i didnt place my trades after 5 last night,
so i have no losses and no gains.
so i sat my alarm again.
thats why i love my system i only set it up and i know that no matter what
s going on the market i can relax for some time and can enjoy the babypips.com forum and i can work on my improvement.i just realize how many ways are there i can use my system and i�m going to test them with several demos and i will post my results here.currently i use 250$, 5.000$ and 50.000$ accounts but i think of to try 100$ one with minilot size just for fun and learn from any failures because for example with 50.000$ account i can�t test my system properly there is too much of equity to use but i realy like the 250$ one because i had to use different systems to gain some profits.
yes!! another gains today and finaly some movement on the market
after 3 positions closed
+11.63$
+11.66$
+28.32$
total gain today +51.61$ (61pips) 20.64% ROI
total balance +274.61$
nett profit +24.61$ (29 pips) 9.84% ROI
i hope i can do better!
New balance : 2102.04$
Today�s Approximate gain : 3.29
Today�s pips averaged : 36.5
Over all pips : 831.6
ROI : 5.1%
i miss calculated my ROI last post. but its fixed now
wow hobbit thats great!
ya know as traders with live accounts im watching you to know where ill be.
keep it pippin
In support of targetting your own growth of skill, i started off making loss after loss as a total beginner. I trade AUD/JPY.
In frustration i traded on a MACD zero line crossover, the most reliable trade i could think of. Yep, I advanced …and made a profit.
How much…1 pip.
I guess thats an improvement.
Now to progress further.
Regards, Tymen Wortel, very newbie, Perth, Western Australia.
…and made a profit.
…1 pip.
How do you eat an elephant? One bite at a time.
How do you become successful at the forex market? One pip at a time.
As my son would say, “Keep pip’n”
As my daughter would say “OMG” :eek:
Take it easy on the boy, he closed the wrong trades and accepted a large loss.
Just over $200. He didn’t verify the trades he was closing was the ones he wanted to close.
He will post after he gets over losing real money. (a couple of hours)
I gave him a big hug.
i only lost 127.36$, i told my dad that it was 200 but i guess so yea.
New balance : 1984.79$
Today’s Approximate gain : -127.36
Today’s pips averaged : - BIG
Over all pips : -583.5
ROI : -%
I bet it wont take you long for you to get that back. Just learn from your mistakes. Best now at $120 than if you had a bigger account w/ more money at risk, say $1,200.
My last effort was 1 pip profit.
Before that all losses - 1st week ever trading.
I opened a new trade and it meandered between my entry and stop loss for ~ 4 hours. I was getting frustrated and it was bedtime.
So i set up and OCO stop loss and limit. Limit was 30 pips profit which i thought was far too much given that AUD/JPY was going nowhere.
Bed…zzzzzzzzzzzzzzzzzzzzzzzz…zzzzzzzzzzzzzzzzzzzzzz:D
Next morning look - Yay!!!
Collected 30 pips and some interest from the rollover!
So i guess that is an improvement - 1 pip to 30 pips.
Yes i know! - better to let your profits run, but what can you do when you need to sleeeeeeeeeeeeeeeeeeeeeeeep.
Regards, Tymen Wortel, Perth, Western Australia.
my dad told me how to recover my my loss / mistake. so heres todays results
New balance : 2436.87$
Today�s Approximate gain : 452.08
Today�s pips averaged : 5023.1
Over all pips : 4439.6
ROI : 21.8%
I knew that would work, usually takes a couple of days.
I’m pleased you did as I asked.
Good work!
That sure is alot of pips for one day
I checked the account. It is as he has said.
That’s how it works. That is the beauty of this system.
Multiple lots, multiple pairs as I have always said. If one trade goes bad you have many more that could potentially go in your favor.
Most people look for 20 to 50 pips that pay $10 a pip. This system gets many pips that pay $.10.
It has been said before that the Son does as he sees the Father do. With this in mind, How can he go wrong.
Isn’t it great how that Book is so versatile.
May your trades be blessed.
i know how you feel man! my dad calls the fx market a nonending money supply. when me and my sister seen the market for the first time we didnt beleave in it. it dosent feel like real money to me its just a number in a computer right now. my dad says thats my money i made is mine and the broker has to give it to me if i want it! it dose seem like a lot of pips and i know its hard to beleave but its there!
New balance : 2426.97$
Today�s Approximate gain :
Today�s pips averaged : 0
Over all pips : 4439.6
ROI : 21.3%
the market didnt move much,
the little positives i had the premums where bigger
I know that the pips/true pips thing is confusing for most people. His calculations are a little off (very little). He did get a lot of pips. I have done as good as I can to calculate true pips and it is not working because of the trade style.
If you want to know how far the price moved, he was in four pairs and the pair that paid back his loss moved 83 pips. Not all the trades were positive. Just more than one.
We do not trade the way most people trade.
[B][I]“If you want to be rich, do what the rich do”[/I][/B]
~ Robert Toru Kiyosaki
your tallented at making sense in a confusing way