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1 year profitable trading goal

  • #61
  • Jul 26, 2016 3:01pm Jul 26, 2016 3:01pm
so... the part about "as many traders as possible" could be 1...2....3. More? Who knows? We'll see...
  • #62
  • Jul 26, 2016 3:03pm Jul 26, 2016 3:03pm
Quoting benaiah
{quote} hmm... I don't really care if the thread "takes off". If I only have a few traders participating, that is okay with me. The overall purpose of the thread is already stated in first post, so no need for me to reiterate it here, so... what I will track is if it becomes obvious someone is not following those rules, and it becomes a distraction to that overall purpose... Edit: also adding this to the first post, as it really sums up the overall purpose of the thread... Primary goal of the thread summed up: Recognizing individual achievements,...
Well, as long as your expectations are aligned with what the thread will be (or not be) that's fair.

Good luck with it all, man.
check out my blog: forexmademillionaire dot com
  • #63
  • Jul 26, 2016 4:35pm Jul 26, 2016 4:35pm
Decided to take a couple long-term trades... branching out a bit from my normal UJ/Gold trading...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZDiWeekly.png Size: 44 KB
Click to Enlarge Name: AUDJPYiDaily.png Size: 22 KB
  • #64
  • Jul 26, 2016 8:21pm Jul 26, 2016 8:21pm
Watching my 2 trades go in my favor, I'll probably come out if they look like they might turn against me... I was prepared to endure a draw-down, but now I don't want to since they're in profit, lol....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZDiH4.png Size: 42 KB
Click to Enlarge Name: AUDJPYiH4.png Size: 32 KB
  • #65
  • Jul 26, 2016 8:26pm Jul 26, 2016 8:26pm
both trades set to BE, let's see what kind of run up we can get...
  • #66
  • Jul 26, 2016 10:07pm Jul 26, 2016 10:07pm
One final note to Geppy, if he may read this.

I commented about a 26% draw-down being an issue if it was one trade, with the thought that it did not apply to you, since you had a whole bunch of trades open.

So, it was actually saying that it was NOT an issue with your trading since you had so many trades open, and not just one trade.

Anyway, we can ignore each other on such a stupid misunderstanding. That's okay with me. But if you want to rethink your decision and take me off ignore, I'll return the favor. It's up to you.
  • #67
  • Jul 26, 2016 10:09pm Jul 26, 2016 10:09pm
In fact. I've stopped ignoring Geppy, so he'll see I meant no offense
  • #68
  • Jul 26, 2016 10:10pm Jul 26, 2016 10:10pm
As long as he's willing to move on from our misunderstanding, I'm okay with it. Up to you Geppy...
  • #69
  • Jul 26, 2016 10:18pm Jul 26, 2016 10:18pm
okay, back to business...

Taken out of my AUDNZD trade with a slight gain... AJ taking off now, let's see if I can hit my new target. 271 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYiM30.png Size: 24 KB
  • #70
  • Jul 26, 2016 10:35pm Jul 26, 2016 10:35pm
wow, quite a battle going on with AJ. I think I'm done watching though. We'll see what happens...

If you are trading this session, or upcoming London, wish you success!

Good night...
B
  • #71
  • Jul 27, 2016 2:00pm Jul 27, 2016 2:00pm
Interesting day. FOMC was a little slow getting started, and took a while to decide what affect it would have on price direction with some pairs...

I'm left with only my gold trade outstanding. Locked in about 5-6% for the day after taking into account closed trades, UJ and AJ for losses.

We'll see how far it can run up
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDiH4.png Size: 35 KB
  • #72
  • Jul 27, 2016 2:04pm Jul 27, 2016 2:04pm
1338.32 seems like it should be a hurdle, but so far just slicing through resistance...
  • #73
  • Jul 27, 2016 2:19pm Jul 27, 2016 2:19pm
Just analyzing my performance so far... And looking at it reminded me of Geppy calling me out for my "big" draw-down or "loss" of 26.2%.

However, if you look at the overall performance, my maximum return draw-down was only 3%. I had other positions open at the time that hedged that one big loss. So, I managed to protect my account pretty well...

So, I am satisified with my performance so far, in spite of my mistakes. I'll keep trying to improve...
Attached Image (click to enlarge)
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  • #74
  • Jul 27, 2016 2:40pm Jul 27, 2016 2:40pm
Protected 88 pips, which would put me about +30% for the week. I think if it fell all the way back at bottom of range without protecting profits, I'd wish I would have protected. So, this is the decision I'm happy with regardless of what it does...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDiH4.png Size: 35 KB
  • #75
  • Jul 27, 2016 3:00pm Jul 27, 2016 3:00pm
I TP at 1341.47. It think the gold bulls are back in business, we'll see what happens the rest of the week...
  • #76
  • Jul 27, 2016 3:06pm Jul 27, 2016 3:06pm
If anyone is interested, this is why I TP where I did.

Channel meets resistance... Gold could break through, but approaching end of day, and I'm happy with 41% for the week so far, and no losing days...



Hope I can keep it going...
Attached Image (click to enlarge)
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  • #77
  • Jul 27, 2016 3:19pm Jul 27, 2016 3:19pm
entered another "long-term" trade on AUDNZD. But if we get another quick run-up, I'll TP early...
Attached Image (click to enlarge)
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  • #78
  • Jul 27, 2016 11:57pm Jul 27, 2016 11:57pm
Hi Benaiah, i also want to be the part of your competition... at least it will help to be disciplined in trading and gain the profits.

i have just started 4 months back... hope thats fine..
  • #79
  • Edited 1:10pm Jul 28, 2016 1:00pm | Edited 1:10pm
Quoting ratedrstar
Hi Benaiah, i also want to be the part of your competition... at least it will help to be disciplined in trading and gain the profits. i have just started 4 months back... hope thats fine..
Greetings ratedrstart!

And welcome!

Can you change your custom start date to July 21st, 2016? That is the last date of a deposit, so that will be the starting point, if you'd like to be included in this challenge. Reason for this, is any deposits automatically cause a restart of the 1 year challenge...

Make sense?

Kind regards,
B

Edit: so it's just a matter of going to settings in your TE and changing to "custom start date" of July 21st, 2016...
  • #80
  • Jul 29, 2016 5:44pm Jul 29, 2016 5:44pm
It's time to recognize this week's top performers!

I decided a very simple way to do this. I will just copy/paste from the FF leader board for the week. It will show all top-performers, whether or not they know about this thread, or regardless if they agreed to challenge rules or not.

If you are included in the week's top performers, AND you are following the this thread's rules as part of the 1 year challenge, feel free to post an acknowledgement of your accomplishment this week...
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