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LiveForex Account (ZuluTrade) (de Splexin )

El usuario ha borrado este sistema.

Discusión LiveForex Account (ZuluTrade)

Splexin
Jun 20 2011 at 06:37
posts 202
System working as designed, though I exited most recent trade 5 minutes too early 😝

Anxious to reach $10K on live account so I can start seeing these results in real money 😉

May the pips be with you!

Splexin
Splexin
Jun 21 2011 at 09:33
posts 202
For those wondering, I do not place trades every day-- sometimes yes, but only if market conditions are appropriate. Each trade may be open between 3 hours and 3 days, depending on volatility. No news trading, strict 30 pip SL and 100 TP. May bag profits early if trend lines, pivot points, or S/R levels suggest a turnaround is probable.

And obviously, this is a demo account. But I am trading exactly as I would with $10,000 in my real account. Consistency and strict money management are the ways to win. Technically speaking, I only trade at 10:1 leverage. Many people do not have the discipline to hold to that level.

Recently, I've discovered why my signal account is more successful than my personal live account-- aside from having more capital to work with (i.e. placing orders of 1 lot, rather than using a calculator to place trades of 0.08-- simple!), I find myself not hesitating to take a trade. Hesitation and impatience are my weak points in real-time trading, but when I see the balance of $10,000 with the $3,000+ current profit, I feel more confident and place the trades without doubt. 😄

Hopefully this will spill over to my real $$$ trading when I reach that point.
speki
Jun 21 2011 at 09:48
posts 735
Good luck and pls keep us posted. In fact you're on ZuluTrade now and have a new site up and running too?
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Splexin
Jun 21 2011 at 18:09
posts 202

speki posted:
    Good luck and pls keep us posted. In fact you're on ZuluTrade now and have a new site up and running too?

Yes, I'm on ZuluTrade but my profile won't start showing up in their Performance profile until I reach 31 trades. So I still have awhile before I get some followers. But yes, I also have a new website up and running, though I have not yet published the commentary videos etc since I've had a lot going on in the real world. Hoping to get some videos up next week 😄

Plus, I've been busy planning my strategy for the trading contest 😉
Splexin
Jun 23 2011 at 19:16
posts 202
Once again, exited too early. Target was 1.4250 and I'm pretty sure it will get close or hit it 😂 Already a good 20-30 pips higher as of this writing. But I got out early with only 67 pips (reason being that I thought it was a flash move that would retreat). 😑 Poo! I need to stop doing that 😝

Anyways, more than 12% gain in 3 days with very minimal risk...all in all nearly 40% in 2 weeks (8 trading days) of the account being open.......pure luck, or something else? 😎

The system I trade is more longer term, no scalp nonsense, which might explain why it grows faster the more money you have available. Let's see how far I can take this, I bet I could have the lowest drawdown on MyFxBook due to my strict risk management. Live account isn't fairing as well, currently down 2% 🙄 But then again I only have $2000 in that one.

Trading contest is getting closer, it would be nice to take that $3000 (or even $2000) and add to my current $2000 for a total of $5000...maybe then I could start seeing the success (or at least half the success) of my signal provider account 😀
Splexin
Jun 23 2011 at 19:27
posts 202
Edit: Yes, EUR/USD exceeded the 100 pip Target. Damn, see that's what happens when you keep the platform open and don't let the trade do it's job!!! LOL 😁

<a href='' target='_blank'><img src=''/></a>
speki
Jun 24 2011 at 10:12
posts 735
Well, sustained, consistent good returns surely cannot be attributed to pure luck. There must be some skills involved 😉
Do you plan to play your signals on a live account? I would definitely look impressive.
Good luck with the contest. Would be nice to snatch that pile of cash, eh? 😁
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
temitope123
Jun 24 2011 at 10:17
posts 106
what is your signal name at Zulutrade?
Splexin
Jun 24 2011 at 15:47
posts 202
speki posted:
    Well, sustained, consistent good returns surely cannot be attributed to pure luck. There must be some skills involved 😉
Do you plan to play your signals on a live account? I would definitely look impressive.
Good luck with the contest. Would be nice to snatch that pile of cash, eh? 😁

Agree! 😄

Yes, due to their success, I do plan to use my signals on a live account. I am just trying to get my balance to a reasonable amount in order to use them to their best extent. My live account is currently up 2.3% in profit, because I made money in my sleep 😁 But it will take awhile to reach the optimal $10,000 that my signals work best with.

Thanks, and yes that pile would aid my cause greatly! 😄

temitope123 posted:
    what is your signal name at Zulutrade?

LiveForex.Biz - you can see the trade history at https://www.zulutrade.com/TradeHistoryIndividual.aspx?pid=56018

Interestingly enough, that page lists my lot sizes incorrectly at '10'. Should say '1' but perhaps an issue with my cache.
Splexin
Jun 28 2011 at 04:28
posts 202
Limit Order expired during my dinner -.-

Normally I set my limit orders to expire in 24 hours...for some reason I set this one incorrectly 🙄

See screenshot for proof that I called the trade 2 days ago (posted on my website). Entry was for 1.4325 (just above 61.8%). Current price is 1.4290, session high 1.4328ish. Actually a few hours ahead of predicted time. Amazing.

Of course, the trade could turn around 5 minutes from now, but it looks to be in favor. You could bag at least 30 pips.

<a href='' target='_blank'><img src=''/></a>
klaabukosmos
Jun 28 2011 at 06:10
posts 35

Splexin posted:
   Interestingly enough, that page lists my lot sizes incorrectly at '10'. Should say '1' but perhaps an issue with my cache.

That was micro lot I think.
Splexin
Jun 28 2011 at 06:41
posts 202

klaabukosmos posted:
    
Splexin posted:
   Interestingly enough, that page lists my lot sizes incorrectly at '10'. Should say '1' but perhaps an issue with my cache.

That was micro lot I think.
Ah, thank you for pointing that out. I am so used to my live account, which is a standard account, that I did not take into consideration ZuluTrade counting $10,000 account as micro.
speki
Jun 29 2011 at 01:30
posts 735
This was indeed a good call. Good calls build appetite for a signal service. Soon you'll need a better name for the signals. Like .. Milking the Market? Or Currency Chemistry? No, wait. Here is the best: The Tao of Trading. Yeah, keep it up! 😁
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Splexin
Jun 29 2011 at 01:39
posts 202

speki posted:
    This was indeed a good call. Good calls build appetite for a signal service. Soon you'll need a better name for the signals. Like .. Milking the Market? Or Currency Chemistry? No, wait. Here is the best: The Tao of Trading. Yeah, keep it up! 😁

I was actually VERY surprised that the price actually went to where I predicted.....that's pretty wild.

Yes it was a good call, but not exactly a perfect trade. Around 03:00 there was a huge bullish engulfing candle (news...I think) that would've given warning to what was to come. Had I been in the trade, I would've moved the stop loss closer ('just in case') and also moved the target to the nearest Pivot Point (1.4245). This is not just hindsight speaking, either. All in all, you would end the trade with 80 pips, though I'm sure most people would've exited once they bagged 50.

So not as great a trade as I would've hoped, but still OK. I find it amusing that in following the price projection/prediction you actually could've made more money on the way UP to that point (over 250 pips if you were in now) 😁

Ah well, we keep marching forward. I am currently in a trade that is finally rolling over, looks to be in favor. Not really keeping too much focus on Signal or live accounts this week, since the contest is coming up 😉

I will come up with a more creative name once I have some serious real cash and not just monopoly money......lol
Splexin
Jun 29 2011 at 07:40
posts 202
Had my first loss in awhile on the Signal account. Guess I can't win them all! 🙄

This evening has been a rollercoaster for my live account. Lost $40, went in the red $30 more on another trade, and netted $1.40 after getting in on a EUR trade and closing my -$30 trade....should've stuck with EUR trade as I would have 10% profit now. Though I am thankful to not have another $30-40 loss, I kicked myself for chickening out when price was obviously continue the rally 😳

And on top of all that, once again the prices avoided a Limit Order by one pip, and the trade is now in favor.

Not one of the best weeks for me 😂
Splexin
Jul 06 2011 at 16:45
posts 202
Dammit, this is what happens when I decide to sleep through the European session. Price went halfway to target, which I would've gladly took profits with, but instead retreated and hit my stop loss. fml
Ali Aboutera (aboutera)
Jul 06 2011 at 17:25
posts 8
Guys on a daily trade the EUR/USD looks like it will fall again what do you think ??
Splexin
Jul 06 2011 at 17:28
posts 202
Yes EUR/USD will likely continue fall. Price rejected at major 61.8% Fibonacci level on broader scale. I had Sell Limit orders open on my signal account but they were never hit. Will be looking to sell rallies, that is also consensus on IFR feed.
Ali Aboutera (aboutera)
Jul 06 2011 at 18:15
posts 8
I hope so Mr.Splexin I kinda lost a big heap today for in this bearish day 😞
Splexin
Jul 06 2011 at 18:28
posts 202
aboutera posted:
    I hope so Mr.Splexin I kinda lost a big heap today for in this bearish day 😞

If you lost a 'big heap,' then you should probably reexamine your money management strategy. On my signal account I risk no more than 3% and on my personal real account I risk no more than 2%, winners target 4-6% per trade. Because of my MM strategy even if I only win 3 trades and then lose 5 in a row (which I have!) I can still remain profitable.

When I started out in forex I would risk upwards of 5%-10% per trade and despite winning big at times, it didn't take long before I finally got wiped out. You have to realize the possibility of losing 10 trades in a row. If you risk just 2% per trade then even if you lose 10 in a row, you still have 80% of your account.

Using a stop-loss is also a MUST! Even if you trade daily charts, you should still utilize a SL and MM strategy. So on a $5000 account, if you wanted to use a 100 pip stop loss for Dailies and 300 pip target then your position size would be 0.10 (10,000 units). Risking just $100 to gain $300 and with a substantial SL to protect your balance. I don't usually trade Dailies....I trade Hourly...but my stop loss is usually 30-40 pips with a target of 100 pips. When I trade 5 minute chart my SL is 20 pips and my target is 40-50.

Your profile says that you have less than a year experience.....I guarantee you that if you learn strategic money management FIRST then you will be much better off. It doesn't matter how good your trading system is if you can't protect your capital against losing streaks and other things of probabilistic nature.

Cheers
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