At the point that you indicate that you entered the trade the lagging indicator (26 periods prior) was rising and the sep A at the top of the cloud was also rising so I would have been cautious.
@aalim79 in my own opinion, I would have suggested you held the trade and get out at breakeven atleast if your stop loss was 500-1000 pips… and if you had considered the bigger picture of the market you would have known if it’s a safe trade or not, @The_Baller, hope I’m making any sense… I’m still a newbie learning everyday though I have a small live account
On the same principle as the Baller’s trading technique there is some good money to be made on shares, Indices and commodities.
I made some good profits looking at stocks that were solid and doing well before Covid and entered last week. They might be long term holds but with a good diserfication when this is all behind us I should make a good profit.
Your trader might not let you bet on shares, I’m with IG and I can.
For commodities I made profit on Crude oil and Oranje Juice. Exited Oranje Juice in time but I believe there is an other buy opportunity in the next few days.
If you take that route I would advise on paying a premium for Guaranteed Stops on some of them.
With Oanda I can’t afford to trade indices- the minimum contract size is too big for my size account. Are you trading bigger, or do you have a broker that allows fractional trading of indexes?
This is my problem too. Any broker recommendations for fractional orders, anyone?
How small are you guys looking? I can take very small contract sizes on the IG MT4 account.
Can’t share links as new user unfortunately. 
To be fair I have not been using indices that much. A friend of mine is doing really well on them, but for the moment I’m focused on shares and commodities. Still a bit of forex. Nice to learn to trade new sectors.
Been watching this Thread since October, well…amazing…
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@The_Baller Thanks for the info, as a newbie I’m going to give your methodology a whirl.
My head’s been hurting with learning technical analysis and I’ve managed to break-even over the last 3 weeks on a demo account by trading the trend and looking for bounces.
Time to try something simpler I think. 
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Wow, epic thread! Finally managed to read it all, phew.
So, to those of you who have been trailing this; how are you getting on?
I did alright last week (£900 @ 1 lot), but I’m getting hammered this week (-£2.5k @ 1 lot).
NB: The figures above are for reference only. I have only been trading 0.01 lots up until this point.
One trade went against me hard and fast on Monday, and I’m struggling to recover from it.
Close to break even ~3hrs ago due to a freak event, but failed to take profit and now it’s reversed.
Interested to know how my fellow traders are fairing in these crazy markets.
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Thanks for asking sir, we are doing great btw…
For newbies, its always been the markets fault when they acquired a loss.
Its always somebody’s fault and there is always something (other than themselves) to be blamed for their ignorant trading results.
For me, whenever I see reds, I will look at the chart. I give it a smile and I do a slow clap while telling to the screen “you got me!”
Can the market still get me tomorrow? Or the next day? Or the next? And so on?
This is the reality of trading, and a consistently profitable trader must face it everyday over and over and over again.
You only do what the market tells you to do.
The market will never give a damn about what you want.
If you’re telling to the market what it should do and expect the market to do so, then you are totally wrong.
In fact, mother market will reach deep down into these kind of peoples pockets and take whatever they could afford without giving a s*** and not returning a single penny of it.
The market will slap you in the face.
This is trading.
Good luck.
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I’m sorry boss, I just have to say this,
You are a f*****g winner.
You are literally exposing the secrets to trading word by word yet most people still don’t see it.
It took some time for me to digest your methods but at last I’m so grateful I’m there.
Thank you… 
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No problem at all.
Nice to see someone from Leicester!
So including DD, you’re £1k down over the past 27 days - is that correct?
If so, at least I don’t have to give myself such a hard time for getting a little burned.
Are you doing anything differently lately, since the markets went a awry?
What is your plan WRT your DD? Hold forever? Are these trades that should reverse eventually?
Apologies for all the questions. Trying to adapt and learn.
I haven’t looked at it like that, but in the last 2 months I’ve made around £8K and based on my £8K DD right now, some would say I haven’t made anything.
I’m not doing any differently, apart from experimenting with small moves and getting a few pips here and there whilst my main trades are just sat there plodding along.
The thesis of entering trades etc. is all the same.
I’m confident all these open positions will go in my favour soon, rather than eventually. I don’t plan to wait forever. If it turns out there is no chance, I will cut my losses and move on.
I’ve gone in with bigger position sizes (1 lot) for most these open positions so I’m not to worried about the DD, its part and parcel of the risk.
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This has to be one of the funniest replies on BP.com (I meant babypips.com - not BP the petroleum giant)!
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Hi @The_Baller, these are impressive returns considering the current market conditions. I’ve been demo trading this style and I’m learning a whole lot with each trading week. Plan to go live in 6 months or sooner if I feel confident in identifying weekly levels
I just have a question about the AUDUSD trade you placed: is this a counter-trend trade? Seeing as the direction on both monthly and weekly is downwards, I have been patiently waiting to go short at 0.645 and I’m ready to pull the trigger, but I’ve seen you went long on 9th Apr and I’m now really confused.
I will appreciate if you could explain your reason for this trade. Thanks
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@The_Baller Bacially with this your strategy one can double account in 3 months like you did with that small £10k account, I want to ask if there’s a way you can double account in 2 months with this same strategy, is it achievable?? Or can we achieve that through opening of more positions? I’m curious and I awaits your response ASAP please…
One could double, triple or quadruple their account - but that isn’t the purpose of this experiment.
The purpose is to help the simple man make regular income and put bread on the table.
Doubling ones account is simply a byproduct of using any given strategy.
Doubling an account in 2 months, is possible, it just means taking more risk.
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