Cable Update (GBPUSD)
{quote} No demo account still testing my strategy. Finally found one that I am comfortably with, it only took 1 year. If It is profitable in the long run and I can hit a few goals in 1 year I'm going live.How about you?
{quote} No demo account still testing my strategy. Finally found one that I am comfortably with, it only took 1 year. If It is profitable in the long run and I can hit a few goals in 1 year I'm going live.
{quote} I posted my live account trades for today, up 2K it's peanut butter change but still better then zero. I will be posting my live trade setups as I see them come in.
I got in EUR GBP trade with almost 20 std lots, but the price action was mixed, so I decided to exit with a small profit.
Today posted setups on GU, nothing groundbreaking, but if you took them you'd be up by 60 points.
demo is a time wasting experience trade with real money, at least on a micro account. I can turn 1K into a million in demo don't mean I can do the same on a live account. Totally different experience.
My strategy is trading reversal patterns sometimes I do smaller trades, today EG trade went against me so I closed it. Here's EUR GBP wolfe wave setup. The deal is locating a proper entry. Also demo is emotionally detached trading. The way I trade is I go in with big lot's once I have a confirmed entry, let's say 10-20 standard lots. Timing your entry is critical. If you go in at the wrong time you have -2K or -4K running balance. Demo you couldn't care less, you blow one account up you start a new one. In real live trading you can't do that.
{quote} Interesting, you should have over 2.5 mil in 4 months then?
I started my own thread in the journals section to post my live trades on GU, I'll post in here also. Probably starting Monday next week, Friday is a sleeping hollow day.
{quote} ))) Well good luck locating a broker who would let you withdraw that much with 1:200/1:400 leverage. The way I do it is 25K to 100K draw it out rinse and repeat. Yous can't really scale this to 7 figures.
{quote} I didn't know you were intending on withdrawing so much at a time... why not just trade up to 2 mil and then withdraw money whenever you want...CityIndex will let you withdraw 20k at a time and place no restrictions on the amount in one day...
{quote} Already subscribed
{quote} Don from my personal experience you can withdraw such amounts only from Saxo Bank and Interactive Brokers, probaly Baxter FX also. Personally did 200K+ @ Saxo with no issues. Only downside being 1:50 leverage and MT4 on SaxoBank, that's why I don't use them for FX trading + the spreads are horrible. I'm not chasing 7 figures. ))) Let the equity build itself up steady and slowly, good things take time.
