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FX Legend Journal

  • #1
  • First Post: Edited Mar 26, 2015 8:08am Mar 25, 2015 12:45pm | Edited Mar 26, 2015 8:08am
Hello Guys! My name is Andrey and Im 24 years old. I have 6 years experience of trading fx and I think its time to make pips for livingOne month ago I funded my account with 500€ and my goal is to grow my capital till I can live from that. My minimum goal is to make 7,5% per week, my desirable goal is to make 12% per week and my maximum goal is limitless! I trade two price action strategies from this forum. 1.) Jarroos strategy from James16 thread and 2.) CHOROS. I hope to be disciplined and I hope I can motivate other traders! My Trading Explorer ist attached so you can follow my trades. I will update this thread if I have time and sometimes I will post some charts.

Here is Myfxbook-link: http://www.myfxbook.com/members/The_...legend/1162968

Cheers

Andrey
  • #2
  • Mar 25, 2015 5:31pm Mar 25, 2015 5:31pm
I wish you lots of success.
Live your dream!

The CHOROS strategy I like!
Muni loves you all!
  • #3
  • Mar 26, 2015 2:59am Mar 26, 2015 2:59am
Quoting MuniFX
I wish you lots of success. Live your dream! The CHOROS strategy I like!
thank your, Muni!
  • #4
  • Mar 26, 2015 4:53am Mar 26, 2015 4:53am
Here is one of my CHOROS trades I took today

eur/jpy m15 touch of the 35SMA and 50EMA in confluence with h1 10EMA and 50EMA. Took a quick profit because of the bullish pin bar on h4. +5.3%
blue line: entry
red line : sl
green line: tp

Feel free to aks questions!

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 31 KB
  • #5
  • Edited 7:43am Mar 26, 2015 7:28am | Edited 7:43am
My second and my last CHOROS trade for today. eur/usd m15 bounce of 35/50 in confluence with h1 10EMA and big round number. It was also a pullback to H1 support level after a breakout. Took a quick profit again. News come out in a couple of minutes. +5.2%

blue line: entry
red line : sl
green line: tp

EDIT: actually it was a good decision to take a quick profit and go out. after good news for usd, price moved down quickly
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 30 KB
  • #6
  • Mar 26, 2015 8:05am Mar 26, 2015 8:05am
Oh, just catched some more pips on eur/usd h1 bounce of the 35SMA. Entered this one with a small size and took quick profits again. It was a nice day for me, so I´m gonna do some others things. Don´t want to overtrade!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 28 KB
  • #7
  • Mar 27, 2015 4:35am Mar 27, 2015 4:35am
Here is my first CHOROS trade today. Nice momentum, pullback to the 10 EMA (I jumped in to early). Nice start for the day! +6,7%

blue line: entry
red line: sl
green line: tp

Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 27 KB
  • #8
  • Mar 27, 2015 5:34am Mar 27, 2015 5:34am
How much time do you invest in watching/scanning charts and searching for trades?
Kind regards!
Muni loves you all!
  • #9
  • Edited 5:57am Mar 27, 2015 5:44am | Edited 5:57am
Quoting MuniFX
How much time do you invest in watching/scanning charts and searching for trades? Kind regards!
For Jarroos strategy I analyse the charts every morning and every evening. It takes me 20 min to analyze and prepare the charts and then I set alerts and pending orders for possible trades. This is my longterm strategy on the daily basis.
I use CHOROS for daytrading. Here I have to look more often because the price moves quicker and the pullbacks to them EMAs are more faster. Here I look maybe every hour on the charts to check for opportunities. If Im in a trade I have to mange this so it needs more attention.

Hope it helps you!

EDIT: For the Choros strategy I usually look for 1-2 trades per day. The first one is the pullback to the 10EMA on m15 and the second one is the bigger pullback to the 35SMA/50EMA in confluence with h1 10EMA. Sometimes I take also the bounces of the 35SMA/50EMA on the h1 charts.

Cheers
  • #10
  • Mar 27, 2015 5:52am Mar 27, 2015 5:52am
I´m student so I have enough time to enjoy the charts and play with them some hours per day. This is my last year of my study, then I will get my bachelor and have to search for a job. But I have another plans. Till October or November I want to grow my capital so I can live from that. I´m confident about it.

Cheers
  • #11
  • Mar 27, 2015 6:04am Mar 27, 2015 6:04am
Quoting TheLegendary
Till October or November I want to grow my capital so I can live from that.
So you are not planning to reward yourself by paying out every month for example 5% of your monthly gain to pay yourself a salary even if it is till small (but its enough to have a nice day or visit a cool event)? I see you are trading with IC Markets (Australia?), do you know how much fee it takes to withdraw funds from there?
Muni loves you all!
  • #12
  • Mar 27, 2015 6:33am Mar 27, 2015 6:33am
Quoting MuniFX
{quote} So you are not planning to reward yourself by paying out every month for example 5% of your monthly gain to pay yourself a salary even if it is till small (but its enough to have a nice day or visit a cool event)? I see you are trading with IC Markets (Australia?), do you know how much fee it takes to withdraw funds from there?
Not yet. I plan to withdraw 1/3 of my monthly reward in 4-5 months, maybe earlier if it goes so well as in the last months. My plan is to make 60% per month on average or simply double my account 4 times till I reach 8000€ zone. I have already doubled it 1 time so 3 more and I will be able to reward me. I have another job beside my study so I have enough money to pay my bills and also go out every weekend.
Yes, its right. It costs 30-40$ to withdraw money. it is much, but I trust this broker and the spreads are very low. It wouldn´t pay off if I would withdraw 150-250€ because the fee is then about 20-30%. I think it´s too much. If I would have enough capital to easily withdraw 500-1000$ so it would be under 10% from my reward and it would be nice.
  • #13
  • Edited 6:50am Mar 27, 2015 6:37am | Edited 6:50am
LIVE TRADE

And here is the touch of the 35SMA/50EMA. took this with 15 pips sl. My tp is on the low of the last swing. After 10 pips in profit I will trail my sl to break even.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 32 KB
  • #14
  • Mar 27, 2015 7:07am Mar 27, 2015 7:07am
Quoting TheLegendary
LIVE TRADE And here is the touch of the 35SMA/50EMA. took this with 15 pips sl. My tp is on the low of the last swing. After 10 pips in profit I will trail my sl to break even. Cheers {image}
my sl was hit, but took two next trades on eur/usd und eur/jpy very nice reaction of the MA´s on all time frame and previous resistence level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 35 KB
Click to Enlarge Name: EURUSDM15.png Size: 32 KB
  • #15
  • Mar 27, 2015 10:31am Mar 27, 2015 10:31am
ohje, I think it was overtrading. So many trades at one area. -10,8% today and Break even for this week. It happens. I´m still about 100% in march and it´s nice!



Cheers
  • #16
  • Mar 27, 2015 10:45am Mar 27, 2015 10:45am
This one is pure price action trade on the daily basis. Pin bar on a strong level. Waited for a retrace and jumped in.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 26 KB
  • #17
  • Mar 27, 2015 12:15pm Mar 27, 2015 12:15pm
Nice trading so far man! Keep it up. Inspiring to read.
  • #18
  • Mar 27, 2015 1:04pm Mar 27, 2015 1:04pm
Quoting AcerPhoon
Nice trading so far man! Keep it up. Inspiring to read.
Thank you!
  • #19
  • Mar 27, 2015 1:09pm Mar 27, 2015 1:09pm
After some losses today actually I could catch some pips! About +8.6 % for this week. Not the Best week but still very nice. still One Trade open and will Keep it for the next week.
  • #20
  • Edited 9:59am Mar 30, 2015 9:40am | Edited 9:59am
Hello Guys! Usually I make few losses on mondays, but today was a good start. closed my gbp/usd trade and played a little bit price action with MAs. +7,2% total. Very happy about it!

EDIT: +9,4%

Many pips to all of you!
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