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10% a month challenge

  • #141
  • Sep 16, 2016 3:35pm Sep 16, 2016 3:35pm
Quoting TakeUrPills
I don't like to hold over the weekend so I closed it for a good 100pips. If there will be no gap on Monday morning, then I will jump right back. Still looking for @4850 as primary and @4750 as secondary target.
Well done bro, I close my GA short with +63.
trading is simple but is simple is not easy.
  • #142
  • Sep 19, 2016 2:55am Sep 19, 2016 2:55am
Missed the good re-entry opportunity while I was sleeping on E/A. It fell 80+ pips since market opening. What a shame
  • #143
  • Sep 19, 2016 9:10pm Sep 19, 2016 9:10pm
Did take 55pip on GA again yesterday but on one account I finished in negative....well....all part of the business.

This is my view on EA.

This bear channel line can be just a bull flag but thetrend channel line has not been broke yet and the channel is very steep...... even if it breaks healthily a test of the recent low is probably before anything else.

So I will be looking for short and once the trend channel line is broken I will be looking to trade both ways.
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trading is simple but is simple is not easy.
  • #144
  • Sep 21, 2016 4:55am Sep 21, 2016 4:55am
Only two trader for me today.

I was bearish here ( I take notes and write them on the charts for each pair first thing before I start to trade).

Price just spiked up (news), hit two (one, the other got near) trend channel lines and resistance.

She then formed a type of pin bar I went short below it, made 44 pips in 41minutes, not bad.

The second trade was short GU, went in my direction but I failed taken profit at support ( I was not around, but I could have set a TP), got out at BE.

I cannot see much going on atm and I am not feeling that well so I will stop and do something else.
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trading is simple but is simple is not easy.
  • #145
  • Sep 29, 2016 12:30am Sep 29, 2016 12:30am
Hey guys,

I am sorry to not have much time to post trades and set ups... I am doing day time job and trading at the same time and is just not possible. But I more then qualified for the 10% per month. I hope this account will stay alive So stats:

Month 1: +324% in 98 trades
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  • #146
  • Sep 29, 2016 12:37am Sep 29, 2016 12:37am
Quoting IndigoPingvi
Hey guys, I am sorry to not have much time to post trades and set ups... I am doing day time job and trading at the same time and is just not possible. But I more then qualified for the 10% per month. I hope this account will stay alive So stats: Month 1: +324% in 98 trades {image}
I only wish that the thread Op managed his thread more efficiently.

Then this thread would be far more productive and also interesting.

Until that happens its just another thread that will be neglected ... pity!

ps. the key metric was to remain under 10% floating DD so if you have achieved this then well done.

Good trading to all,

Masterrmind...........
Master your Mind then Master your Trades
  • #147
  • Sep 29, 2016 1:45am Sep 29, 2016 1:45am
Quoting Masterrmind
{quote} I only wish that the thread Op managed his thread more efficiently. Then this thread would be far more productive and also interesting. Until that happens its just another thread that will be neglected ... pity! ps. the key metric was to remain under 10% floating DD so if you have achieved this then well done. Good trading to all, Masterrmind...........
I missed that requirement. Is this 10% DD on equity or balance? Equity DD was about 15%, I didn't check the exact number. Balance was not. No lost trade so far. We all have different perspective of the market, different goals and different ways to get there. I can not imagine to have 60 trades open at the same time and running them 6600 pips in red. This would kill my psychology. So the requirements can be somehow stretched as one thing for one person is a perfect way to trade but would be a kill for another.
  • #148
  • Sep 29, 2016 2:05am Sep 29, 2016 2:05am
Quoting IndigoPingvi
Hey guys, I am sorry to not have much time to post trades and set ups... I am doing day time job and trading at the same time and is just not possible. But I more then qualified for the 10% per month. I hope this account will stay alive So stats: Month 1: +324% in 98 trades {image}
Hi Indigo

Well done. Great results.

I think you should make your TE available for us to see.
trading is simple but is simple is not easy.
  • #149
  • Sep 29, 2016 2:15am Sep 29, 2016 2:15am
Quoting ZenNy
{quote} Hi Indigo Well done. Great results. I think you should make your TE available for us to see.
When I started Trading journal I blow first two 10 EUR accounts. The TE had such psychology impact on me that for some reason 70% of the trades were not open according to the plan. With TE closed only 5-7%. So I'll keep it closed until I reach my goal.
  • #150
  • Sep 29, 2016 2:38am Sep 29, 2016 2:38am
Looking good this month: 25% ROI

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Le$$ I$ More
  • #151
  • Sep 29, 2016 4:11am Sep 29, 2016 4:11am
Guys, no TE showing it is useless, anyone can show anything with a screen shot.....

Anyway, I leave you to it.....I am out of here.

Personally I reach my goal of 10%. (two days for the end of the month)

Got hit a couple times, last time I had 6 consecutive losses and that hurts a bit.....but overall not bad.
trading is simple but is simple is not easy.
  • #152
  • Sep 29, 2016 7:07am Sep 29, 2016 7:07am
Quoting ZenNy
Guys, no TE showing it is useless, anyone can show anything with a screen shot..... Anyway, I leave you to it.....I am out of here. Personally I reach my goal of 10%. (two days for the end of the month) Got hit a couple times, last time I had 6 consecutive losses and that hurts a bit.....but overall not bad.
Well yes I guess one can spend a week photoshoping screen-shot But what exactly do you think you will find in TE? Having only one strategy is in my opinion not going to bring you success in FX. And you will not be able to distinguish in TE what strategy was used and why. They can even be conflicting strategies... So reverse engineering of methodology is impossible. Also we all have different expectations of the market. Some expect 1-2 pips per trade, some expect 500 pips minimum, some go against the trend, some with the trend... Each trade can be different and story by itself and TE will not reveal the story.

Those are most of the trades I made this month (I left out a few EJ and DAX) all are win and average trade is 30 pips.
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  • #153
  • Sep 29, 2016 8:06am Sep 29, 2016 8:06am
Quoting Masterrmind
{quote} I only wish that the thread Op managed his thread more efficiently. Then this thread would be far more productive and also interesting. Until that happens its just another thread that will be neglected ... pity! ps. the key metric was to remain under 10% floating DD so if you have achieved this then well done. Good trading to all, Masterrmind...........
Agreed. I must say that I have had a lot of things going on in my life after opening this thread that took me away from managing the thread properly. I apologize.

The goal of the thread was not to share ideas or setups, it is to trade anyway you wish but to remain under 10% DrawDown. So I just waited till the end of the month to see how people do ...

Now it is almost the end of the first month, as we started on Sept. 1st If you wish to remain a part of this friendly competition you must post your TE here, or just give us the link Get your stats ready as we have only 2 days reminaing in this trading month.

... Happy trading ...
  • #154
  • Sep 29, 2016 8:15am Sep 29, 2016 8:15am
Quoting IndigoPingvi
{quote} Well yes I guess one can spend a week photoshoping screen-shot But what exactly do you think you will find in TE? Having only one strategy is in my opinion not going to bring you success in FX. And you will not be able to distinguish in TE what strategy was used and why. They can even be conflicting strategies... So reverse engineering of methodology is impossible. Also we all have different expectations of the market. Some expect 1-2 pips per trade, some expect 500 pips minimum, some go against the trend, some with the trend... Each...

The reason we ask for TE is to see results. We are not interested in strategy here. You can trade whatever way you wish. The objective of this thread is to trade monthly with less that 10% drawdown, and to attempt to get 10% profit. IT is meant to exercise self discipline when it comes to trading. You aren't required to have a specific system or strategy or even share your trades.

Happy Trading
  • #155
  • Sep 29, 2016 9:00am Sep 29, 2016 9:00am
Quoting JustUsePrice
{quote} The reason we ask for TE is to see results. We are not interested in strategy here. You can trade whatever way you wish. The objective of this thread is to trade monthly with less that 10% drawdown, and to attempt to get 10% profit. IT is meant to exercise self discipline when it comes to trading. You aren't required to have a specific system or strategy or even share your trades. Happy Trading
I understand. Can you clarify/answer my question, please, does 10% DD gets calculated on equity or balance? If equity then I do not qualify and for that reason I wish you all good luck and many green pips!!
  • #156
  • Sep 29, 2016 3:02pm Sep 29, 2016 3:02pm
Quoting JustUsePrice
{quote} The reason we ask for TE is to see results. We are not interested in strategy here. You can trade whatever way you wish. The objective of this thread is to trade monthly with less that 10% drawdown, and to attempt to get 10% profit. IT is meant to exercise self discipline when it comes to trading. You aren't required to have a specific system or strategy or even share your trades. Happy Trading
JUst

Great results and great TE, well done.
trading is simple but is simple is not easy.
  • #157
  • Sep 30, 2016 2:35pm Sep 30, 2016 2:35pm
Quoting IndigoPingvi
{quote} I understand. Can you clarify/answer my question, please, does 10% DD gets calculated on equity or balance? If equity then I do not qualify and for that reason I wish you all good luck and many green pips!!

We agreed to just look at the max DD results as given by TE.
  • #158
  • Sep 30, 2016 2:37pm Sep 30, 2016 2:37pm
Calling all participants to post their TE results or just include the link... If you are still interested in joining us in this friendly competition.

Happy trading

If you can't share the link, just post a TE screen shot, like below:
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  • #159
  • Oct 3, 2016 11:50pm Oct 3, 2016 11:50pm
Quoting ZenNy
{quote} JUst Great results and great TE, well done.

Thanks Zenny .. you too
  • #160
  • Oct 3, 2016 11:52pm Oct 3, 2016 11:52pm
Quoting JustUsePrice
Calling all participants to post their TE results or just include the link... If you are still interested in joining us in this friendly competition. Happy trading If you can't share the link, just post a TE screen shot, like below: {image}

seems like there is no interest anymore .. oh well .. we are into October now, so get your trades in order
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