Share$25 to $25k in 10 days (by psymon) Rýchle štatistiky
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$25 to $25k in 10 days Diskusia
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Členom od Apr 01, 2011 61 príspevkov
Psymon (psymon)
May 04 2011 at 08:22
i'm going to withdraw $28 so i start with a clean sheet, so as soon as my broker takes it out its game on! maybe not tonight, going out to celebrate! lolz.
probably get back onto it tomorrow afternoon, thurs & fri this week, thats enough time to finish it lmao. Thanks for the support guys, this wouldn't be half the fun without you. psy its all down hill from here! |
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Členom od Apr 01, 2011 61 príspevkov
Psymon (psymon)
May 05 2011 at 01:40
All right, i'm back in the game.
a real quick short before the retail sales, but i should have had a sell limit order in at tp. might just have to save that for the nfp tomorrow. have a great day all psy its all down hill from here! |
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Členom od Apr 01, 2011 61 príspevkov
Psymon (psymon)
May 05 2011 at 01:51
just thought i'd share my AUDUSD 1h chart for anyone who's interested...
Prílohy:
its all down hill from here! |
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Členom od Apr 20, 2011 8 príspevkov
Mike (alienek)
May 05 2011 at 07:24
2 down. Congratulations :)
And Thanks for the chart :) I look on it... and I have only one conclusion: I still need to learn a lot :) |
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Členom od Apr 01, 2011 61 príspevkov
Psymon (psymon)
May 05 2011 at 11:39
hi, alienek, the charts not as complicated as you think, once you start to break it down, but yeah there is a lot of information on there!
the vertical dotted blue lines are my previous trades and next to them is an arrow giving direction, the horisontal red and purple lines are daily pivot points, ] the diaganal white lines are trend channels the yellow diagonal lines are a simple zig zag, and the smaller red line is part of the zup indicator. the yellow numbers are from zup and are simply fib numbers with dotted blue lines. then just for good measure i have bollingerbands. in the lower window is a stoch and an RSI set to 4. because i am only looking for 25pips i'm using the same setup on lower time frames, which is why the 1h chart isn't generating the signals that i'm trading this account from. Its just a case of balancing information and ability to process it, you could have 30 indicators and only pull the trigger when all of them confirm, but you would only take 1 trade a year! If you only have one indicator you will get a lot of false signals. I wait until i get a 4 indicator confirmation and only then i pull the trigger. Where in Indonesia are you? i'm in Bali at the moment... its all down hill from here! |
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Členom od May 04, 2010 45 príspevkov
daCoops
May 05 2011 at 12:12
Brilliant. And great explanation of the indocators that you use and things.
Any particular reason why you only concentrate on AUDUSD ? |
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Členom od Apr 01, 2011 61 príspevkov
Psymon (psymon)
May 05 2011 at 12:51
hi daCoops,
because i'm starting with only $25 it limits the pairs i can open, for example with 500:1 leverage GBPUSD costs about $32.94 and gives back $1 per pip, obviously i cant afford to open a single position. the NZDJPY however costs 15.7 and gives back $1.25per pip. so its cheaper to open and can make you more money, the catch is that volitility is not great, so for this challenge i needed a balance between cheap and good volatility, which the AUDUSD has. As i trade the AUDUSD for real i all ready have a sense of whats going on with the pair, and dont have to do any extra homework on a new country, which makes life a little easier! lol hope this helped... its all down hill from here! |
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Členom od Apr 01, 2011 61 príspevkov
Psymon (psymon)
May 05 2011 at 23:26
DOH !
its all down hill from here! |
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Členom od Mar 25, 2010 193 príspevkov
Miguel (tapachula)
May 07 2011 at 03:29
Yeah i know my grammar sucks, I speak spanish. Sorry if something doesnt make sense ;) |
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Členom od May 22, 2010 46 príspevkov
horacioo
May 07 2011 at 03:41
oops.
better luck next week have a great weekend!! |
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