Fx traders challenge - 100 live trades

unfortunately I missed a nice entry yesterday at 10:00am in the direction of the trend (long) so now that the gj has moved over 200 pips since yesterday and it is at a resistance levels we are looking at catching a small retracement based on the rbi divergence and recent candles signals, albeit, in the 30m timeframe only

a bit risky so if you can stay away from it I suggest you do…I on the contrary am ok with risking on this trade

happy trading :slight_smile:



once more our target profit was missed by just 1-2 pips :58:
not happy but as usual moving our stop to b/e once 1:1 reached is proving helpful…given that I was trading “against the trend using the rsi divergence” it pays to be a bit more cautious and move the stop to b/e upon the market moving 1:1 risk:reward

happy trading :slight_smile:



t61 now at b/e

t61 closed at 143.01

It has been:
#Trades: 61
#Wins: 35 %Win Rate: 57%
#Pips Profit: 538

although I am up in pips I am still not happy with my trading, specially my stubbornness to believe that the current GJ trend is about to reverse merely because of the “rsi divergences”…Like I mentioned in one of my posts, RSI Div has “costed me money!” far more often than it has made me profits :58:

It is a “Bad habit” that I have of keep thinking “if I go now with the trend after it has moved for so much, maybe is about to reverse, maybe this is it…bla bla bla”…

I tend to recall the times I traded with the trend (when it has been trending for a while and I managed to miss the ride) and it broke, and lost, rather than remembering all those times I did what I did this week, go against the trend once, twice, three times all for a loss or close enough and yet still keep on doing it…

So my GOAL for MAY is to minimise this, counter-trend-trading-tendency! :58::mad:

Anyway, the last two weeks I have only move up +18 pips! after 11 trades! this is not goooood!

I hope my friends you have done better. I wish you all the best and lets start fresh in May!

Happy trading :slight_smile:
fxpirana

we are going long on the gj at 143.90

happy trading :slight_smile:

T#62 GJ stop is now at 30pips risk or 143.60

gj62 stop now at 143.92

now that our previous trade is at b/e we have our next long gj at 144.36 with stop at 143.92 (same stop as our t62 which is now at +2pips)

happy trading :slight_smile:


t62 hit my target at +85 pips @ 144.75 :slight_smile:

t63 stop is now at 144.19 (risk only 17 pips :slight_smile:

update t63 now at b/e and freerolling :slight_smile:

all trades closed now
happy trading :slight_smile:



we are back on the horse after the gj retraced
long @145.00

t64 -20 pips
t65 long gj @ 144.80

correction trade was entered at 144.78
stop now at b/e
not too confident about this trade so rather make it a b/e and see what happens

t65 stopped out at b/e
t67 long 145.05 :slight_smile:

one of my longest trade ever since the “100 trades challenge” begun holding onto it and riding the trend for about 4.5 days

we are now on the sidelines until such time we can re-enter.
On another note, I was expecting the gj to go towards the significant day resistance at 148.45 which I still it will happen. It is now “retracing” and hope to re-enter at a better price (around 145.40 previous resistance), but if not, we still would do if and when it forms a nice signal that the up trend will continue

happy trading :slight_smile:


short gj 145.79

long nzd/usd @ 6941