The Backyard Trader (by fxinvestfund) Estadísticas rápidas
Ganancia: -99.12%
Drawdown: 99.85%
Pips: 1.5
Operaciones: 387
Ganadas:
Pérdida:
Tipo: Real
Apalancamiento: 1:300
Trading: Manual

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The Backyard Trader Discusión
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fxinvestfund

Miembro desde Oct 12, 2013  153 mensajes BackyardTrader (fxinvestfund) Jul 09 at 12:34
KovWiz23 posted:
Of course it does! Would be great if you pop by my journal too. Cheers.


Will do!

Trade safe!
L3CAP

Miembro desde Sep 29, 2016  219 mensajes L3CAP Jul 10 at 07:01
fxinvestfund posted:
GBPUSD orders have been setup and now we wait......

Anticipate price to push down to 1.3225 region and pick up on previous key Demand Level. I have a 20pip SL in place just in case the bearish momentum is too strong, but then I'll pick up another Buy order on the swing. I see this pair head to 1.3380 by tomorrow.

Trade safe!


Nice use of pending orders, nothing better than setting up a few 'traps' to catch the price!

ourmyfxbook@
fxinvestfund

Miembro desde Oct 12, 2013  153 mensajes BackyardTrader (fxinvestfund) Jul 12 at 15:39
My next setup will on AUDJPY pair with a Short Limit order at 83.500 region.....

Who is with me???
Adjuntos:

Trade safe!
ovisun

Miembro desde Jan 27, 2013  315 mensajes ovisun Jul 14 at 18:13
Can you provide an actual link to your copy trading signal service?

fxinvestfund

Miembro desde Oct 12, 2013  153 mensajes BackyardTrader (fxinvestfund) Jul 14 at 18:39
ovisun posted:
Can you provide an actual link to your copy trading signal service?


Yes sure, links below

MQL5: - https://www.mql5.com/en/signals/431684

SignalStart: - https://www.signalstart.com/analysis/...rdtrader/33528

Trade safe!
fxinvestfund

Miembro desde Oct 12, 2013  153 mensajes BackyardTrader (fxinvestfund) Jul 18 at 07:32
So, I tried to hedge my way out of a very unexpected move by GBPUSD and the hedge got stopped out all the time due to volatile price movement, which led to the current draw down I'm in. I cannot close the order, because then I'll face a 50% loss on the account so I have to ride this hedge until I reach a BE point on the 4 open buy orders. The short that hedges the 4 buy orders also got stopped out during Asian session so I have another ending short about 20 pips away from current price. All I can hope for is that GBP's CPI result this morning will push the price bullish far enough to hit my BE point.......

Trade safe!
fxinvestfund

Miembro desde Oct 12, 2013  153 mensajes BackyardTrader (fxinvestfund) Jul 23 at 07:00
So...... I'm taking this back up to $900!!!!

I've done this before and will do it again and this time I will keep it there!!!!

HOW?

DISCIPLINE, PATIENCE, COMMITMENT

You are either with me or against me.....

Trade safe!
Professional4X

Miembro desde Jan 05, 2016  716 mensajes Professional4X Jul 23 at 23:45
fxinvestfund posted:
So...... I'm taking this back up to $900!!!!



No you're not. You've just blown your account with a greater than 95% DD because you are not using ANY money management.


fxinvestfund posted:
I've done this before and will do it again and this time I will keep it there!!!!



No you won't. You are gambling with your account and you are trying to get rich quick, and you are taking risks with your account that cause you to take massive losses.


fxinvestfund posted:
DISCIPLINE, PATIENCE, COMMITMENT
You are either with me or against me.....


You don't have discipline. You don't have patience. You don't have commitment.

No one needs to be against you, you are already defeating yourself with 'get rich quick' gambling with your account.



Do you know why this happened? Because you are NOT USING proper money management.
Adjuntos:

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X

Miembro desde Jan 05, 2016  716 mensajes Professional4X Jul 23 at 23:51
fxinvestfund posted:
So, I tried to hedge my way out of a very unexpected move by GBPUSD and the hedge got stopped out all the time due to volatile price movement, which led to the current draw down I'm in.



You are not properly hedging your account. You have no idea what you are doing.



fxinvestfund posted:
 I cannot close the order, because then I'll face a 50% loss on the account so I have to ride this hedge until I reach a BE point on the 4 open buy orders.


You should have closed the orders and taken the loss. Now you have a blown account with 95% DD.

'I can't close them because......', is a complete disregard for your account safety.

You allowed your emotions to get in your way and you didn't protect your investment capital.

Because of this, you have lost most if not all of your investment capital. (95% DD is a blown account)




fxinvestfund posted:
 The short that hedges the 4 buy orders also got stopped out during Asian session so I have another ending short about 20 pips away from current price. All I can hope for is that GBP's CPI result this morning will push the price bullish far enough to hit my BE point.......


'All I can hope'... Complete garbage. You are trading with emotions and not a valid strategy.





If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X

Miembro desde Jan 05, 2016  716 mensajes Professional4X Jul 24 at 00:05 (editado a las Jul 24 at 00:07 )
And before you say anything just look at your trades.




That is NOT properly hedging your account in ANY MANNER.

You allowed your bad trades to run, and instead of closing them, you are just trying to trade your way out of big mess by creating an even bigger mess with a series of even more bad trades.

You should have CLOSED those bad trades, accepted the loss, and then waited for the next proper entry point for your strategy.


Adjuntos:

If it looks too good to be true, it's probably a scam! Let the buyer beware.
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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.