BronzbeardContrarianTrader (by bronztrader) Quick Stats
Gain: +31.15%
Drawdown: 5.01%
Pips: 16589.7
Trades: 910
Won:
Lost:
Type: Demo
Leverage: 1:50
Trading: Manual

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BronzbeardContrarianTrader Discussion
bronztrader

Member Since Jan 17, 2016  5 posts bronztrader Jan 22 2016 at 03:49
If anyone is interested in what I'm doing, shoot me a reply and lets get a discussion going..grin

bronztrader

Member Since Jan 17, 2016  5 posts bronztrader Feb 11 2016 at 04:05
Been a very interesting week. Had a pretty solid 10% drawdown on this EURGBP trade, but it has recovered about half way at the moment. One of the things I really like about this strategy has to do with the amount of capital that you are still left to play with to try and consistently improve basis on positions that start to go against you. I've implemented a few strategies that have me adding to the position based on price movement and time passed since the last trade. Depending on the amount of draw down i end up getting from this trade, I am considering maybe reducing my position sizing even further for my initial trade size. Nonetheless, I am confident that the EURGBP trade will end up profitable for me and probably end up being my biggest winning trade. We shall see..

bronztrader

Member Since Jan 17, 2016  5 posts bronztrader Feb 12 2016 at 04:30
This has been a brutal move in EURGBP and I have been continuing to fade this move one small .2 lot at a time. I have 47 traunchs laid out there so far and as more time passes I am going to continue to fade. Since my opening trade, I have absorbed a 360 pip move against me and the only way to continue to improve my probabilities is to keep trading. Even with 47 short trades open, I still have only used about 24% of my buying power, so I still have plenty of powder dry. The trick here is to stay small and keep adding to the position to improve my average cost basis. I still predict that this will be my biggest winning trade yet, but a little drop in price would certainly help. =)

bronztrader

Member Since Jan 17, 2016  5 posts bronztrader Feb 13 2016 at 07:42
Wow, I'm stoked. This was a very solid move against me in the EURGBP of which I was completely wrong from the start, but still ended up being able to add 1.1% to my account value out of it. Which (as a tribute to my previous posts) has been by far my biggest trade.I stayed small, continued to fade based on time and price movements, and given that there was a consolidation in price, i was able to bring my break even high up enough to be able to take advantage of any down moves. The max amount of buying power i had on the table was almost 28% so I still had plenty of powder dry. I will post a chart later to show the move that I was short the entire time , but was able to still pull 1.1% out of. Super stoked!

Chas

Member Since May 07, 2016  1 posts Chas May 08 2016 at 06:44
Hello,

Your returns thru March look very interesting. What kind of snag did you run into?

bronztrader

Member Since Jan 17, 2016  5 posts bronztrader May 15 2016 at 17:34
Chas posted:
Hello,

Your returns thru March look very interesting. What kind of snag did you run into?


Hi! Thanks for the comment. I haven't logged on in a while, but essentially I realized I was trading too big. I was using the minimum size I could with forex.com as the demo broker but i wanted to go smaller, so I have created two new accounts that will trade the same method and the account names are BronzTrendTrader and BronzContrarianTrader. Stay tuned!

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EURUSD 1.18416 GBPUSD 1.29218
USDJPY 104.563 USDCAD 1.32031

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.