Bad luck

Sometimes we have a good luck, sometimes a bad luck... this is the second case. Tuesday and today...

November 29th Statement

Last week there were 6 winners, 2 BE and 3 losers. Pictures are bellow...

Hope you guys still trading 1MD have similar results and overall a good week!:)

Cashback forex

I came upon this interesting site. It offers payback for trades you make with different brokers... Seems interesting, I will let you know how it works:) For more info click on the ad to the right...

November 21st results

Hi guys,

again sorry for not posting for some time, I have been pretty busy lately with my firm and also I have to admit I got reached by one of the most dangerous enemy of every trader - impatience and undiscipline... I spent a lot of hours looking for another system where I could actually be trading all day (even I know I dont have time for it) and trying them. That is no good! The golden rule of making money is: MAKING MONEY IS BORING! So if you have something that works, but you become used to it, the danger might appear...:)

I continue trading 1 minute daily system, I quit receiving signals and will only demo them (maybe not even that). Also the only thing I might try is Morning forex trade because this system resembles to 1MD and therefore I like it:)

Here are the results for last month of trading 1 MD:

GU 19 wins, 12 losses (great! That is 61% winners)

UJ 16 wins, 9 losses (awesome! 64% win rate)

Can someone please tell me, why the heck didn't I just stick to the rules the whole time?:) Well, there is still some experience I need to gain I guess...

STICK TO THE RULES BECAUSE MAKING MONEY IS BORING!!!

UPDATE: of course the UJ gave two losses in one day right after my post here:) getting used to it... But it will change!

Updates

Hi all,

I am really sorry, but I have been very lazy with updates here...:) I have a lot of work and am trying new systems (that are not really working well (one system where I trade signals has had the worst two weeks in several months - unfortunately exactly when I went live from demo, as you see on my account statement:(). But  1 MD is not that bad lately and I will probably have some time from now on to do some updates... Sorry, just a regular men here:) I am looking into Morning forex trade system that some guys here trade with decent results... So will see...

Take care and good trading!

October 17th results

Here are the results for last 14 days. I was too busy last week... GU had 7 wins and 5 losses (the disasterous week is overdone if you trade by the rules), UJ there were 6 wins and 3 (4) losses. So if you followed the rules, you have had a nice two weeks! Unfortunatelly I didnt follow the rules (I didnt trade) and also I missed one win because I was away from my computer. Here you see that patience DOES pay off!
I also started to trade EURGBP on another account because my first account has too big spread (5 pips). So far I was quite successful. 
And...also I demo trade buyforexsignals because I had a chat with them and I want to give it a try even their support is very weak... In two weaks and two days the results are positive. I will let you know how it goes...
The results from trading of the FxChilds play are breakeven. I have had some winners and some losers. It demands a lot of practice (1 MD is much easier) because the set up is not that easy to see (or at least it seems to me - it is another topic to chat about:))...

Disasterous week for GU

Well, it is not even Friday and we already know, that GU is giving us quite a hard time this week... I didn't trade today, there are some strong resistances I consider on both pairs I trade... See pictures:

BUT! The statistics talks for itself...DO NOT stop trading now, because the winners are on its way! We have to stick to the system that works... and 1MD works, we have seen it! HOLD ON

UPDATE:
if anyone stayed with the system, you have a nice win on GU today... Unfortunately I wasn't at my computer:(

Little changes

You can see that there are two trades open, those are not 1MD trades. I saw some possible price action trades this week so I took 4 of them... 2 were losses, two are winners where partial profit is taken and the rest of positions is still open with SL set to BE+1. From now on, I might take this kind of trades if I have time and see some... Also I will use one signal service with very little risk because I find their results good and the trades easy to set. I know that I have said I would trade only 1 MD to see how it performs, but I also realised that my purpose of this site was to show that it is possible to transform a few hundred USD into a few thousands in one year, not to make this site only 1MD trading results:) I hope you won't get mad at me...

UPDATE: guys, don't waste your time with buyforexsignals.com. They dont respond to emails at all and their results are fake... I also talked to Phil that is posting here and will try FxChilds play system...

September 26th Statement

Hi fellow traders! Last week was decent. GU 4:2, UJ 2:3 (1:4 for me), so I am break even, the ones that follow strictly the rules are slightly positive...:)

Another government intervention = 2 losses

uf :(

Bad luck

Just so you can see how bad luck can work sometimes...:) This is my todays loss on GU...

September 19th Statement

Hi all,

if you were trading last week, you ended up nicely positive. Seems like things are changing in our favour again:) I stayed out of GU as I stated earlier but if you traded it as per plan, you had 3 wins and 1 loss. I cought only 1x1 but I believe we are going to move again which will bring us more winners...
On UJ there were 2wins and 1 loss which I also had on my account. One trade is still open, hopefully it will reach the TP:)
I know we have had another hard time weeks before this one, but we have to stick to the plan and hold on...

UPDATE: I just took GU buy from Friday. With the same amount risked, which means I risk much less, because the price is lower. So if it goes against me, I will lose much less than if the trade got triggered on Friday as it should but with much higher profit potential...

In GBPUSD again...

I think we might be trending again in GU, so today I put orders on this pair again...

A few words

I just wanted to put my today's thoughts here... Of course, there is no trade on UJ today, because the band is WAY TOO WIDE. We can see what a government intervention can do to a market:) My opinion though is that the government cannot fight the market for a long time, if the direction is short and the overall mood will stay short. But we will see, what happens...
The GU on the other hand might go finally some direction and that will be the moment I will get back to trade this pair.

What are your thoughts on this situation, guys?

Last 14 days

As I look at the last 2-3 weeks, 1 MD is having a very hard time... Luckily for me, I was away but those of you guys following strictly the system are experiencing some drawdown. On GU, there were 2 wins x 12 losses, which is really awful. As I look on daily chart, we are in a obvious sideways market, so I will stay away on this pair until we move out of the channel. As an indicator I will look at the wawe indicator...
On UJ we had 3 wins and 5 losses and 3 trades are still open (if you follow the rules properly)... Here we are in a clear downtrend so I will keep trading...

Lets hold on, better times have to come, as always!

Hello from Mallorca

Hi guys,

I am sending warm hello from sunny island in the meditteraen sea. I have very limited connection access but maybe from tomorrow I will be able to put in the trades. As I see the beginning of this week is good, hopefully most of you took the trades and packed some $$$!:)

Take care,

Slurpee

Busy schedule:)

I have been pretty busy last few days so I didn't post my results. But you can look at my myfxbook which shows all the trades taken and also the ones that are open right now. I am going on vacation next week so will not be able to take probably all the trades. I will post results again as soon as I get back, which will be in half of September.

Good luck to all you guys and take care:)

Another series of losses after good times...

As everybody who trades 1 minute daily probably sees, we are having some hard time again unfortunately. Even I got a little dissapointed because every time I reach top of my account there comes a hard strike in several bad trades. It started with Friday's UJ, there were two losses which stroke my account hard time...  BUT! We all, who want to make profit in the long run know, that this is just a short period of time that tries to persuade us to quit!:) But we will not stop trading this wonderful system because it works!:) The only thing that makes me angry is that I said I will lower my risk as soon as I get to 3k... well, I will have to wait a bit I guess:) Hold on, guys, don't worry about the losses!

August 15th Statement

Hello everybody,

last week finally took me back from the big draw down in May. It were long two and half months but the patience paid off:) Even for me it is a big and great experience that the most important thing is stay with the rules (the little changes I sometimes use are just small ones) and trust the system. I am looking forward to get over 3.000 USD so I can lower my risk per trade. I don't want to experince such DD again:)
So here are the pictures of last week...

The losses are gone:)

It took 2 months and 11 days to get back from the worst drawdown in my trading. I think it is not bad at all considering the enormous risk I use in my trading! The only thing we need is to trust the system, stick to it and learn along the way... I hope I reach 3k soon and will be able to lower my risk per trade.

August 8th Statement

Last week was so so... On GU if you trade per rules, you have two wins, one loss and one trade is still open. On that trade I moved my SL to BE+1, because level 1.6000 seems too much of a resistance to me. But do your own due diligence:) On UJ there were 3 wins and 1 loss if you follow rules properly. I didn't do that as you could have seen in my previous post and it cost me some pips and $$$... But at least I have a lesson which is more important in the long run:) So overall, if you traded per rules, you have had actually a very good week!:) So congrats!

And my account curve...

My two losses:)

Here is to show that not every time my improvements work, sometimes they even cost me some bucks... On both UJ and GU I had a loss which would normally be a win. I hope you guys stick to the system properly and had two nice winners!:)

August 1st Statement

This week was up and down. The GU had two worst types of trades in a row, UJ had also some losses. I hope next week goes better!

Another example of my improvements

As I said this is more discretional so I advice everybody does what they think is best, but this is what I did yesterday... GU might be turning down for a bit. There is some resistance at 1.5680ish level if you look at weekly charts. So there are 3 losses in last few days (I cannot avoid losses:)) and 1 trade is still open (I closed it with small profit though because I see the price has problems with the resistance).

This is UJ from yesterday... Awesome trade. There is no strong resistance in sight so I moved my TP several pips down (15 pips). Because the channel was narrow, every single pip makes a difference! It made + another 5% difference in my case:) This doesn't work every time of course and also it demands more time in front of the charts, but if you have it, it can make a difference. CUT YOUR LOSSES SHORT AND LET YOUR WINNERS RUN!

I might do a video some day because it is easier to explain but you guys have to promise not to laugh my accent:)

My adjustments to 1 minute daily

Long time awaited is here:) But I might disappoint you, it is nothing that will cause you not lose another trade. Every system has losses and it is just fine! The only thing you can do about it is accept it, then try to avoid them if possible and of course lower those losses. One of the basic rules in trading is cut your losses short and let your profits run. But how can you do it in system where risk = reward (TP=SL)? Actually in 1 min daily the losses are a little bit bigger because of the spread. So what shall we do? I repeat that this is not a holy grail and also I have to say this depends more on discretion, which means you must have some experience with trading basics (trend lines, support, resistance). If you just started, then STICK TO BASIC RULES AND DO NOT TRY TO IMPROVE SOMETHING THAT WORKS. This is only enhancement and if you overtrade, you will lose.
Every trade I move my SL right at the beginning a few pips closer to entry. A few means 2, 3, max 4. It depends how wide is the channel. UJ has narrow channels, so when the channel is less than 30, I would move it just 1 pip. If it is 30-50, I will move it 2-3 pips, if it is more than 50 pips wide, I will go 5 pips. Why? I have experienced that if the price goes as close as 3-5 pips to SL, it will most probably hit the SL sometime. On GU, normal channel is around 70 pips wide. So adjust accordingly. I know, what is 3-5 pips??:) But if you manage to lower your losses at least a little bit, in the long run you will make more! Then when price moves my direction (but I watch for moves to at least 50% of the distance to TP), I will move my SL a little further - not to break even yet! Sometimes it happens that it turns back, goes under your entry and then turns again and hits the TP. This is not exact thing, but experience will make you a pro. Here is an example...

So this is the basic thing I do every time. Then I watch for important supports and resistances (of course if I can and if I am not away from my PC) when trying to lower risk or make higher profit (or at least some profit). Here is an example from today on UJ...

Also when there is no resistance in sight I usually move my TP a few pips further (again 2-4 pips is OK). But this usally works best if there are some news and they are in direction of the trade...
So that is it! If I find something else that works, I will share it...:)

Results after 6 months of trading 1 minute daily

Finally I am able to write a few words about this wonderful and easy system with longer time perspective. On Monday it was exactly 6 months since I started and the results are IMPRESIVE! I started with 170 USD (those who have looked at my myfxbook have noticed, that I didn't open this account that day, but I seriously started trading 1 minute daily on January 26th) and right now my account is up at  1890 USD. Regarding to myfxbook it is over +600%, but myfxbook counts performance regarding to my overall deposit to this account, but that is not relevant. If we take my starting money as 170 and final state of 1890 USD, we get over 1000% performance in 6 months! I am not sure what your interest rate on your bank account is, but I find this number amazing!
The problem with my trading is that I risk 10% of my account on every single trade I open with 1 minute daily. So before every trade I look at my Balance and put it into my calculator and count number of micro lots to trade with. I started with 1-3 micro lots, now I am trading 15-40 micro lots (1,5-4 mini lots), but I always count it before every trade. Why I see a problem in this is obvious. It is way too much for trading bigger account. Nobody would like to see his/her account go down 30-40% like nothing if the account was for example 10.000 USD. So I will lower my risk to 5% as soon as I get to 3.000 USD. The volatility should lower after that. When I get to 10.000 USD I will probably lower the risk to 2%...
Some statistics...
here is a picture of my account summary. It does not contain the time before starting with 1 minute daily, but I does contain other trades I took in last 6 months. 1 min daily system should be more than 80% of my trading though. Since last month or so I have been trading only 1 minute daily on this account.

You can see that the drawdown is huge, but it will get lower with decreasing my risk per trade. The most important for you guys starting with this system is that it has MORE WINNERS THAN LOSERS! Almost 60% of trades are winners and that is why the system works even with fact, that SL is a little bit bigger than TP. This is important for our psychology because we see we can trust this system and easily overcome losing periods...
What about results with traded pairs? GBPUSD had 193 trades (overall in my account, but most are 1 min daily), it made me 1.801 USD with 2368 pips (the GU has wider band all the time). USDJPY had 166 trades, it made 220 USD with 622 pips.  This tells me that I might consider trading only GU, but I will wait till the end of the year for one year statistics. All of this you can read at myfxbook, if you click on advanced summary and then click on charts by particulars pair...
I think this is enough for this post. I will write something about my improvements to the system in next post...

July 25th Statement

I was quite busy last few days so I could not post... I am sorry for that.
To save some time, I won't post pictures of this week's trades, only my account statement.
On GU, there were 3 wins and 2 losses. Something strange happened on Wednesday early morning which caused one more loss, that would not normally happen. I heard some "fat finger" (bank or something like that) made a mistake that caused move more than 100 pips in 1 minute that took my Tuesday's buy and immediatelly went down for SL. So on Wednesday I decided not to trade because the market was quite choppy after that...
On UJ I couldn't trade on Friday and this trade would have been still open. Other than that, I had 2 losses and 1 win. If you want, I can make a picture...
This week, hopefully soon, I would like to make a summary of what I learned during the first 6 months of trading this system and what improvements I make... I will also post some statistics here from myFXbook...

New feature

I have found a great site that can make very nice statistics of your trading. It is called myfxbook and I immediately connected it to my account... The statistics is on the right side of my blog and if you click on it, you can see all the info about my trading.
I opened my account earlier so it goes further than to when I started trading 1 minute daily. Also the overall amount I put into my account is bigger than 170 USD, but that is the amount with which I started trading 1 minute daily. The drawdown is so big because I risk 10% of my account every trade, which is a lot, also because I traded 3 pairs at a time and that is too much. I will stay only with GU and UJ now...

July 16th statement

I hope you guys got to trade this week:) We are getting closer to our maximum again, even I didn't get to take all the trades again... This week we had 5 wins and only 1 loss on GU and 4 wins to 1 loss on UJ. What A great week! I hope it continues the next week:)

and my account statement since January 26th...

July 10th statement

This week happened to be a little unfortunate for me. I was away on Monday and missed two winners (both GU and UJ) and then on friday I put by mistake trade twice and it was a loss. So the overall result would look much differently... The results for this week if everything went as it should are GU 4 wins, 3 losses, UJ 2 wins, 1 loss so far. I hope you guys had better luck and caught all the trades!

and my account statement as of today...

AUDUSD and NZDUSD position trades

as well as the EURUSD, these two ended up to be a loss. This happens, sometimes. I will avoid trading other systems than 1 minute daily on this account so it is more clear how it does..

July 2nd Statement

This week was fine with 1 minute daily. Actually if you look at the pictures it worked great:) Another two or three weeks like that and we are back to the best level ever... This week I tried to play a bit with the PT more. On Thursday I managed to squeeze a little more pips from both pairs thanks to trailing stop. What I do is that if I see a clear direction (on longer time frame) and see that the pair is moving quite strongly my direction (the same way as on the longer time frame) then if I am sitting by my computer I cancel my regular TP. When the price goes and hits the original TP, I close half of my position. Then I leave the rest on trailing stop and watch for sudden move against me. We will see how this works. It is more discretionary and demands time in front of the computer but it might help get bigger winners, which is the key to every successful trading. If you are starting with this system just stick to the rules and you will be fine:)

And of course my account statement  

There is a public holiday over here on Monday and Tuesday so I might not be able to trade because I will be away. I am holding my fingers crossed for you guys to get some winners:)

Position trades

Last night I opened 3 position trades. All of them are short, risk is always less than 5% of my account.
AUDUSD @8408, SL 8715 (in these trades the SL is quite far so we have to adjust our number of lots accordingly)
EURUSD @1.2230, SL 1.2475 (this SL got hit a minute ago. I didnt follow the rules here and got kicked out by 5 pips...we have a saying here, you have to pay for your stupidity:))
NZDUSD @6854, SL 7015

CHFJPY - trade closed

I forgot to mention my CHFJPY short trade... The SL got hit. I will enter again as soon as it turns in its direction down.

GU low from last week...

brokers sometimes have different prices... here you go guys, there is my chart. the arrow is pointing on the 1300 bar...

June 27th Statement

Here are the numbers for last week... GU 4 wins, 3 losses. UJ 4 wins, but two were only small ones, as mentioned in previous post. I prefer small win to any loss:) We will see if it was a good move or not...

...and my account statement...