Yep I used to trade the system earlier and recently stopped due to the PSAR’s tendency to flip up on me at the last moment.
PSAR’s…what are you talking about? I’ve seen no mention of using SARs.
Pending orders on GU:
SELL 1.5403
BUY 1.5463
SL’s tentative - will be decided when position is taken depending on where H/L’s are. . .
haha sorry i confused this with the icycloud system which I used to trade. I’ll take a look at this one thanks.
Sold @ 1.5403, sl @ 1.5441
Was just stopped out at +1 pip, so not much for today, or this week for that matter, but, it was a pretty dull week for the open of the euro and london sessions - compared the nice 160+ pip runs that it can have on days when GU is trending.
Hopefully it’ll see some of that next week now that its out of that corrective channel
So week 1 = 0-9+25+19+1 = 36 pips
Forexchef, would it be fair to say you are finding this a lot harder than you initially envisaged?
What’s your balance to date?
Just throw in a “trend” line or 2
By my calculations (based on risking one fifth of your equity which is what I think you said? and a 1:1 return) you would need to be winning 64% of your trades.
What is your balance?
MattW2009,
My balance is $217.
No, it’s not turning out more difficult than I expected - it’s only been one week and I’ve only traded one pair - and I KNOW forex is difficult.
Also, my stop-losses are generally anywhere from 16-50 pips, and at 5k ($0.50/pip), that’s 8-25$ per trade, which is 2-12% of a $200 account.
And I don’t really have set R to R - varies trade to trade.
That’s it for this week - next week I will probably start trading another pair with GU, maybe EU or EJ.
ok, nice weekend
huh? Are you using two usernames or something?!
sorry. . .
my mistake - I was at a friend’s place viewing my thread and I pressed reply to post - not even thinking that he’d be logged in or to log myself in
:o
Hey just had a quick look through your thread. Very ambitious…!
My best return is 1k to 35k in 3 months (still going strong). I have attached the statement, i traded quite aggressively and sometimes risked quite a lot, but i have great confidence in my system and myself. I hope you get to your target!
wow, that’s impressive
i noticed that alot of trades were for 10-30 pips, and then there were some big losers in between - that woulda been hard to deal with for most people-but good job persevering!
might i ask - what type of strategy(s) do you use?
you can find it here - 301 Moved Permanently
yes it was harder than i can tell you to hold on to some of those trades, but some of the losses came back to be great winners. Please don’t think im trying to hi-jack your thread with my system. I saw your title and thought i would have a look. Just wanted to show sometimes what seems impossible can come to you quite easily. I would have been happy with 100% return in 3 months but 3000% even suprised me!
keep up the good work!
No worries Koala!
I appreciate all the input that this thread gets.
Congrats to you Koala - it looks like you’ve got what it takes to be a winner.
Best Regards,
Matt Jones .
All is possible, I reached 35 000 $ in 3 weeks of trading last MArch, after waiting months for a particular set-up. At the end, I lost considerable concentration so I decided I would stop at 20 000 $ if I lose so much out of ridiculous mistakes from being too tired. So I hit the 20000 $ and withdrew all to pay all my student and credit card debts, which were a total of exactly that, 20000$.
Ive been backtesting and practicing since then, waiting for the right moment and state of mind to get back in.
That was all done with a 1000$ deposit though.
Not only do I like to start off with my most profitable and probable strategy, I wait for it to have gone through its average drawdown period.
Timing and patience is my… girlfriend !