FX Trading - The Tough Journey | Forex Factory

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FX Trading - The Tough Journey

  • #1
  • First Post: Edited Sep 24, 2016 9:35pm Sep 23, 2016 11:00pm | Edited Sep 24, 2016 9:35pm
Nearly 5 years, full of tears and joys, struggled and disappointed, gived up and started all over again, I've had so many experiences and stories to tell. I think I found my strategy that suits my trading style. I opened this thread to share with you my live trading account.

I'm testing the strategy that I've spent more than 5 years seeking for it.

My goal is: ROI = 10,000%

If the strategy can overcome this target, I will start put more money into it.

Via this thread, I will share my opinion and my trading philosophy.

If you have any questions, feel free to contact me via Skype or Private Message.
  • #2
  • Sep 24, 2016 1:12pm Sep 24, 2016 1:12pm
After 5 years your goal is: ROI = 10,000% . Congratz .
Never Gamble Forex
  • #3
  • Sep 26, 2016 8:50pm Sep 26, 2016 8:50pm
A trader suggested me to explain my trades on this thread. However, I've just traded 36 trades and the goal is still far away. So my analysis is just for reference, not reliable yet. Until my trading target (ROI = 10,000%) is being met, my analysis will be more reliable for you to follow. Now, it's just for sharing purpose. Thank you for your understanding!

Today, Sep 27th,2016, I will focus on the short opportunity on GBPCAD. As you can see on the daily chart, GBPCAD is currently at the 1.71840 resistance level. But please keep in mind that, there's always the STOP HUNTERs out there, as you place the sell orders, they will place buy orders in order to kill all of your small orders before the true short power begins. That's why I never place the sell orders at the first signal (engulfing pattern or pin bar pattern), I will wait until the Stop hunting happens.

One more important notice that, the Stop hunting processes can happen several times in a row. That's our first risk.

The second risk is the GBPCAD can go up and break through the current resistance level. To prevent this situation from happening, I have already placed a long position on GBPUSD. In case I see the strong buy power, I will not trigger the Short position on GBPCAD.

Here is my illustration:

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  • #4
  • Edited 4:28am Oct 1, 2016 4:08am | Edited 4:28am
Weekly Summary (26/9 - 30/9/2016)

My failures:

1. The biggest failure is I miss the short opportunity on GBPCAD because I was busy with my friend's birthday party
2. All of my analysis of AUDCHF, GBPCAD v CADCHF were all correct, however, all of them are being hunted by stop hunters. My trigger wasn't good enough.
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As soon as I realized my error, I have fixed my error by short selling the AUDNZD in order to cover all the losses
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.

I was successful to get out of the losing trades on USDCAD, EURCHF and GBPUSD. So my drawdown is limited only to 3 losing trades, instead of 6!

To sum up: this is a breakeven week. However, I learnt an important lesson - never go to a birthday party when a big trade is upcoming )

Big trade upcoming next week! - long opportunity on AUDNZD

Happy weekends and happy trading!
  • #5
  • Oct 1, 2016 11:30pm Oct 1, 2016 11:30pm
Quoting vothienphu93
Weekly Summary (26/9 - 30/9/2016) My failures: 1. The biggest failure is I miss the short opportunity on GBPCAD because I was busy with my friend's birthday party 2. All of my analysis of AUDCHF, GBPCAD v CADCHF were all correct, however, all of them are being hunted by stop hunters. My trigger wasn't good enough. {image} {image} {image} As soon as I realized my error, I have fixed my error by short selling the AUDNZD in order to cover all the losses {image}. I was successful to get out of the losing trades on USDCAD, EURCHF and GBPUSD. So my drawdown...

1. The biggest failure is I miss the short opportunity on GBPCAD because I was busy with my friend's birthday party
2. All of my analysis of AUDCHF, GBPCAD v CADCHF were all correct, however, all of them are being hunted by stop hunters. My trigger wasn't good enough.

Its Not failure. There is opportunity everyday. No worry....keep going.
Never Gamble Forex
  • #6
  • Oct 2, 2016 11:56pm Oct 2, 2016 11:56pm
A high winning probability trade - focus on AUDNZD set up this week

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  • #7
  • Oct 18, 2016 3:01pm Oct 18, 2016 3:01pm
Hey Buddy...No update since long?
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Never Gamble Forex
  • #8
  • Last Post: Nov 21, 2016 6:30am Nov 21, 2016 6:30am
Quoting vothienphu93
Nearly 5 years, full of tears and joys, struggled and disappointed, gived up and started all over again, I've had so many experiences and stories to tell. I think I found my strategy that suits my trading style. I opened this thread to share with you my live trading account. I'm testing the strategy that I've spent more than 5 years seeking for it. My goal is: ROI = 10,000% If the strategy can overcome this target, I will start put more money into it. Via this thread, I will share my opinion and my trading philosophy. If you have any questions,...
Epic failed. Be realistic , forex is a serious business , not a poker or gambling slot.
Never Gamble Forex
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