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1 year profitable trading goal

  • #121
  • Jul 31, 2016 12:03am Jul 31, 2016 12:03am
Quoting benaiah
{quote} 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...

Thanks for the warm welcome

I have updated by date from 28 July 2016 as i will be depositing the amount in the start of the August 2016.

Hope thats fine,according to the rules.
  • #122
  • Jul 31, 2016 2:54am Jul 31, 2016 2:54am
Quoting benaiah
{quote} Welcome! Posting trades and analysis is totally okay here...
Yes than wé can learn
3Some Candle TacticaL
  • #123
  • Jul 31, 2016 3:34am Jul 31, 2016 3:34am
Quoting benaiah
{quote} ...Also as @braintheboss pointed out, some may need/want to deposit money to protect a position if they decide to keep holding it.. I don't recommend this way of trading, as I have a different outlook/approach, but I respect if others view it differently....
In my case I never deposit for protect DD. If blow up the account bad luck. My case was for Brexit and new margins. If I didnt deposit my broker fuck me. I had around 100€ equity and margins needed 180€ only for cover opened trades. Plus the 20% stop out + wide spreads in that moment. Really crazy for didn't happens anything special that day
Try don't lose pants never...
  • #124
  • Edited 9:30am Jul 31, 2016 8:39am | Edited 9:30am
Quoting Mozak
{quote} Yes than w can learn
What We should analyse and learn from TE here from http://www.forexfactory.com/hanover, explained it well here: http://www.forexfactory.com/showthread.php?t=410405 . Until know, As I know, You're simply the one of best Currency Trader that ever been born in the World or in FF. Congratz! And I will follow your stats and learn the method, if U wanna share it, off course.

TE Analysis Model:

Note:
- Well Mozak could create his own custom-able start date from 23 June 2015 to 23 June 2016 (12 Month/1Year).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Mozak TE.jpg Size: 217 KB
Click to Enlarge Name: Mozak TE2.jpg Size: 232 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #125
  • Jul 31, 2016 10:01am Jul 31, 2016 10:01am
Quoting RoelsMajor
{quote} What We should analyse and learn from TE here from http://www.forexfactory.com/hanover, explained it well here: http://www.forexfactory.com/showthread.php?t=410405 . Until know, As I know, You're simply the one of best Currency Trader that ever been born in the World or in FF. Congratz! And I will follow your stats and learn the method, if U wanna share it, off course. TE Analysis Model: Note: - Well Mozak could create his own custom-able start date from 23 June 2015 to 23 June 2016 (12 Month/1Year). {image} {image}...
Impressive. My only weak area is DD. But its normal. I dont use SL
Try don't lose pants never...
  • #126
  • Jul 31, 2016 10:44am Jul 31, 2016 10:44am
Quoting braintheboss
{quote} Impressive. My only weak area is DD. But its normal. I dont use SL
Yeah like hanover said:

Quote
Formal stoplosses aren’t essential, but if they’re not there, it’s impossible to determine what kind of loss exit strategy (if any) the trader is employing.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #127
  • Jul 31, 2016 10:53am Jul 31, 2016 10:53am
Quoting RoelsMajor
{quote} Yeah like hanover said: {quote}
I dont use because I'm not use what SL size is better for my trading style ( really I'm not feel comfortable with SL ). At this moment my SL is cut trades I can't recover at mid term. For example I have a GBPUSD buy have many possibilities to be closed when price arrive around 1.40/1.42. I dont think price will go higher at next 2 years
Try don't lose pants never...
  • #128
  • Jul 31, 2016 11:20am Jul 31, 2016 11:20am
Quoting braintheboss
{quote} I dont use because I'm not use what SL size is better for my trading style ( really I'm not feel comfortable with SL ). At this moment my SL is cut trades I can't recover at mid term. For example I have a GBPUSD buy have many possibilities to be closed when price arrive around 1.40/1.42. I dont think price will go higher at next 2 years
Ya, luckily We can see that now, the case of one your big drawdown. Your worst trade from June 23, 2016 Brexit, and still open. About 1700 pips floating loss (31.3 %).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Brain the boss Trade.jpg Size: 101 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 33 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #129
  • Jul 31, 2016 11:38am Jul 31, 2016 11:38am
Quoting RoelsMajor
{quote} Ya, luckily We can see that now, the case of one your big drawdown. Your worst trade from June 23, 2016 Brexit, and still open. About 1700 pips floating loss (31.3 %). {image} {image}
Yes. My strategy is very conditioned for my DD in some moments. Sometimes I have force some trades for cover possible movements against me.

That entry was forced because I had some big DD and i cover 2 sells for spike caution if Brexit dont happens. I posted before Brexit in GBPUSD thread I though price will down because rally movement was very heavy for that moment ( like a trap ). But you never know how much can be a spike in that kind of events. Finally didnt happens the spike up and I suffer that bad trade.

If you see capture you will see how both sells were good trades ( one was TP )

For me that trade is a loss. Now I'm waiting better price for close with less loss possible. If close in that gap will be better but 1.40/1.42 its a good close for me seeing current losses
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (242).png Size: 15 KB
Try don't lose pants never...
  • #130
  • Jul 31, 2016 12:14pm Jul 31, 2016 12:14pm
Hey all!

Feel free to check the rules, as I've updated them, loosening them up a bit, but also requesting we all have the same name for our TE, which will help us track progress.

Love all the participation and enthusiasm so far. Great to see all the TE's with the 1 year goal and start date as part of the name. I think it will benefit all as we continue focused on the goal, and see others doing the same..

Hope everyone has a great week ahead...
  • #131
  • Jul 31, 2016 12:54pm Jul 31, 2016 12:54pm
Quoting benaiah
Hey all! Feel free to check the rules, as I've updated them, loosening them up a bit, but also requesting we all have the same name for our TE, which will help us track progress. Love all the participation and enthusiasm so far. Great to see all the TE's with the 1 year goal and start date as part of the name. I think it will benefit all as we continue focused on the goal, and see others doing the same.. Hope everyone has a great week ahead...
I am currently waiting my new $1000 USD account for this challenge that funding with wire/tt to settle into account. My broker said (Pepperstone), it will take 3 business days. I will set-up myfxbook with the same name according to rules.

I think in the future, I could not resist to 1 Year and the account will got busted, My style of trading a bit aggressive but love spirit of this thread to produce something usefull with transparency. Be better currency trader together.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #132
  • Jul 31, 2016 1:39pm Jul 31, 2016 1:39pm
Quoting benaiah
Rules of the thread: Trades have to be live with uploaded trade explorer. Please note, you can only post on this thread if: 1) you have a live account TE uploaded or myfxbook and linked to your post as a signature 2) you open/close at least a few trades every month 3) you are respectful to others here 4) you agree to be a part of this challenge 5) your TE is named "1 Year Profit-Ability 00-00-0000" (for myfxbook accounts name your account the same there). So, it's the 1 year.. text followed by the start date of your 1 year time frame The WINNER(s)...

I'll join this challenge as well.

My goal is to make 19% every week for a whole year long.
Starting with $250

That is in 52 weeks 1.7 million from $250. LOL

Let's see what's what.
  • #133
  • Jul 31, 2016 1:41pm Jul 31, 2016 1:41pm
This is interesting game. I don't like the idea of live TE on FF, but a small one could do the same thing as any bigger account. Also, don't like the idea of competition, since we should be aware that retail traders are all on the same boat, but for discipline purposes it is a good thing, imo. So probably I'll join. I wish we could all be the winners and stay green the whole year. Good luck to everyone participating.
PVSRA
  • #134
  • Jul 31, 2016 1:55pm Jul 31, 2016 1:55pm
Quoting Fisher755
This is interesting game. I don't like the idea of live TE on FF, but a small one could do the same thing as any bigger account. Also, don't like the idea of competition, since we should be aware that retail traders are all on the same boat, but for discipline purposes it is a good thing, imo. So probably I'll join. I wish we could all be the winners and stay green the whole year. Good luck to everyone participating.
In my case I don't think change my trading style for try win. For me the goal is survive one year. It's a big victory really
Try don't lose pants never...
  • #135
  • Jul 31, 2016 1:58pm Jul 31, 2016 1:58pm
Quoting braintheboss
{quote} In my case I don't think change my trading for try win. For me the goal is survive one year. It's a big win really
Of course.
Anything above what your bank gives you on deposit is great and profitable. We don't have to be agressive like Roels said. Patience to wait proper setups gives great results on the long run.
PVSRA
  • #136
  • Jul 31, 2016 1:59pm Jul 31, 2016 1:59pm
Quoting Fisher755
This is interesting game. I don't like the idea of live TE on FF, but a small one could do the same thing as any bigger account. Also, don't like the idea of competition, since we should be aware that retail traders are all on the same boat, but for discipline purposes it is a good thing, imo. So probably I'll join. I wish we could all be the winners and stay green the whole year. Good luck to everyone participating.
Hello My Sister, Good to see U here!
Dream Team. Be Better Together everyday with PVSRA.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #137
  • Jul 31, 2016 2:01pm Jul 31, 2016 2:01pm
Quoting RoelsMajor
{quote} Hello My Sister, Good to see U here! Dream Team. Be Better Together everyday with PVSRA.

Yes. You said agressive. Don't be, it is damaging results. I have demo always for overtrading. Live you have to treat like a woman. Be gentle and very patient.
PVSRA
  • #138
  • Jul 31, 2016 2:03pm Jul 31, 2016 2:03pm
Quoting Fisher755
{quote} Of course. Anything above what your bank gives you on deposit is great and profitable. We don't have to be agressive like Roels said. Patience to wait proper setups gives great results on the long run.
It's true. Only for be profitable in forex you can feel like winner
Try don't lose pants never...
  • #139
  • Jul 31, 2016 5:35pm Jul 31, 2016 5:35pm
Quoting Fisher755
This is interesting game. I don't like the idea of live TE on FF, but a small one could do the same thing as any bigger account. Also, don't like the idea of competition, since we should be aware that retail traders are all on the same boat, but for discipline purposes it is a good thing, imo. So probably I'll join. I wish we could all be the winners and stay green the whole year. Good luck to everyone participating.
Yes, @Fissher755, my intent of starting this thread was to see as many traders as possible make it through successful... Look forward to you joining us...
  • #140
  • Jul 31, 2016 6:30pm Jul 31, 2016 6:30pm
Quoting RoelsMajor
{quote} I am currently waiting my new $1000 USD account for this challenge that funding with wire/tt to settle into account. My broker said (Pepperstone), it will take 3 business days. I will set-up myfxbook with the same name according to rules. I think in the future, I could not resist to 1 Year and the account will got busted, My style of trading a bit aggressive but love spirit of this thread to produce something usefull with transparency. Be better currency trader together.
Sounds good RoelsMajor, look forward to your success!
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