rabenoja. . .
I am using FXOpen for my micro acct - and as soon as its over 1000USD I am gonna transfer it to an ECN account that is also with FXOpen.
I am currently using 5K, and once I am +400 pips I will use 10K - I’ve outlined it in my first couple posts how I will be increasing the lot size every 400 pips.
I am trading breakouts of trendlines for counter-trend trades and breakouts of local S/R levels for trend following trades. I was only trading the first 2-4 hours of the Euro-session the last 2 weeks, but this week I will be looking for trades around the clock.
pending EJ sell 120.65, SL 121.25
Was just wondering if you took the position.
hey fc,
i was under the impression you started off with $200 and not 5k? or is that 5k the lot size?
Yes, lot size.
Should be 5 mini lots.
umm, i think 5 minilots wld be if he was trading consistently. i think he has been away for the better part of the week.
it would be good if fc posted account size as well.
I am short nzd/JPY-1st position to our plan. Let’s see how it goes.
Wow, life is pressing hard - wife, kids, new project at work that is very involved - I don’t have much time to trade right now, not my $200 account(currently at 197$ ) nor my main account - so I’ll have no trades to post for a while, but please do, BigPips007 keep it going, and I’ll try to be back posting trades within a month.
ciao and good luck!
MY earlier trade nzd/jpy was very good however i was out of it before the train took speed. It took longer than expected for the trade to workout and I usually don’t like that so i came out of trade with few cents gain. However it later went as i had planned.
I took one trade yesterday that was Eur/Jpy short at 120.98 and i hit my target of 120.42. I was trading with 5k.
Today i have placed one more trade :short gbp/usd at 1.5005 target open for now.
I actually wanted to place the trade after the candle close but bymistake i entered the trade before. But will keep you all posted.
Forexchef… please keep in touch while you are not trading…We will wait for you to come back in the game.
I am a BA(Econs) undergrad streethustler and I’m a FULLTIME forex trader for two years now, and I’d never wish for an officejob? I figure that normally if I got a job now I’d earn Kes. 30k monthly, that would be roughly 350 or 400 USD. If I saved three month’s salary and started a forex account of say $1000, and strive to earn 15%bank per week, then I’d make almost twice my pay, give or take. And if thats not enough, make it six months salary and 10%bank weekly, then start compounding and I’ll slap my boss.
By all your maths, it would seem the above is quite small game, if not soo achievable? Yet so many forex traders hold other day jobs. Talk of bad priorities, or tough life?
so its been over your 3 months… whats the account size?
A million-fo-fillion dollars!!!
HAHA stopped trading when i stopped posting to deal with business, but i will be back trading and posting at the end of summer
hi everyone
im new here
very impressed with forexchefs ambitions.
im very ambitious too and trade for a living.
im aiming to turn a 5k account into a million in one year by compounding.for that i need to work very hard.
happy trading everyone!
zak
Goodluck turning your 5k into one million.
Are you sure you can achieve this?