FX Trader’s Challenger Results -RECAP
Before I move onto the more interesting videos, here is a quick review of the real time posted 100 trades results. I have quantified my “edge” which I hope in the future to increase resulting in even higher pips profits. I am thinking that perhaps in say 3-6 months time I might start another set of at least 50 real time trades to compare my edge then to the first challenge…
Anyway, feel free to skip this video if you already are a “believer” on “simple is better, less is more”…
My next video and post is on the Active Trade Set Up: EUR/USD and AUD/USD which you might still be able to get in…
WEEK AHEAD Mon 12 June 2017: AUD/USD & EUR/USD
Following on my previous post…
In this video I explain the technical reasons for this still OPEN Trades I took last Friday night during the London Trading session.
I am hoping to find a good “consistent” way to title, and present my videos…so bare with me and I guarantee I will achieve such “consistency” since it is in my nature!
Trades Reviews during Asian Session Jun 13 2017
Following on…
In this video we review the progress of our first 3 trades since we started the video series. This 3 trades are still open.
We are starting the demo with $5K and using the usual 5% risk per trade so we can use this to see the progress with our chosen trades and hopefully this will give me some insight on how much we improve in discipline and consistency for the next months…
ALERT: GJ LONG EXIT & REVERSE SHORT
We have reversed our position on the G/J for a quick short towards what we believe will be the right tip of a Bull Crown. We reversed due to a Type E bear trade
NOTE: We are BULLISH on the GBP/JPY but we are waiting to find a proper entry long. Meanwhile, we are shorting hoping to catch a retracement ride for a few pips…
GBP/JPY Finally Back Long in a "Group C Trade
The Bull Crown I mentioned on my video in this previous post, appeared to have formed and I have now traded it.
I will discuss this Bull Crown in my next video when available
Correction Update of Spreadsheet
I have spread in the premium and holding costs into the trades to adjust the overall results of -$300 we are at currently in our Demo Account last balance being $4,700 with one open trade (G/J)
I will create my video over the weekend.
We are still bullish on the G/J with a challenge to "stick around for at least 800 pips! …if we can …
REAL TIME TRADE: USD/JPY Long Type "F"
In this video I discuss live the opening of this long trade and the technical reasons for it.
I also will question my current “Break Even” rule…
USD/JPY & GBP/JPY Long Trades Closed at +180 pips / Now Short
Now we have exit and reverse both of this trades.
I will make a video analysis on the Short Trades if possible
Long GJ,. Closed UJ
unfortuantely I couldn’t update my video or this forum earlier neither could applied the changes to my demo account only to my live account. So here we will have a “divergence” in results from my demo account t(which I use to publish my trades as it mirrors my live trades) so be it.
anyway, I will leave the demo to be stopped out and show a loss…I am sure I will recoup in the demo though!
happy trading
GJ Short Trade on the making?
Wont have time to make a video prior to this set up but I will do a review and tech analysis on why I felt this worth trading short.
Watch the upcoming video to also see where we will be turning back into bull …as I see an upcoming crown in the making…
happy trading
From Bear to Bull…GBP/JPY Real Time Trade: Ascending Triangle
Hi dear traders, i wish I stuck to my “forecast”…or maybe not.
We had a couple of mixed signals, and a bit of whiplash. We survived it by still being ahead on our live account, but our Demo account took a hit.
To summarise a bit what happened, all to do with the G/J
Sometimes when we stick to our trading method (the trading selection part) we have these situations, specially when the market is in a very tricky juncture…
I am back long, however, taking a risk based purely on my bullish bias of a few videos ago. but I suggest to “wait for the completion of the current ascending triangle” which is considered a bullish continuation pattern. Due to day commitments, I sometimes need to take a “gamble” and go with my intuition, and this is pretty much one of those times.
So happy trading…
ps: I am not turning back into bearish even if the market reverses. As much as I am bullish, I still have in back of my mind the possibility of the gbp to retrace back to about 140.30 area which is the 618 of the most recent upswing and behind the broken Day Down Trend Line, however, that is due by end of week…if so happens in which case this “ascending triangle in the making” never completed…and instead the gbp would’ve travel to form a Bull Crown…on a larger timeframe…
In Summary:
Long Entry if the current Ascending Triangle breaks out: one 4hour or 2hr candle close above 142.33 with the stop at least at 141.60
Long Entry if the current Ascending triangle doesn’t complete, the pound heads towards the 618 (140.30 area) to form a right tip of a new bull crown ----UNLIKELY
Long GJ Class “D” Paid Off +140pips!
Unfortunately my video on this active demo trade comes a bit late.
I traded a beautiful 786 Hammer on the GJ for a nice 140 pips and up 20% so far on this month real account, whilst my Demo account is lagging behind…I haven’t been able to perfectly mirror my trades on the demo, but I rather have this situation than the otherway around!
So, here we explain the trade (I am out of it already on the real account at +140pips) but I missed closing the demo at that time, so we are leaving the demo trade at b/e…
In any case, this video demonstrate a beautiful “D” day winning trade! Watch and enjoy…
PS: We are waiting to re-enter (in our live account) and to add to (in our Demo) since after further analysis I believe there will be a nice entry coming up soon… I hope I can make such entry on a real time video…but like I have mentioned I am busy outside trading which is making it a bit difficult at the moment. Having said that, those of you that have watched and subscribe to my channel already have the tools to pick up these type of trades anyway!!
Real Time Trades: GBP, EUR
we are back on the horse…racing towards a win or a lose? we do not know…in this video I go thru my current two trades which we just entered and also manage our risks…
stay tuned for either a re-entry (in event of getting stopped out) or top ups (as our trades get further confirmation)
In this video we continue adding to our active long and managing our risks and profits…
stay tuned for further entries and upcoming review of the other open trade: EUR
happy trading
…if we can …