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Tim's £500 marathon. Goal £1 million

  • #21
  • Feb 11, 2015 6:03am Feb 11, 2015 6:03am
Quoting ~bull.bear~
Nothing is impossible, but you must have good plan and worst plan of how to deal with economic crisis, when thousand pips against you. I am heading from $500 to $39000 in 24 months. But in the meantime, i try to develop something auto EA to prepare for big distant against me. Keep it up and good luck ! {image}
Good results!
Trade smart, not hard
  • #22
  • Feb 11, 2015 6:05am Feb 11, 2015 6:05am
Quoting vicentis
hello Tim. hope everythings ok. Just one question, you are trading 1 minute charts?
Correct, am trading from the 1m charts. I have my own way of trading and interpreting the information on the 1min charts. It fits well with my strategy
Trade smart, not hard
  • #23
  • Feb 11, 2015 7:05am Feb 11, 2015 7:05am
Quoting TimTheTrader
{quote} Correct, am trading from the 1m charts. I have my own way of trading and interpreting the information on the 1min charts. It fits well with my strategy
Thanks for the answer.

could you share you strategy?
ReAl MoDe: ON
  • #24
  • Feb 11, 2015 6:54pm Feb 11, 2015 6:54pm
Took a trade for the AUD/USD. Banked £31.23

Red dotted line is entry, green is TP. 214 pip gain.

Slowly recovering the profits I lost last week. Hopefully the rest of the day remains profitable

Happy Trading.
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Trade smart, not hard
  • #25
  • Feb 11, 2015 6:59pm Feb 11, 2015 6:59pm
Nice! I've caught a few pips there too!
"The Public Sucks" - George Carlin
  • #26
  • Feb 11, 2015 10:13pm Feb 11, 2015 10:13pm
Hi Tim,

are you a university student? Part time trader/full time trader?
  • #27
  • Feb 12, 2015 4:41am Feb 12, 2015 4:41am
Quoting JordanYilmaz
Hi Tim, are you a university student? Part time trader/full time trader?
Hi Jordan, yes I am a university student, and I do trade part time.

Quoting pistacho
Nice! I've caught a few pips there too!
Nice one!
Trade smart, not hard
  • #28
  • Feb 12, 2015 4:53am Feb 12, 2015 4:53am
Trading update.

Entered a trade for the GBP/USD and managed to grab 40pips. Banked £5.50. Could have made considerably more, but it was unfortunate that I got stopped out as I moved my stop past break-even. Nonetheless, I managed to make some profit and avoid a loss .

Can't afford to make any mistakes. Sticking to my strategy is key to my success.


Account now stands at £539.31
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Trade smart, not hard
  • #29
  • Edited 12:21pm Feb 12, 2015 7:52am | Edited 12:21pm
Trading update:

Entered a USD/JPY trade and grabbed 273 points! Banked 32.82 . Decided to close my trade early and not become too greedy. It has been a rather profitable day for me, and I am delighted. Today, I have banked a total 69.55, 13.8% return overall. My account now stands at 572.13. Think I will call it a day and see what tomorrow has in store for us. I hope that everyone has a had a profitable day as me, if not, don't worry as there will opportunities tommorow.

Red dotted line - Entry
Green dotted line - Closed trade

I think that I am now beginning to find myself with FOREX trading, slowly and surely I will reach my goal. Better tell Warren Buffett to make some space for me on the Forbes list
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Trade smart, not hard
  • #30
  • Feb 13, 2015 1:06am Feb 13, 2015 1:06am
Are you studying economic or what?
  • #31
  • Feb 13, 2015 7:48am Feb 13, 2015 7:48am
Trading update:

Entered a trade for USD/CAD. Got stopped out as I moved my stop past breakeven, and managed to grab 279 points and bank 32.39 before retracement. Fairly a good start for today

Account now stands at £605.42. Our goal is to reach £1million, but we must do this very slowly and strategic, trading FOREX is not a get-rich-quick scheme.
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Trade smart, not hard
  • #32
  • Feb 13, 2015 7:57am Feb 13, 2015 7:57am
Quoting JordanYilmaz
Are you studying economic or what?
I am not studying economics or any subject related to finance, however, I did join the FOREX Society at University where I learnt the basis of trading FOREX then done extra reading and practice in my spare time.
Trade smart, not hard
  • #33
  • Feb 13, 2015 8:45am Feb 13, 2015 8:45am
This is great dude!
Love how you are not studying economics or any form of finance.. I'm in the same boat as you. Just cause one doesn't study in a field like that, does not mean you cannot make a success out of the market.
What books have you read?
Up and coming champion Pip collector.
  • #34
  • Edited 10:15am Feb 13, 2015 9:17am | Edited 10:15am
Quoting MrInvestar
This is great dude! Love how you are not studying economics or any form of finance.. I'm in the same boat as you. Just cause one doesn't study in a field like that, does not mean you cannot make a success out of the market. What books have you read?
Great man! Its nice to see others in similar circumstances as myself. You don't need a degree/masters in finance to learn FOREX, that is so unnecessary. I developed my skills in trading FOREX by practicing until I was profitable.

I have read quite a few, the first book I read was "Currency Trading for dummies" . The others were part of a torrent I downloaded from piratebay. I believe the torrent is called "Forex Trading Collection". Apart from reading books, I also like you watch youtube videos about trading. I also checked out babypips.com, now thats where I learnt everything I know about trading FOREX
Trade smart, not hard
  • #35
  • Edited 2:50pm Feb 13, 2015 9:35am | Edited 2:50pm
TRADING UPDATE:

Traded the USD/JPY and managed to grab 102 points, banking 13.62. Was tempted to hold of for a bit longer, but as you already know me, I didn't want to be greedy
This will be the last trade for today as I am happy with the results. Made 49.91 for today and my account stands at 619.04

To recap, it has been a tremendous week for me as I have made a decent profit of 127 (25.9% return), hopefully, next week shall be as fruitful

This week has not only been profitable, but it has been a learning experience. I have learnt so much and I am learning continuously to develop my trading and analytic skills.

Guys please do remember, the agenda still stands. Our goal is to make 1million and we shall do this with a methodical approach in order to remain part of the 5% of successful traders.

Anyway, hope you have made tremendous profits today and have a good weekend. Im off to the gym!
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Trade smart, not hard
  • #36
  • Feb 13, 2015 1:03pm Feb 13, 2015 1:03pm
I was a student when I started trading Forex too. I'm not a millionaire yet, but have been able to make some hefty profit. Anything is possible man. Good luck!
  • #37
  • Feb 13, 2015 2:13pm Feb 13, 2015 2:13pm
Quoting TimTheTrader
TRADING UPDATE: Traded the USD/JPY and managed to grab 102 points, banking 13.62. Was tempted to hold of for a bit longer, but as you already know me, I didn't want to be greedy This will be the last trade for today as I am happy with the results. Made 49.91 for today and my account stands at 619.04 To recap, it has been a tremendous week for me as I have made a decent profit of 127 (25.9% return), hopefully, next week shall be as fruitful This week has not only been profitable, but it has been a learning experience. I have learnt...
I think Forex is way more lucrative than normal investing.. Take a standard Unit Trust that an Investment firm offers, and your ANNUAL return is 25% if you are lucky... You got that in a week..
Up and coming champion Pip collector.
  • #38
  • Feb 13, 2015 2:30pm Feb 13, 2015 2:30pm
Good trading man... Have a great weekend !
  • #39
  • Feb 13, 2015 2:41pm Feb 13, 2015 2:41pm
And what if you would explain why you enter, why you exit!?

Otherwise this thread has no interest, except for your ego.
  • #40
  • Feb 13, 2015 3:12pm Feb 13, 2015 3:12pm
Quoting phongvu12
I was a student when I started trading Forex too. I'm not a millionaire yet, but have been able to make some hefty profit. Anything is possible man. Good luck!
Thanks Phongvu!

We shall reach our goal in due time.
Trade smart, not hard
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