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Bandhab

  • #1
  • First Post: Dec 8, 2015 1:05am Dec 8, 2015 1:05am
Continuously loosing on real accounts when demo accounts performing well ..My worst money management skills making me sick .Talk to my grandfather regarding my trading strategy and other bad stuff's.. he help me to create a solid mathematical strategy , feeling confident .. want to start fresh .. lets see how its goes ..
"Know what you own, and know why you own it" — Peter Lynch
  • #2
  • Dec 8, 2015 2:15am Dec 8, 2015 2:15am
Mathamatical Point On USD JPY is 123.12 ..decided to match it .. First Trade for this Account .. Stoploss on lower side as Mathamatical Points comes with less drawdowns
"Know what you own, and know why you own it" — Peter Lynch
  • #3
  • Edited 10:50pm Dec 9, 2015 9:40am | Edited 10:50pm
No More idiotic stuff's .. taking it as a warning ... if this account blows no more trading till 2016

Trade No 1 :
Currency : NZDUSD
Trade Stoploss : 7.4 Pips
Trade Traget : Open
Trading Reason : Magic No. And Trend lines
Rules Followed : Strategy ( OK )
Strategy Taken : Magic (1) ( Followed Properly )
Chart Followed : 1 Mins
Lot Size : 0.02
UPDATE :
Trade result : Success
Trade Pips : 26pips
Closed reason : News Ahead Mental condition : taken my time.. stopped watching trading terminal or charts.calm trade and forget.
NEGATIVE: finding hard to resist over trading
Points for trading : 8/10
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 211 KB
Click to Enlarge Name: IMG_20151209_231918.jpg Size: 299 KB
"Know what you own, and know why you own it" — Peter Lynch
  • #4
  • Edited Dec 10, 2015 2:21am Dec 9, 2015 10:48pm | Edited Dec 10, 2015 2:21am
Trade No 2 :
Currency : EURUSD
Trade Stoploss : 6.3 Pips
Trade Traget : Open
Trading Reason : Magic No. And Trend lines
Rules Followed : Strategy ( OK )
Strategy Taken : Magic (1) ( Followed Properly )
Chart Followed : 5 Mins
Lot Size : 0.03

UPDATE : Stoploss Move to +1 Pips

UPDATE :
Trade result : Success
Trade Pips : 32.8 pips
Closed reason : Manually Closed , Market on Support
NEGATIVE: finding hard to resist over trading, Must Do something about this
Points for trading : 8/10
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 179 KB
Click to Enlarge Name: Profit.jpg Size: 91 KB
"Know what you own, and know why you own it" — Peter Lynch
  • #5
  • Dec 9, 2015 11:02pm Dec 9, 2015 11:02pm
Complete reading
Quote
Orabi's
Numerical Analysis

Thread Link : http://www.forexfactory.com/showthread.php?t=422500

Nice to read .. bit complicated if you new .. but honestly .. i found Orabi is very active and happy to help ...
"Know what you own, and know why you own it" — Peter Lynch
  • #6
  • Edited 2:14am Dec 10, 2015 1:38am | Edited 2:14am
Trade No : 3
Currency : GBPUSD
Trade Stoploss : 3.5 Pips
Trade Traget : Open
Trading Reason : Magic No. And Trend lines
Rules Followed : Strategy ( OK )
Strategy Taken : Magic (1) ( Followed Properly )
Chart Followed : 1 Mins
Lot Size : 0.03

Update : Stoploss Moved to +1 Pips

UPDATE :
Trade result : Success
Trade Pips : 0.9 pips
Closed reason : Positive Stoploss Hit
NEGATIVE: finding hard to resist over trading
Points for trading : 8/10
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 208 KB
Click to Enlarge Name: Profit.jpg Size: 94 KB
"Know what you own, and know why you own it" — Peter Lynch
  • #7
  • Edited 6:02am Dec 10, 2015 2:31am | Edited 6:02am
Trade No : 4
Currency : XAUUSD
Trade Stoploss : 10.8 Pips
Trade Traget : Open
Trading Reason : Magic No. And Trend lines
Rules Followed : Strategy ( OK )
Strategy Taken : Magic (2)Updated Rules ( Followed Properly )
Chart Followed : 1 Mins
Lot Size : 0.04

UPDATE :
Trade result : Success
Trade Pips : 0.59$
Closed reason : manually closed calculation mistake
NEGATIVE: a very bad calculation mistake but god help me to out with positive
Points for trading : 2/10
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 203 KB
Click to Enlarge Name: Profit.jpg Size: 12 KB
"Know what you own, and know why you own it" — Peter Lynch
  • #8
  • Dec 10, 2015 6:05am Dec 10, 2015 6:05am
Trade No : 5
Currency : AUD/USD
Trade Stoploss : 7.7 Pips
Trade Traget : Open
Trading Reason : Magic No. And Trend lines
Rules Followed : Strategy ( OK )
Strategy Taken : Magic (1) ( Followed Properly )
Chart Followed : 1 Mins
Lot Size : 0.04

UPDATE :
Trade result : Lost
Trade Pips : -7.7 pips
Closed reason : stoploss hit
NEGATIVE: Nothing special , this is the part of business
Points for trading : 8/10
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 90 KB
"Know what you own, and know why you own it" — Peter Lynch
  • #9
  • Dec 10, 2015 6:08am Dec 10, 2015 6:08am
Trade No : 6
Currency : AUD/USD
Trade Stoploss : 5.3 Pips
Trade Traget : Open
Trading Reason : Magic No. And Trend lines
Rules Followed : Strategy ( OK )
Strategy Taken : Magic (1) ( Followed Properly )
Chart Followed : 1 Mins
Lot Size : 0.04


UPDATE :
Trade result : Success
Trade Pips : 10.9 pips
Closed reason : News Ahead , Manually closed
NEGATIVE: nothing negative , followed all the rules
Points for trading : 8/10
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 83 KB
"Know what you own, and know why you own it" — Peter Lynch
  • #10
  • Dec 10, 2015 8:12am Dec 10, 2015 8:12am
Trade No : 7 & 8
Currency : NZD/USD
Trade Stoploss : 15 Pips ( Total Two Trades )
Trade Traget : Open
Trading Reason : Magic No. And Trend lines
Rules Followed : Strategy ( No )
Strategy Taken : Magic (1) ( Not Followed Properly )
Chart Followed : 1 Mins
Lot Size : 0.04 + 0.04


UPDATE :
Trade result : Lost
Trade Pips : 15 pips
Closed reason : Stopped Out
NEGATIVE: ridiculous Trade no Where near my strategy
Points for trading : 0/10
Attached Image
"Know what you own, and know why you own it" — Peter Lynch
  • #11
  • Edited 10:49pm Dec 10, 2015 8:15am | Edited 10:49pm
Trade No : 9
Currency : Xau/USD
Trade Stoploss : 14.8 Pips
Trade Traget : Open
Trading Reason : Magic No. And Trend lines
Rules Followed : Strategy ( No )
Strategy Taken : Magic (2) ( Followed Properly )
Chart Followed : 1 Mins
Lot Size : 0.03

UPDATE :
Trade result : Lost
Trade Pips : 4.60$
Closed reason : Stopped Out
NEGATIVE: Part of Business
Points for trading : 0/10
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 173 KB
Click to Enlarge Name: Profit.jpg Size: 10 KB
"Know what you own, and know why you own it" — Peter Lynch
  • #12
  • Dec 10, 2015 10:53pm Dec 10, 2015 10:53pm
Trade No : 10 to 16
Currency : ramdom
Trade Stoploss : 45.5
Trade Traget : Open
Trading Reason : Magic No. And Trend lines
Rules Followed : Strategy ( No )
Strategy Taken : Magic (2) ( No Near of It )
Chart Followed : 1 Mins
Lot Size : 0.03 to 0.07

UPDATE :
Trade result : Lost
Trade Pips : -45.5(lost)
Closed reason : Stopped Out
NEGATIVE:Idiotic Rampage of overtrading
Attached Image (click to enlarge)
Click to Enlarge Name: Profit.jpg Size: 65 KB
"Know what you own, and know why you own it" — Peter Lynch
  • #13
  • Dec 10, 2015 11:44pm Dec 10, 2015 11:44pm
Trade No : 17 to 19
Currency : ramdom
Trade Stoploss :
Trade Traget : Open
Trading Reason : Magic No. And Trend lines
Rules Followed : Strategy ( No )
Strategy Taken : Magic (2)
Chart Followed : 1 Mins
Lot Size : 0.03

UPDATE :
Trade result : Success
Trade Pips :+25.9
Closed reason : Stopped Out
NEGATIVE:Idiotic Rampage of over trading
Attached Image
"Know what you own, and know why you own it" — Peter Lynch
  • #14
  • Mar 10, 2016 9:08am Mar 10, 2016 9:08am
Pheewww ... Feels great when everything doing well , i have a great reputation to reach 400% and blow account ! lol ... i must master the patience part as soon as possible ...

anyways

its

1. 20( Base Value )
2. 20+20=40
3. 40+30=70
4. 70+40=110( Not Reached )
"Know what you own, and know why you own it" — Peter Lynch
  • #15
  • Mar 24, 2016 1:17am Mar 24, 2016 1:17am
Tremendous Bad trading ! done by me .. Need to write every thing on Journal now on. of this new account

Trade : 1

Currency : USDCHF
Time Frame : 5 Mins
Stop loss : 20 Points

Watching USDCHF closely . Hangman type of patterns can seen on Higher timeframes of this currency pair. situation seems sideways and non volatile . Perfect for entry with low spreads and tight stoploss . waited for a while for see market creating lower low on 5 mins charts ... after a lower low .. waited for a rejection on fibo. entered after breaking low of rejection candle . Stoploss is 20 Pips target estimated 60 points .. lets see how it goes
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF m15 (03-24-2016 1138).png Size: 51 KB
"Know what you own, and know why you own it" — Peter Lynch
  • #16
  • Apr 12, 2016 5:54am Apr 12, 2016 5:54am
0.02 = 20 + 20 = 40
0.03 = 40 + 30 = 70
0.04 = 70 + 40 = 110
0.05 = 110 + 50 = 160
0.06 = 160 + 60 = 220
0.07 = 220+ 70 = 290
0.08 = 290 + 80 = 370
0.09 = 370 + 90 = 460
0.10 = 460 + 100 = 560
"Know what you own, and know why you own it" — Peter Lynch
  • #17
  • Apr 16, 2016 5:21am Apr 16, 2016 5:21am
Gyanpapi : if you are open to positive criticism , well I have some advise for you to work on immediately.
Please have a look at your trade report in your uploaded TE. The max draw down is -88%. (picture attached)
A few more pips against you or slippage where spreads vary for additional pips and your account would have been "Margin Called."
Work on this where your draw down does not go to such levels again.
You can either work on it or ignore it, it is your choice.
Attached Image (click to enlarge)
Click to Enlarge Name: Bandhab DD.jpg Size: 152 KB
When the going gets tough , the tough get going
  • #18
  • Apr 18, 2016 11:41am Apr 18, 2016 11:41am
Quoting Stubborn
Gyanpapi : if you are open to positive criticism , well I have some advise for you to work on immediately. Please have a look at your trade report in your uploaded TE. The max draw down is -88%. (picture attached) A few more pips against you or slippage where spreads vary for additional pips and your account would have been "Margin Called." Work on this where your draw down does not go to such levels again. You can either work on it or ignore it, it is your choice. {image}
This above advice was given on Saturday and by coincidence you have blown your account today(Monday). Drawdown of 98.5%.

Overall the account was profitable as you withdrew $117.58 but finally margin called on last account balance.

You have the capability to perform but you need to work on consistency.
All the best friend.
Attached Image (click to enlarge)
Click to Enlarge Name: Margin Called.jpg Size: 161 KB
When the going gets tough , the tough get going
  • #19
  • Apr 28, 2016 9:56am Apr 28, 2016 9:56am
Quoting Stubborn
{quote} This above advice was given on Saturday and by coincidence you have blown your account today(Monday). Drawdown of 98.5%. Overall the account was profitable as you withdrew $117.58 but finally margin called on last account balance. You have the capability to perform but you need to work on consistency. All the best friend. {image}

Thanks for your advice ... the major problem is Lot Size ... i need to follow proper money management .. i am setting it up for few days ... and the all lost !!! there a gambler inside me .. i need to kill him!
"Know what you own, and know why you own it" — Peter Lynch
  • #20
  • Apr 28, 2016 9:58am Apr 28, 2016 9:58am
GBP USD looks with great RR

Bias looks downwards

Sold 14581 with stopl loss 14594 target open on fib resistance
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD m5 (04-28-2016 2024).png Size: 59 KB
"Know what you own, and know why you own it" — Peter Lynch
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