Project73 posted:
Nice journal you have here!

Thanks !

GBPUSD - one of the currency pairs I'll be watching very closely this coming Monday - expecting a pull-back and then a bullish move to upper key price levels.

Lets watch it!

So it is official news now....... $600 is my Nemesis......

Here are some of the challenges a trader sit with:

    If you close the order before it hit your TP, you should have left it open
    If you let the order run to hit your TP, you should have closed it early
    If you move your SL you shouldn't have
    If you don't move your TP you should have
    NEVER say Should Have, Could Have, or Why did I....

So I'm pushing forward to $700 even though I'm down to $500 from $600. Nothing has changed, not my strategy or my risk.

I'm 18,6% down from last week. My max draw down is 35% so I have much room for movement.

If you are one of my followers and are not comfortable with this DD I'll understand if you withdraw from my services, but please come back or decrease your investment amount to a smaller amount you are more comfortable with.

Lets do this!!!

#GBPJPY - If you are one of my signal followers you will notice I have 3 open orders on GBPJPY. So where do I see this pair go? Well, my TP is at 146.60, however I see this pair heading towards 147.00 region tomorrow or Friday. I will keep my TP level for now where it is, because I want to bank some profit before I place more orders.

Hopefully the Asian session will push through my TP level otherwise I'll have to wait for the London session's volume to push the momentum bullish.

fxinvestfund posted:
#GBPJPY - If you are one of my signal followers you will notice I have 3 open orders on GBPJPY. So where do I see this pair go? Well, my TP is at 146.60, however I see this pair heading towards 147.00 region tomorrow or Friday. I will keep my TP level for now where it is, because I want to bank some profit before I place more orders.

Hopefully the Asian session will push through my TP level otherwise I'll have to wait for the London session's volume to push the momentum bullish.

Nice analysis I feel the same about GBPJPY!

As anticipated GBPJPY had an awesome bullish spike this morning hitting my TP at 146.60 and banking 37.78% profit for the day pushing me back to just over 300% profit total gain. With my total acc also back above $600 I will now chase $700.

Tomorrow I'll be looking to trade GBPUSD and USDCAD. I'll bank whatever profit I can take and will not push for $700 tomorrow - that can wait till next week.

And that brings us to the end of another week. Not as good as I was expecting, but I'm glad I at least closed in the green. For the week +1.31% and overall gain is +305.96%. My acc balance is at least above $600, which was my target last week.

My max draw down is still in tact and I don't see that I'll get near that again, but it has happened before so as the saying goes: 'Never say Never' :-)

Happy weekend all!

fxinvestfund posted:
With Monday around the corner it is time to switch on the charts and start looking at what to trade.

USDCAD is still very much on my radar. I see this pair heading down to 1.3050 region on Monday/Tuesday and even lower to 1.3000. I do anticipate a short term bullish move to 1.3110 region first though.

Also keep in mind the rate change announcement on Wednesday.

Trade safe!

Thank you for sharing your outlook.

KovWiz23 posted:

fxinvestfund posted:
With Monday around the corner it is time to switch on the charts and start looking at what to trade.

USDCAD is still very much on my radar. I see this pair heading down to 1.3050 region on Monday/Tuesday and even lower to 1.3000. I do anticipate a short term bullish move to 1.3110 region first though.

Also keep in mind the rate change announcement on Wednesday.

Trade safe!

Thank you for sharing your outlook.

Pleasure!

I hope it will add value to your trading decisions.

Of course it does! Would be great if you pop by my journal too. Cheers.

KovWiz23 posted:
Of course it does! Would be great if you pop by my journal too. Cheers.

Will do!

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!

My next setup will on AUDJPY pair with a Short Limit order at 83.500 region.....

Who is with me???

Can you provide an actual link to your copy trading signal service?

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

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.......

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.....

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.

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.