Long

Updated

Trading challenge: $5000 to $20.000 in 2 months regular trading.

Let's hope my regular job does not prevent me from doing this right.

I will try not to screw up :p

Starting in a few hours when the FX market opens.
Let's gooooo!

Long on my trading account.

Starting account = 5070$.

Note

Short EURJPY 30k.

Hope I don't start losing now that I started this challenge XD

Trade active

Short 30k AUDUSD

Note

Going to take profit soon on the first trade.
Do NOT reverse now! It bounced on 0.382 fib, 0.5 did not hold but maybe it bounces a bit further.
Let us not start this challenge with losses...

Note

Took profit on EURJPY, closed 15k, 58.78$ gainz.

Note

Why is EURJPY pumping hard?

EURUSD fell in the past 3 hours, barely went up the past minutes probably it keeps going down.

Must just be the people taking profit...maybe the low RSI on 5 min...

I will only be worried if it goes beyond 0.5 fib.

Note

Bounced hard on that 0.618 exactly, but as EURUSD is back in the red, should go down...
Possible EURUSD bounces soon thought I think its next fib is in 15 pips, that would mean EURJPY goes up again probably ... We'll see. I am not sure where to set my SL that is the thing, but I think 0.5 + is okay, I give up alot of profit thought. I need to make more research and calculations.

Note

It really often bounces on these fibs exactly.

Note

Set orders on GBPAUD and AUDCAD, a stop loss at small win on AUDUSD, and limit close. Got a SL on what's left of EURJPY.
Now leaving won't be able to touch my trades for 2 hours.
Everything is ready, I am not needed.

Trade closed: stop reached

Got stop lossed on EURJPY at 128.375 (didn't even go that high, but the spread...), and on AUDUSD at 0.76503 (entered @ 0.76544).

Total profit for the day 81.33, account up to 5152.00 now.

A bit disapointed...

Onto the next trade!

Note

Good thing I closed these 2!
The harder they climb, the harder the fall...

Trade active

Short GBPCAD, I spread my orders here, this is scary.
10k for now.

20k

Note

What is this? XD This has to be some kind of record.
I think I set my third order too high :(

Short 30k & more orders waiting. idk if this is wise XD

Fooomooo

Note

40k.
It...it's going to retrace before that 150DMA rr-r-rrr-r-right? hahaha I am not worried haha rr-r-r-rright?

Note

Open 1.73617 1.73720 1.73603 1.73490 10k each avg 1.73608.

Note

Yesterday, if I did not enter AUDUSD too low & just held my AUDUSD short I'd be at a nice profit :'(

I keep getting alerts, New York session started early? isn't it in 2 hours?

Note

They say if you listen closely you can hear a Bitcoiner yell "HAVE YOU SEEN THAT GREEN CANDLE I HAVE TO BUY BEFORE IT IS TOO LATE. TO THE MOOOON. I also love Tron and Ripple".

I WILL HODL MY SHORT. Even if it goes up I will hold, if it goes up it probably gets some bearish div idk. I want to wairt at least 0.382 before closing a portion.

Note

Not going to get stop hunted, I'm only getting out if it TRULY goes up.
I did the calculations, I know how far up it can go and often does before crashing down, and with high odds/winrate wtf do I care, I don't need a RR of 8000.

Last time scams:

And then what happened?

Note

Stop loss hunting explained

tradeciety.com/stop-hunting-in-trading-exists/

#1 The Bull and Bear Trap

Confession time I have taken advantage of what is explained there, they always fall for it and then find some excuse, why shouldn't I? :D

Note

Daaayuuum!
Just saw the price drop almost instant!
Stay down now!

Been a while since I remember seing stuff like this, Bitcoin back in the days and alts too... Alts probably have done this again recently but have not been watching.

Note

Find broker low fees.
Buy on low gtfo 1 pip below, scale out 5 pips bounce to 10.
Leave a bot with $1000 come back in a year enjoy your mansion.
Ye that would probably work XD

Note

VEGETA WHAT DOES THE SCANNER SAY ABOUT THE SCAM LEVEL?
ITS OVER 9000

Note

EURCAD went crazy too.
This is organised crime! By definition...
Well I guess this means I won't be shorting that today...
I can't just set 50 orders in advance in case something goes too fast...
Or... can I?

Note

Can't blame the broker!
I wonder who the liquidity providers are, how this works.

Trade closed: stop reached

Fully expected to break my win spree when I start a challenge.

Down 167$.

Trade active

Short AUDCAD 25k

Note

Maybe a bit risky shorting into bearish divergence...
Well, as long as I get 80% winrate which I should, it can pump non stop from time to time...

AUDCAD maybe I swing trade this one and short term small moves on the way down... Then go long if it actually starts an uptrend.

Note

Meanwhile the trade I did not take because I thought it was risky :D

Ok I have 2 weeks to warm up & look like an idiot, and then I just win win win.
Big win streak, start trading challenge, make small win, lose it all and more next day winstreak over.
This was 100% guarenteed to happen.

Note

I don't have enough stats to know if I can scale between resistances or have to SL.
I probably got scammed. I've been looking at these charts for weeks but I don't know everything. Yet.

It is probably just going to fall now...

Ok AUDCAD, I have 5 reasons to short it:

GBPCAD obviously now is going down :)

Fuck your stupid stop losses, I am going back to scaling when the setup is really good. As long as I know how much I wil lose in the very worse case that never happens.
Or maybe I should have locked in profit on 0.382/set a stop) loss above my entry ot be safe. Just that giant candle...screw everything over.

Like someone read this and thought "noo I have to manipulate the market to fk him over he thinks he is invincible" XD Good luck doing this on every single trade I take.

Note

My bad :D
I listened to the losers "nooo you need stop lossssss you cwazay"
I better risk 5% of my account! Even more!
Than always get scammed and look like an idiot.

Note

I opened AUDCAD thought, higher than it was when I got SL..
So...
BUT only 25k and previous was 40k...

SHould have just gone the regular 30...

Geez my life story, 1 million wins in a row, take a single trade bigger ==> lose.

Note

Ah good I see the 2 orders for which I did not get filled went very much my way.
This feels awesome.
Probably just going to scale like an idiot now again.

Note

Probably missed a big winner.
Didn't see that...

Next time I attempt a challenge it won't be when I am working full time can't see everything and always busy at random times.

Note

Reminder...

If I just traded the major pair as I should have been doing I would be at a big win within 1 hour :D

Fk my luck today hooly crap.

Let's stop trolling I already try to beat 99.99% of traders while having a full time job, no point making it even MOAR hard on myself XD

Note

I am lost idk what to do XD Buy a voodoo doll that brings luck?

Every single trade I did not take today would have been a big win, those I took were trash. Maybe only focus majors + a few as long as I am busy all day...
Maybe I am only human...

Note

Testing the low of the inside candle.

Trade active

Short GBPUSD.
I hate GBP but I'll take the risk.

Note

Bearish divergence at several resistances in a downtrend, gosh if this doesn't give me a big fat winner idk anymore.

Note

Closed 10K on AUDCAD for an awesome profit of 27$

Note

Long 3K AUDCAD, I am waiting for one of the 0.382 fib to long more (I am still short 15k since up there, this will be my hedge - they hedge each other).
If we go up to 0.382 other way I close long and set SL on short @0.5 or 0.618, and hope it goes down I make more, otherwise still all good.
It goes down without a bounce (like it ever does that 95% of the time it does not I checked!), I have more short than long so I make a little bit.
AT least in any case I will have satisfying profits, if I don't get what I want - worse case scenario - I won't pay for that stupid big loser (why did I go 40k???) but there is also GBPUSD...

Note

I don't even know why I considered trading GBP and NZD pairs...
They have spreads over 3...

Who trades that? Some brokers have smaller spreads?

Swing trading = a ton of rollover I suppose...?

EURJPY AUDCAD for example, these are pretty good ones! (outside of majors).
Same spreads as majors and work well.

Note

Alert popped off on GBPJPY, did the right choice this time rofl.
Twice the spread too -.-

Note

Wait on GBPCAD I set my SL @ 0.45% rather than 0.35% wasn't supposed to lose so much -.-

Note

Looking at a few times MA20 provided support/resistance, we got nice clean rejections.
This

This time ... not so much...

I am going to check more examples...
Maybe this is a sign I should use a SL under my selling price...

Order cancelled

Out of GBPUSD I don't know that one well enough I prefer to step out...
Won't touch it until I know more.

Note

I could take only the very best trades but then I'm afraid I only take 2 a week XD
Let's see how this first week goes.

Trade closed: stop reached

I... got stopped... unregulated broker...
Guess I'll need a new one...

15$ profit AUDCAD what was left... wow...

Wtf happened? Did their spread magically increase enormously?
Or closing a long means short gets closed too????
How tf does their idiot system work???
I guess I'll have to figure it out the hard way... Locking in 90% profit next time...

A broker regulated that works as intended with good reviews 2FA and low spreads ... oooh yeah...

Slept 2 hour today today, glad this day is over.

Special mention to my kanker neighbourgs doing heavy machinery, louder than a machine gun I am serious.

Nice challenge. Oh well I'll just cheat & use my secret strategy.

If I set my SL 50 pips awyas will it get hit too...?????????

Note

Others are not really better.

Wtf is the solution? Trade CME futures?

Or just never go overnight with a non-major pair...

Why does this have to be so dumb.

This is why a high winrate is more important than some troll "risk to reward".

Note

I guess a SL should just be a last resort to not owe 25 MM to a broker...
Better close manually when it makes sense.

No one is competitive here, only greedy monkeys cheating their way 24/7 to scrap some money, cannot be as bad as scheming lying crypto bastards they're at the top of the filth, but alot of monkeys are pretty close.

Only CME legit?

Note

All these details are important, to make it perfect...

Note

Had to miss out on a few because I silenced alerts need to sleep wel and then need to go to work.

Don't think I would have traded NZDJPY.

Trade active

Short EURCHF... Almost missed that one because "Flash Adobe that had no problem in 12 months now has one tihihi good timing"

- Will check GBP pairs quick, if they are bad I ignore them, anyway I can only suscribe to 20 pairs the rest I won't be able to trade if I am away from a PC (from my phone). I don't have time to check everything everytime and suscribe to those close to support.

- Perfect example of why it sucks to chase trades like noobs chase shitcoins: I missed on the great trades that were wins I posted 2 or 3 here, but I sure did not miss out on garbage no profit, or even loss.
I am expecti ng EURCHF to work for me, the 3 I missed were the same setup... so if the 1 I trade is the 1 that does not work out... I am just too unlucky...

Note

*30k the usual.
Gj going bigger on bad trades only.

Hmmm I won't try to pick 10 trades a day anymore I cannot XD
Not with full time job rofl.
Too hard for me guess I am only a demi god hue hue hue.

Note

If this one does not go where I want I will become the most emotional trader.
I would be so pissed ...

Note

Having a look at the trades I did not take this week, for next time.
All wins except GBP which bounced too high XD
Very interesting...

Note

Expecting EURCHF to maybe go all the the way to DMA200 while CHFJPY finishes retracing, then once it is done, CHFJPY goes up and EURCHF goes back down.
I double up if EURCHF goes up, I checked hundred of examples ... very high winrate...
Do not troll me now...

Note

Torturing myself by looking at the trades I SHOULD have been taking.

Let's call this "paper trading", for educational purposes.
The trend daily is uncertain or bullish BUT bearish weekly *maybe* turning bull, we are hitting several resistances in particular reactive weekly MA.
A trade to take.

Note

USDCAD alone would have paid for my loss easy...
Let's hope next week offers plenty opportunity and I don't miss them.
Still don't know if GBP and NZD are good enough for me to keep watching :/

Trade active

Short AUDUSD 30k

Note

It...already...retraced...
How did I miss that? Shit alert.
Oh well, gamble time...
I have a project to work on here... screw me...
Just will have to prepare everything to the last detail during the week end...

Note

Plenty of resistances but they are so far away XD
Oh well this is just for fun, whatever.

Note

EURCHF the rising star now a burning comet crashing down.
Wonder what will happen on 0.382.

Note

Is the next fib and all the MA's too far away? Yes.
Will I keep scaling and risk a huge loss again? Yes.
All things considered should I just end myself? Yes.

Note

I sense...bearish div at resistance.
Tell me I sold at the top for once.

Note

40k/30k = 1.33 ==> 167$ ==> 110$
0.45/0.35 = 1.285 ==> 85$

Doing this right my losses should be rare and never more than 85$

Lmao when I succeed even when starting with a handicap that will make me savour my win even more.

If half the planet does not decide to harass me as they love to do.

And then again I will still succeed.

My employer is non stop remind me to go talk to him about my "career", they need a ton of documents I have to spend ages making, and I have to waste a full day for this.
When I say I don't want to do this they get surprised and tell me it is for my own good, it is a servie they are making me, they started saying it was mandatory.

I have no grief with these people, but if they keep insisting with that thing I am going to go there right before quitting with sandals, a fishing rod and bermuda shorts :p

Note

DOn't really know what to expect with AUDUSD, hopefully no big pump, too tired to think, but EURCHF, got some ideas. Bounce on 0.5 next perhaps, here I will take profit, but I want even more, and try to ride it further.

Note

I think there can be considerable gains in Swiss Franc strength compared to the euro.

Checking the euro in 2014:

Note

So AUDUSD testing .236 fib....

Checked some spreads. To me the % matter more than pips, but maybe I am wrong.
I need more stats... Doing quantum trading but with no PC, all in my head.
I am dying....

Pair Pips Percent
AUDUSD 1,8 0,0234%
EURUSD 1,2 0,0101%
GBPUSD 1,5 0,0111%
NZDUSD 1,7 0,0241
USDCAD
USDCHF
USDJPY
EURAUD
EURCAD
EURCHF 2,3 0,0198%
EURGBP
EURJPY 2,1 0,0162%
EURNZD
AUDCAD 2,4 0,0242%
AUDCHF 2,2 0,0291%
AUDJPY
AUDNZD 2,7 0,0248%
CADCHF 2,2 0,0288%
CADJPY 2,5
CHFJPY 2,5 0,0224%
GBPAUD 2,9 0,0165%
GBPCAD 3,1 0,0178%
GBPCHF 3,6 0,027%
GBPJPY 2,6 0,0175%
GBPNZD 3,7 0,0194%
NZDCAD 2,3 0,0252%
NZDCHF 2,5 0,036%
NZDJPY 2,4 0,0309%

Note

I have to check at least 15 examples per pair before I decide which one I keep and which one I eliminate. God what a grind.
Already spent weeks putting data in excels.

I wish I had a slave.

Note

Removing some pairs or I WILL DIE.
GBPNZD
NZDCAD
NZDCHF
NZDJPY
Cya.

Then I got to check other ones, and eliminate those with not so good stats...

Note

Wow. I love to win but wanted to sleep before I really DIE.

Note

Why epic fall now?
Asians...aarrg

Note

Setting a limit close on AUDUSD at 0.76400 for half position.
Leave me alone let me sleep...

Will be 50$ profit.

Note

If GBPAUD spread in % is 0,0165% & AUDUSD 0,0234%, why would I trade AUDUSD while it has less reward in % too??? Pay more to make less???

I will be purely logical here and pick the pairs that are the most productive and cheapest....

Focus on a dozen will be way easier.

Note

EURCHF crash, but not taking profit yet...
I am supposed to take it further.

Trade active

Short 20k EURUSD.
Adding more on that fib, probably it goes there.

Note

Set take profit orders on AUDUSD & EURCHF in case I am away and miss it, at 30 pips each for a profit of 50$ each

Note

EURUSD should go down now?
Before reaching .382 fib?

Note

Short 20k EURGBP

Trade active

Note

That was quick...
Not closing before it goes down more thought....

Note

Closed 15k AUDUSD for a profit of 50$
I'm so tired, don't want to bother trying tofigure what to do next lol.
Idk either I ride my winner as long as we stay above 0.236 or 0.382...
EURCHF getting there. EURUSD down, EURGBP flash crash and now going up.
Let's see...

Note

Looking at a past reject resistance.
Stayed below 0.382 before going way down.
Guess I will be quite successful riding my winner as long as it stays under 0.382.

Note

I think 0.76 is a pretty decent target for AUDUSD.
That would net me an additional 100$ profit (taking spread into account).

Trade closed: target reached

EURGBP close 102$ profit. I went only 20k this time because I am dead. QQ
Making these losers big & these winners small.
Going to keep an eye on it, I wonder how much further it will go.

Note

Good, so AUDUSD still going down, got to make sure it does not reverse,
EURCHF formed a lower high... hopefully it can go to my T1 today...

EURUSD going down?

Order cancelled

* I had an order on EURJPY 2 nights ago I forgot to mention, I forgot to cancel it it filled and then got stopped while I was sleeping, loss of 85$ great.

Note

My only good day so far.
Next week all my days should look like this.
This week end I have to prepare well.

Closed:
Symbol S/B Open Close Amt P/L Gross P/L Com Roll Open Time Close Time
EUR/CHF S 1.16152 1.15840 15 31.2 47.71 0.00 -0.86 6/06/2018 06:06 6/07/2018 12:49
EUR/GBP S 0.88340 0.87959 20 38.1 102.46 0.00 0.00 6/07/2018 07:51 6/07/2018 11:34
AUD/USD S 0.76738 0.76405 15 33.3 49.95 0.00 0.00 6/06/2018 09:54 6/07/2018 09:50
Total 50 102.6 200.12 0.00 -0.86

Still open:
Symbol Amt S/B Open Close Stop Stop Move Limit P/L Gross P/L Com Roll Usd Mr Time
EUR/USD 20 S 1.18180 1.18052 1.17830 12.8 25.60 0.00 0.00 260.00 6/07/2018 03:13
AUD/USD 15 S 0.76738 0.76210 0.76030 52.8 79.20 0.00 0.00 135.00 6/06/2018 09:54
EUR/CHF 15 S 1.16158 1.15776 38.2 58.43 0.00 -0.86 195.00 6/06/2018 06:07
Total 50 103.8 163.23 0.00 -0.86

TO THE MOON!!!

Note

Wanted to short EURAUD but I was outside.

Note

Bullish divergence, so maybe better only watch this one & see what happens.

Note

I'm not sure if best to close on a break of 0.2 or .3 fib, here I closed EURCHF what was left for a profit of 50$, euro spiking too much.
This weekend I'll look into it more.

Note

AUDCAD spread down to 0.4 wtf is going on?

Note

Good.

I have to check cross currency charts to make sure, maybe a bit tommorow and mostly this week end, but I think I will give up on most of them.
I will keep EUR pairs some GBP & maybe AUDCAD.

I am probably going to trade USDSEK USDMXN USDCNH, their spread are large but in % they are not.
USDCNH actually is cheaper than EURUSD... How does that work....
USDMXN cheaper than most majors.
If their charts are good I trade those.

! Better than looking at all the cross currencies & take redundant trades.
They could be good for hedging but I am not interested.

Note

Why do I even bother...
EVERYTHING WORKS THE SAME.
All pairs work the same, Bitcoin works the same & the rest of crypto, if it was not for Bitcoin sometimes dictating what they do, they would work the same.
I wonder if stocks work the same...

Note

I am not 100% sure on EURUSD right now and I don't want to bother, so if it goes higher, I set a stop loss at 23$ profit...

Note

Oh took some positive rollover on EURUSD, does not happen often to me. Only 0.94 but feels good :p

Note

AUDUSD on 50DMA now, waiting to see what it does...
USD to the moon!

Trade closed: stop reached

EURUSD formed a higher low on the hourly and is going up, I closed for a profit of 23$
Am now short EURAUD running into 20DMA among other things but only 5k

AUDUSD slowly bouncing...

Note

DMA50 lost, next stop DMA20?

Note

AUDUSD testing daily MA20 now.
On my 15k left on that trade I am at a 150$ profit if I close right now.
I just want to ride this one forever.
Shall we lose 20DMA significant downside is very possible.
I can very comfortably ride this one for a while.
Lmao rollover is ZERO, I can HODL for 2 months.

Does the bullish divergence matter? I wonder. But I don't really think so.

Similarly, does bearish div matter with my other (baby)trade?

For next week I will add the swedish krone mex pesos & Yuan to the currencies I look at, and remove the pairs with spreads of 0.03% like NZDCHF come on, that remove alot of my "margin" since I usually aim for 0.25%-0.5% something like that.
Anyway any move these would have had is probably going to happen throught USD pairs.

Note

Seeing 2 possible counts.
Looks like we are in ABC of the bigger one.

Note

I should not have closed EURUSD but I was just too tired & have to go work
The herd has nonsense rules where results do not matter, only your diplomas & being on time matter. And being present to the same location as other people in the same company.

Note

Bounced on DMA20 & testing fib level now. So what will it be...
I should have gone lone on DMA20 while holding this short as hedge but I only have 2 arms.

Note

Closed 10k on AUDUSD for a profit of 84$

I could make more & play perfectly if I was 100% focussed on this, it anoys me but it does not matter I have time.

Later, I will not have any distraction and do whatever the I want to do.

Trade closed: target reached

ALmost disapointed EURAUD was not a loss...
Symbol Amt S/B Open Close Gross P/L P/L Com Roll Open Time Close Time
EUR/AUD 5 S 1.55157 1.54839 12.06 31.8 0.00 0.00 6/08/2018 01:01 6/08/2018 08:37

Note

Wow that one went fast.
Got an alert while I was away.

For next week I am simply going to put alerts far away from entry & set my orders in advance no brain & we'll see how that goes.

Note

For next week.

I will scan for tickers that offer trade opportunities & set orders in advance with SL & target. And alerts for those only that can be traded.
When I wake up & regularly during the day I will check what alerts got triggered, what orders filled, and try to babysit the trades.
Mid-week I will check on the no trades see if anything developped.

If possible / if I feel like it I will give a quick look to every pair 1 by 1.

I do not know if I want to trade certain ones with high spreads of 0.025% and more.

Up to 31 FX pairs + Oil & Gold (if it decides to quit that MA finally).

Going to be all chill and let everything take care of itself if I am not around.
We'll see how that goes :)

Note

I want to short gold now...

Note

Week is almost over, I am up 5%, maybe a bit more depending on the position I have left.
Next week I should do better, if I do not fail. Or overtrade...

I think I post a screenshot of all my trades at the end of the 2 months.

Note

The problem with being sleep deprived...
GBPCAD should have been a win.
What is wrong with me?

Note

I am looking at charts now, perfecting it all.
Now I am worried my broker notices my success and copies me, or worse finds my success secrets... qqqqq

Note

If I am too successful... maybe I should throw some random trades while hedged on another broker... to surprise him, so I don't get copied... or....take a huge loss on purpose.
Got to cover my tracks.
I wonder if they try to hunt down successful traders too. Like Bitmex? Liquidating everyone no survivors.

Better be paranoid and alive than "normal" and dead.

Note

I gave up I got the best system in the world but no hands.

And everything died so I had to do research to find new setups.

But hey, I just calculated, if I keep making 5% a week for 10 years (considering I make more in October-May and less June-April but on average 5 a week) and it scales forever, my ROI after 10 years is 104336320364,95025535785243614407

10,000$ to 1,043,363,203,649,502 (1 quatrillion $) challenge started!

Earth first quatrillionaire by ~40.

MrRenev

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

MrRenev

Also on: