What is this for? Looking at that index, the last time they returned over 5% for a year was in 2003. Not exactly stimulating stuff.

My Real Live/Life trading account Story 1999-present exposed

1% per month, on average, is a good year's trading 2% per month, on average, is a great year's trading 3% per month, on average , is a superb year's trading If you can achieve 1% per month reasonably consistently, keeping your drawdown low, you have ...

My Real Live/Life trading account Story 1999-present exposed

Week ending 04Aug18 This week started well, but the GBP fell back again later in the week, so a slight loss in the end, down 0.3% on equity for the week. As it happened later in the week, it means the month hasn’t got off to a good start, down 1.7% ...

Set and Forget

Month end 31July18 Overall not too many fluctuations this month, and if the last two years are anything to go by we can expect August to be more of the same, with more sideways movement on a lot of pairs. We are up 1.2% for the month on the AUD ...

Set and Forget

Week ending 28Jul18 An average week this week, with 5 orders placed, all taken, and also 5 TPs hit (making target). Increase in equity on the AUD (and overall) was 0.6%. All pretty standard. That means we are currently up 9.9% on the AUD account in ...

Set and Forget

Week ending 21Jul18 Not a great week this week, with 14 orders placed, all taken, and just 4 TPs hit. So for the week we are down 3.7% on equity, with 21 trades still open, and Margin Used at 33.6% of NAV. That means we are down about 0.8% for the ...

Set and Forget

For the record, and putting it out there before anything else, I do not endorse any of what JM is saying, nor do I agree with most of what he is trying to say (not that it seems entirely clear - for someone with supposedly 10 years experience and ...

3 steps to turn around your trading in no time

Week ending 14Jul18. Another good week this week. 11 orders placed, 10 filled, and 11 TPs hit in total, so well above target. With a gain in Equity of 1.1% on the AUD account, that makes it 3.0% month-to-date. The were quite a few fluctuations ...

Set and Forget

Given that the MyFXBook isn't accurate, I have transposed the figures to excel and created my own chart (as recommended by Dave in an earlier post). I think it shows a much clearer picture of Balance vs Equity than the MyFXBook chart. What I have ...

Set and Forget

Week ending 07Jul18 A very good week this week. After the “reset” on Monday, I opened another 23 trades, and with the Corn position still open that was a total of 24. When I could, I also closed the corn trade (just before it went up ...

Set and Forget

RESET I decided to take the opportunity to reset, and closed all my trades yesterday (except Corn, which I couldn't close at the time). Equity was at $20300 in the AUD account, with $2003 in the NZ Funds Account. So the Balance took a big hit (I was ...

Set and Forget

Six-month summary Week ending 30Jun18 A superb week this week, with a 4.1% gain in equity in the AUD account, and with the rise in the AUDNZD the overall gain was 5.3%. With 20 trades already open, there weren’t a lot of new opportunities, and I ...

Set and Forget

Hi Waltini, Lot size is determined by number of pips required to meet Take Profit target (different per each currency pair) , as well as the dollar amount (currently 0.15% of Balance per trade) of the Take Profit target. So if the target is at 40 ...

Set and Forget

Week ending 23June18 Another mixed week this week, with some good fluctuations, which is what I like – slow, sideways markets don’t make for interesting trading. I placed six trades on Sunday, all taken by Monday night, and 5 TPs hit, so pretty much ...

Set and Forget

An awesome start - keep it up!

20 Days double up challenge

Hi Mike, Sorry -I don't know if there is a way of attaching screenshots in the messages - if there is I can't see it. Here is the summary of the trades, please note I have stopped trading some of these (including wheat for example)

Set and Forget

I don't have set stop-losses, the losses I take are quite fluid. As an example, here is the AUDNZD for the same period. 11 trades, 9 wins, 2 losses, for an overall loss of 98pips. One loss at Xmas, one when I had good gains in other pairs and did a ...

Set and Forget

Hi Hambone, Here is a screenshot of those EURGBP trades since last Nov. 18 Taken, 17 wins, 1 loss, for 458 pips in total. Hope that helps. Cheers

Set and Forget

Week ending 16Jun18 An interesting week in the markets this week with the ECB announcement on Thursday. Looking at some other journals on here some seem to have been hit very hard indeed. For my AUD account, I placed 4 orders this week, all taken. ...

Set and Forget

Cheers Dave. The problem with the Oanda P&L graph is that it doesn't show current drawdown. At least with the MyFxBook there is a balance and an equity line, and I believe having a manageable drawdown is paramount to long term success. I suppose ...

Set and Forget