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$150 Challenge

  • #1
  • First Post: Sep 30, 2015 8:58am Sep 30, 2015 8:58am
Hello Traders

I have deposited $150.00 USD with HotForex to Challenge myself to grow a Micro Forex Account or Bust.
Hopefully I won't Bust but with a small Micro account the chance of Busting is High.
The satisfaction of growing and documenting a small Micro account on Forex Factory gives me the Motivation to see how far I can take this account.

Just to be clear I'm not linked to HotForex for Marketing.
I decided to use this Broker for High Leverage, 100% Deposit, US 5pm Daily Chart Close and US Dollar Index Chart.

Wednesday 30th September 2015
Deposit $150.00
100% Deposit Bonus $150.00 (Terms & Conditions Apply)
Account: $300.00
Leverage: 1:1000

I will post my Chart Template
Weekends I will produce a Video on YouTube and post "The Week Ahead Chart Outlook"
Then through the Trading Week I will update Charts on this Thread.

I'm no Forex Guru and this Thread is not a Signal Service.
Its my account of my Trading for me to engage myself in my Trading to improve and learn more.

Hoping other Traders will get involved and leave comments, I'm looking forward to the interaction.

I will start Trading Monday 5th October 2015 and produce the first Week Ahead Video this weekend.

I have added my Broker Account to Forex Factory Trade Explorer plus added to myFXbook if you wish to follow.
I will also link myFXbook to my Twitter account @jd_trader

Lets see if I crash & burn or reach to the stars, only one way to find out............
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #2
  • Sep 30, 2015 9:18am Sep 30, 2015 9:18am
Chart Template Examples:

For Highs/Lows Month,Week Opens I used Daily Boxes/Lines indicator from Forex Factory Thread

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1.jpg Size: 116 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4.jpg Size: 203 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1.jpg Size: 186 KB
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #3
  • Sep 30, 2015 9:23am Sep 30, 2015 9:23am
Oh wow, great thread dude Are you trading by S/R levels?
Btw, consider also their zero spread account in case you're scalper. With spreads waving around 0.0-0.2 pips on EUR/USD going in for it really makes a sense.
Any way wish you good luck and you got one more subscriber to this thread
  • #4
  • Sep 30, 2015 9:37am Sep 30, 2015 9:37am
Quoting leebsurag
Oh wow, great thread dude Are you trading by S/R levels? Btw, consider also their zero spread account in case you're scalper. With spreads waving around 0.0-0.2 pips on EUR/USD going in for it really makes a sense. Any way wish you good luck and you got one more subscriber to this thread
Hey thanks leebsurag

Quote
Are you trading by S/R levels?
Yes plus Market Flow through the Month and Week Opens.
Big Number Levels, Round Numbers and Half.
Example: 1.1200 / 1.1150 / 1.1100

A lot of my Trading Method is inspired from Forex Factory Thread: Trading with Deadly Accuracy

Trading Time Frame is the H1 Chart. From charting the D1 & H4 Charts. Some trades will also be taken on these also when situations arise.

I'm not the polished Trader as yet and still finding what works for me and think I will be tweaking my approach as I go forward.

Great to have you on board
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #5
  • Sep 30, 2015 10:05am Sep 30, 2015 10:05am
Trading Forex Pairs:

Attached Image


At this point I will not be trading USDindex, XAUUSD, XAGUSD, USOIL, UK100, USA500 but will be Charting.
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #6
  • Sep 30, 2015 10:26am Sep 30, 2015 10:26am
Great idea! All the best to you, will definitely hang around here to see the progress.

Good luck!
  • #7
  • Sep 30, 2015 10:58am Sep 30, 2015 10:58am
Quoting jdtradr
Hello Traders I have deposited $150.00 USD with HotForex to Challenge myself to grow a Micro Forex Account or Bust. Hopefully I won't Bust but with a small Micro account the chance of Busting is High. The satisfaction of growing and documenting a small Micro account on Forex Factory gives me the Motivation to see how far I can take this account. Just to be clear I'm not linked to HotForex for Marketing. I decided to use this Broker for High Leverage, 100% Deposit, US 5pm Daily Chart Close and US Dollar Index Chart. Wednesday 30th September 2015...
300$. starting
it can be done, although lot of people said it is impossible but actually it can. need lot of requirements.
we don't predict, we only ride
  • #8
  • Sep 30, 2015 11:12am Sep 30, 2015 11:12am
Quoting Feekee
Great idea! All the best to you, will definitely hang around here to see the progress. Good luck!
Cheers Mate
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #9
  • Sep 30, 2015 11:17am Sep 30, 2015 11:17am
Quoting cakrajaya
{quote} 300$. starting it can be done, although lot of people said it is impossible but actually it can. need lot of requirements.
Yes starting so low the odds are in favor to Bust.

BUT

Like you say it can be done and has been done by Traders.
Lets see if I can.

Quote
need lot of requirements
Any information would be great......
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #10
  • Sep 30, 2015 12:28pm Sep 30, 2015 12:28pm
I do not intend to teach cause from my opinion no one actually can teach someone to be traders. the best teacher is ourself. so what I can tell its about my experience. and yes my experience starting from similar capital. before that, I already blown several account with more big capital. now I continue my journey, grow my account, cash in withdrawal and pay lot of things from my starting up capital 300$, that is why I said it can be done. and I am sorry if I do not place trade explorer, cause I do not care someone believe or not what I said
this is some list from my experience:
* knowledge, there 2 big part. a> inner knowledge which means ourself. b>outter knowledge which means the market and the whole thing that connected
learn and dig deep about both of them, the big mistake that I do is I do not learn enough, I do not do dig deep enough. I think I already learn and make a correction, but actually I do not learn anything. what I do its only searching a technique, a method, a system etc. that is not learning, and nothing progress on doing that.
trading is an art. not enough by trying a method.
we don't predict, we only ride
  • #11
  • Sep 30, 2015 12:54pm Sep 30, 2015 12:54pm
cakrajaya - Your post hits home with me

Part of the reason for this thread is to look within myself and my Trading.
Seen a lot of Traders do well over the years while my trading has not progressed so putting the time and effort in to get that edge.
Nearly there just need to push that bit further.
Hopefully by me posting and reviewing my Trading will help.

I feel its unfair of me to lean on those that I have met and made it in Trading and have done it on there own.
Can't afford the ££££££ courses so have to work with Trial and Error. Slower way to learn but needs must.

Looking forward to the Challenge
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #12
  • Sep 30, 2015 1:17pm Sep 30, 2015 1:17pm
from my opinion and experience
1. I admitted that actually I in the dark, dark about what? dark about the outcome of the future even 5 minutes. for me now its not about prediction, I never predict anymore. long time ago I thought trading its about predicting ability but finally I admitted its not. this concept of view change me revolutionary on my trade execution.
2. band wagon effect concept. I bring this concept always in my head
3. enough, I must know when stop. yes forex is 24 hours market, but I must know when to stop join the game, enough with the profit and enjoy. cycle of trade, wait for next train come.


hope this usefull
regards
we don't predict, we only ride
  • #13
  • Sep 30, 2015 1:56pm Sep 30, 2015 1:56pm
Quoting cakrajaya
for me now its not about prediction, I never predict anymore. long time ago I thought trading its about predicting ability but finally I admitted its not.
Actually met Will Hunting and is the only Trader I've seen predict the Flow of the Market on a Weekly Basis.
If his courses where cheaper I would jump on his Education.
Currently got a Free Trial through Pure Line Forex of his Weekly Trade Note video (ending soon)

Great guy and still gives me the time of the day on Skype
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #14
  • Sep 30, 2015 10:19pm Sep 30, 2015 10:19pm
hi jd, looks like interesting , could u share your indicator and tpl file.
what ever it takes
  • #15
  • Oct 1, 2015 3:18am Oct 1, 2015 3:18am
Quoting vitzaza
hi jd, looks like interesting , could u share your indicator and tpl file.
Yeah sure, hope it works as never added Indicators on Forex Factory.

Attached File(s)
File Type: mq4 Magnified Market Price.mq4   2 KB | 359 downloads

Attached File(s)
File Type: ex4 Magnified Market Price.ex4   8 KB | 264 downloads

Attached File(s)
File Type: ex4 SpreadIndicator.ex4   5 KB | 284 downloads

Attached File(s)
File Type: mq4 Daily LinesBoxes(1).mq4   32 KB | 302 downloads

Attached File(s)
File Type: ex4 Daily LinesBoxes(1).ex4   72 KB | 274 downloads

Attached File(s)
File Type: mq4 0 HANDLES.mq4   4 KB | 312 downloads

Attached File(s)
File Type: ex4 0 HANDLES.ex4   9 KB | 258 downloads

Attached File(s)
File Type: mq4 50 HANDLES.mq4   4 KB | 304 downloads

Attached File(s)
File Type: ex4 50 HANDLES.ex4   9 KB | 267 downloads
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #16
  • Oct 1, 2015 3:23am Oct 1, 2015 3:23am
Attached File(s)
File Type: mq4 Watermark.mq4   5 KB | 328 downloads

Attached File(s)
File Type: ex4 Watermark.ex4   7 KB | 251 downloads

Attached File(s)
File Type: mq4 New_Candle_Alarm.mq4   1 KB | 269 downloads

Attached File(s)
File Type: ex4 New_Candle_Alarm.ex4   5 KB | 304 downloads


Once all added you can then add the Template File
Attached File(s)
File Type: tpl JD.tpl   67 KB | 294 downloads


None of these Indicators take or give Trades. Its up to the Trader to use as he or she sees fit.
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #17
  • Oct 1, 2015 3:25am Oct 1, 2015 3:25am
How to use Daily Line Boxes Indicator can be found on Forex Factory HERE
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #18
  • Oct 1, 2015 3:53am Oct 1, 2015 3:53am
Also a Trader I follow Will Hunting has a free Indicator from his Website wmd4x

Flow Indicator
Attached File(s)
File Type: ex4 PATi_v2.5-2xx.ex4   59 KB | 262 downloads


You can use instead of the Daily Line Boxes or with depending on what information you want displayed on the Charts
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #19
  • Oct 1, 2015 3:59am Oct 1, 2015 3:59am
The Financial Calendar is split into 4 Quarters.

Start of October till end of December is Q4. Good to have this Open Line marked on your Charts for Market Flow.
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
  • #20
  • Oct 1, 2015 1:42pm Oct 1, 2015 1:42pm
Test Video

Inserted Video


First video for The Weekly Forex Outlook this weekend.
Hit Subscribe ! so not to miss
"Art of Chart is the Easy Part, Trading the Candle you have to Han
Chart Challenge All Time Return: 3.0%
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