Well I funded a $50 account and lets see if I can give a proper go this time. Got up to $700 before losing my head last time but this time will try to remain disciplined!!
- #722
- Jul 16, 2020 7:40am Jul 16, 2020 7:40am
I'm finished for today. As I find the market today very hard to trade. I was struggling the whole Morning to find suitable entries for my system and I messed up a few trades as major currencies where in constant change for the lead. After New York Opening I made some decent profit on GBP/JPY. I went with my standart Lot Size and build up position because my Ichimoku System and Price action told me everything is fine. I attached the screenshot from the morning, as well my trade on GBP/JPY today.
For a 1min TF-Trader, market enviroments like this can be stressful. At least for me. Hope tommorow the pictures will be more clear so it is easier to make money.
Good Luck to the fellow 409s today.
For a 1min TF-Trader, market enviroments like this can be stressful. At least for me. Hope tommorow the pictures will be more clear so it is easier to make money.
Good Luck to the fellow 409s today.
- #723
- Edited 12:57pm Jul 16, 2020 9:14am | Edited 12:57pm
- Joined Feb 2011 | Status: Trader | 6,018 Posts
{quote} Great Good Luck my Friend.
I'm also finished for today. Tried to push it a bit too much and nearly got caught but needed to get the balance moving to catch up with you guys!
- #724
- Jul 16, 2020 9:50am Jul 16, 2020 9:50am
{quote} Well done you too friend!
It's clearly the trades which your are not doing, these are making you succeed in the challenge.
- #725
- Jul 16, 2020 11:54am Jul 16, 2020 11:54am
- Joined May 2017 | Status: Trader | 3,880 Posts
Its been a successful day adding +9.7% to the account. 
Truth is like poetry. And most people f*cking hate poetry.
- #726
- Edited 12:37pm Jul 16, 2020 12:19pm | Edited 12:37pm
Its been a successful day adding +9.7% to the account.
EDIT: I just see you took 3 trades today. Is this correct?
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- #728
- Edited 2:09pm Jul 16, 2020 1:02pm | Edited 2:09pm
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Its been a successful day adding +9.7% to the account.
Well I saw a good setup a few minutes ago so I'm reshowing my TE with a slightly better increase
- #729
- Jul 16, 2020 4:24pm Jul 16, 2020 4:24pm
- Joined May 2017 | Status: Trader | 3,880 Posts
{quote} Good Job! Nice Pips for you today. How many trades on average you take per day ? EDIT: I just see you took 3 trades today. Is this correct?
I don't have any set limit on how many trades per day, I take what the market gives me. Some days maybe only 1 trade, some days more, it depends on what I see.So far the average trades per day according to the account stats is 1.8 so that's like nearly 2 trades per day on average, but I don't focus on quantity, its the quality of the valid set ups I focus on.
Another thing I do keep in mind is my margin, so I don't try to have too many concurrent open orders to make sure I have enough margin to hold them safely.
Truth is like poetry. And most people f*cking hate poetry.
- #730
- Jul 17, 2020 6:57am Jul 17, 2020 6:57am
- Joined May 2017 | Status: Trader | 3,880 Posts
I found this photo that I had saved from a forex group long ago thinking to give it a try some day. I'm wondering if now isn't a good time to do it. Its only a one month challenge (more like 2 months) and it could be a nice boost to my trading account. What you think anyone else seen this or tried it? {image}
So I decided to give this mini challenge a go. Its not taking any real extra effort from my side, and if all goes well it will make me a nice little lump sum to add to my account.
I'm using a trader copier so the same trades that I take on on this challenge will be copied over, but with the risk adjusted for the $50 account. this should be fun.
Truth is like poetry. And most people f*cking hate poetry.
- #731
- Edited 9:22am Jul 17, 2020 8:55am | Edited 9:22am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Well I'd just like to get to that magical $1000 stage firstly and then hopefully onwards and upwards
Reasonably good day up 25% and should be into three figures on Monday - too many scalps but anyway a gain is a gain!!
Reasonably good day up 25% and should be into three figures on Monday - too many scalps but anyway a gain is a gain!!
- #733
- Jul 17, 2020 12:11pm Jul 17, 2020 12:11pm
- Joined May 2017 | Status: Trader | 3,880 Posts
Truth is like poetry. And most people f*cking hate poetry.
- #734
- Jul 17, 2020 12:39pm Jul 17, 2020 12:39pm
- Joined Feb 2011 | Status: Trader | 6,018 Posts
I did not had a good day like you. I was mentally all over the place, and it really messed with my trades... Fresh start on Monday...
- #735
- Jul 18, 2020 2:11am Jul 18, 2020 2:11am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Hi 409k challenge traders
I thought I would post this video on TMA combined with TDI. An excellent strategy. Don't know why he's also using that stupid MACD indi as well - totally unnecessary. But I must say that using TDI probably a good idea. One can find the indi's on Forex Factory quite easily.
I thought I would post this video on TMA combined with TDI. An excellent strategy. Don't know why he's also using that stupid MACD indi as well - totally unnecessary. But I must say that using TDI probably a good idea. One can find the indi's on Forex Factory quite easily.
Inserted Video
- #736
- Jul 20, 2020 6:57am Jul 20, 2020 6:57am
- Joined May 2017 | Status: Trader | 3,880 Posts
{quote} That's unfortunate to hear, but don't worry I had 4 starts before this one. Today has also not been the best day for me, I don't normally like trading on Fridays, but I opened 2 positions which have been ranging the whole day and more than likely I'll be holding them over the weekend which I don't like to do. If I wasn't confident in my analysis I'd close them for the small loss, but I trust my analysis and they should go to profit next week if not today.
Well my analysis played out how it was supposed to. I did have to hold over the weekend which I don't normally like to do, but I trusted in my analysis and my orders closed in profit for +9%.
I'm still on the lookout for more opportunities today, but if there's nothing good I'll continue tomorrow.
Have a great week!
Truth is like poetry. And most people f*cking hate poetry.
- #738
- Jul 20, 2020 8:51am Jul 20, 2020 8:51am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Hi, I decided to give it a go again after trying in January. I started last week. Hopefully this will go well :-)
But welcome and Good Luck!
- #739
- Jul 20, 2020 8:52am Jul 20, 2020 8:52am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Well managed to push on a bit on a rather difficult BLUE Monday
20% up so not too bad I suppose.
A long long way to go to catch up with mrdfx!
20% up so not too bad I suppose.
A long long way to go to catch up with mrdfx!
- #740
- Jul 20, 2020 8:55am Jul 20, 2020 8:55am
- Joined May 2017 | Status: Trader | 3,880 Posts
Hi, I decided to give it a go again after trying in January. I started last week. Hopefully this will go well :-)
Truth is like poetry. And most people f*cking hate poetry.