Thanks Alpha!
I have noted down this adaptation of yours and will effect it immediately I go live.
Imagine you had not gone back to Demo, all of those Loosely entered trades would have been on your live account. I think it’s called “Revenge Trading” and a good way to avoid that is going back to Demo.
I think I will open another Demo Account and treat the first as live just to implement this.
Once again Thank you!!!
Yup, imagine that. I wonder how much i would have lost. Trading demo does reduce the stress significantly. It takes time to heal psychological trauma. While trading demo, my rationality slowly recovered. It also gave me time to review my strategy and further improve on it.
While i was doing demo this time round, due to rrram2 influence, i attempted my way of contrarian trading and it went well. The result look so nice. My mind become even more cool and rational.
Anyway, my curfew is over. I managed obtain a positive result for my demo account. Thus, i’m back to live trading again. At present, i’m managing 2 account, one is my contest live account, and the other one is my original live account.
I think USDZAR is bearish so i’m shorting it.
Upon entry i managed close one of my shorts for around 200pips. price quickly retraced, i shorted again aiming for another 200pips on USDZAR.
Just downgraded my USDZAR stoploss to 14.25100
I managed to hit target for one of my USDZAR shorts. Price retraced and i shorted again aiming for about 150pips.
0103 HR SGT
Just downgraded my NZDCHF stoploss to 0.65899
0119 HR SGT
Just shorted a GBPJPY position. Based on the chart below, i believe GBPJPY is bearish.
Do you have selected pairs you look at, analyse and trade? Or do you just look at multiple pairs and trade any opportunity seen?
I need to know you share the pair signal on start of london open time or new york open time ?
My pair selection is based on Dennis’s idea of SW pairing chart. I look for a currency that move up or down in rank and pair it with currency that move up or down in rank in the opposing direction. After i have selected the currency pair that i want to trade, i use technical analysis to interpret if that particular pair is doing a pullback or trend continuation. After which, i will decide if i want to counter trend or follow trend. Normally, if i interpret prices as doing a pullback, i will counter trend trade, and if price is in a trend continuation phase after a breakout. I will use a trend following system to time my entry.
However, instead of using JPY as the common denominator, i use USD as the common denominator and rank them accordingly. The reason why i use USD instead of JPY is so that i can easily add 4 other currency into my SW chart.
Namely, TRY, MXN, ZAR, SGD .
Below is a screenshot of my SW chart.
There are various ways to interpret the chart. At present, i’m still in the mist of optimizing my way of interpreting the SW chart. I’m still experimenting as per se. The hard part is not the chart construct, it is the accurate interpretation of whether a currency is going up or down. Sometimes, the ranking of SW chart and technical analysis simply doesn’t tally. Which explain why i counter trend till my account got busted. It seems to still best to just follow the trend. We can only make our best attempt to interpret the market, when market trend gets choppy, every interpretation just get baffling.
If you follow my thread, you will realize that i’m a pretty hardcore trader. i’m basically trading every market session 24/7. In Singapore, my evening time is around New york and London overlapped session. I usually do my pair selection around that session. Most of my signal is after the closing of London session. I have a day job, thus i can only do my technical analysis during the evening timing.
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Here’s is an update on my progress,
Previously, i busted my $500 account. I reloaded a $2000 on the 25th Sept 2018. My equity grow from a starting balance of $2065 to $2525 on the 10 Oct 2018. After that i was stuck with demo trading for a while. On the 17th Oct 2018, i transferred $500 to my Dukascopy’s Live FX trader contest account. I sustained a huge -$233 losses from my USDZAR trade on the 17th Oct 2018. Needless to say, my contest account also went into the red on the same day. For my contest account, the day end balance was $430. Today, i managed to re-gained my losses from GBPJPY short trade.
Current live account balance : $2231
Current contest account balance : $510
Net profit from my starting balance of $2065 to date were,
(2231+510) - 2065 = $676
(676/2065) x 100% = 32.7%
(my current equity gain since 25th Sept 2018 till 18 Oct 2018)
Today was an quite emotionally turbulent day for me. Yesterday, i lost a huge chunk of my money due to USDZAR trade. Based on my previous self-imposed trading tilt breaker rule , i was supposed to trade demo if i were to lose One trade. But, i was in a contest and i don’t want to lose. My mind was torn apart as to whether i should continue trading or not. Eventually, i gave in to the Devil and continue to trade both of my live account and contest live account. The excuse i gave myself was technically the GBPJPY short seems too good to give it a pass. GBPJPY did crash today, and i’m glad i didn’t stop trading today.
On hindsight, i just realized it was damn troublesome to keep login in and out to enter trades on both account. I need to seriously give some thought over this matter.
It was fortunate that my SW chart didn’t fail me today. Very Lucky… I’m glad Lady Luck is on my side today. I sincerely thank the Great Heavenly forces up there giving me the chance to recoup my losses from the USDZAR trade. 
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My personal live account portfolio statement is above
My contest account portfolio statement is below
Below is a sceenshot of my current ranking in Dukascopy’s Live FX trader contest.
19 OCT 2018
0217HR SGT
0225HR SGT
Just upgraded my stop loss to 1.75810. Reason is due to my prior experience with NZD pairs, which i often encounter widening of spread issues during Sydney market opening hours. I added 20pips buffer to my stop loss.
0727HR SGT
Due to an increase in daily volatility. I upgraded my stoploss price level to 1.76110 ( Wednesday Daily HIGH )
1054HR SGT
Every trade is going according to plan. Lady luck is once again on my side. 
Below is a screenshot of my personal live account portfolio statement.
Below is a screenshot of my live fx trader contest account portfolio statement.
Below is a screenshot of my current ranking for the contest.
The prize money for 4th and 3rd placing is only $10 difference. I’m not going to make any more trades today. Hopefully, no other contestant can overtake my Pnl% .
It is a LIVE account trading contest. i doubt anyone will be crazy enough to take high risk approach for just a mere $300 top spot position.
Furthermore, the contest ends tonight.
" A new Contest takes place every week and lasts only one week, starting market opening on Sunday 21:00/22:00 GMT until Friday 21:00/22:00 GMT (summer/winter time). "
CD1V1 and Dukfxx continues to fight for top spot and they crashed!
Please continue to stay down!
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2200HR SGT
Chill time. Now that i don’t have to trade. i wonder what i should do. Everyone have gone to sleep in my family. Now i set up my laptop with some coffee and biscuits. It is so quiet, i rarely have moments like this. It felt so good. Some peace amd tranquility. Hopefully, it can last this way till morning. Nevertheless, i’m still on standby for the hospital, upon activation, i will have to rush back for work.
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Damn! i’m back to 4th position. I’m not going to trade. These guys can go fight all they want. There is no point in fighting till the last moment. I still think it is best to quit while ahead. 7 hours and the contest ends. Profitability is never guaranteed in the short run. We need still Luck to emerge the winner end of the day. The way i see it. Obtaining 20% gain on a LIVE account in one week is extremely hard to achieve. Gaining more than that will require the trader to risk even more. We are talking about live account here. This ain’t no demo. What are these guys thinking? I thought i have control issues. I guess it is not only me. Lucky for fx211pips, he has already chill out. His chart line is all flat… 
If only my USDZAR trade had turn out well 2 days ago. i might have overtaken him.
can you tell me how can I follow your signals as I am from pakistan and singapore is 3 hours ahead from our timings is there not any possibility that you send me your signals too via pm or some other medium ?
Hi manzour,
Forex trading is not as simple as you think. If you are not a trader, even by following a profitable trader’s signal does not guarantee you profitability. There are many aspect to profitability. Money management would be one major aspect to being profitable in forex. I’m a discretionary trader, i may change my opinion of a trade in a moment’s notice and i may not be able to signal anybody in time. I believe following another’s signal can be more harmful than following one’s own trading plan, because only you will know what you are really doing. Nobody will understand your strategy better than your own self.
My trade journal in babypips is for the sole purpose of doing self reflection for myself. Please do not follow my signal blindly. Sometimes, i don’t even have time to update the journal due to my busy schedule, and when i do update my edited stoploss, it may already be too late for anyone to follow.
Nevertheless, i usually will have an opinion of a particular pair at around the closing hours of London session. My opinon will last till the next US session opening hours. You may take reference from my trade at your own risk. I not charging anyone for a fee or anything. Please use your own discretion, when following my trades, and follow it at your own risk. I don’t want to be responsible for your losses.
As i’m typing away, i just Long a USDCAD trade for my contest account, despite all the big talk about not trading anymore. My itchy finger simply can’t stand staying on the sidelines. It is handling a drawdown at the moment. Now i can only pray. 
" May the forces be with me! "
I am really thankful to you for your kind and most importantly honest reply and I already know forex is not the easy game and also following the some one else signals is also not going to be a winning game but still based upon your result I want to hear your opinions on your trades that what you are planning to buy or sell today in UK session or in USA session and I will just take your consideration by accepting the outcome with a hope you can understand me.
As I am lacking in technica analysis and I will be really helpful to you if you can guide me on that which I know is also not going to a easy task or can be learned in 24 hours or so
For example, right now i’m scalping on my contest account using tick chart and 4hourly pivot levels. Price is bouncing off USDCAD’s bunch of MAs, i’m expecting price to reach 1.31301 (4hourly R1 level), my stoploss will be at 4hourly pivot level.
Another reason why i choose to continue trading is because the Dukascopy contestant simply are outrageous, they are still trading even now, and gaining Pnl of like 40%. I don’t want to get a placing that is too low. It just hurts my pride too much. I’m aiming for 20% gain on my Pnl % and i’m really going to call it quits. There really are many aggressive consistently profitable trader out there. Like Komias, fx211pips, forexbugiy. I often see these guys/girls in the top 20 in the trading contest. It is not a myth that there are profitable traders, consistently profitable traders are real. Just follow Mannx , Tradeviper and Dennis’s thread. Sometime they will input their opinion on certain trades and they are definitely accurate most times. I will take reference and may choose to follow their direction. Many of them just choose to lay low profile. Why? Because they are already successful, they don’t have to prove anything to anybody. Previously, there was also Adnan who post his trades in the open, and now we a true contrarian rrram² who is also a profitable trader. Profitable traders are real.
For me, i’m still an evolving profitable trader with some personality issues that need to be sorted out.
Can you tell me your MA’s settings and I am seeing one bold blue MA which i think is of 100MA or 200 days MA if you can provide the MA settings I will also be seeing that too in my charts too just like the professional and clean look you have.
Second thing I am seeing that you are displaying the Pivot points , Daily R1,2,3 and Daily S1,2,3 on left side of your screen but can you tell me what is on right side of your chart screen as its seems to me the same PP,R1,2,3 and S1,2,3 ?
blue line is ema144 or 200 ,
i just happen to like the number 144, use you favorite number maybe say 123?
Don’t copy mine and jinx it.
Bunch of MAs is just ema 10, 20, 30, 40, 50
Pivot is 4 hourly pivot indicator. Every 4 hours there is a time marker.
Sometimes, i will change system when this system cause me to take a lost. I will deem this chart as cursed. I will change another set of trend following system.
Okay, my quick scalp trade on USDCAD was a success! i hit target. I’m really calling it quits this time. Now i wait for durians to drop. Below is a screen shot of my contest account equity.
Here’s some example of systems that i have collected over the span of 6 years.
Most of it was free, and i found it using google. Some i have to pay for it.
Then there was this one system, which i paid $1000AUD for it! The most expensive system that i have purchased online to date.
Don’t ask me for it. These are system that i painstakingly collected over a span of 6 long years. I have tons of other system, but having them doesn’t make one profitable. I’m beginning to think it is plain money management and PURE LUCK that will determine if you are profitable or not. The internet is littered with a bazillion of system. I would say most trading system WORKS. If you fail to be profitable, only means you don’t know how to use it. Learning how to use a system definitely take MONTHS to digest. I have no issue learning most system. But i have a huge problem overcoming my own psychological flaws.
My current position is 5th. Now i can only hope those above me to encounter a reversal of fortune. 
I’m bad man when it comes to contest.
You are in contest can you tell me on which link I can see this contest also ?
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Here is an update on my progress,
Current live account balance : $2360
Current contest account balance : $594
Net profit from my starting balance of $2065 to date were,
(2360+594) - 2065 = $889
(889/2065) x 100% = 43%
(my current equity gain since 25th Sept 2018 till 20 Oct 2018)
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20 OCT 2018
0609HR SGT
The verdict is out! I’m 5th position. $80 prize money!! 
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What can you see?
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Its a bird in the ice skating rink!!
Back to normal . . .
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Monday : no high impact news
Tuesday : US brain washing speech
Wednesday : France and Germany manufacturing PMI data release
Both France and Germany show a very obvious and clear bearish trend
Market participant will think Euros weak from Monday till Wednesday
When actual data release, nobody knows what will happen after news release.
Priced in, sell the rumour buy the news? Maybe?
Donchian Channel shows a clear bearish EURJPY trajectory. On Friday, price experienced heavy retracement. In-lieu with forthcoming Wednesday’s France and Germany Manufacturing PMI, EURJPY should continue to be bearish?
I don’t see how anybody would dare to buy into EURJPY in the coming Monday till Wednesday. Except maybe the True Contrarian rrram² .
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♂
Cable to crash?
British PM to be deposed, that’s some nasty usage of words. Both Technical analysis and Sentiment analysis paints a very bearish picture for the pound. Together, a perfect storm is just over the horizon for UK.
According to Dennis’s Ranking, NZD slides down and CAD slides up. From the MT4 Chart above, it is my subjective opinion that a reversal of trend has occurred. I’m going to bet that NZDCAD should continue to slide until end of week. For technical reasons, i’m shorting NZDCAD.
I have been every busy with my day job work, handling a personal live and contest live account, accompanying wife out for some shopping during the evening time, coaching my youngest biological brother about forex trading. I’m seriously overwhelmed, i feel like i have neglected my children. I will make it up to them over this weekend. There seem to be some sort of Halloween party in the Town area this Sat, i may bring them there to have some fun.
An update on my Contest Live account. Managed to rank 2nd at the moment. I don’t think i will be able to overtake the 1st position player. Thus, I’m chilling out soon. Today, will be my last day of trading for the week. Most likely, i will trade conservatively today. A point about contest trading, it does invoke some competitive drive out of me. I feel that i’m taking on too much risk with the contest account. Early today, i was all short on the GBPJPY. Unfortunately, due to my caution, i decided to trail my winnings down and was stop out early on. Still managed to gain some pips though. Such a pity, GBPJPY crash like more than a 200 pips for the past 2 days. Only managed to gain around slightly less than 100pips.
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Here is an update on my progress,
Current live account balance : $3196
Current contest account balance : $966
Net profit from my starting balance of $2065 to date were,
(3196+966) - 2065 = $2097
(2097/2065) x 100% = 101%
(my current equity gain since 25th Sept 2018 till 25 Oct 2018)
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25 OCT 2018
0620HR SGT
Here’s a screenshot of my current positions, follow it at your own risk, don’t blame me if i got it wrong.
Happy trading everyone,
Many Green pips ahead.
May the force be with us!
Hey A, whats up. Please look at a Weekly and a Daily on NZDCAD, before you place any shorts.
The Ever Aware VIPER
Hey Alpha!
Is everything Okay? It’s been 19 days since you last posted.
Blown his account?
