While you guys run around in this thread playing grab fanny with each other…
$6700 LIVE account, trading the SWA Strategy… And using only small 0.1 Lot positions.
Check your charts… Open times, Closing times…(UTC+10) Commissions, Balances… etc. etc… Even took a loss…
5%+ generated in 48 hours (200 Pips+)… I honestly don’t know how you guys struggle with this.
So what are you saying boss man?? it cant be done?
My Forex journey began in 2014, after a crash n burn in the US stock market, heh-heh. The biggest challenge for me in the FX market was and still is this different “time zone” thing. I live in GMT-7 and I thought there was only “GMT” to deal with. What the &%^$ is UTC? This is the first time I came across this UTC thing. 
. It took me a while to convert UTC+10 to “my” time. I used GBPUSD and AUDUSD examples mentioned and I am pretty sure I did the conversion correctly, since the entry and exit prices for these two pairs agree.
Anyway, in both cases, it seems like they went about -30(?) pips against, before changing the direction and reaching the exit prices. Phew, not for me. Thank you for sharing the results, though.
Hi @froghunter, Yes, UTC… GMT… It does get confusing… I believe they are the same measurement.
I’m in Australia and trading/living in a different Timezone to the New York and London sessions is a P.I.A…
See the charts and analysis below for the GBPUSD and the AUDUSD…
Over on Dennis’s Strength and weakness thread I must have posted a dozen times how to implement this strategy…
Taking in to account the currencies involved, SWA strengths and the confirmation displayed by the Momentum Indicator… They were both slam dunk moves… Using an RR of roughly 1:2.
Some people watch it happen, Some people make it happen… Most wonder what just happened…
Please can you link me up to any WhatsApp group,am new in fx and crypto.i want to trade,thank
Yea! It was unrealistic for me too. Trading is all about patience because the forex market is very volatile so you must have a proper plan in your mind.
Haha🤣 In UK that means something completely different🫣
5% isn’t a good target since money management is the key element here! On the other hand, greed is such a common issue here; so you got my answer actually!
Exactly; Forex is a pure business! It’s not gambling or anything like that!
I just googled it and omg!
This one is for ALL the “bright” people out there who are pouring cold water on the idea of 5% per day being possible. Because they cant do it then it must be impossible. Arrogant set. Kindly have a look at the numbers at the bottom of the screenshot and do the calculations because as I have stated before my math is not so hot but I suspect that the results show more than 100% for the month and more than 5% per day for the 23 trading days of August. I wonder what twist they will try to put on this now?
290 trades and only one single loss. Dont play with me. I would put up the metrics but that would be overkill.
And for all the proponents of journaling trades how and where would I find the time to write down much less review all those trades?
@THE_GOATE, welcome to the harsh and sometimes delusional reality that is the Babypips forums… Firstly, just ignore what those pouring cold water are saying, you have put far too much text into these forums arguing with them…
Concentrate on what YOU are doing, make YOUR strategy work!
All the trades you took from the 31-8-2022 and above were what you want. No SWAP, small lot sizes ensuring minimal risk. But a large percentage were a little too short (small Pips) for the amount of margin they would have tied up. 0.03 lots for the USDJPY on a regulated account is roughly $150 per position.
You want to be aiming for 1% of the margin or ~$1.50 TP (a bare minimum of 5 pips)
5% per day… It can be done, but to ease the pressure on yourself. Try and obtain 5% each time you sit down to trade these markets. Maybe 2 or 3 days a week. 5% everyday is hard work… I know… I did it for six or seven weeks and posted it live on a running thread.
I’m not telling you what you have to do… Just making some simple observations.
First of all let me say that I dont believe there is any such thing as constructive or destructive criticism. As far as I am concerned a criticism is either valid or invalid and based on that I take action or not. That being said I appreciate all you have said here and I most certainly will reexamine some things. Some trades where the returns seem small that is because there are times where all I was doing was rounding up to the nearest dollar and needed a nineteen cents for example. Also small pips are a part of the strategy. I have a good idea where price is likely to be in the next 5 minutes but for the next hour I am far less sure.
And yes I am guilty of spending too much time texting on here but I truly am trying to help some of the new people to use their brains and not blindly follow the establishment.
I could be wrong but I think my 0.03 lot size ties up only $15.00.
