Adventure

Trading Discussion Trade Journals
1

Starting with a $25 account, how possible is it to grow this into hundreds…then thousands…and probably hundreds of thousands…

I use 2 strategies to swing trade, and after backtesting and live testing, they have been found to be profitable…will post them here later…

Meanwhile, am short on AudNzd

This entry is based on my strategy called TITZ. Its an interday swing style and has a +90% success rate

Entry…1.2590
Stop Loss…1.2733 (143)
Target Profit…1.2139(451)
R:R…1:3

The first trade is very vital to the growth of this account. A loss will result in over 56% reduction of the account (way too high, but got no choice for now…), while a win will give a possible 180% increase in account.
I wont be risking so much when/if the account grows (just dont have a choice for now). My money management style is simple but unique(will get to that later).

2

Uh… I’m not sure about that trade lol… Good luck though

3

Here is the chart as at time of entry

audnzd titz trade.jpg700×322 31 KB

4

Well, from my experience, i think its best to have a strategy with a set of rules proven by backtesting or live testing where possible than to approach fx with a gambling mindset that requires luck to win… even with that said, nothing is sure in the world of forex trading…

5

Trade has moved 100+ trade has now been moved to BE… no more risk on this…look forward to hitting my TP

6

Here is the next likely trade…waiting for one of my entry candle formation to bring me in

AudNzd trade is still ongoing and well too…

eurauddaily- titz.jpg700×300 23.8 KB

7

Trdae 1 Target hit…

461 pips.

8

TRADE 2 IS ON GOING

Entry…1.2611 and 1.2698
Stop Loss…1.2834 (223) and (136)
Target Profit…1.2218(393) and (480)
R:R…1:1.7 and 1:3.5

here i have 2 entries, hope they go well

Present Balance= $63.74

eurauddaily- titz.jpg700×300 23.8 KB

9

Our special focus for this week is AudNzd
On the weekly timeframe, we see price reaching the lowest point and also the lowest close position for the period.

AudNzd_1 - TheLiberators’s library

A look at this zone on past performance shows us that price is at a major Resistance turned Support zone…

audnzd_2 - TheLiberators’s library

On the daily time frame, we see last closed candle as a pin bar…A pin bar is indicative of a possible crown formation on the lower time frame

AudNzd 3 - TheLiberators’s library

On the 4hr time frame we see that the inner trendline has been broken and price in its typical behavior, retraced after that…We also see a bullish crown formation in process….

audnzd 4 - TheLiberators’s library

What to watch out for:

  1. A bullish crown formation, possibly complete at 1.2066 region
  2. A 321 price formation
  3. A fib pattern formation
  4. Entry will be triggered by candle formation after any or a combination of the above is achieved…

Wish you all a happy pipful week.