i havent seen an account balance in the last 3 pages pipraid, where are you at now?
Just posted the current balance jt.
Buy nzd/jpy 68.65
stop ->68.25
limit ->69.80
No ofense but Not again please.
Not again?
This sort of threads, i mean, is not my problem but that is not a mature objective. If you wanna kow my objectives:
Switch to an STP status: almost done
If thing goes well as i did in MM I switch from STP to ECN
IF thing goes well i quit my job and start livin from fx.
Ah! I see.
Sell nj 68.81
stop - > 69.20
limit - > 67.50
sell aj 88.36
stop - > 88.70
limit - > 86.70
It is possible to reach your goal. You need only to win about 5 percent of your account daily.
You could target for a max win daily and after that go to rest. I mean, win let say 40 pips and after that you can consider that day finished, because that 40 pips could be the 5 percent you need. Repeat that consistently and
You Will be reaching your target in 60 trading days.
Hi medisoft,
I will explore that and trade a single pair. I was aiming for 80-100pips per trade since I risk just about 40-50pips per trade. But I end up giving back a lot of my profit waiting for the market to swing there in a single trade. Thanks again for your tips and help.
I think though I need to winning about 14% per day to meet my goal.
PipRaid
What is your RRR (risk/reward ratio)? if you have one. Risking more than 2% is painful enough, with 5% you only have 20 trades, what does guarantee you won’t have 20 loses in a row, it happens, it happens to me all the time. What you are proposing is reckless and cleary you are obsesed with money and cannot be wrong. IN forex you must accept being wrong all the time.
Good luck with that one, i was young once and i was invincible until market showed me the contrair, be humble with market or market will humble you.
Mr. Gone,
I believe you are trying to SAY something not necessarily to contribute or to converse. The post just before this post of yours clearly states my risk reward. This account is an experimental account. My own FREE CHOICE to run an experiment. Please, BE GONE with your assumptions, as from your post I can see the market is not yet done humbling you.
Just saying, your goal must be anything but the money itself. Just trying to help.
A quick question for you Mr. Gone…What is the goal of the FOREX trader? Is it not to profit consistently, while assuming, managing and minimizing risks?