Tim's £500 marathon. Goal £1 million | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Single Strike -> Epic Win (500% return, at 500:1) 72 replies

$500 to Million in 11 months - Higher Risk vs. Higher Reward EA 21 replies

Goal: Double account balance every month?! 73 replies

Modest Goal? 10 replies

What is your long term goal? 7 replies

Attachments: Tim's £500 marathon. Goal £1 million
Exit Attachments

Tim's £500 marathon. Goal £1 million

  • #501
  • Mar 26, 2015 11:10am Mar 26, 2015 11:10am
Once again, my orders were not triggered. Looks like there seems to be resistance at 1.48300 and support at 1.5000 for GBP/USD. It has been boucing in that range for 4 days now.

I have been also watching EUR/USD, and price has bounced off my 61.8% fib, so maybe a downfall may proceed here. Im going to keep a close on EUR/USD for now as the set up is looking favourable.

Just playing the waiting game...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB
Click to Enlarge Name: Screenshot2.png Size: 49 KB
Trade smart, not hard
  • #502
  • Edited 12:24pm Mar 26, 2015 12:13pm | Edited 12:24pm
Quoting TimTheTrader
Once again, my orders were not triggered. Looks like there seems to be resistance at 1.48300 and support at 1.5000 for GBP/USD. It has been boucing in that range for 4 days now. I have been also watching EUR/USD, and price has bounced off my 61.8% fib, so maybe a downfall may proceed here. Im going to keep a close on EUR/USD for now as the set up is looking favourable. Just playing the waiting game... {image} {image}
Well, EU had a 100 pips up in Tokyo and 150 down in London-New York; however, you managed to catch ZERO. Very well done, 7-month demo trader.

On the other hand, you managed to piss on couple more fellows out of their perfectly ordinary morning, AGAIN.
Attached Image (click to enlarge)
Click to Enlarge Name: s1.PNG Size: 39 KB

Attached Image (click to enlarge)
Click to Enlarge Name: s2.PNG Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 21 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 3.PNG Size: 22 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 4.PNG Size: 24 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 5.PNG Size: 22 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 6.PNG Size: 20 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 7.PNG Size: 68 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 8.PNG Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 9.PNG Size: 216 KB


Reader be aware.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #503
  • Mar 26, 2015 12:33pm Mar 26, 2015 12:33pm
Oh dear...
  • #504
  • Mar 27, 2015 6:09am Mar 27, 2015 6:09am
The markets teach you what you need to know, squabbling on forums, does not.
  • #505
  • Mar 31, 2015 1:42am Mar 31, 2015 1:42am
Trading update,

Order triggered..patiently waiting.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 57 KB
Trade smart, not hard
  • #506
  • Mar 31, 2015 7:15am Mar 31, 2015 7:15am
Trade now risk free...

5% gain if trade goes against me. Just going to ride the market do its thing now
Trade smart, not hard
  • #507
  • Mar 31, 2015 8:44am Mar 31, 2015 8:44am
Quoting TimTheTrader
Just going to ride the market do its thing now
Hey, that looks like good trading today Tim. I always find that holding onto a winning trade is harder than taking a loss, so by my standards, that's pretty good trading. keep doing what you are doing and ignore everyone else, including me. Especially don't listen to a damn thing I say, not that you would anyway by the sounds of it lol.
  • #508
  • Mar 31, 2015 11:41am Mar 31, 2015 11:41am
Quoting Phil2015
{quote} Hey, that looks like good trading today Tim. I always find that holding onto a winning trade is harder than taking a loss, so by my standards, that's pretty good trading. keep doing what you are doing and ignore everyone else, including me. Especially don't listen to a damn thing I say, not that you would anyway by the sounds of it lol.
Hey Phil,

You are right, holding onto a winning trade is a hard and you tend to cut your losses short..But you just need to have confidence int o strategy you are using.

Managed to grab 9% from this trade, still holding to it and just riding the wave
Trade smart, not hard
  • #509
  • Mar 31, 2015 4:05pm Mar 31, 2015 4:05pm
End of month review...

It has been a choppy month, made losses and made profits. I basically suffered from a knock back this month, but was able to pick myself back up. I was hoping things would run smoothly, but my plan didn't work as I thought it would, so I withdrew the small profit I had been left with me before the market decided to take it away from me . What I learnt about forex, is that you need a Plan A and Plan B. As a result, I have changed my trading style and I am seeing some results.

My new way is trading is much simpler and less stressful for me now. During the second week of this month, I decided to make the deposit of $500 instead of in the pound currency so that I am able to make accurate calculations of my money management as I was having discrepancies with the pound currency .

Anyway since my deposit I have made a total gain of 26% for this month (2 weeks of trading).

With my new style of trading, it requires A LOT of patience and careful analysis before I enter trades . I only seek quality trades. I dont use any indicators, just my eyes. Really simple stuff here.

Okay, its a new month, maybe things will be different this time around...Maybe a more profitable month?

And sorry haters, no I havent blown my account yet You're witnessing a millionaire in the making
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
Trade smart, not hard
  • #510
  • Mar 31, 2015 5:02pm Mar 31, 2015 5:02pm
Quoting TimTheTrader
You're witnessing a millionaire in the making
Well I do hope it's not in Vietnamese Dongs, one of the cheapest currencies in the world (21,551 Dongs = 1 USD)?

Just kidding, good luck.
Each losing trade is an opportunity to learn
  • #511
  • Apr 1, 2015 4:19am Apr 1, 2015 4:19am
Quoting EarnPipsNow
{quote} Well I do hope it's not in Vietnamese Dongs, one of the cheapest currencies in the world (21,551 Dongs = 1 USD)? Just kidding, good luck.
Thanks bro
Trade smart, not hard
  • #512
  • Apr 1, 2015 4:20am Apr 1, 2015 4:20am
Trade update...

Held onto the trade, and got stopped out..gained 4.3%
Trade smart, not hard
  • #513
  • Apr 1, 2015 7:51am Apr 1, 2015 7:51am
Quoting TimTheTrader
With my new style of trading, it requires A LOT of patience and careful analysis before I enter trades . I only seek quality trades.
Thats a winning formula Tim only a few in here seem to grasp. Trading true rare opportunities is key but only a few will ever learn it because they have this typical mindset that time = money. Not being in a position, having zero difference on acc. balance at the end of the day is all part of the game. Once you are able to accept this you are in for $.
  • #514
  • Apr 2, 2015 8:08am Apr 2, 2015 8:08am
Quoting Robertk
{quote} Thats a winning formula Tim only a few in here seem to grasp. Trading true rare opportunities is key but only a few will ever learn it because they have this typical mindset that time = money. Not being in a position, having zero difference on acc. balance at the end of the day is all part of the game. Once you are able to accept this you are in for $.
Excatly Robert. Well said.

We need to let the market come to us instead of forcing the trade. This is how I operate. There may be times where I wont find a good trading opportunity for a week, but when I do, I make good returns. Its not everyday trade, sometimes we just go to wait

I'm a really patient guy, and day trading just would not suit me at all. Im the type of person that would take my time to do reasearch and comparison in quality before I buy something so I make sure I get my money's worth. This is basically how I treat trading.
Trade smart, not hard
  • #515
  • Apr 2, 2015 3:11pm Apr 2, 2015 3:11pm
No trades made today. Well tomorrow is another day

Still up by 4.3% for this week
Trade smart, not hard
  • #516
  • Apr 3, 2015 7:56am Apr 3, 2015 7:56am
Quoting TimTheTrader
{quote} Excatly Robert. Well said. We need to let the market come to us instead of forcing the trade. This is how I operate. There may be times where I wont find a good trading opportunity for a week, but when I do, I make good returns. Its not everyday trade, sometimes we just go to wait I'm a really patient guy, and day trading just would not suit me at all. Im the type of person that would take my time to do reasearch and comparison in quality before I buy something so I make sure I get my money's worth. This is basically how I...
You are lucky that you are naturally patient. You have my admiration in not responding to the negativity and letting your results do the talking.
  • #517
  • Apr 3, 2015 12:41pm Apr 3, 2015 12:41pm
Quoting jen101
{quote} You are lucky that you are naturally patient. You have my admiration in not responding to the negativity and letting your results do the talking.
Trade smart, not hard
  • #518
  • Apr 3, 2015 12:46pm Apr 3, 2015 12:46pm
Ended this week with a 4.3% gain

Unfortunately, fundamentals wasn't in line with my technical so no trade today. Always next time. Got my eye on EUR/USD..I sense that many pips will be in my pocket really soon, just wait on it...
Trade smart, not hard
  • #519
  • Apr 4, 2015 9:31am Apr 4, 2015 9:31am
Quoting TimTheTrader
Ended this week with a 4.3% gain Unfortunately, fundamentals wasn't in line with my technical so no trade today. Always next time. Got my eye on EUR/USD..I sense that many pips will be in my pocket really soon, just wait on it...
Looking on the daily, EU is bang on a major resistance level, thanks to the shock NFP outcome. I currently have Eurchf short that's been going for about 2 weeks and I'm expecting that to drop further like EU. I also have AU short, entered shortly after NFP to take advantage of the spike up, so equals EU short .
  • #520
  • Apr 6, 2015 5:26am Apr 6, 2015 5:26am
Quoting jen101
{quote} Looking on the daily, EU is bang on a major resistance level, thanks to the shock NFP outcome. I currently have Eurchf short that's been going for about 2 weeks and I'm expecting that to drop further like EU. I also have AU short, entered shortly after NFP to take advantage of the spike up, so equals EU short .
Trade smart, not hard
1 trader viewing now