Trading like a Pro

Put on a few medium term trades, 2-3 days but i`m afraid that the Monday market open price will make gaps so i put on the trades early to ride the gap.

However the swaps could also eat my position but hopefully the NZD swaps will cancel eachother out.As for now i will close the AUD/JPY at a favorable price after it moves a little bit.

We are out of the AUD/JPY finally, maybe it was a bit premature but doesnt matter.

The rest of the trades will remain in the weekend, hopefully Monday we book some profits.

1ST WEEK RESULTS:

1. +11% EQUITY GROWTH (4.1% BALANCE however the trail stops are tigh even if all open orders fail we will book atleast +3% more of it to a 7-8% balance growth probably)
2. 100% WINRATE (5 winners closed,4 winners open)
3. -0.1% DRAWDOWN (its not like trading without stoploss that i dont close losing positions, and i hope that it comes back, it actually NEVER has losing positions to begin with, all trades are very accurate, besides i use stoplosses)
4. Net pips gained = 125

"Nothing ruins my day more than losses." (Gekko)

Pretty good week to say, with no losing trades, only winners, yeah with literally no drawdown, all trades were placed with a sniper accuracy.Looks like i`m a pretty pro trader without a doubt.

Any questions guys?

Gordon Gekko is back from a boring weekend, but now its time to make some demo money

First of all i see that the NZD got a bearish tone last week, and i see that it is still bearish so we are going to do a little bit of hedging.

Sell 0.02 NZD until the next profit target, while keeping the 0.02 BUY open for a longer term , when it reverses (also acumulating swaps)

The short trade will be closed before midnight.

Looks like the NZD short was not a really good idea, so i tightened the stoploss in case of an early reversal, but i still think it will go down, but my conviction just got weaker.In case it reverses early, we will have our first loser trade, but that will be a very good news as our BUY trade will make 4x more profit than we lose on the SELL

Ok the NZD/USD short was a good idea after all

Now looks like we have a little bit of DD on our hands because the NZD fell a little bit, but no problem, the reversal is still intact, i foresee it on Thursday or so, until then the STOPLOSS is loosened, and we acumulate swaps.

The drawdown got canceled out as the so awaited USD/JPY trade goes north in a good pace.

While the NZD/USD trades AND the AUD/NZD pairs are relatively slow and stagnant, i foresee the reversal in Thursday , until then we expect some ranging periods and of course acumulate swaps.

The USD/JPY has got good fuel, probably because of the JPY unemployment problems.

I also updated the rules at post 1 to make it more clear and simple to understand.

The USD/JPY has boosted more towards north ,it will probably it will continue, depends much on US GDP and FOCM of today.

While the NZD seems like its preparing itself for appreciation, which was long awaited, also probably happening tomorrow or worst case, next week.

Yep i just checked, there is a NZD Unemployment & Employment change in next Tuesday, so probably the big move will happen then, so not tomorrow unfortunately.We must hold those 2 positions until then, however the swap is positive atleast, the downside is only a little bit of DD, but i keep my SL wide to engulf the DD.

The other thing is today's USD GDP, if it comes out good with FOMC hawkish, then i`m gonna sell the EUR/USD aswell opening up another position to use all margin left, so we will hit the safe 200% margin level then

Time to go south on the EUR/USD..... After the broker unfreezes the platform....

Ah finally, looks like there were some technical issues with the broker, and i put my order twice as the button was lagging.Nevermind, still its a good shot, Employment was crappy, but the GDP was soooooo good that this must drive the price down.

Also waiting for those FOMC comments @ 19:00 to see if that gives another juice to the USD.

Also i see a little bit of spike down on AUD/NZD, maybe the reversal will come sooner than expected? It would be nice, however at this point i cannot say anything certain, but at most in Tuesday it will come @ NZD employment news, until then just wait and have patience, thats what i will do.

Looks like we are going to make a tons of demo money, the USD is just an unstoppable steamroller in these weeks, it will steamroll the AUD,EUR,CHF and some other,but not all, currencies as we speak, the big investors have a really big faith in Yellen's rate hike, so everyone buys the USD these days.

The USD/JPY reached its potential,so i closed those trades made 15.3% on them, now we have a NZD/USD trade which just dropped lower due to USD weakness, so i tightened the stops, and if it breaks the lower suport then i close it.

Of course i`m still bullish on the NZD, but i will just have to rebuy it at a lower level and we will suffer some drawdown unfortunately.

If the support holds, then just wait for reversal, after all a little bit of jerking move down is not so bad, it can only a be a little bit of whipsaw, no need to panic.

NZD long closed, it is painful but we have to close losing trades, so my winning streak has just came to an end, adios 100% winrate

Now the NZD is steady now, however because the USD strenght the USD is pressing down the NZD, so i entered a short short trade, a scalping one until midnight, so recover 60-75% of the losses of that buy trade.

Its not martingale or revenge trade or anything like that, its a well planned short trade which cause is the USD strenght, so we keep it professional.

My target is 0.84500 as its a 00 level, stoploss above the previous high, it wont whipsaw because NZD is flat and USD is rolling ,so in this case its a good idea to keep tigh stoploss.

On the other hand the EUR/USD is going pretty slow but steady.

Saw LONG another opportunity on GBP/AUD, lets see how this works out

Yup ladies and gentleman, i`m right again

Soon TP is hit and we book a few demo $$.And recovered the losses of that previous NZD trade, so we are back in the line...

So the NZD wont be bull yet, time to wait a few more days, probably going to put that LONG on Monday and hold it until Tuesday...

glad to see your having a good week proximus! some pairs have really been flying this morning!!

keep up the good work sir!

Yea thanks, i`m becoming demo-billionaire here

NZD/USD closed because it ran out of juice, and at an unfavorable spot, but still in profit, it was my mistake, i should have had a tigher TP at it was only a scalp

However now that some margin is available i put some limit orders on, since i want some retracements on those huge spikes, and then go in again, as i`m confident in USD strength ,for this week atleast.