1 year profitable trading goal | Page 19 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Controlling Emotions is Not the Goal of Trading Psychology 5 replies

Why is demo trading more profitable than live trading? 45 replies

Trading System versus Trading Strategy: Gaining a Profitable Edge 33 replies

Trader's 1 Year Rehab goal 10%-20% monthly return 3 replies

My trading strategy and life goal 17 replies

Attachments: 1 year profitable trading goal
Exit Attachments

1 year profitable trading goal

  • #361
  • Aug 9, 2016 3:11pm Aug 9, 2016 3:11pm
hey Guys, looking to get some perspective on this trade -
i understand that there's alot of uncertainty surrounding the effects of rate cuts on currency value these days, hence my inclination to hold this GBPNZD short through the rate announcement..

I would love to get some opinions on whether to or not to close the trades before the announcement
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-08-09-19-03-40.png Size: 179 KB
  • #362
  • Aug 9, 2016 3:18pm Aug 9, 2016 3:18pm
Quoting Koop
hey Guys, looking to get some perspective on this trade - i understand that there's alot of uncertainty surrounding the effects of rate cuts on currency value these days, hence my inclination to hold this GBPNZD short through the rate announcement.. I would love to get some opinions on whether to or not to close the trades before the announcement Thanks.{image}
Why don't you just tighten up your stops and see how it plays out
  • #363
  • Aug 9, 2016 3:21pm Aug 9, 2016 3:21pm
Quoting RoelsMajor
Well, well, well, bad UK data but GU fly to the North, same as EU, and AU... Ah! Stop, stop, stop Hunting! Good Game Well Played Edit -Very tough DD today My friend, suffer until now maximum 18,85%, 8 days profit would gone. Will cut loss at level -$290. Back to the rate at start.

me too, had 31% at the beggining and now 0.8% profit. Still much to learn and to manage..
Im a Crocodile, Im a Sniper. Patience is everything.
  • #364
  • Aug 9, 2016 3:26pm Aug 9, 2016 3:26pm
Quoting Koop
hey Guys, looking to get some perspective on this trade - i understand that there's alot of uncertainty surrounding the effects of rate cuts on currency value these days, hence my inclination to hold this GBPNZD short through the rate announcement.. I would love to get some opinions on whether to or not to close the trades before the announcement Thanks.{image}
What I see is we are one the lower part of a channel.
My Expectation regardless of the news. Will check this after the news and update it :-) Just to see if it was correct or not.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.jpg Size: 118 KB
  • #365
  • Edited 10:31pm Aug 9, 2016 3:49pm | Edited 10:31pm
Quoting Brucasella1
{quote} me too, had 31% at the beggining and now 0.8% profit. Still much to learn and to manage..
At least still profit and the colour still green. I will throw the towel at anytime soon. See after the rollover period.

Edit:
- (9.32 Morning here) Holy Sh*t! I fell asleep and get $500 lost! Disaster!
- Cut loss Guys! . Willing to cut loss at -$290 profit instead lost $500, and left $1000 still in the account. Plan to get some sleep for one hour, after I woke Up, got this technical issues. I should put equity money trail EA before sleep to protect and limit the loss at -$290.
- Bad Day for Me. Just bad Day.
- Need take a break for sometimes.
-Guys, You should learn from this. All my mistakes You all ready knew, like not fold at reasonable SL according to plan, dont fight the market, insane risk and etc. One of the key is Discipline. I lack Discipline according to My own rules and all wisdom and knowledge that I learn from My PVSRA method and great great contributor there and here in the FF.
Attached Image
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #366
  • Aug 9, 2016 10:31pm Aug 9, 2016 10:31pm
Quoting RoelsMajor
{quote} At least still profit and the colour still green. I will throw the towel at anytime soon. See after the rollover period. Edit: - (9.32 Morning here) Holy Sh*t! I fell asleep and get $500 lost! Disaster! - Cut loss Guys! . Willing to cut loss at -$290 profit instead lost $500, and left $1000 still in the account. Plan to get some sleep for one hour, after I woke Up, got this technical issues. I should put equity money trail EA before sleep to protect and limit the loss at -$290. - Bad Day for Me. Just bad Day. - Need...
You are a good trader and proved it many times. The loss is less than 20%, so not such a disaster. Get a short break, think about what you need to change that you will not risk 30% in one day and come back watching the charts..
PVSRA
  • #367
  • Aug 9, 2016 10:42pm Aug 9, 2016 10:42pm
Quoting Fisher755
{quote} You are a good trader and proved it many times. The loss is less than 20%, so not such a disaster. Get a short break, think about what you need to change that you will not risk 30% in one day and come back watching the charts..
Thank U Sister. Thats why We currency traders need U. You always helping people and always encourage positives side, and warning the negatives side. You are a honest person.

Yea, I guess I am still lucky, this account still not busted yet! We are all still can be Rich!
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #368
  • Aug 9, 2016 11:07pm Aug 9, 2016 11:07pm
Quoting RoelsMajor
{quote} Thank U Sister. Thats why We currency traders need U. You always helping people and always encourage positives side, and warning the negatives side. You are a honest person. Yea, I guess I am still lucky, this account still not busted yet! We are all still can be Rich!

Maybe, but not in 2 weeks. Besides, $$ only brings the worst out of people.
PVSRA
  • #369
  • Edited 1:11am Aug 10, 2016 12:53am | Edited 1:11am
Quoting Fisher755
{quote} Maybe, but not in 2 weeks. Besides, $$ only brings the worst out of people.
Yea. I mean that was insane. Yea this is insane. I got 29% in just 8 Days, See You got 20% in just 8 Days. We are overtrading. In the past, I had five times got more than 100%, and lost some with any various method and EA, but never margin call once. We need to realize with small account We tend to got a lot of money as quick as possible without care about the risk taken. Psychology effects. Have a very good account start at least from $10,000 will serve Us adequate resources for reasonable outcome (income). Example You risk 1 % a day that would be "just" $100. Divided into 2 trades a day, with 0.1 lot ($1 per pip)will provide Us each trade reasonable amount 50 pips SL. Well $100 is a good amount of money if profit, You can pay internet bill and other all fee that needed. But with $100 or $1000, if U trade for a living, well that is not enough to cover cost of Ur life, except U have another main job. Maybe someday it can be done, and some can do from $100 to a Million or from $1000 to a Million, but it needs more more time and very hard effort. Rich people become more richer quickly, and become worst, and become mad, and will die quickly, becoz too happy. Poor people will die becoz always in"misery". I don't want to choose either.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #370
  • Edited 1:29am Aug 10, 2016 1:18am | Edited 1:29am
Quoting RoelsMajor
{quote} Yea. I mean that was insane. Yea this is insane. I got 29% in just 8 Days, See You got 20% in just 8 Days. We are overtrading. In the past, I had five times got more than 100%, and lost some with any various method and EA, but never margin call once. We need to realize with small account We tend to got a lot of money as quick as possible without care about the risk taken. Psychology effects. Have a very good account start at least from $10,000 will serve Us adequate resources for reasonable outcome (income). Example You risk 1 % a day that...
Exactly.
Great post.
BTW, GU breaking up. I have a chart with explanation prepared but cannot post atm for some reason...will do so as soon as possible.
EDIT:
Posted to our site now, maybe you can download from there and post it here, bro.
PVSRA
  • #371
  • Edited 1:54am Aug 10, 2016 1:35am | Edited 1:54am
Quoting Fisher755
{quote} Exactly. Great post. BTW, GU breaking up. I have a chart with explanation prepared but cannot post atm for some reason...will do so as soon as possible. EDIT: Posted to our site now, maybe you can download from there and post it here, bro.
Yes, I see it. I am waiting until London Open. Pay attention the trends is not complete yet, so I think there will be more retrace down below half line. Possible. Just think.

This is Fisher picture trade idea Guys! I downloaded from main site PVSRA. I posted here per request.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiM15 Breakout 10.8..png Size: 76 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #372
  • Aug 10, 2016 2:00am Aug 10, 2016 2:00am
Quoting RoelsMajor
{quote} Yes, I see it. I am waiting until London Open. Pay attention the trends is not complete yet, so I think there will be more retrace down below half line. Possible. Just think. This is Fisher picture trade idea Guys! I downloaded from main site PVSRA. I posted here per request. {image}
Thanks.
Yes, not confirmed breakout yet. After LO we will see what's up.
PVSRA
  • #373
  • Aug 10, 2016 2:32am Aug 10, 2016 2:32am
Hey guys,

i still wanted to thank you all for the kind answers.
i'm walking away more often now and just let the currency do it's job.
I'm feeling less stressed now.
So far so good.

Wish u all loads of green pips👍🏻
  • #374
  • Aug 10, 2016 2:48am Aug 10, 2016 2:48am
Quoting Robst3r
Hey guys, i still wanted to thank you all for the kind answers. i'm walking away more often now and just let the currency do it's job. I'm feeling less stressed now. So far so good. Wish u all loads of green pips👍🏻
WTF! 99 % in just 13 Days. Great trades U there Mate! Congratz!

Quoting Fisher755
{quote} Thanks. Yes, not confirmed breakout yet. After LO we will see what's up.
Yea, MM playing "Stop Hunting" now and maybe quite long time to wait...
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #375
  • Aug 10, 2016 4:41am Aug 10, 2016 4:41am
Quoting Robst3r
Hey guys, i still wanted to thank you all for the kind answers. i'm walking away more often now and just let the currency do it's job. I'm feeling less stressed now. So far so good. Wish u all loads of green pips👍🏻
Yeah, me to.
  • #376
  • Aug 10, 2016 7:09am Aug 10, 2016 7:09am
Quoting attilafx
{quote} What I see is we are one the lower part of a channel. My Expectation regardless of the news. Will check this after the news and update it :-) Just to see if it was correct or not. {image}
Update.

Pushing the lower limits now.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD1.jpg Size: 116 KB
  • #377
  • Aug 10, 2016 10:01am Aug 10, 2016 10:01am
Does anyone here trade for living?

Please share.

Roelsmayor. You need to have a good system and a small sl, you need to achieve little winnings, and at the end of the year if you accomplish more than 20% you are succesfull, because any bank cant pay you that in 1 year. But we dont want 20% in one year, we want more, because with our small funds we cant live with 20% in a year, we want 100% or 200%. Thats our problem.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #378
  • Aug 10, 2016 10:03am Aug 10, 2016 10:03am
Quoting RoelsMajor
{quote} WTF! 99 % in just 13 Days. Great trades U there Mate! Congratz! {quote} Yea, MM playing "Stop Hunting" now and maybe quite long time to wait...
Thank you mate!

hope you will recover too! Don't fall asleep
  • #379
  • Aug 10, 2016 10:12am Aug 10, 2016 10:12am
Quoting Robst3r
{quote} Thank you mate! hope you will recover too! Don't fall asleep


Hey Robster

how can you achieve this

 

  1. Max Profit Run-Up: 115.2
  2. Max Profit Drawdown: 3.3%


Please share.

Im a Crocodile, Im a Sniper. Patience is everything.
  • #380
  • Aug 10, 2016 11:19am Aug 10, 2016 11:19am
Quoting Brucasella1
{quote} me too, had 31% at the beggining and now 0.8% profit. Still much to learn and to manage..
Yea you are using too big lots. With that acc balance it is ok to put 0.01 not 0.1.
4 traders viewing now