Personal Challenge with $20 Starting Capital | Forex Factory

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Personal Challenge with $20 Starting Capital

  • #1
  • First Post: Jun 15, 2017 10:16am Jun 15, 2017 10:16am
Hello. This is my first journal. I will track my progress via this thread and post from time to time.

I am challenging myself where $20 is my starting money.

My Strategy is simple and will involve a lot of SMA and fibonnaci retracement levels.

Here is a sample long entry in GBPUSD.

Hit the SMA a couple of times and 161.8 fib retracement level was hit. So, long somewhere there.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(Long).png Size: 73 KB


Here is a sample short entry in GBPUSD.
Hit the SMA a couple of times and 70.70 or 76.8 fib retracement level was hit. So, short somewhere there.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(Short).png Size: 72 KB
Multiple SMA Trader
  • #2
  • Jun 15, 2017 2:51pm Jun 15, 2017 2:51pm
Quoting lechugas
Hello. This is my first journal. I will track my progress via this thread and post from time to time. I am challenging myself where $20 is my starting money. My Strategy is simple and will involve a lot of SMA and fibonnaci retracement levels. Here is a sample long entry in GBPUSD. Hit the SMA a couple of times and 161.8 fib retracement level was hit. So, long somewhere there. {image} Here is a sample short entry in GBPUSD. Hit the SMA a couple of times and 70.70 or 76.8 fib retracement level was hit. So, short somewhere there. {image}
Friend, I wish you sincerely all the luck.

How can you trade like that, I can not even see the price.
But if works for you
The funniest, is that nobody takes me seriously.
  • #3
  • Jun 21, 2017 12:40pm Jun 21, 2017 12:40pm
Quoting FairTrader
{quote} Friend, I wish you sincerely all the luck. How can you trade like that, I can not even see the price. But if works for you
Thank you friend It takes a while to get used too.
It is basically looking how the price reacts to the moving averages.
I'm just looking for moving averages that works as support and resistance.
Multiple SMA Trader
  • #4
  • Jun 22, 2017 12:57am Jun 22, 2017 12:57am
It's looking very good so far. And I'm speaking of the results, not the bunch of indicators that you use, but whatever it works.

Do you think you can pull this off consistently? What you think?
  • #5
  • Jun 22, 2017 2:01am Jun 22, 2017 2:01am
Quoting raphaelfx
It's looking very good so far. And I'm speaking of the results, not the bunch of indicators that you use, but whatever it works. Do you think you can pull this off consistently? What you think?
I believe I can pull it off. That is the plan though. To trade consistently with profit. Any trader should aim for that and I as well
Multiple SMA Trader
  • #6
  • Jun 22, 2017 2:57am Jun 22, 2017 2:57am
I hope and wish you make it whatever goal you decide to set.
  • #7
  • Last Post: Jun 22, 2017 3:59am Jun 22, 2017 3:59am
I wish you well with your goal as well.
Multiple SMA Trader
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