l i t t l e d e v i l's $50 to $13,000 Forex Challenge

[mannyrs13]

How’s the trading been going this week brehs?

Volatile . First the dollar was good, then it was bad, then good, yesterday it was bad. I'll make money for a certain period of time, then go right back down. Trump says something and everyone panics for some odd reason and the charts reverse course cuz everyone seems to rely on him for things. I seem to make money during the day and then lose it at night when I leave trades on at night when London opens. Like last night I assumed gbp was gonna keep going up but something happened and the damn brits devalued their currency and thus was before the whole Johnson news. Sometimes I'll see all my trades in red and then give it some time and they turn green, but there are times when they close out red. I'm using 100 pips trailing, which I don't know if that's what I should be, but it's averaging to like $20 gamble depending on pip value. Gbpusd seems to be the highest and sometimes I'll increase it more than the 1k lot minimum especially when trying to recover but I gotta stop doing that cuz I'll lose more like that. I also need to minimize my trades since I have four running right now, all negative so I can't close out yet. Still have money to trade and luckily my IRA been going up, but I'm not trying to lose all of this. Hopefully I can get back up again.

 

[The Don]

Volatile . First the dollar was good, then it was bad, then good, yesterday it was bad. I'll make money for a certain period of time, then go right back down. Trump says something and everyone panics for some odd reason and the charts reverse course cuz everyone seems to rely on him for things. I seem to make money during the day and then lose it at night when I leave trades on at night when London opens. Like last night I assumed gbp was gonna keep going up but something happened and the damn brits devalued their currency and thus was before the whole Johnson news. Sometimes I'll see all my trades in red and then give it some time and they turn green, but there are times when they close out red. I'm using 100 pips trailing, which I don't know if that's what I should be, but it's averaging to like $20 gamble depending on pip value. Gbpusd seems to be the highest and sometimes I'll increase it more than the 1k lot minimum especially when trying to recover but I gotta stop doing that cuz I'll lose more like that. I also need to minimize my trades since I have four running right now, all negative so I can't close out yet. Still have money to trade and luckily my IRA been going up, but I'm not trying to lose all of this. Hopefully I can get back up again.

Yeah I really haven’t been trading the dollar this week outside of EURUSD. It’s been volatile as hell. I’ve really been dealing with euro pairs cuz the euro has been strong this week.

 

[The Don]

Brehs....what broker are you using . I’ve been using tradersway but trying to see if there’s one out there with lower fees and that can pay out faster.

 

[mannyrs13]

Brehs....what broker are you using . I’ve been using tradersway but trying to see if there’s one out there with lower fees and that can pay out faster.

I use Forex.com, don't know much about fees and whatnot tho. It looks different from what everyone else is using. Seems like everyone using metatrader or some shyt cuz my app looks nothing like the screenshots I see people posting online.

 

[GarryWithTwoRs]

Brehs....what broker are you using . I’ve been using tradersway but trying to see if there’s one out there with lower fees and that can pay out faster.

I JUST started paper trading yesterday. I'm fukkin with oanda rn. Charting in mt4. I tried chartin in tradingview and even though it's pretty and shyt it costs to get full capabilities. mt4 is widely supported and everything that's worth your time is available for free accordin to a few experienced traders like nononsense. Rn I'm runnin virtualbox on a mac but I wanna get a minimum spec windows device so I can work with that. Just not sure what I can find for the low. Seen some refurbed thinkpads on Amazon for 180 but sounds too good to be true

 

[jilla82]

mannn....just announced we stuck in the house till end of May

Started to read up on Forex out of boredom.

Already down today...
...im going extra aggressive to attempt to grow a small account to something substantial.

A little nervous because markets overall are choppy.

Bankroll will be about $10K with 1% risk per trade.

If I find a setup tomorrow ill post it.

 

[GarryWithTwoRs]

mannn....just announced we stuck in the house till end of May

Started to read up on Forex out of boredom.

Already down today...
...im going extra aggressive to attempt to grow a small account to something substantial.

A little nervous because markets overall are choppy.

Bankroll will be about $10K with 1% risk per trade.

If I find a setup tomorrow ill post it.

How long you been studyin? I started beginning of March. Just started tradin with real money this week. Doin a lil damage but I'm barely up 1%. Took two big shyts today but one of em was my mistake and not the system.

 

[MrFantastic]

Subs

 

[jilla82]

How long you been studyin? I started beginning of March. Just started tradin with real money this week. Doin a lil damage but I'm barely up 1%. Took two big shyts today but one of em was my mistake and not the system.

Around the time lockdown started.

I sell online as my "job"...so I have all the time in the world w/ this shyt going on.
Ive been around the online space long enough to know losing money is apart of the game...
...but if I can come out of this shyt w/ a new skill

Im looking at one swing trading strategy, and one price action day trading strategy.

Ill start posting on Monday..no new trades today.

Ive had GBPCHF open for a few days now...hoping to at least break even (or maybe a little profit) by the end of the day.

 

[GarryWithTwoRs]

Around the time lockdown started.

I sell online as my "job"...so I have all the time in the world w/ this shyt going on.
Ive been around the online space long enough to know losing money is apart of the game...
...but if I can come out of this shyt w/ a new skill

Im looking at one swing trading strategy, and one price action day trading strategy.

Ill start posting on Monday..no new trades today.

Ive had GBPCHF open for a few days now...hoping to at least break even (or maybe a little profit) by the end of the day.

shyt we around the same wavelength then g. I just been tradin the 15m though nothin else. Wanna get my system down pat for this and then try some moves on the higher time scales. 15 is the lowest imma go though it's hectic amf watchin multiple pairs on the 15. I can literally be at my laptop all fukkin day waitin for the perfect entry and shyt. I been fukkin with that ichimoku system though. Rarely fukks me, and if it does it's usually based on my own mistake and not the system

 

[jilla82]

My weekend trade hit my stop loss yesterday.
Luckily my dumb ass fukked up and instead of losing $100 as I intended, I was only trading $10 .

My sleep is all fuked up...so I may stay up tonight and day trade the London session.

 

[GarryWithTwoRs]

My weekend trade hit my stop loss yesterday.
Luckily my dumb ass fukked up and instead of losing $100 as I intended, I was only trading $10 .

My sleep is all fuked up...so I may stay up tonight and day trade the London session.

More power to you bro. I'm way too impatient to swing trade. I was under the impression you were supposed to close out positions before the weekend starts though? How does it work?

 

[jilla82]

More power to you bro. I'm way too impatient to swing trade. I was under the impression you were supposed to close out positions before the weekend starts though? How does it work?

re: closing over the weekend...it depends. I was going to close it, but I was just curious.
Swing plays are good because you can make more money...and you dont have to watch.

Stayed up late last night/this morning to trade with the GBP/USD....my entry never came...so I eventually went to sleep at 4am for nothing

Woke up at 7:30am...market in general is going crazy (very busy earnings week)

Took a short position on EUR/ZAR.
Entered at 19.82715...stop loss is 19.49350.

If it plays out, it could go further.

Going back to sleep...hopefully when I wakeup I dont regret this.

 

[GarryWithTwoRs]

re: closing over the weekend...it depends. I was going to close it, but I was just curious.
Swing plays are good because you can make more money...and you dont have to watch.

Stayed up late last night/this morning to trade with the GBP/USD....my entry never came...so I eventually went to sleep at 4am for nothing

Woke up at 7:30am...market in general is going crazy (very busy earnings week)

Took a short position on EUR/ZAR.
Entered at 19.82715...stop loss is 19.49350.

If it plays out, it could go further.

Going back to sleep...hopefully when I wakeup I dont regret this.

What are you usin to trigger your entries?

 

[jilla82]

EUR straight kicking my ass this morning