I challenge my self to withdraw profit every month ( GBP/JPY) | Forex Factory

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I challenge my self to withdraw profit every month ( GBP/JPY)

  • #1
  • First Post: Edited Jul 13, 2017 9:45am Jul 24, 2016 1:53am | Edited Jul 13, 2017 9:45am
Hello fellow traders,

The forex market is very beautiful but difficult for us to see clearly the direction of price movement, so we must focus our eyes squint to see it through.

I intentionally created this thread so I will focus to follow the rules that I made earlier in order for me to be able to withdraw money every month.

The rules are as follows;

1. Real money. Daily trading, Cross pair only.
2. Make profit larger then lose

Thank you.
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  • #2
  • Jul 24, 2016 2:01am Jul 24, 2016 2:01am
Quoting Cm7
Hello fellow traders, I created this thread so I will always consistently follow the plan I have previously made in order for me to be able to withdraw money every month. The rules are as follows; 1. Real money. 2. GBP/JPY pair only. 3. Daily trading only. 4. Use indicators as much as possible so that the analysis would be more accurate ( 12 indis ). I have a lot of time too analyse them 1 by 1. 5. Entry point, target and stop loss should be clear. 6. Each time entry I will use 30% of the capital. 7. Initial capital is $ 100 ( Capital reserves is...
Hello,

since you want to trade the Daily chart, you can use this Cowabunga system.
only 3 indicators in the sub-window - RSI, Stochastics and MACD.
and 2 moving averages - 5EMA and 10EMA.
http://www.forexstrategiesresources..../89-cowabunga/

Good luck!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3
  • Jul 24, 2016 2:31am Jul 24, 2016 2:31am
Quoting emmanuel7788
{quote} Hello, since you want to trade the Daily chart, you can use this Cowabunga system. only 3 indicators in the sub-window - RSI, Stochastics and MACD. and 2 moving averages - 5EMA and 10EMA. http://www.forexstrategiesresources..../89-cowabunga/ Good luck!
Thank you for your suggestion Emmanuel7788 but I am very confident in my strategy.
  • #4
  • Jul 24, 2016 2:58am Jul 24, 2016 2:58am
Quoting Cm7
Hello fellow traders, I created this thread so I will always consistently follow the plan I have previously made in order for me to be able to withdraw money every month. The rules are as follows; 1. Real money. 2. GBP/JPY pair only. 3. Daily trading only. 4. Use indicators as much as possible so that the analysis would be more accurate ( 12 indis ). I have a lot of time too analyse them 1 by 1. 5. Entry point, target and stop loss should be clear. 6. Each time entry I will use 30% of the capital. 7. Initial capital is $ 100 ( Capital reserves is...
30% of Capital per trade, you are not going to last long on a Daily chart. Good luck.
  • #5
  • Jul 24, 2016 3:24am Jul 24, 2016 3:24am
Quoting FX Compass
{quote} 30% of Capital per trade, you are not going to last long on a Daily chart. Good luck.
Thank you FX Compass I appreciate it. Please follow my daily transactions, only one position each day.
  • #6
  • Jul 24, 2016 3:27am Jul 24, 2016 3:27am
Quoting Cm7
{quote} Thank you FX Compass I appreciate it. Please follow my daily transactions, only one position each day.
Will do, subscribed to your thread.
  • #7
  • Jul 24, 2016 3:36am Jul 24, 2016 3:36am
Quoting Cm7
Hello fellow traders, I created this thread so I will always consistently follow the plan I have previously made in order for me to be able to withdraw money every month. The rules are as follows; 1. Real money. 2. GBP/JPY pair only. 3. Daily trading only. 4. Use indicators as much as possible so that the analysis would be more accurate ( 12 indis ). I have a lot of time too analyse them 1 by 1. 5. Entry point, target and stop loss should be clear. 6. Each time entry I will use 30% of the capital. 7. Initial capital is $ 100 ( Capital reserves is...
Do your eyes after soms screentime?
  • #8
  • Jul 24, 2016 3:52am Jul 24, 2016 3:52am
Quoting Anusragger
{quote} Do your eyes after soms screentime?
Excuse me, I do not understand your point.
  • #9
  • Jul 24, 2016 4:06am Jul 24, 2016 4:06am
Quoting FX Compass
{quote} Will do, subscribed to your thread.
Thank you, I will not disappoint you. I know what I do so I'm risking 30% of my capital.
  • #10
  • Jul 24, 2016 6:30am Jul 24, 2016 6:30am
My eyes! omg messy chart alert...

Suggest reading market structure.. and throwing out the indicators. Looks like you keep adding more and more indicators.. Secret is you don't need any if you learn to read the structure...
Red is highly emotional color representing, blood, danger... not good to have any red on your charts at all..

I see you joined in 2016. so I assume your very new

using 30% of capitol per trade is INSANE...
Using 12 indicators is INSANE....
Using real money for this is INSANE...

You will find out why its insane soon enough.. But your giving me a good laugh tonight...
The only system that will work is one designed by and for yourself.
  • #11
  • Jul 24, 2016 2:02pm Jul 24, 2016 2:02pm
Quoting bloodpoodle
My eyes! omg messy chart alert... Suggest reading market structure.. and throwing out the indicators. Looks like you keep adding more and more indicators.. Secret is you don't need any if you learn to read the structure... Red is highly emotional color representing, blood, danger... not good to have any red on your charts at all.. I see you joined in 2016. so I assume your very new using 30% of capitol per trade is INSANE... Using 12 indicators is INSANE.... Using real money for this is INSANE... You will find out why its insane soon enough.. But...
Hello bloodpudle,

Thank you for your advice and I really appreciate it. Actually I do not want to make my thread visitors confused by these indicators, but I want to make them think "do we really need this much indicator?". I knew what I was doing, so I took a risk by using 30% of capital each time I entry.

Once again thanks for the advice and just follow my journal to see how I am going to make a profit every day ( and withdraw money every month). Hehehe please don't get me wrong, actually I do not trade every day but I always entry if there is a good chance available. I limit my loss by using a stop loss 100 pips and target between 150 to 400 pips.
  • #12
  • Jul 24, 2016 2:11pm Jul 24, 2016 2:11pm
Quoting Cm7
Hello fellow traders, I created this thread so I will always consistently follow the plan I have previously made in order for me to be able to withdraw money every month. The rules are as follows; 1. Real money. 2. GBP/JPY pair only. 3. Daily trading only. 4. Use indicators as much as possible so that the analysis would be more accurate ( 12 indis ). I have a lot of time too analyse them 1 by 1. 5. Entry point, target and stop loss should be clear. 6. Each time entry I will use 30% of the capital. 7. Initial capital is $ 100 ( Capital reserves is...
bro, are you experience trader that make a joke and fun? actually you not use all that stuff and said in publish that you use it? indonesia? salam kenal brurrr
the gambler
the devils apprentice Return Today: na
  • #13
  • Jul 24, 2016 2:21pm Jul 24, 2016 2:21pm
Quoting Soekarno
{quote} bro, are you experience trader that make a joke and fun? actually you not use all that stuff and said in publish that you use it? indonesia? salam kenal brurrr
Hello bro Soekarno,

Thank you untuk salam kenalnya, I just analyze indicators to waste time. Actually, with a daily transaction then we can guess the direction of the market with only a cursory glance, right?
  • #14
  • Jul 24, 2016 2:24pm Jul 24, 2016 2:24pm
Quoting Cm7
{quote} Hello bro Soekarno, Thank you untuk salam kenalnya, I just analyze indicators to waste time. Actually, with a daily transaction then we can guess the direction of the market with only a cursory glance, right?
biar rameh ff. xixixixi
the gambler
the devils apprentice Return Today: na
  • #15
  • Jul 24, 2016 2:30pm Jul 24, 2016 2:30pm
Quoting Soekarno
{quote} biar rameh ff. xixixixi

Iya
  • #16
  • Jul 24, 2016 10:45pm Jul 24, 2016 10:45pm
Wow itu apaan bro kayak jemuran....dipake semua ya. Padahal mau nyuci hari ini....
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #17
  • Jul 24, 2016 10:57pm Jul 24, 2016 10:57pm
Quoting domba
Wow itu apaan bro kayak jemuran....dipake semua ya. Padahal mau nyuci hari ini....
hahaha buat pajangan bro. It seems you are getting better in dealing with GBP/JPY . From red to be very green. Hebat bruu
  • #18
  • Jul 24, 2016 11:17pm Jul 24, 2016 11:17pm
Hello kawan2 traders,

Already nine indicators agreed to sell GJ today but the three other indicators are still neutral. It's early in the morning, I want a cup of coffee before eating the most delicious cake in the world.
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  • #19
  • Jul 24, 2016 11:28pm Jul 24, 2016 11:28pm
Hello fellow traders,

Candle formations pointing downwards, caution for those who are buying. If this was Friday, I would have been sold.
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  • #20
  • Jul 24, 2016 11:51pm Jul 24, 2016 11:51pm
Quoting bloodpoodle
My eyes! omg messy chart alert... Suggest reading market structure.. and throwing out the indicators. Looks like you keep adding more and more indicators.. Secret is you don't need any if you learn to read the structure... Red is highly emotional color representing, blood, danger... not good to have any red on your charts at all.. I see you joined in 2016. so I assume your very new using 30% of capitol per trade is INSANE... Using 12 indicators is INSANE.... Using real money for this is INSANE... You will find...


Wrong, red is the color of joy.
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