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$409k Challenge

  • #741
  • Jul 20, 2020 8:59am Jul 20, 2020 8:59am
Quoting mrdfx
{quote} Happy Monday guys! 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! {image}
Ok so I found some good selling opportunities on GBP adding another +7.3% to account bringing it to over $3k.

The $50 challenge account is also going well achieving +100% profit today.

All in all its been a good Monday. Now its SOH!
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Truth is like poetry. And most people f*cking hate poetry.
  • #742
  • Jul 20, 2020 10:44am Jul 20, 2020 10:44am
Quoting mrdfx
{quote} Ok so I found some good selling opportunities on GBP adding another +7.3% to account bringing it to over $3k. The $50 challenge account is also going well achieving +100% profit today. All in all its been a good Monday. Now its SOH! {image} {image}
Yes there were a couple of nice scalps available off the TMA on GBPUSD up and down - I was concentrating on Gold off any minor pull backs as it's still in a nice uptrend.

Well done indeed though
  • #743
  • Jul 20, 2020 1:07pm Jul 20, 2020 1:07pm
Good Job Guys.

I could recover some loses from friday today.
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  • #744
  • Jul 20, 2020 1:10pm Jul 20, 2020 1:10pm
Quoting mrdfx
{quote} Ok so I found some good selling opportunities on GBP adding another +7.3% to account bringing it to over $3k. The $50 challenge account is also going well achieving +100% profit today. All in all its been a good Monday. Now its SOH! {image} {image}
wooow from 100 $ to 3K$ bro ur a legend congratulation ....
  • #745
  • Jul 21, 2020 6:16am Jul 21, 2020 6:16am
I started today with 200 usd. 1st trade tp

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  • #746
  • Jul 21, 2020 6:58am Jul 21, 2020 6:58am
Quoting P.Action
I started today with 200 usd. 1st trade tp {image}
Welcome to the challenge!
Truth is like poetry. And most people f*cking hate poetry.
  • #747
  • Jul 21, 2020 8:27am Jul 21, 2020 8:27am
Today was a really good day adding +10% to the account bringing the total balance to over +$3200 which means I have now completed month 5!

This was another relatively stress free month and I was able to complete month 5 in 15 days.

On to month 6 which is half way of the challenge!
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Truth is like poetry. And most people f*cking hate poetry.
  • #748
  • Jul 21, 2020 8:33am Jul 21, 2020 8:33am
Nice job mate bravo you have a good eye gor picking trades BRAVO
  • #749
  • Jul 21, 2020 8:53am Jul 21, 2020 8:53am
Quoting P.Action
I started today with 200 usd. 1st trade tp {image}
2 days in my pocket.

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  • #750
  • Jul 21, 2020 9:37am Jul 21, 2020 9:37am
Hi everyone, I will kindly love to join the challenge
I'm enjoying the wins because I was once terrified by loses
  • #751
  • Jul 21, 2020 9:57am Jul 21, 2020 9:57am
Quoting Erto
Hi everyone, I will kindly love to join the challenge
Sure you can, anyone can.

Fund an account with $100 and follow the trade plan on post #1 and start trading.

It doesn't matter when you start, as long as you start and stick to the plan. Good luck!
Truth is like poetry. And most people f*cking hate poetry.
  • #752
  • Jul 21, 2020 10:02am Jul 21, 2020 10:02am
Quoting P.Action
{quote} 2 days in my pocket. {image}
3 days in my pocket in 1 day. I think i should insert my result at the end of the day
Good.
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  • #753
  • Jul 21, 2020 1:13pm Jul 21, 2020 1:13pm
I want to share with you guys some supplemental information of how I analyze the market when I trade.

Below is a screenshot of my chart that I use on my personal trading account. I use these charts as additional supplementation to my daily analysis when looking for trading opportunities. Now the indicators you see on the chart are not used for deciding if/when to trade or not like trading signals, they are used to take a broader look at what is happening in the market and what price is doing. I will look at a number of factors that helps me to see where price is and how it is behaving relative to that currency.

When I do my market analysis and I'm looking for trade opportunities I'll look at YH & YL to see if there's been any test or breakout, I look at the weekly pivot levels as they can sometimes act as good dynamic S&R zones, and I also look at the ADR to see how much price has moved for that pair and how much more room there is. Then once I've done that I'll look at all the other related pairs to see their behavior and if there's any confluence.

Using all of this information together as a visual aid helps me increase my probabilities and make a better more well informed decision on what is happening in the market and if there's any opportunities to trade, if not then I move on to the next one. Hope this helps you.

Attached the indicators and template. All indicators were found for free here on FF.
Attached Image (click to enlarge)
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Attached File(s)
File Type: tpl MRDFX Template.tpl   31 KB | 821 downloads
File Type: zip Indicators.zip   389 KB | 1,162 downloads
Truth is like poetry. And most people f*cking hate poetry.
  • #754
  • Jul 21, 2020 1:34pm Jul 21, 2020 1:34pm
Quoting mrdfx
Today was a really good day adding +10% to the account bringing the total balance to over +$3200 which means I have now completed month 5! This was another relatively stress free month and I was able to complete month 5 in 15 days. On to month 6 which is half way of the challenge! {image} {image} {image}
Very Very Well. Great Job! It is a great accomplishment.

I took a trade today and could not close it -88,00, due to Internet shutdown .. this is where my high leverage approach really did some damage...I recharged 90 EUR, and could recover some loses. Made another 21,00 this evening. Tommorow I look forward to finally resolve my consistency issues by impleting HTA to my strategy.

I can see that just be sharing my results here, it will help me to stay disciplined in the Future. I was a losing trader for the last 4 years, and since one year I get breakeven on my results. I hope this Thread and the great attidude from mrdfx and the other guys finally give me the push to be profitable.

Good Luck to the other challengers as well!
  • #755
  • Jul 21, 2020 1:38pm Jul 21, 2020 1:38pm
Quoting P.Action
{quote} 3 days in my pocket in 1 day. I think i should insert my result at the end of the day Good. {image}
End of the day.

Good Luck for all

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  • #756
  • Jul 21, 2020 1:41pm Jul 21, 2020 1:41pm
Quoting mrdfx
I want to share with you guys some supplemental information of how I analyze the market when I trade. Below is a screenshot of my chart that I use on my personal trading account. I use these charts as additional supplementation to my daily analysis when looking for trading opportunities. Now the indicators you see on the chart are not used for deciding if/when to trade or not like trading signals, they are used to take a broader look at what is happening in the market and what price is doing. I will look at a number of factors that helps me to see...
Thanks for sharing this Idea mrdfx. I think those weekly pivots are a great way to get direction right.

I traded a time like davit, but I figured out that his approach it not the right for me, but i think there are a great addition.

Taking the picture you shared. ADR a 101% means, that one should not take a trade anymore on this pair today? As CHF has 56% percent on ADR, does this mean that CHF is likely to move on the present day?
  • #757
  • Jul 22, 2020 12:44am Jul 22, 2020 12:44am
Hi guys

Well I had a very poor day yesterday getting hit trying to sell Gold at NY open

Amazingly I'm still in the game! Believe it or not I was reduced to $6 but I got my balance back to almost $50 which is where I started

Will hopefully post my TE later if I can get some green today. You can't make the scene if you ain't got the green!
  • #758
  • Jul 22, 2020 1:03am Jul 22, 2020 1:03am
Quoting mrdfx
I want to share with you guys some supplemental information of how I analyze the market when I trade. Below is a screenshot of my chart that I use on my personal trading account. I use these charts as additional supplementation to my daily analysis when looking for trading opportunities. Now the indicators you see on the chart are not used for deciding if/when to trade or not like trading signals, they are used to take a broader look at what is happening in the market and what price is doing. I will look at a number of factors that helps me to see...
@mrdfx
Thanks for sharing your indicator and template .
Your trading performance is amazing

This one my trading , but very bad money management .trading with hard grid averaging (sorry my bad english , hope you understand)
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  • #759
  • Jul 22, 2020 3:32am Jul 22, 2020 3:32am
Got my share for the day
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I'm enjoying the wins because I was once terrified by loses
  • #760
  • Jul 22, 2020 5:13am Jul 22, 2020 5:13am
Quoting pintubesar1
{quote} @mrdfx Thanks for sharing your indicator and template . Your trading performance is amazing This one my trading , but very bad money management .trading with hard grid averaging (sorry my bad english , hope you understand) {image}
hello,

yes you are right it is not a good money management. but if he lose all of his money he will lose 100$. you max drawdown is %65 it is high also. nobody can be perfect.

if you suggest better mm pls share us.
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