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- 30 Results (1 Thread , 29 Replies )
- DougKing replied Oct 26, 2020
I withdrew $5,000 from the account. I'm happy I'm still in profit. But I feel burnt out. It's Monday and I'm already exhausted, so I decided just to go back to $1,000 and deescalate the account. I had already decided not to trade next week due to ...
- DougKing replied Oct 24, 2020
This week was just all sideways, I made $112 with 32 trades. It felt like hard work. Some weeks you can tell on Monday what kind of week it is going to be. With 2 losing trades to start the week I had a feeling it wasn’t going to be as easy as it ...
- DougKing replied Oct 15, 2020
I might have attempted way too much this week. I definitely got carried away. With what started as a fantastic week. I might have ruined it by overtrading as well as too much correlation between pairs. The AUD was hit hard over the last two days. ...
- DougKing replied Oct 8, 2020
I want to quickly address the returns before this is pointed out. What I have obtained over the last 2 months is just a run of luck, losses will follow at some point. The equity graph should look more like a mountain range rather then what it is ...
- DougKing replied Oct 8, 2020
I was thinking the opposite. Golds in the upper range of the last 24hours, the London open will be important for setting the direction
- DougKing replied Oct 8, 2020
image (had to edit, one number was off) This is the break down of risk per trade. Some trades are a little more and some are a little less. But here is the main guide I'm going by at the moment. I also want to note that trades like the US500 and ...
- DougKing replied Oct 7, 2020
I've had some questions asking for some clarification about my current trading rules. So here is what I'm currently implementing. They are still very similar to what was first outlined but more aggressive. Instead of changing it up too much, which I ...
- DougKing replied Oct 6, 2020
Hey, you have a good track record so far. Do you mind sharing a little more about the strategy? What do you define as high and low? where is the TP and SL, what kind of size do you use? Keep up the good work!
- DougKing replied Oct 6, 2020
I took a loss in US500 and I'm lucky it wasn’t a lot bigger. This was a lesson in not falling in love with a position. I was convinced that the market was going to fall. Now I had previously taken a long trade because I believed that the whole trump ...
- DougKing replied Oct 6, 2020
is there an easy way to turn this chart around?
- DougKing replied Oct 6, 2020
Looking a little top heavy here. Look at the rejection of the 1.8000 level
- DougKing replied Oct 2, 2020
Well I'm guessing that now the title is misleading, and I have failed my challenge. This has disappointed me a little, though at the same time I feel like a weight has been lifted and I can trade stress free. I have clearly been risking more than 2% ...
- DougKing replied Sep 9, 2020
Monday crushed me and Tuesday broke me. I honestly just wanted to abandon this. I had 7 losses in a row followed by a small winner and then another 8 losses. Then another 7% of losses on Wednesday for good measure. It was a disaster! I guess I ...
- DougKing replied Sep 5, 2020
Not much to report on this week. It was a gain of 4% with a strong start to the week of 3% then just treading water for the rest of the week with a strong finish into the close. I'm much happier with just managing the 5 pairs from here on. It makes ...
- DougKing replied Sep 2, 2020
I have decided to just trade 5 pairs with the 20 pip Tp and 60 pip SL. My backtesting has shown them to be the most profitable. So no other rules have changed. I'm sticking with exactly what I have stated in my first post. I concluded that if I was ...
- DougKing replied Aug 30, 2020
After a tough week with what looked like not much movement till Thursday. I am finding it hard to manage so many pairs at once. Even 24 pairs to becoming a bit of a headache. The surprise news of the Japanese prime minister really threw my account ...
- DougKing replied Aug 26, 2020
image Losing trades suck and no matter how much back testing you do it’s always a bad feeling. But what makes my trade on the CHFJPY patricianly bad is that it broke my rules to begin with. I don’t remember why I took the trade or what was going ...
- DougKing replied Aug 24, 2020
I have spent some time backtesting this weekend because I have some concerns about the account. I'm running this method on 25 pairs (all the majors and some minors with reasonable spreads) it has become apparent that the standard 20 pip TP and 60 ...
- DougKing replied Aug 21, 2020
Hey Zoheb01, I watched your first two videos. Great Videos mate, it was a very polished and professional production! I'll be following along thanks. I do have a question because I have traded your method in the past. As you noted the risk is a ...
- DougKing replied Aug 21, 2020
image Here is a trade I took on NZDUSD off the 1H chart. Although it was a losing trade, it is still a trade that follows all my rules. The NZDUSD was in a downtrend. Price consolidated the pushed down again. I missed this and entered as it was ...