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OYE - $300 - Challenge, Journal

  • #1
  • First Post: Sep 8, 2016 6:20am Sep 8, 2016 6:20am
Initial Deposit
$300

Pairs to watch
WTI, XPTUSD, NASDAQ, DAX

I hereby present myself this challenge of trading non-FX instruments.

Either I will trade commodities, metals or indices.

I will divide $300 into 2-3 accounts.

Analysis: 4H / 1D
Entry: 1min / 15min / 1H

Strategy
Price Action: false breakouts, pattern, divergences.
Momentum / Volatility hunting.
Scale-in
Multiple Account

Project Start
Account is ready, just waiting for next week.
(I am exhausted from last series: $300 to $4.500 (withdrew ~$3.500)

Goal 1: $1.000-(Hardest part)
Goal 2: $5.000-
Goal 3: $50.000.-
  • #2
  • Sep 8, 2016 6:21am Sep 8, 2016 6:21am
Example Entries:
(from live)
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  • #3
  • Sep 8, 2016 6:23am Sep 8, 2016 6:23am
can you explain on each entry what made you make the entry?
would be really helpful for learners like me,
thanks and best of luck!
  • #4
  • Edited 7:10am Sep 8, 2016 6:25am | Edited 7:10am
Demo Example from today

The goal here is to find either stable trend or breakout with very high R:R (preferably higher than 1:3)

Check free margin, if I find 2-3 free trades like this in one day I will reach $1,000 fairly easily.

- Also I am here to prove that commodities, indices, metals are easier to trade and they rely more on technical analysis.


Start
Next week (been busy, I also have a full-time job)
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  • #5
  • Sep 8, 2016 6:33am Sep 8, 2016 6:33am
Quoting openyoureyes
Initial Deposit $300 Pairs to watch WTI, XPTUSD, NASDAQ, DAX I hereby present myself this challenge of trading non-FX instruments. Either I will trade commodities, metals or indices. I will divide $300 into 2-3 accounts. Analysis: 4H / 1D Entry: 1min / 15min / 1H Strategy Price Action: false breakouts, pattern, divergences. Momentum / Volatility hunting. Scale-in Multiple Account Project Start Account is ready, just waiting for next week. (I am exhausted from last series: $300 to $4.500 (withdrew ~$3.500) Goal 1: $1.000-(Hardest part) Goal 2: $5.000-...

i wish you Good Luck mate, you are very good trader and i think you will success

Cheers

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #6
  • Sep 8, 2016 6:44am Sep 8, 2016 6:44am
Subscribed, metals cached my interest lately, I like how they move ! Wish you good luck
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #7
  • Edited 6:08am Sep 10, 2016 5:53am | Edited 6:08am
My current broker Axitrader doubled XPTUSD spread from 5.0 to 10...!!

So I have to switch brokers.

Many brokers don't offer XPTUSD.

Other lowest spread I can find is Pepperstone - 4.0 !! (I have many accounts there already)
Are there any alternatives?

My other broker Tickmill doesn't offer XPTUSD.
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  • #8
  • Sep 10, 2016 6:23am Sep 10, 2016 6:23am
R:R 3:1

I will be adding shorts from top of SL in case Trend Line breaks, those trades will be "free".
(So I can add more positions without closing the winners)

SL-TP on chart.
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  • #9
  • Sep 10, 2016 6:33am Sep 10, 2016 6:33am
15min view.

PA reads:

136.00 being trigger; (if breaks add short etc.)
buy from 135.
sell from below 137.
+
lot's of news.

I got:
1 account $60: gbpjpy shorts.
1 account $300: no trades right now.

I will update on open.
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  • #10
  • Sep 10, 2016 6:43am Sep 10, 2016 6:43am
My view on daily chart XPTUSD

Trend is short, short term long burts.

I would take 2 trades, marked on the chart (adding more positions if the go in my view or big lots near SL)

No open trades - XPTUSD.
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  • #11
  • Sep 10, 2016 6:58am Sep 10, 2016 6:58am
DAX View

no open trades.
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  • #12
  • Sep 11, 2016 8:17pm Sep 11, 2016 8:17pm
I had $52 available when XPTUSD started to move south.

Deposit: $52
Account Now: $486.69
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  • #13
  • Sep 12, 2016 1:43pm Sep 12, 2016 1:43pm
waiting for short order ~1058

this is helpless, I think we will see 1000
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  • #14
  • Sep 12, 2016 1:47pm Sep 12, 2016 1:47pm
trend is bear,
sell at daily highs.

XPT 1H
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  • #15
  • Sep 12, 2016 1:53pm Sep 12, 2016 1:53pm
D1 READS:

sell, sell, sell, sell.
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  • #16
  • Sep 12, 2016 1:56pm Sep 12, 2016 1:56pm
I'll pass this one.

XPT long idea
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  • #17
  • Sep 13, 2016 2:34am Sep 13, 2016 2:34am
2H chart update.

I'm not in the trade, but I will take the short trade...
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  • #18
  • Sep 13, 2016 8:15pm Sep 13, 2016 8:15pm
Today I parted ways with my broker, Axitrader...

After I make some profit they increased fixed spread of XPTUSD from 5 to 10 pips.

Now they increased it to floating spread of +200 pips, saying
"Yes as part of my team reviewing the XPTUSD setting in terms of spread and execution which was occurring, there was an incorrect setting in place which was causing the strange execution. As a result, they have amended the settings to reflect a more accurate market price being provided from our liquidity providers which is what you are seeing now.
the spread you are mentioning now is correct. Unfortunately this cannot be reduced as this is a more accurate depiction of spread for an illiquid symbol such as XPTUSD."

They didn't like the fact that I am making money, and they are not for XPT trades...

Time to move on.

Any broker recommendations, not USA citizen
  • #19
  • Sep 15, 2016 6:00am Sep 15, 2016 6:00am
OK.

Due to spread problems with XPTUSD,
I will try to trade Indices.

Strategy:
Sell (scale in) bull rallies.

DAX,
S&S,
NASDAQ,
DJI

Initial deposit:
x2 $250
(2 accounts of $250)

I haven't deposited to the new broker, but the account is active.
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  • #20
  • Sep 15, 2016 6:10am Sep 15, 2016 6:10am
I will come up with a plan soon

DAX 60M
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