourself , when watching football , I always wonder why professionals miss 'obvious ' passes , or even goals , but its not simple mate.I have subscribed to you explorer and lets see how you perform
  • #71
  • May 20, 2014 9:47am May 20, 2014 9:47am
XTRADER , calm down man , your trades are showing a lot of emotion and I can understand how you are feeling , trust me , you don't need the unnecessary pressure .Keep it simple
  • #72
  • May 20, 2014 10:37am May 20, 2014 10:37am
Quoting tafadzwa02
XTRADER , calm down man , your trades are showing a lot of emotion and I can understand how you are feeling , trust me , you don't need the unnecessary pressure .Keep it simple
My trades are all according to plan. It's just the market's been whipsawing me a lot especially for GBPJPY. NZDUSD trades are purely based on PA especially on 30M and 1HR time frame.

My NU trades size is larger than the rest of the pairs because of the smaller SL (not exceeding 15 pips).

All is good.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #73
  • May 20, 2014 11:52am May 20, 2014 11:52am
Quoting tafadzwa02
{quote} It's easier to criticize than actually do it yourself , when watching football , I always wonder why professionals miss 'obvious ' passes , or even goals , but its not simple mate.I have subscribed to you explorer and lets see how you perform
I actually respect the thread by finish the entire thread and all of the trade histories. And i gave my comments on why i think this system is a fail based on my found facts and screenshots.

If you don't think constructive criticism would help your trades, i don't know what would.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #74
  • May 30, 2014 1:31am May 30, 2014 1:31am
The market is not being generous .
You still doing it full time?
  • #75
  • May 30, 2014 3:42am May 30, 2014 3:42am
Quoting tafadzwa02
The market is not being generous . You still doing it full time?
Unless my trade explorer stops updating then I am still doing it full time.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #76
  • May 30, 2014 10:03am May 30, 2014 10:03am
Quoting xtrader101
{quote} Unless my trade explorer stops updating then I am still doing it full time. Cheers, FxTurtle
good luck mate , hope things turn around for the better for you , I am slowly losing the will to continue
  • #77
  • May 30, 2014 8:36pm May 30, 2014 8:36pm
Quoting tafadzwa02
{quote} good luck mate , hope things turn around for the better for you , I am slowly losing the will to continue
Last week you were cheering that you found your "Holy Grail" that will make you a millionaire. Now your tone is the total opposite. Trading is the hardest job I have ever took with the exception when I was docking for bullets when I was in the army. If trading is a way to make easy money, everyone will be a trader. For me, now is not the time to call it quits.

"Rest if you must, but don't you quit."

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #78
  • Edited May 31, 2014 12:35pm May 30, 2014 9:02pm | Edited May 31, 2014 12:35pm
My trading performance is in the gutter for the last 4 months.

Starting June, these will be the strategy to be employed.

Pairs to trade:

Group 1
GBPJPY - Max SL - 13; TP open, but max out at +150
GBPAUD - Max SL - 14; TP open, but max out at +200
GBPNZD - Max SL - 17; TP open, but max out at +200
EURAUD - Max SL - 13; TP open, but max out at +130
EURJPY - Max SL - 13; TP open, but max out at +150

Group 2
GBPUSD - Max SL - 10; TP open, but max out at +100
EURUSD - Max SL - 10; TP open, but max out at +100
AUDUSD - Max SL - 9; TP open, but max out at +90
USDJPY - Max SL - 8; TP open, but max out at +80

Max SL is set by trade manager EA each time a trade is taken, but slippage may result in higher loss especially for GBPNZD.

Trade size: 2 micro lots per trade
Max open positions at risk: 4 (No two positions of the same pair)
Time frame to trade: No time frame (This is a timeless trading). I will be using Range Bar charting.

Trade strategy:

Indicators use to guide for direction of the trend or lack thereof: 34 EMA and 100 EMA

Trade entry:
Candlestick formation in support and resistance levels (Dojis, hammers, inverted hammer, engulfing are my preferred patterns)

Trade exit:
Candlestick formation in support and resistance levels (hammers, inverted hammer, engulfing are my preferred patterns)

Note: I still have over 4 years to achieve my goal of $1 Million.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #79
  • May 30, 2014 10:21pm May 30, 2014 10:21pm
Good luck mate
  • #80
  • May 31, 2014 3:06am May 31, 2014 3:06am
Quoting xtrader101
My trading performance is in the gutter for the last 4 months. Starting June, these will be the strategy to be employed. Pairs to trade: GBPJPY - Max SL - 13; TP open, but max out at +150 GBPAUD - Max SL - 14; TP open, but max out at +200 GBPNZD - Max SL - 17; TP open, but max out at +200 GBPUSD - Max SL - 10; TP open, but max out at +100 EURUSD - Max SL - 10; TP open, but max out at +100 AUDUSD - Max SL - 9; TP open, but max out at +100 Max SL is set by trade manager EA each time a trade is taken, but slippage may result in higher loss especially...
Hi,

Do you trade with same sticky strategy for this account? Do you compound your profit as capital? How you make specific period to getting your GOAL? Your title is very impressive to anyone (I think) and I would also like to do this with small fund. Sorry, If I made wrong question to your trading journal thread.

Regards
PROredart
PROredart is not PRO trader
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