One day

See PM read it twice.

Hey T, my stop was below the IB (34 pips)

Another 40% return today? Whew! It's getting hot in here

Yeah, but I messed it up somewhat

So,

Things are going well around here, trade wise, I hardly over trade, I still do but I try to keep it to a minimum, Basket kicked me some but other than that, things are progressing well.
I'm thinking about posting a daily chart next to each of my trades, I'm trading a 21 pips Renko chart so, to me, it feels like it's somewhere between H1 and H4, so a daily should give me some clue as to what's going on better. Plus, I'll get to see PA and learn more, so starting this week, and if I don't forget, I'll be posting two charts for each trade


Evolution is simply great, I say.

Updates for 01.06.2016

#C5#H1, Basket
Tried to ride the pull back back into what looks like the end of a trend, got stopped out at BE+LOCK


EURCAD, Renko
Tried to ride the new HH forming. 1x1ATR, 1x0.5ATR and 1xBE+LOCK. Price went on to create a new HL and went on without me.


GBPAUD, Renko
Stupid trade. It went and my SL, formed a new LH and then went down like a rock.
2x2ATR.

Just lost my post

GBPCAD, Renko.
Was waiting a bit too much with these trades but still, 1x1ATR, 1x0.5ATR and 1xJTS.
I took another try at it but that's for a later update.


GBPCHF, Renko.
Another nice ride. 1x1ATR, 1x0.5ATR and 1xJTS.
I took another try at this one, will update later.


GBPJPY, Renko.
I was hammering this pair for the last couple of days, didn't get much 1x1ATR, 1x0.5ATR and 1xBE+LOCK. When it finally moved, I wasn't on this train of pips.

GBPNZD, Renko.
This was a crazy ride, 1x1ATR, 1x0.5ATR and 1xJTS, this pair also went down like a rock and I wasn't on it on account of my day job. The crosshair thingimabob on my terminal says it moved another 240 pips. Crazy.


BGPUSD, Renko.
I managed to snag this one 1x1ATR, 1x0.5ATR and 1xJTS.


Results for 01062016

I didn't have time to trade, my day job was acting up and I had to take care of everything. I missed out on some trades and took some stupid trades from my phone but I am learning so at least that.

Updates for 02-03.06.2016

#C5#H1, Basket.
I managed to get another BE, nearly got to my TP (actually I did get to it but spread and all, you know how it is) but NFP took out my SL. I was away and couldn't adjust my SL, I actually reduced it during the night figuring I'd either get my TP or SL and wanted as small a SL as possible. If I had left it at it's usual distance, I might, just might, have survived the NFP and reach my TP. Still, it was too low on the trend and it was too risky to even try.


AUDUSD, Renko.
Not sure about this one, hope it will continue to go up.
1x1ATR, 1x0.5ATR and one trade still going.


GBPCHF, Renko.
SL should be adjusted, I hope I'll be around tonight to do it.
1x0.5ATR, and two trades still going.

GBPJPY, Renko.
Another try, another so and so results.
1x1ATR, 1x0.5ATR and 1xBE+LOCK. Price took a dive after it got my BE+LOCK.


GBPUSD, Renko.
I thought price had pulled back enough for me to enter. Boy was I wrong.
2x2ATR SL.


NZDUSD, Renko.
I was pretty pleased with myself with this one even before the NFP kicked it high into blue pip sky.
1x1ATR, 1x0.5ATR and 1xJTS.

USDCHF, Renko.
Not sure why, but I had a good feeling about this trade. I don't have a lot of history for this pair so I did my best analyzing the last move and took the trade.
1x1ATR, 1x0.5ATR and one trade still going.


USDJPY, Renko.
My pride and joy, amongst several others but still.
Broke the fork, failed to create a new HH, too many micro trend HHs going up and a very steady down move before a small pull back.
1xATR, 1x0.5ATR and one still going.


AUDCAD, Renko.
Ongoing, was a bit too hasty taking this one. It's been waiting there for ages and one of the trades (the one without TP) got expired. I'll keep an eye on this one.


EURGBP, Renko.
Not enough data so this trade was actually a test of sorts. I saw in another thread someone taking such trades so I wanted to try it, too. Of course, he has much more experience than I have. We;ll wait and see what this trade brings.



Results for 02-03.06.2016

I like it!

I like it, too. Took some (expected) loss today but still good.

Updates for 06.06.2016

Closed trades from 03.06.2016

GBPCHF, Renko.
1x1ATR, 1x0.5ATR and 1xJTS. The other trades are for the "new" trades with daily in the next post.


EURGBP, Renko.
Well, I tried to be wise but this is how you learn, the hard way.
4x1ATR


USDJPY, Renko.
1x1ATR, 1x0.5ATR, 1xJTS. Other trades will be discussed shortly.


AUDUSD, Renko.
1x1ATR, 1x0.5ATR, 1xBE+LOCK. Just wouldn't go up.


USDCHF, Renko.
1x1ATR, 1x0.5ATR, 1xJTS. Waiting for another pull back to try again.

Now let's try it with the daily along side the Renko :0 see if I can learn new things in the process.

USDCAD, Renko.
1x1ATR, 1x0.5ATR, 1xBE.
I've placed a new batch of trades, if they break the next level, we're in.


USDCAD, Daily.
Now that is something I would never have traded, I'm scared trading these kind of setups. The only thing I can say for sure is that no new high was created so maybe, just maybe, I'll get another short.


GBPCAD, Renko.
1x1ATR, 1x0.5ATR, 1xBE+LOCK and going. Open a new batch of trades at the break of previous low, still down trend.


GBPCAD, Daily.
This is, again, something I wouldn't have traded. Maybe if I had spotted it earlier, near the local high. Maybe.

GBPJPY, Renko.
1x0.5ATR, two trades are still running.


GBPJPY, Daily.
Looks like it might pull up a bit.


GBPCHF, Renko.
1x0.5ATR, two trades are still going. It's hanging too much at this price.


GBPCHF, Daily.
Looks like it might be pulling up on me, not so good.

Forgot this one.

AUDCAD, Renko.
This is not going all too well. I hope I'll be able to close at BE or less then full SL.


AUDCAD, Daily.
Took a look and it's nuts. Looks like I bought a local high. Great.

Not sure if I should post my watch list and my pending orders.
Might clutter this journal too much but will post if there's some interest.


Results for 06.06.2016

Hi,

As the account is nearing the 200$ mark, which was just an arbitrary round number I've decided upon with no actual significance what so ever, I would like to relay my plan for my ongoing trading.

 

1. Keep the account at 200$. I intend to withdraw weekly profits on Sundays to the HotForex Wallet until I reach 340$ at which point I'll withdraw my initial deposit of 140$, open another account and deposit the remaining 200$ into it.
2. Set up a TradeCopier between the two accounts and start farming them. Let both accounts grow to 250$ and harvest them until I can open a third account.
3. As HotForex only allows 5 active accounts per client, I intend to repeat the process until I have four accounts with around 300$ in each, at this point I'll be harvesting half the profits until all four accounts have reached 500$ and then harvest full profits from each.
4. Fifth account will be groomed till it reached 1000$ and will be used for EA testings, maybe I'll get Iresh installed on it and test it with more than one pair. Would be exciting to watch it take on the market.

I understand there will be set backs, and that I might not reach my goals but this is my trading plan, eventually, I would like to be able to trade the DAX for greater profits so this is my "business" plan, so to speak.

PROS

1. One Account To Rule Them All (just had to )
2. Less equity need for the same trade volume - if I trade 0.03 lots on one account I need more equity than trading 0.01 lots on three accounts
3. Less stress since I don't have to groom many accounts
4. No cross-broker accounts, less slippage
5. If I get to pull this off, it's all based on profits and my initial deposit will be withdrawn

CONS

1. Slippage
2. Will probably need a VPS for this setup - more fees
3. Slow growth
4. Equity issues - consecutive losses will annihilate the entire setup
5. Probably more I haven't thought of

So, if anyone reading this journal has anything to add in favor of one account or multiple accounts, it would be great to listen to other opinions.


Thanks.

Well, very good payout on your further actions, please keep up good job and let us know about your progress