1% Account Growth A Day

Hello Traders,

I am starting this thread to show you how to make 1% a day or 20% a month with very small draw down.

The risk in the market is 1%.

I use a very tight stop loss and move my stop to break even very quickly.

Typically 1 trade per day.

Sometimes I will post levels I am interested before the trades happen, other times graphs will be posted with the trade entry, tp and sl and a brief description of the trade.

My Live account will be added to Forex factory this afternoon.

Today's Trade

Eur/Usd 1.4% growth.

I am looking to buy the euro at 3591

A nice start. And a fellow north east trader too

Will watch with interest.

Good Morning Traders

0.9% gain on the gbp today

We had an exhaustion bar into a support level today and took some partial closes into the run up to the news for a 0.9% gain. the trade went 1 pip against us which makes for very comfortable trading, unfortunately the news went against us.

The euro trade I posted last night has worked out nicely as well If you had taken it. I did not because i was already in the gbp but you would have a 1% gain by now or stop to break even and let it run.

Enjoy the rest of your trading day

gbp



Eur



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Eur

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Hi Mister Dave,

Thanks for the reply,

Where about's are you based in the north east

I'm down in sunny Blyth. Well not so sunny today, just thunder and lightning.

Good start to the thread, and good call on the EU long. Right on the money.

Good Evening Traders

Trade level for tomorrow.... but just before I post this level a word of caution: you must validate your entries with your own personal strategies, it is no use trading levels blindly so please confirm with your trade entry setups whether it be volume, macd stochastics ema's trend etc.

Having said that you could have traded the euro all day long today off the pre-mentioned level and only had 3 pips draw down. when it's right, it's right

gbp/usd level:

This is indeed very important, also allows for larger positions...

Thanks for the comment Mingray, I couldn't agree more. If you are ever going to make any money in this business you need 3 things.

1)Tight stops.
2)Good trade location.
3)Strict Money Management.

Along for the ride

Good to have here MCRotter

Good Afternoon Traders

Ok Bit of a tougher day today but profitable none the less

I had a first entry just above the second buy level I mentioned yesterday and this was where the gbp was meant to launch from due to the fact that it was an inverted head and shoulders........

You may think this is quite a bold statement but its plain for everyone to see the inverted head and shoulders on the 1hr or 15 min chart which is the problem because this makes the market open to manipulation. If everyone can see this pattern then there is a large build up of stops just below Market as traders enter the market on the pattern. In order for the big players to fill their positions they need stops, hence the extra stop move down and then away the market goes.

I closed the position when i had a sell signal come in at 7112 which was unfortunate because it would have been a great day, however up 3% for the week and on target so can't complain. On to the next.

As well as above, the live account can be seen on My Fx Book in an easier format:

http://widgets.myfxbook.com/widgets/961225/large.jpg

0.54% for the day

I had over 1% in the bag today but i miss read the market and when a sell signal came in I only closed half my position. GREED kills everything!. I was stopped out break even on the rest.

their are fears with regards to the Portuguese banking system and poor eu data which seems to be the trend at the moment has generated a flight to safety with a slight recovery in the us session.

1 point to note is that when you see the jpy dropping and trending DOWN expect trending markets in the major currencies.

Looking good.
If I may ask. What's the lot size based on ?

Hi Mingray

Thanks for the question.

The starting balance on the account was £20k and the lot size is based on 1% of this with a 10 pip stop. so currently my position size is 3.96 lots

Just as an extra point I have re-read the posts I have made and some of them seem to be less coherent than I would like.

I tend to have one eye on the market and one eye on typing, so I will try to make more sense from here on out, but please do excuse any mistakes.

If anyone has any further questions please ask away.

Trade Call

looking to buy gbp 7111. As always look to validate the trade before entry.

Good Evening Traders

Hope you have a good weekend.

Friday was a bit disappointing as i missed my trade by the spread!!!! and would have given me my 1% for the day.

I have posted and marked up the chart below to show what a stop run looks like. The over sized bars are traders covering their long positions as the market moves against them and if you can identify this before it happens, they can be some of the best trades in the market as the big players are loading up on positions for a directional move.

However being Friday and late in the afternoon you have to ask yourself is there going to be legs in this trade and more often than not the answer is no.

If you took the trade and moved your stop to break even, then well done you should have made a profit, certainly no loss and if you stood aside like me on the second pass then even better. It takes some discipline not to enter the market but trading can often be about the trades you do not take as opposed to the ones you do.

Lets see what tomorrow brings.

GBPUSD

gbpusd

gbpusd has traded higher this morning but net long positions are the highest for some considerable time. Be wary of a potential change in sentiment. net long 4.5bln usd

we are short 7138 with partial profits locked in.

Good afternoon traders

We have had 2 trades this morning. The euro, I will post later which i was stopped out for breakeven by the spread, otherwise it would have been a great start to the week and we have been short the gbpusd for +1.25%