$409k Challenge | Page 39 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

$409k Challenge Part 2 137 replies

A challenge to those who say Demos suck. 35 replies

AHollis Trading Journal & $409K Challenge 9 replies

A challenge for you 10 replies

heavy Forex challenge 5 replies

Attachments: $409k Challenge
Exit Attachments

$409k Challenge

  • #761
  • Jul 22, 2020 8:23am Jul 22, 2020 8:23am
Todays mission is done

For plan total gain 3hd day must be %10.25
In reality i am at 6th day %27

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200722-161728_Chrome.jpg Size: 242 KB

Attached Image
  • #762
  • Jul 22, 2020 9:15am Jul 22, 2020 9:15am
Quoting KonradGER
{quote} 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?
When I see the the ADR of a pair around 100% or more that indicates to me that that pair has exhausted its average daily movement and its momentum could be slowing down and in that case I'd look for opportunities for a pullback or reversal. If I see a pair that hit its ADR for the day I'd look at other levels to confirm whether there's a possibility for price to move more or for a reversal. Take yesterday on GU for example. It had reached its ADR and had hit the R100 pivot level which is a strong resistance level, and shortly after that GU reversed for over 100 pips.

If I see a pair that has 56% ADR it means that pair probably has still more room to move and depending on what the pair is doing it could mean there is still room to jump on trend and ride the pair out, but it also means that that pair could be ranging and there's not much momentum hence it only having 56% ADR for the day. This is why its important to look at all the information available to help you make a more informed decision. Always look at what price is doing. Always look at what the base currency is doing with the quote currencies.
Truth is like poetry. And most people f*cking hate poetry.
  • #763
  • Jul 22, 2020 9:34am Jul 22, 2020 9:34am
Quoting mrdfx
{quote} When I see the the ADR of a pair around 100% or more that indicates to me that that pair has exhausted its average daily movement and its momentum could be slowing down and in that case I'd look for opportunities for a pullback or reversal. If I see a pair that hit its ADR for the day I'd look at other levels to confirm whether there's a possibility for price to move more or for a reversal. Take yesterday on GU for example. It had reached its ADR and had hit the R100 pivot level which is a strong resistance level, and shortly after that...
Like this?
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB
"Don't Predict, Do react"
  • #764
  • Jul 22, 2020 11:09am Jul 22, 2020 11:09am
Quoting P.Action
Todays mission is done For plan total gain 3hd day must be %10.25 In reality i am at 6th day %27 {image} {image}

End of the day

i am forward 4 days

Attached Image (click to enlarge)
Click to Enlarge Name: 409-1.png Size: 74 KB
  • #765
  • Edited 1:40pm Jul 22, 2020 1:18pm | Edited 1:40pm
Had a great day today. Performing a standard HTA due dilligence before taking trades, put my winrate on another level.

Made a profit of 95,98 EUR. Out of 34 trades today, I had 22 winners at 1/5 min timeframe. Had i not lost this shitty 88 EUROS yesterday due to Internetshutdown, i would be up more. Anyway. Next target is 300 EUR.

From tommorow on I will be streaming the 409k challenge live on youtube. Will start at around 12 a.m until 7-8 p.m gmt. I do it because it's kinda boring to sit alone infront of computer whole day so a bit communication seems well to me.

Link will be shared here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trades GBP-JPY 22.07.2020.jpg Size: 163 KB
Click to Enlarge Name: 22.07.2020.jpg Size: 90 KB
  • #766
  • Jul 22, 2020 1:19pm Jul 22, 2020 1:19pm
Quoting mrdfx
{quote} When I see the the ADR of a pair around 100% or more that indicates to me that that pair has exhausted its average daily movement and its momentum could be slowing down and in that case I'd look for opportunities for a pullback or reversal. If I see a pair that hit its ADR for the day I'd look at other levels to confirm whether there's a possibility for price to move more or for a reversal. Take yesterday on GU for example. It had reached its ADR and had hit the R100 pivot level which is a strong resistance level, and shortly after that...
Thanks for the explationen. I will consider to implement this tool.
  • #767
  • Jul 22, 2020 2:48pm Jul 22, 2020 2:48pm
Quoting belie
{quote} Like this? {image} {image}
Yup you got the idea.
Truth is like poetry. And most people f*cking hate poetry.
  • #768
  • Jul 22, 2020 2:49pm Jul 22, 2020 2:49pm
Quoting KonradGER
Had a great day today. Performing a standard HTA due dilligence before taking trades, put my winrate on another level. Made a profit of 95,98 EUR. Out of 34 trades today, I had 22 winners at 1/5 min timeframe. Had i not lost this shitty 88 EUROS yesterday due to Internetshutdown, i would be up more. Anyway. Next target is 300 EUR. From tommorow on I will be streaming the 409k challenge live on youtube. Will start at around 12 a.m until 7-8 p.m gmt. I do it because it's kinda boring to sit alone infront of computer whole day so a bit communication...
I've contemplated streaming my trade sessions on YouTube, but I don't think anyone would be interested in watching some random guy trade lol.
Truth is like poetry. And most people f*cking hate poetry.
  • #769
  • Jul 23, 2020 5:13am Jul 23, 2020 5:13am
Ok, i startet my stream after struggling with the OBS studio.

Link:
Inserted Video
  • #770
  • Jul 23, 2020 7:23am Jul 23, 2020 7:23am
Quoting belie
{quote} Like this? {image} {image}
Can u share ADR level indicator, that is on pic?
  • #771
  • Jul 23, 2020 7:39am Jul 23, 2020 7:39am
So I didn't post my results yesterday as I was holding some trades overnight which closed today in profit.

Together with yesterdays trades and today's 2 trades I added +22.8% to the account. It's been a good 2 days of trading.

The $50 challenge is also coming along nicely.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2020-07-23 at 09.35.18.png Size: 199 KB
Click to Enlarge Name: Screenshot 2020-07-23 at 09.35.43.png Size: 191 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #772
  • Edited 12:18pm Jul 23, 2020 8:37am | Edited 12:18pm
Quoting mrdfx
So I didn't post my results yesterday as I was holding some trades overnight which closed today in profit. Together with yesterdays trades and today's 2 trades I added +22.8% to the account. It's been a good 2 days of trading. The $50 challenge is also coming along nicely. {image} {image}
You've got great results...1.6 lots per trade
I've got 31% today but still open too many trades and close too early...I'll have to learn to be more patient
Attached Image (click to enlarge)
Click to Enlarge Name: A39EDC4D-C94D-478C-9B18-F04C77B77E4C.png Size: 1.1 MB
  • #773
  • Jul 23, 2020 9:06am Jul 23, 2020 9:06am
Quoting AdamEgWhite
{quote} Can u share ADR level indicator, that is on pic?
this is it. Put settings according to your way
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 28 KB
Attached File(s)
File Type: ex4 !SM_ADR_Marker.ex4   12 KB | 377 downloads
"Don't Predict, Do react"
  • #774
  • Jul 23, 2020 9:10am Jul 23, 2020 9:10am
Quoting P.Action
{quote} End of the day i am forward 4 days {image}
i lost today %5. i am forward 2 days

Attached Image (click to enlarge)
Click to Enlarge Name: 409-2.png Size: 64 KB
  • #775
  • Jul 23, 2020 10:12am Jul 23, 2020 10:12am
Quoting P.Action
{quote} i lost today %5. i am forward 2 days {image}
Don't worry about a loss, they will happen. Also don't worry about how many days you are ahead, take each day by day and take what the market gives you. If the market gives more and you go ahead that's great, if not no problem either.

I stopped focusing on how many days I'm ahead or not, I take each day by day and only focus on the day nothing else. This really helps me to reduce the stress and pressure to perform. Good luck!
Truth is like poetry. And most people f*cking hate poetry.
  • #776
  • Jul 23, 2020 1:59pm Jul 23, 2020 1:59pm
Quoting mrdfx
{quote} Don't worry about a loss, they will happen. Also don't worry about how many days you are ahead, take each day by day and take what the market gives you. If the market gives more and you go ahead that's great, if not no problem either. I stopped focusing on how many days I'm ahead or not, I take each day by day and only focus on the day nothing else. This really helps me to reduce the stress and pressure to perform. Good luck!
Yes you are right.

I calculate those days for trade free days. All day trading for a long time is not suitable for humanity i think. I dont care 409k. It can be 100k 10k even 1k this is my stress free method
  • #777
  • Jul 24, 2020 2:12am Jul 24, 2020 2:12am
Livestream is on:
Inserted Video
  • #778
  • Jul 24, 2020 7:42am Jul 24, 2020 7:42am
Quoting mrdfx
I have been getting some PM's from people asking if I do or offer a copy trading or signal service. No I do not. I do not do any copy trading or have any kind of signals service. This is a personal journal of me keeping track of my trading for this challenge and as I mentioned in the first post you are welcome to follow and join along if you want. Green pips!
Due to the many PM's I've been getting I thought it best to reiterate this as its clear most people are not reading the thread.

https://www.forexfactory.com/showthr...4#post12739944
Truth is like poetry. And most people f*cking hate poetry.
  • #779
  • Jul 24, 2020 9:44am Jul 24, 2020 9:44am
Quoting P.Action
{quote} i lost today %5. i am forward 2 days {image}
today i won %24 i have 5 trade free days.

first week closed %58

i started with 200usd now it is 316usd.

Attached Image (click to enlarge)
Click to Enlarge Name: 409-3.png Size: 70 KB
  • #780
  • Jul 24, 2020 11:01am Jul 24, 2020 11:01am
TGIF!

So something I really need to work on is knowing when to stay out of the market. I typically don't like trading on Fridays as they are too unpredictable for me and most often I can catch myself on the wrong side of the market like what happened to me today.

I didn't need to trade today as I'm already up for the week, but I thought I saw something which wasn't really there and went into DD. Thankfully due to some smart averaging and price pulling back in my favor I managed to close in profit for +5.1% bringing this weeks profit to +96%.

Have a great weekend guys!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-07-24 at 12.54.56.png Size: 204 KB
Truth is like poetry. And most people f*cking hate poetry.
4 traders viewing now