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SAINT's Free Account Concept- $100 to $0.1 Million - Attempt Journal

  • #161
  • Nov 24, 2015 1:03am Nov 24, 2015 1:03am
NZDUSD

http://www.forexfactory.com/showthre...43#post8607043
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #162
  • Nov 24, 2015 10:57pm Nov 24, 2015 10:57pm
Quoting forexsaint
NZDUSD http://www.forexfactory.com/showthre...43#post8607043
I woke up today and saw NU up and I said wow Forexsaint did it again but when I look at your profile I saw that you reversed short. Ah oh well half way there. Go make FXPro cry again .
  • #163
  • Nov 25, 2015 1:56am Nov 25, 2015 1:56am
USDCAD

http://www.forexfactory.com/showthre...79#post8609379
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #164
  • Nov 25, 2015 2:25am Nov 25, 2015 2:25am
Quoting forexsaint
NZDUSD http://www.forexfactory.com/showthre...43#post8607043
M15 TF
Attached Image (click to enlarge)
Click to Enlarge Name: 2015_11_25_NZDUSD_M15_PerfectBearTrap_BullReversal_Made100Fold.jpg Size: 105 KB


- As expected , though with a nice BEAR trap to test LOD of 6502(marked in square)..which i didnt expect, before the major upmove
- Bears got nicely squeezed Cautioned multiple time here & on Twitter
https://twitter.com/ForexSaint/statu...11211846410240
- 6568 till now and still bidding . LVL's mentioned before are IMP and PA at those levels wud give further info
- Retrace to Gr B RES 6550 (6560) possible


- Bad that this account's accumulated 13+ lots (@6519) got out at BE on downmove & upmove from LOD was pretty quick to loadup longs again (Sometimes not possible when handling other accounts (conventional & aggressive both))
- In anyway, ~9 lots longs were loaded at halt of 6528 for upmove & again alas they were booked around new HOD @ 6545 (before the major upmove came) due to time zone issues. (Dont believe in stops on large positions in such accounts in thin liquidity of late NY session).
- Scalp shorts were taken @ 6550 and again bailed out at BE (as liquidity was think and small TF moves were awkward)
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #165
  • Nov 25, 2015 2:45am Nov 25, 2015 2:45am
Quoting Gdi
{quote} Hi forexsaint, May I ask how do you do where bids and interest is? Are you looking at S & R zones, or do you use some type of service for this. Looking to see if they have a board that shows where people are buying for free. Thanks mate.
If one knows how to read PA, especially on lower TF's at nicely evaluated S & R LVL's/Zones, one can see smart bids/offers coming in/Booking off on a non bucketshop broker price feed with volume (even on a best among the bucketshop broker feeds)...(yeah even with that non centralized fx volume feed, you can read a lot into price)

As regards me, i do the same but yes i get similar info on bids/offers (along with price LVL's) from some mediocre/ok-ok institutional guys . That kind of makes sure i corroborate and i dont miss a IMP LVL (just in case)
If you search around, there are guys on Twitter who tweet similar kind of info too (for free) & then u can collaborate with ur analysis.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #166
  • Edited 3:39am Nov 25, 2015 3:17am | Edited 3:39am
Quoting maflip
{quote} I woke up today and saw NU up and I said wow Forexsaint did it again but when I look at your profile I saw that you reversed short. Ah oh well half way there. Go make FXPro cry again .
LOL. yeah the move was expected but not the test of LOD again..as i said in detail in 2nd last post.
Shorts were a very small TF scalp trade, else acc wud have been dead by now.
Some longs were taken before and booked earlier for small profits (yeah could have let them run on stops..but sometimes moves in antipodean & yen currencies come at awkward times, which dont suit many tradee time zones

But that doesnt mean i trade this account only... generated quite a % by morning, in less aggressive accounts, which held the larger SL's(room for trade to play)

The thing is, when u r trading such high risk,in position sizing (literally low risk though if one sees the R:R) and have equity targets in mind, decisions are not always PERFECT. As simple as that. Thats why such acc's break and why milking is important for them.

Half way there? this aint 100 fold thing . You missed a 0
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #167
  • Nov 25, 2015 6:59am Nov 25, 2015 6:59am
Quoting forexsaint
{quote} LOL. yeah the move was expected but not the test of LOD again..as i said in detail in 2nd last post. Shorts were a very small TF scalp trade, else acc wud have been dead by now. Some longs were taken before and booked earlier for small profits (yeah could have let them run on stops..but sometimes moves in antipodean & yen currencies come at awkward times, which dont suit many tradee time zones But that doesnt mean i trade this account only... generated quite a % by morning, in less aggressive accounts, which held the larger SL's(room for...
Wow 1000 fold challenge now. Go for it.
  • #168
  • Edited 7:37am Nov 25, 2015 7:26am | Edited 7:37am
NZDUSD

✔H1 TF, Bullish InvH&S (atypical left shoulder) w neck @ 6580
✔H4 TF, Bullish InvH&S (Typical) w neck @ Gr AA LVL 6620

WATCHOUT
#fx
https://twitter.com/ForexSaint/statu...06781723279360


NOTE: US data ahead
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #169
  • Nov 25, 2015 7:35am Nov 25, 2015 7:35am
Quoting forexsaint
NZDUSD ✔H1 TF, Bullish InvH&S (atypical left shoulder) w neck @ 6780 ✔H4 TF, Bullish InvH&S (Typical) w neck @ Gr AA LVL 6620 WATCHOUT #fx https://twitter.com/ForexSaint/statu...06781723279360 NOTE: US data ahead
very interesting...
for me this is another attempt to make a higher high but i speculate it can't make it. back to 6520
Attached Image (click to enlarge)
Click to Enlarge Name: Picture.png Size: 37 KB
As Above, So Below
  • #170
  • Nov 25, 2015 7:39am Nov 25, 2015 7:39am
Quoting tashkent
{quote} very interesting... for me this is another attempt to make a higher high but i speculate it can't make it. back to 6520 {image}
Yeah lets see
Have to Wait and watch. my BIAS remains Bullish above 6530

EDIT. In last post H1 neck @ 6580 not 6780 as i posted
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #171
  • Nov 25, 2015 7:40am Nov 25, 2015 7:40am
looks like you are capitalising each pip movement to the max.
May I know how you are able to place 14 lots with a 5k capital account?
  • #172
  • Nov 25, 2015 7:41am Nov 25, 2015 7:41am
NZDUSD

one more thing
AUDNZD could retrace..i feel it has capped out (cause of resilience against retracement as compared to AUDUSD)
Further, have been noticed smart bids/interest @ 6550 (todays LOD) and a GrB RES TURNED GrA SUP now

lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #173
  • Nov 25, 2015 7:47am Nov 25, 2015 7:47am
NZDUSD
Price is again back to LOD
Looking at small TF PA, any move above 6566 NOW.. means a more or less sureshot jab at HOD and prolly break for 6620 (a Gr AA RES..very IMP LVL)

So Better to not get bear trapped, AGAIN
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #174
  • Nov 25, 2015 9:15am Nov 25, 2015 9:15am
USDCAD
http://www.forexfactory.com/showthre...94#post8610394
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #175
  • Nov 25, 2015 10:41am Nov 25, 2015 10:41am
NZDUSD

M5 TF
Attached Image (click to enlarge)
Click to Enlarge Name: 2015_11_25_NZDUSD_M5_Longs_SmartBids_DemandInterest_BearTrap_Wicks_PA.jpg Size: 81 KB


M30 TF
Attached Image (click to enlarge)
Click to Enlarge Name: consolidation break.jpg Size: 29 KB


Prolly these 2 images wud explain it all
1st image
Even basic PA rules say (without any corroborating evidence/supporting odds) that those number of wicks at a RES turned SUP LVL (6550 in this case), after a quite big upmove) explain the huge demand down there.
Personally wud NEVER short such price

2nd image
what happened after it broke that consolidation
(BTW H1 TF IB has broken to the upside there too)

So atleast as of now trend is up. Lets see how price deals with HOD @ 6580
For more upside pressure, ofc shd not get back down to 6550's again (esp quickly)

Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #176
  • Nov 25, 2015 9:36pm Nov 25, 2015 9:36pm
USDCAD
http://www.forexfactory.com/showthre...43#post8611343

NZDUSD
- Lovely move till now (even after a AUD's 30yr worse capex led spike down). 6580 taken out..Testing 6600 now
- Gr AA RES 6620 above... Break if any wud mean a squeeze for even 6700 (today itself)
- Its relatively thin liquidity day..keep in mind

Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #177
  • Nov 25, 2015 11:01pm Nov 25, 2015 11:01pm
NZDUSD

- Getting offered @ 6600 and seem to have lost momo (esp wuth AUD spanked by data hard;recovering though)
- Limited retraces can keep the option open for testing the IMP Gr AA RES 6620 (quite a offers up there) but deep retrace , if any, wud make it difficult
- A KISS chart - Past bearish H&S, completing bullish Inv H&S & 2 TL's telling the importance of 6620 and why if broken, can start a bear squeeze, just in case

H4 TF
Attached Image (click to enlarge)
Click to Enlarge Name: 2015_11_26_NZDUSD_H4_Longs_Confluence_RES_InvHnS_SUPtirnedRES.JPG Size: 97 KB
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #178
  • Nov 26, 2015 1:00am Nov 26, 2015 1:00am
Quoting tradeforlife
looks like you are capitalising each pip movement to the max. May I know how you are able to place 14 lots with a 5k capital account?
Hi man, I will try to answer this question. I believe the calculation for M(margin)=[L(lot)*P(price)]/L(leverage)

So,
Margin= x(we dont know)
Lot=14 std lot = 140000
Price=0.6590 (average)
Leverage= 500

So the margin required is as below;

Margin= [140000*0.6590]/500
so, Margin required to open 14 std lot is $184.52.
*please correct me if i'm wrong
  • #179
  • Nov 26, 2015 3:05am Nov 26, 2015 3:05am
Quoting grimjaw
{quote} Hi man, I will try to answer this question. I believe the calculation for M(margin)=[L(lot)*P(price)]/L(leverage) So, Margin= x(we dont know) Lot=14 std lot = 140000 Price=0.6590 (average) Leverage= 500 So the margin required is as below; Margin= [140000*0.6590]/500 so, Margin required to open 14 std lot is $184.52. *please correct me if i'm wrong
14 lot is 1,400,000 not 140,000
  • #180
  • Nov 26, 2015 3:18am Nov 26, 2015 3:18am
Quoting Bicarus
{quote} 14 lot is 1,400,000 not 140,000
Thank you.
So the correct Margin is $1845.2
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