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

  • #221
  • Jan 26, 2016 3:42am Jan 26, 2016 3:42am
Quoting forexsaint
{quote} - Have this habit of Grading LVL's (SUP & RES both) regarding their Importance on charts, based on PA, Demand & Supply zones, confluence with simple patterns, TL's & sometimes Fibs) - When two levels are close they form a range zone - Lower TF charts give weak LVL's & higher TF chart analysis gives stronger LVL's In order of importance/strength Grade AAA (strongest) Gr AA Gr A Gr B Gr C (Weakest) Nothing special. Just helps one keep things in perspective when looking to place SL. TP, Scale In, Scale out, etc P.S. and when i am quite drunk,...

On average how long does it take for you to reach 1000% ROI, and what advice would you give other traders trying to do what you are doing phsycologicaly
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #222
  • Jan 26, 2016 7:46am Jan 26, 2016 7:46am
AUDUSD

- 6996 till now
- Added to Longs
- Nice Previous H4 Candle Wick at important SUP LVL
- Lovely Looking D1 TF Bar forming, again with nice wick rejection of 6900's .Anything abv 6980 in close is good for bulls
- Bear Stops stops noted ~7050 & Good amount around ~711. Just In case
- Australian CPI in 12 hours or so. Very IMP

M1 TF (yeah entries are on M1 chart; Lot of noise yes)
- Last 7 hours of candles... bears nowhere in sight
- Sustained Buying from Daily Lows (Good sign of Buy interest and bleak selling pressure)
- Just a 15 pip retrace & right now breaking that quick
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard05AUDUSD.jpg Size: 258 KB


Lets WnW whats high for today
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #223
  • Jan 26, 2016 8:05am Jan 26, 2016 8:05am
Quoting Soros
{quote} On average how long does it take for you to reach 1000% ROI, and what advice would you give other traders trying to do what you are doing phsycologicaly
Anything from 2 minutes (if positioned before a well judged/expected data/decision/statement release) to few days in case of slow move
There is no Time frame expectations in such trading. Have loads of varied attempt experiences from balance in negative of 800$ which was a 50$ attempt(ofcourse broker had negative balance protection) to ~23000%+ ROI on some attempt at some point.
But Yes no point spending too much time on it either in early stages of account (time is money too)

Nothing much to advise..i am not a Saint u see
Such Tiny Accounts indeed are great way to learn PA, test/try things (esp high risk strategies(even news related)..not advised for newbies though), some excitement when bored, and Minute Risk:Reward ratios if they run good.
But without some plan and rules in place, they end up in seconds (like many i have flushed down the drain due to complacency of being a tiny account and ofcourse wrong analysis/bias)
"Free Trade" is a great concept (use in my usual trading) & "Free Account" a similar concept in this type of trading. Both have great psychological kick. One has to apply them in trading to learn & understand
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #224
  • Jan 26, 2016 6:47pm Jan 26, 2016 6:47pm
AUDUSD

- Very nice yesterday D1 TF candle look (bullish)
- Had scaled in more
- CPI beats expectations 0.4% ..pops 60 pips till now

H4 TF
- Completes the Bullish Inv H&S pattern (arithmetic typical target about 220 pips from neckline)
- Looking for breakout (i am waiting for the quality of Bullish PA above 7050 to know how committed are bulls)
- Watchout for bear Stops around 7050 https://twitter.com/ForexSaint/statu...74499294666752
Attached Image (click to enlarge)
Click to Enlarge Name: 2016_01_27_AUDUSD_H4_PreBreakout_Bullish_InvHnS.jpg Size: 272 KB


AUDNZD
- Pops nicely
- WATCHOUT for its breakout too (if so).Very IMPORTANT. Watching that IMP TL RES

Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #225
  • Jan 27, 2016 2:49am Jan 27, 2016 2:49am
Update 66,67,68,69,70 done in 1st post.


-1st Stage completed. Account a PFA now.


AUDUSD
- Bullish momentum seems fatiqued
- Price was not able to clear those stops lined above 7050 (remains Daily HOD till now) with bears further accumulating shorts thinking of triple top (and some bull profit booking)
- Small TF PA is choppy with no clear indications. Looks like a small retrace might come to 6990's, so booked out of longs. Would reenter again. Retrace might not come too (looking at h4 bar closing in 1 hour..has a nice bull rejection wick as till now)
- Ofcourse FOMC and generalized flows across the board might give the catalysts for further moves ..upward(prolly) or down


Lets WaitnWatch
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #226
  • Jan 27, 2016 8:00am Jan 27, 2016 8:00am
AUDUSD
- Finally clears bear stops above 7050 and quick 7068 till now.
- Personally not liking the PA of this upside break on any TF below H4. So also Just booking out most longs @ 7063 (in usual trading accounts) and would wait for FOMC and RBNZ (might trade NZDUSD depending upon any extent of forward guidance & PA)
- Sitting on sidelines (even itching to short on attempt account but would hold)

AUDNZD
- Again modest gains ..TL RES @ ~1.0850 still kinda holds
- RBNZ event wud decide the direction

GBPJPY & esp GBPUSD
can be good LONG plays in case of broad USD weakness. Keeping an eye

GOLD
- Personally carrying longs since jan 22nd. IMO 2016 Lows are done.
- Bear Squeeze above 1140 possible
- Long term..Monthly TF ..looking @ >1300 by mid year or so (even in my sentiment settings)


Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #227
  • Jan 28, 2016 2:37am Jan 28, 2016 2:37am
AUDUSD
- Post FOMC & RBNZ drag retrace to 7000. Last D1 TF Candle a good one for bears
- 6990's was expected . some pending orders i placed didnt trigger. Did add some longs for usual trading (but again some orders went in only)
- Now back to 7070's. Looking at PA, looks like it might job around these last daily highs for some time
- On upside missed mentioning another LVL 7125 (Gr A) which might attract bears and retrace back to 7150's possible
- Overall whole upside would be met with good amount of bears till 7170-7200 zone is taken out


AUDNZD
- Post RBNZ statement(and jawboning of NZD) at last finally broke 1.0850 and IMP TL RES & currently hitting Weekly Highs of 1.0950
- Was quite expected from RBNZ. Had take some positions and they playing out good being up ~ 600%
- As mentioned before, its a Large TF bias and AUDNZD has its own share of chop (so might be going in and out)
- On Upside RES @ 1.1000 (GrAA) , 1.1080(Gr AAA), 1.1180(GrA), 1.1450(Gr AAAA)
- On Downside SUP @ 1.0750 (Gr AA), 1.0500 (Gr AAA)
- On H4 TF, watch a classical BOWL Reversal or Bearish rejection (with bowl neck @ 1.1080)

W1 TF
Attached Image (click to enlarge)
Click to Enlarge Name: 2016_01_28_AUDNZD_W1_Longs_PossibleReversal.jpg Size: 232 KB



GBPUSD
- Post FOMC took some longs around ~ 4250's but kinda not good LVL(and also sizes were on up side unlike the plan). Should have waited for 4230's
- GDP Data is next and more possibility of not good number (thanks to spending falling in last 2 months out of 2), so looking to get light or close positions
- Might re-enter later on break of H4 TF Bearish pennant (almost complete) to downside(possible)..say 4190's, If like the PA there
- GBPJPY looks a better play than GBPUSD but thats one hell of a volatile dragon. Anyway BOJ kurodo is next, on Friday,for all JPY pair directions


Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #228
  • Jan 28, 2016 3:41am Jan 28, 2016 3:41am
GBPUSD
- GDP data NOT in line with expectations(IMO many were expecting a bad number to drive it down further)
and cable inching up (thanks to quite a disappointing data on multiple front and CB jawboning of no rate rise possibilities, in PAST few months).
- Kind held the longs; will keep tight stops


GBPJPY
H4 TF
- Atypical Inv HnS.... More a bearish pennant..but anyway a correction rally/upside possible on break of that TL. Keep a watch
- Kinda looks oversold to me and bears might add up there
Attached Image (click to enlarge)
Click to Enlarge Name: 2016_01_28_GBPJPY_H4_Atypical_InvHnS_Longs_Correction_Oversold.jpg Size: 118 KB



Lets WnWatch
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #229
  • Jan 28, 2016 4:17am Jan 28, 2016 4:17am
Quoting forexsaint
GBPUSD - GDP data NOT in line with expectations(IMO many were expecting a bad number to drive it down further) and cable inching up (thanks to quite a disappointing data on multiple front and CB jawboning of no rate rise possibilities, in PAST few months). - Kind held the longs; will keep tight stops GBPJPY H4 TF - Atypical Inv HnS.... More a bearish pennant..but anyway a correction rally/upside possible on break of that TL. Keep a watch - Kinda looks oversold to me and bears might add up there {image} Lets WnWatch
Hello sir
I have been folowing you since a few weeks and found most of your values denoted and market reactions are excellent and quite admirable. I have a small question. I want the algorithm trade values for some of the pairs. Can you help me in this. Thanks in advance for your time.
The values required are for the following EUR with SGD ,,, ZAR,, TRY,, then SGD with JPY.. Then i have the folloing with USD ,, they are MXN ,, NOX,, PLN,,RUB,,SEK,,TRY,,ZAR,,XAG and XAU...
I have no knowledge of these. Rest i have got it, Pls do help
Warm Regards
Kiran
  • #230
  • Edited 7:15am Jan 28, 2016 6:44am | Edited 7:15am
GBPUSD
Currently 4302
On M5 TF- Bullish DoubleBottom
On M30 TF- Bullish Inv H&S(Right shoulder forming)
On H4 TF- Bullish Inv H&S(atypical)
WATCHOUT, just in case, it moves up
https://twitter.com/ForexSaint/statu...87726420688897

On Downside, break below 1.4228 kinda nullifies 2 of above
On Upside, effective break above 4400 can make a possible short covering (minor bear squeeze) to 1.45 quick enough


A tricky yet possible setup, but yes with weak odds
Lets WnW

P.S. Forgot to add ..on H4 Bearish Wedge (completing) too . Wud ofc get nullified if breaks 4380-4400 zone
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #231
  • Edited 8:52am Jan 28, 2016 8:26am | Edited 8:52am
AUDUSD
- That 7125 GrA LVL done. Its not a major LVL. 7170-7200 Gr AA zone next, if upside continues without much retrace
- Commo currencies mainly CAD leading the pack post that Oil bear kicking going on post following
REUTERS- Russian Energy Minister Novak: Saudi proposed to cut production by each country by up to 5%

GBPUSD
- Perfectly playing the bull BIAS till now. Setups mentioned working fine. See a sustained upside interest on lower TF
- Break of 1.44 (Gr AA RES) is the key IMO for start of squeeze on H4 TF and below
- It might take a while but will IMO
- Liking that D1 TF candle. Railroad retrace till now. Lets see how it closes

AUDNZD
Testing and prolly about to break that RES 1.0950

Attempt nicely up +4000%
Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #232
  • Jan 28, 2016 9:57pm Jan 28, 2016 9:57pm
Quoting forexsaint
GBPJPY H4 TF - Atypical Inv HnS.... More a bearish pennant..but anyway a correction rally/upside possible on break of that TL. Keep a watch - Kinda looks oversold to me and bears might add up there {image} Lets WnWatch
GBPUSD
- 1.44 done but not EFFECTIVELY broken as was needed
- Looking to jab at it again if doesnt move below 1.4330's again

GBPJPY
- That bear squeeze.... loved it following
"BoJ Adopts Negative Interest Rate: -0.1%; Votes 5-4 On Negegative Rates"
Attached Image (click to enlarge)
Click to Enlarge Name: 2016_01_29_GBPJPY_H4_Atypical_InvHnS_Longs_Correction_Oversold_Bear Squeeze.jpg Size: 83 KB
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #233
  • Jan 29, 2016 1:02am Jan 29, 2016 1:02am
GBPUSD

MN TF
Attached Image (click to enlarge)
Click to Enlarge Name: 2016_01_29_GBPUSD_D1_HnS_Possible_Fakey_5yrLows.jpg Size: 233 KB


Just a food of thought for long TF(less odds as of now..depend upon further PA)
- What if somehow we even close around ~ 1.45 today (last day of month(and FRY'DAY)) & that long rejection wick on MN Candle ?
- What if this break of bearish HnS everyone talked about was a fakey?
- What if these 5 year lows are one and done (for this year or so)?
- Would you still be bear (shorting it here or waiting for some upside to add/reinitiate shorts) or bull (looking to catch the correction & even possible reversal)?
Questions i ask myself

Less odds i know with such a bearish sentiment around and pounding of pound, but just in case


Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #234
  • Jan 29, 2016 4:56am Jan 29, 2016 4:56am
Quoting forexsaint
GBPUSD MN TF {image} Just a food of thought for long TF(less odds as of now..depend upon further PA) - What if somehow we even close around ~ 1.45 today (last day of month(and FRY'DAY)) & that long rejection wick on MN Candle ?
GBPUSD
- Looks like monthly closing below 1.43 rather than 1.45
- Month end EURGBP buying (and a french paper buying news) tanking GBP
- Bad trading...even after being out of longs @ BE @ 1.4445, added long again.
- Account equity back to 200%

Either will break it today or will trade next week
Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #235
  • Feb 10, 2016 10:10am Feb 10, 2016 10:10am
Quoting forexsaint
AUDUSD - Didnt really expect to see 6920's (wanted price to end retrace @ 6950's) but it hit and as posted till 6020's remains a buy on Dip for me - Currently hitting 6950's..lets see the PA. Would want a quick move to 6980's first telling interest of bulls. holds above then 7050 retest likely soon - IMP LVL's as mentioned in previous post remain same H4 TF - Inv H&S right shoulder forming - Liking the current long wick on H4 bar if forms {image} W1 TF - Blue Line is a Multi-Year SUP Cum RES LVL (shd have drawn as a range zone rather) - 7170-7200(GrAA...
AUDUSD
- Continuation of previous higher TF BIAS as posted in quoted post. 7200 was done but bulls could not hold above and as expected bears took control.
- After a retracement back down, possibility of upmove again
- On D1 TF, Right shoulder of possible Inv H&S forming
- On H1 TF too we have a completing Inv H&S.
- On upside, all major LVL's remain same more or less

D1 TF
Attached Image (click to enlarge)
Click to Enlarge Name: 2016_02_10_AUDUSD_D1_Longs_Possible_InvHnS_Reversal_HighTF.jpg Size: 282 KB



Lets WnW



Previous attempt got toast same day. Explorer has connectivity issues since days. Danny from FF's explorer support is trying to correct the issue.
GBPUSD bullish bias played out great to hit 1.46+ but only after toasting the account.
Thats an inherent problem with small accounts being traded on high leverage and missing sometimes to take control of sharp retraces (esp in cases like currently volatile GBPUSD)
Have started a new attempt will post details later
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #236
  • Mar 16, 2016 8:57am Mar 16, 2016 8:57am
Quoting forexsaint
{quote} AUDUSD - Continuation of previous higher TF BIAS as posted in quoted post. 7200 was done but bulls could not hold above and as expected bears took control. - After a retracement back down, possibility of upmove again - On D1 TF, Right shoulder of possible Inv H&S forming - On H1 TF too we have a completing Inv H&S. - On upside, all major LVL's remain same more or less D1 TF {image}
AUDUSD played out Good (and so with it the AUDNZD Bullish BIAS(atleast till now; 1.13 till now))

Attached Image (click to enlarge)
Click to Enlarge Name: 2016_03_16_AUDUSD_D1_Longs_FollowThrough_InvHnS_Reversal_HighTF.jpg Size: 249 KB

- Posted higher TF LVL's played out good
- 7530 (GrAA) got hit till now
- Clean move from 7100 to 7590's
- Now retracing. SUP's @ 7400 (GrAA), 7250 (GrAAA)
- IMO it might consolidate/range for some time now, except ofcourse china starts having issues again..which may bring in the pressure
(Break below 7100 nullifies the whole upmove for me)

Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #237
  • Jun 23, 2016 11:56pm Jun 23, 2016 11:56pm
OMG
So much fun tweeting on Twitter
Posted Live Quick Vote results & Bias
https://twitter.com/ForexSaint/statu...37661136482304
https://twitter.com/ForexSaint/statu...64786556112896
Loved GBPUSD/GBPBJPY moves(at least till now)

#GOLD
Attached Image

- The BEST THING
- Updated FIRM Sentiment on Nov 6 ($1085) for June-July Highs for $1350
- 1350 DONE, at last (one of the LONGEST holding BIASED trade for me)


P.S. Just logged in after many months, Such events are rare
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #238
  • Jun 24, 2016 12:32am Jun 24, 2016 12:32am
Futures S&P: -5%
FTSE: -9%
DAX: -9%
Nikkei: -8%
Crude: -6%
Pound: -10%
Euro: -4%
Dollar Index: +4%
Gold: +6%
30-Yr Treasury: +4%
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #239
  • Jun 27, 2016 8:33am Jun 27, 2016 8:33am
Update 71,72,73 done in 1st post.

-Margin conditions are back to normal after a BIG weak. Good week for usual trading ..
- Took some commo shots on friday day end itself (Bearish about NZDUSD more than AUD , thanks to AUDNZD bullish BIAS)
- Looking to milk some moves here. See opportunities in many pairs.
-Will post some long term charts too. (have been building positions around them in usual trading)
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #240
  • Jun 30, 2016 2:12am Jun 30, 2016 2:12am
Update 74 done in 1st post.
Attempt over,after reaching 230% profits
EURUSD upside extended more than expected


EURUSD
Bias Short
Details - http://www.forexfactory.com/showthre...20#post9007820

Will try Posting on GBPUSD & NZDUSD too, See good opportunities in them too
Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
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