Fast FMT: +10
FMT: +35
EFMT: +38
Total: +33, -86, -25
A few good days in a row... could stay like that for some time...:)
9/05/2011
9/01/2011
8/30/2011
8/29/2011
August 29th
August 26th was a no trade day...
Today:
Fast FMT: +10
FMT: +36 (by a mistake I had the TP one pip further...luckily it is a win:))
EFMT: +10
Total: -17, -152, -141
Today:
Fast FMT: +10
FMT: +36 (by a mistake I had the TP one pip further...luckily it is a win:))
EFMT: +10
Total: -17, -152, -141
8/25/2011
August 23rd and 24th
On 23rd there was no trade...
24th:
Fast FMT: +10
FMT: -23 (I lowered the risk fortunatelly, the SL would get hit anyway)
EFMT: -23 (the same)
Total: -37, -189, -189
24th:
Fast FMT: +10
FMT: -23 (I lowered the risk fortunatelly, the SL would get hit anyway)
EFMT: -23 (the same)
Total: -37, -189, -189
8/22/2011
8/21/2011
Trip to Norway
I was one week on a cruise ship around Norway and as expected, this week had two full winners and one BE trade...:( Oh well... another few months and I will see if I continue in this trading system.
8/08/2011
August 8th
Not like on the stock markets...today was a great day:)
Fast FMT: +10
FMT: +35
EFMT: +38
Total: -57, -136, -136
Fast FMT: +10
FMT: +35
EFMT: +38
Total: -57, -136, -136
8/06/2011
August 5th
bad bad week...:(
Fast FMT: +10
FMT: -33
EFMT: -33 (on both FMT and EFMT I lowered the risk after spike up and move down...)
Total: -67, -171, -174
Fast FMT: +10
FMT: -33
EFMT: -33 (on both FMT and EFMT I lowered the risk after spike up and move down...)
Total: -67, -171, -174
8/04/2011
August 4th
well, I like non losing days... but... I dont like, when the TP is missed by one or two pips!:(
Fast FMT: +10
FMT: +6
EFMT: +5
Total: -77, -138, -141
Fast FMT: +10
FMT: +6
EFMT: +5
Total: -77, -138, -141
8/03/2011
August 3rd
losses all the way...:(
Fast FMT: -40 (missed by 1 single pip!)
FMT: -40
EFMT: -38
Total: -87, -144, -146
Fast FMT: -40 (missed by 1 single pip!)
FMT: -40
EFMT: -38
Total: -87, -144, -146
8/02/2011
8/01/2011
7/28/2011
7/27/2011
July 27th
All in red today... Not even one pip in my favour, as soon as entered it went down:(
Fast FMT: -40
FMT: -40
EFMT: -38
Total: -77, -36, -90
Fast FMT: -40
FMT: -40
EFMT: -38
Total: -77, -36, -90
7/26/2011
July 26th
Thursday and Friday was a No Trade...
Today, all winners!:)
Fast FMT: +10
FMT: +35
EFMT: +38
Total: -37, +4, -52
Today, all winners!:)
Fast FMT: +10
FMT: +35
EFMT: +38
Total: -37, +4, -52
7/21/2011
7/19/2011
7/18/2011
7/15/2011
July 15th
No trade yesterday...
Baaaad day today...
Fast FMT: -40
FMT: -40
EFMT: -38
Total: -87, -138, -177
Baaaad day today...
Fast FMT: -40
FMT: -40
EFMT: -38
Total: -87, -138, -177
7/13/2011
July 13th
no trade today
only one of my long time trades closed... and positive:)
(discussed here http://www.forexfactory.com/showthread.php?t=301469 )
only one of my long time trades closed... and positive:)
(discussed here http://www.forexfactory.com/showthread.php?t=301469 )
7/12/2011
July 12th
The trailing SL got hit by a pip or two:( and then it went all the way down... well, at least there are no losers:)
Fast FMT: +10
FMT: +3
EFMT: +2
Total: -47, -98, -139
Fast FMT: +10
FMT: +3
EFMT: +2
Total: -47, -98, -139
7/11/2011
7/10/2011
July 8th
Friday was a bad day... but after the winners before that, I am happy with the week.
Fast FMT: -34 (I lowered the risk on all trades after a spike a little)
FMT: -34
EFMT: -34
Total: -67, -136, -179
Fast FMT: -34 (I lowered the risk on all trades after a spike a little)
FMT: -34
EFMT: -34
Total: -67, -136, -179
7/07/2011
July 7th
No trade yesterday...
Today winners again:) Three in a row!
Fast FMT: +11 (I couldn't even set my TP how fast the market moved so closed the trade manually)
FMT: +35
EFMT: +9 (my TP missed by 1 pip!:( )
Total: -33, -102, -145
Today winners again:) Three in a row!
Fast FMT: +11 (I couldn't even set my TP how fast the market moved so closed the trade manually)
FMT: +35
EFMT: +9 (my TP missed by 1 pip!:( )
Total: -33, -102, -145
7/05/2011
7/04/2011
7/01/2011
July 1st
Fast FMT: +10
FMT: +6 (trailing stop)
EFMT: +4 (trailing stop)
Total: -64, -207, -230
This way the losses will never be beaten by the winners... :(
FMT: +6 (trailing stop)
EFMT: +4 (trailing stop)
Total: -64, -207, -230
This way the losses will never be beaten by the winners... :(
6/30/2011
June 30th
Misery with FMT continues...
Yesterday NO TRADE...
Today (I moved my SL a bit after few hours - fortunatelly):
Fast FMT: -34
FMT: -35
EFMT: -35
Total: -74, -213, -234 after more than 2 months...:(((
Yesterday NO TRADE...
Today (I moved my SL a bit after few hours - fortunatelly):
Fast FMT: -34
FMT: -35
EFMT: -35
Total: -74, -213, -234 after more than 2 months...:(((
6/28/2011
June 28th
Fast FMT: +10
FMT: +1
EFMT: 0
Total: -40, -178, -199
I am starting to doubt this system...:( I have been trading it two months already and am still in negative numbers. I will give it another month and we will see...
FMT: +1
EFMT: 0
Total: -40, -178, -199
I am starting to doubt this system...:( I have been trading it two months already and am still in negative numbers. I will give it another month and we will see...
6/27/2011
June 27th
Another bad day... losing times continue...:( At least I lowered the risk after the spike up a little.
Fast FMT: +10
FMT: -37
EFMT: -36
Total: -50, -179, -199
Fast FMT: +10
FMT: -37
EFMT: -36
Total: -50, -179, -199
6/24/2011
June 24th
Not even 10 pips in the direction of the indicators:(
Fast FMT: -40
FMT: -40
EFMT: -38
Total: -60, -142, -163
Fast FMT: -40
FMT: -40
EFMT: -38
Total: -60, -142, -163
6/23/2011
June 23rd
I had to close my notebook for a few hours and maybe it saved my TS from being hit ...
Fast FMT: +10
FMT: +35
EFMT: +38
Total: -20, -102, -125
Fast FMT: +10
FMT: +35
EFMT: +38
Total: -20, -102, -125
6/22/2011
6/21/2011
June 20th
When I saw the price moving up and down all the time I lowered the risk a little... and it was a good move...
Fast FMT: +10
FMT: -31
EFMT: -31
Total: Fast FMT -40, FMT -97, EFMT -125
It starts to be a little frustrating...
Fast FMT: +10
FMT: -31
EFMT: -31
Total: Fast FMT -40, FMT -97, EFMT -125
It starts to be a little frustrating...
6/17/2011
6/16/2011
June 16th
From one side today was a good day because there were no losses, on the other side, I am kinda mad that the trailing stop got hit, because again, the TP was reached after that...:(
Fast FMT: +10
FMT: +4 (I entered too early so the price differed from EFMT and Fast FMT)
EFMT: +9
Total: Fast FMT -60, FMT -26, EFMT -56
Fast FMT: +10
FMT: +4 (I entered too early so the price differed from EFMT and Fast FMT)
EFMT: +9
Total: Fast FMT -60, FMT -26, EFMT -56
6/15/2011
June 15th
It looked like the TP will get hit but by a pip or two it didn't:( At least there are no losses:)
Fast FMT: +10
FMT: +8 (1 pip from TP then turned around)
EFMT: +4
Total: Fast FMT -70, FMT -30, EFMT -65
Fast FMT: +10
FMT: +8 (1 pip from TP then turned around)
EFMT: +4
Total: Fast FMT -70, FMT -30, EFMT -65
6/14/2011
June 14th
The day started quite nice but at the end the results are not that good...
Fast FMT: +10
FMT: +2
EFMT: -38
Total: Fast FMT -80, FMT -38, EFMT -69
Fast FMT: +10
FMT: +2
EFMT: -38
Total: Fast FMT -80, FMT -38, EFMT -69
6/13/2011
June 13th
Fast FMT: -10
FMT: -40
EFMT: -38
Total: Fast FMT -90, FMT -40, EFMT -31
Back to negative numbers...:(
FMT: -40
EFMT: -38
Total: Fast FMT -90, FMT -40, EFMT -31
Back to negative numbers...:(
6/10/2011
June 10th
I didn't take a trade today because of the big moves in Asian session - Long candle filter. But I should have... Next time I will trade no matter the size of the candles (and it will be a loss of course!:))))
6/09/2011
6/08/2011
6/07/2011
May 7th
NO FMT trade today...
I started a thread at Forex factory about a free system called Lindencourt daily... It seems interesting and is very easy. My results so far ar very nice...
I started a thread at Forex factory about a free system called Lindencourt daily... It seems interesting and is very easy. My results so far ar very nice...
6/06/2011
6/03/2011
6/02/2011
June 2nd
Fast FMT: +10
FMT: +2
EFMT: -38
Total: Fast FMT -70, FMT -70, EFMT -69
I am beginning to be a little sceptical here...:)
FMT: +2
EFMT: -38
Total: Fast FMT -70, FMT -70, EFMT -69
I am beginning to be a little sceptical here...:)
6/01/2011
Zulutrade
Another month behind me with Zulutrade. The results are great and again, the patience pays off...
First 3 months I tried risky providers and although they give you very nice profit, when the losses come they cannot cope with it. Their risk reward ratio is awfull and they just try to look very good... As stated the last time, it is good to give a SP at least three months to see how he trades. Then you can find a good ones...
June +204 so far
May +1595
April +153
March -680
February -2105
January -1671
First 3 months I tried risky providers and although they give you very nice profit, when the losses come they cannot cope with it. Their risk reward ratio is awfull and they just try to look very good... As stated the last time, it is good to give a SP at least three months to see how he trades. Then you can find a good ones...
June +204 so far
May +1595
April +153
March -680
February -2105
January -1671
5/31/2011
May 31st
Fast FMT: -40
FMT: -40
EFMT: -38
Total: Fast FMT -80, FMT -72, EFMT -31
Probably should have used a long candle filter but I have decided no to... I should have.
FMT: -40
EFMT: -38
Total: Fast FMT -80, FMT -72, EFMT -31
Probably should have used a long candle filter but I have decided no to... I should have.
5/30/2011
5/27/2011
5/26/2011
May 26th
I hung on today and it paid off...:)
Fast FMT: +10
FMT: +35
EFMT: +38
Total: Fast FMT -50, FMT +8, EFMT +45
Fast FMT: +10
FMT: +35
EFMT: +38
Total: Fast FMT -50, FMT +8, EFMT +45
5/25/2011
May 25th
Fast FMT: +10
FMT: +35
EFMT: +7 (TP didn't get hit by 2 pips, so TL did its job)
Total: Fast FMT -60, FMT -27, EFMT +7
FMT: +35
EFMT: +7 (TP didn't get hit by 2 pips, so TL did its job)
Total: Fast FMT -60, FMT -27, EFMT +7
5/24/2011
5/23/2011
May 23rd
FMT: no trade
Instatrade platform and FxPro showed no trade today but some other brokers (regarding to the FMT forum) showed short and it was a win... :(
Instatrade platform and FxPro showed no trade today but some other brokers (regarding to the FMT forum) showed short and it was a win... :(
5/20/2011
5/19/2011
5/18/2011
May 18th
FMT: -40 pips
Fast FMT: +10 pips
Total: FMT -132 pips, Fast FMT -90 pips
I will start trading the system with setting 38 SL, 38 TP, 27 pips TS as well... Let's see how it goes with better risk reward ratio... All with 2% risk
Fast FMT: +10 pips
Total: FMT -132 pips, Fast FMT -90 pips
I will start trading the system with setting 38 SL, 38 TP, 27 pips TS as well... Let's see how it goes with better risk reward ratio... All with 2% risk
5/17/2011
5/16/2011
5/15/2011
May 13th
FMT: -40 pips
Fast FMT: -40 pips
Total: FMT -52 pips, Fast FMT -60 pips
It was a black Friday 13th for me... I traded only 2% the FMT and it was a good move. I will continue with 2% just to stay more conservative.
I had an amateur day though in my own trading. Was trying to "catch the falling knife" like some say. Just a lot of stupid mistakes and also a little bit of bad luck with two trades hitting my SL exactly on pip and then turning and hitting my TP... well, trading is not easy and I have stay calm. Tomorrow back to work:)
At least 24 USD back from Cashbackforex made me happier...:) That is money for a week of trading and I am trading only microlots. I am looking forward to have a bigger account.
On Zulutrade I took some more Signal Providers out to stay only with the conservative ones. Now I am down to 9 providers, all of them I trade with only microlots (except for one that is trading strategy similar to FMT and has low SL). There are 4 Signal Providers I would recommend. I have traded with all of them for at least 2 months, with Mercury for 3 months. All of them stick to their strategy, have a strick stop losses and I have a profit from trading with them. With Mercury it took me 2 months to get positive but he says that in his strategy description... Here are the 4 that I can recommend:
Mercury FX, FX Combo, FOREXTECHNO - [EURUSD_LT] , FOREXTECHNO - [SYSTEM_A]
There are others I use but it is not long enough to recommend them...
Fast FMT: -40 pips
Total: FMT -52 pips, Fast FMT -60 pips
It was a black Friday 13th for me... I traded only 2% the FMT and it was a good move. I will continue with 2% just to stay more conservative.
I had an amateur day though in my own trading. Was trying to "catch the falling knife" like some say. Just a lot of stupid mistakes and also a little bit of bad luck with two trades hitting my SL exactly on pip and then turning and hitting my TP... well, trading is not easy and I have stay calm. Tomorrow back to work:)
At least 24 USD back from Cashbackforex made me happier...:) That is money for a week of trading and I am trading only microlots. I am looking forward to have a bigger account.
On Zulutrade I took some more Signal Providers out to stay only with the conservative ones. Now I am down to 9 providers, all of them I trade with only microlots (except for one that is trading strategy similar to FMT and has low SL). There are 4 Signal Providers I would recommend. I have traded with all of them for at least 2 months, with Mercury for 3 months. All of them stick to their strategy, have a strick stop losses and I have a profit from trading with them. With Mercury it took me 2 months to get positive but he says that in his strategy description... Here are the 4 that I can recommend:
Mercury FX, FX Combo, FOREXTECHNO - [EURUSD_LT] , FOREXTECHNO - [SYSTEM_A]
There are others I use but it is not long enough to recommend them...
5/12/2011
5/11/2011
5/10/2011
5/09/2011
5/07/2011
May 6th
FMT: +35 pips
Fast FMT: +10 pips
My notebook was off today in the morning so the trailing stop did not work, therefore I get a full win, otherwise I would have only a few pips. Sometimes we have a good luck:)
Total: FMT -7 pips, Fast FMT +10 pips
Fast FMT: +10 pips
My notebook was off today in the morning so the trailing stop did not work, therefore I get a full win, otherwise I would have only a few pips. Sometimes we have a good luck:)
Total: FMT -7 pips, Fast FMT +10 pips
5/05/2011
5/04/2011
May 4th
FMT: +2 pips
Fast FMT: +10 pips
Total: -42 pips, Fast FMT 0 pips
So far the FMT works OK. My trading is going better, but it is more work and much more screen time...:)
Here are my today's trades and one trade that I have just opened - again, it is a withthetrend trade, entered because of support (now resistance) at 0.86 level. SL 25 pips, TP 56.
UPDATE: this trade hit the SL, so I entered short again...
Fast FMT: +10 pips
Total: -42 pips, Fast FMT 0 pips
So far the FMT works OK. My trading is going better, but it is more work and much more screen time...:)
Here are my today's trades and one trade that I have just opened - again, it is a withthetrend trade, entered because of support (now resistance) at 0.86 level. SL 25 pips, TP 56.
UPDATE: this trade hit the SL, so I entered short again...
5/03/2011
GBPUSD
One trader asked me about my opinion on GBPUSD recently... The long time trend is long (on weekly), but we have had a nice price action from historic resistance...
If you shorted yesterday, you could have made a nice profit (or still are in a nicely positive trade). But for me, I dont see a good oportunity now, I mean I dont know where we are going now, because when we look at 4hr chart, there is confluence of 100 MA, 50 Fib and a quite strong support (used to be a resistance), so I am not sure if it will go further down... If the price breaks the 1.64 level and then retest it, I would go short, with TP of around 1.62 or so... But we would have enter on retest to have a good risk to reward ratio.
If you shorted yesterday, you could have made a nice profit (or still are in a nicely positive trade). But for me, I dont see a good oportunity now, I mean I dont know where we are going now, because when we look at 4hr chart, there is confluence of 100 MA, 50 Fib and a quite strong support (used to be a resistance), so I am not sure if it will go further down... If the price breaks the 1.64 level and then retest it, I would go short, with TP of around 1.62 or so... But we would have enter on retest to have a good risk to reward ratio.
4/29/2011
April 29th
I did not trade FMT today, nor Fast FMT because of the holiday in UK. I will stay away from trading of this system till Tuesday...
However I have had a pretty good day trading my system today... I managed to recover all losses from yesterday and even make some more pips. Also all 3 trades that are still open have already some pips secured, so I consider this a winning week:)
I will post here some of the trades, maybe some of you can find something interesting for yourself in it...
This system obviously doesnt work every time. Sometimes I get in too early... But as long as I keep my winning percentage at least around 50%, I will make profit, because the winners are bigger than the losers...
Have a nice weekend:)
However I have had a pretty good day trading my system today... I managed to recover all losses from yesterday and even make some more pips. Also all 3 trades that are still open have already some pips secured, so I consider this a winning week:)
I will post here some of the trades, maybe some of you can find something interesting for yourself in it...
This system obviously doesnt work every time. Sometimes I get in too early... But as long as I keep my winning percentage at least around 50%, I will make profit, because the winners are bigger than the losers...
Have a nice weekend:)
4/28/2011
April 28th
FMT and Fast FMT no trades today...
In my trading I have a second day in a row with more losses, but it just normal way trading goes. The account is still not connected to Myfxbook, dont know why. I have already written an email to the support...
In my trading I have a second day in a row with more losses, but it just normal way trading goes. The account is still not connected to Myfxbook, dont know why. I have already written an email to the support...
4/27/2011
4/26/2011
Today's trades
I have had some nice trades today on my new account:) Because my trading is more about discretion than strictly looking for some indicator to cross or pop up, here are some examples... Here is also my statement. Firstly I had some small losers but I didn't give up and then the patience paid off.
and the trades...
... hope it makes things more clear :)
I just closed the second trade on usdchf two pips before hitting the TP (it went down 10 sec after I closed it so I should have waited but still very nice profit:)).
and the trades...
... hope it makes things more clear :)
I just closed the second trade on usdchf two pips before hitting the TP (it went down 10 sec after I closed it so I should have waited but still very nice profit:)).
Change of broker
Hi fellow traders:)
I am moving to from FxClearing (my trading) and FxPro (Morning Forex) to InstaForex. The reason is that their accounts have annual interest rate 13% (yes, really!!!) and also if you open the account through Cashback forex you get 1,3 pip rebate back... That means quite a significant money back for your trading.
I traded Morning forex for the first time today (due to Easter holiday I skipped Friday and Monday) with result of -40 pips on standard MFT and +10 pips on the other method (SL 40, TP 10 pips)... Looking forward to see how it works:) I will trade every day with 5% of my account and will try to update the results also every day...
My trading without a change. I will connect my account to Myfxbook to have a proof:)
I am moving to from FxClearing (my trading) and FxPro (Morning Forex) to InstaForex. The reason is that their accounts have annual interest rate 13% (yes, really!!!) and also if you open the account through Cashback forex you get 1,3 pip rebate back... That means quite a significant money back for your trading.
I traded Morning forex for the first time today (due to Easter holiday I skipped Friday and Monday) with result of -40 pips on standard MFT and +10 pips on the other method (SL 40, TP 10 pips)... Looking forward to see how it works:) I will trade every day with 5% of my account and will try to update the results also every day...
My trading without a change. I will connect my account to Myfxbook to have a proof:)
4/21/2011
Update April 21st
I finally have a free evening to write some more info about my recent trading status:)
I will start trading Forex Morning Trade tomorrow. I backtested it for some time and it is very easy to set and has very nice profitability. I will trade it on my FxPro account, which I opened through Cashbackforex web to receive some money back...
On my Zulutrade account I went through some tough experience gaining... Margin call:( I lost 400 USD, my account went down to 330 USD. So I added 250 USD and erased all risky providers, also placing hard SL to every Signal provider I use. Since then, I am gaining very nicely. My problem is to stay calm and not try to add risky providers. I promise to myself here that I will not be greedy again!:)
My own trading is going pretty well. I left long timeframe because I realized I am too impatient:) I look at 4hr or 1hr chart but mostly trade on 15 min charts. What I look for is price action, support and resistance, trends... here is an example of my todays trade on UJ. My SL is usually 20-30 pips, TP around 50. So far I have 50% of winners from 259 trades, my winners are bigger than losers though. The overall stats is on Myfxbook on the right side of my blog. I always risk 2-6% of my account...
I will start trading Forex Morning Trade tomorrow. I backtested it for some time and it is very easy to set and has very nice profitability. I will trade it on my FxPro account, which I opened through Cashbackforex web to receive some money back...
On my Zulutrade account I went through some tough experience gaining... Margin call:( I lost 400 USD, my account went down to 330 USD. So I added 250 USD and erased all risky providers, also placing hard SL to every Signal provider I use. Since then, I am gaining very nicely. My problem is to stay calm and not try to add risky providers. I promise to myself here that I will not be greedy again!:)
My own trading is going pretty well. I left long timeframe because I realized I am too impatient:) I look at 4hr or 1hr chart but mostly trade on 15 min charts. What I look for is price action, support and resistance, trends... here is an example of my todays trade on UJ. My SL is usually 20-30 pips, TP around 50. So far I have 50% of winners from 259 trades, my winners are bigger than losers though. The overall stats is on Myfxbook on the right side of my blog. I always risk 2-6% of my account...
3/27/2011
Results March 27th
This week was quite positive in my trading. Only in one trade on GU when I forgot to set my TP and had to leave my office and the trade of course hit it but then turned and hit my SL. Other than that, I was quite happy:)
My trading is based on price action around certain levels. Usually I look for previous resistance or support and watch what happens around that level. The TP is always bigger than the SL (usually 2:1, sometimes more, sometimes less). Right from start of this week I am looking forward to go long on GU. The price got rejected from 1.60 level like many times in history (nice support on daily chart). The TP could be around 1.6250 or so... Will see...
On my Zulu account, I experienced some drawdown but most of the pips in March are already back... I will give every provider that I test 3 months to show his/her skills and then decide if I keep him or not... So far I am +3353 pips in March, -422 overall from January 25th.
My trading is based on price action around certain levels. Usually I look for previous resistance or support and watch what happens around that level. The TP is always bigger than the SL (usually 2:1, sometimes more, sometimes less). Right from start of this week I am looking forward to go long on GU. The price got rejected from 1.60 level like many times in history (nice support on daily chart). The TP could be around 1.6250 or so... Will see...
On my Zulu account, I experienced some drawdown but most of the pips in March are already back... I will give every provider that I test 3 months to show his/her skills and then decide if I keep him or not... So far I am +3353 pips in March, -422 overall from January 25th.
3/20/2011
March 20th 2011 summary
My trading was a bit unlucky this week. There were at least 4 trades where my SL got hit by a few pips and then the price reached my TP... well, that is how it goes in trading and I need more practice (and move my SL a little further:)). Next week ahead!
Trading with Zulu is another chapter these days. The results are awesome!:) I have erased all losses since the start and March is +3.870 pips so far...
Trading with Zulu is another chapter these days. The results are awesome!:) I have erased all losses since the start and March is +3.870 pips so far...
3/15/2011
3/13/2011
Zulutrade
I started on January 18th. I made a mistake with two signal providers that didn't have history and they made me lose around 1200 pips... Then a bad setting of SL made me lose another 600 pips. Since half of February I think I have everything set properly and choose only providers with good history. Of course I trade only microlots and I will stay with it for some months until I learn more. I believe if I won't be greedy I can build my account up a little:) will see...
My results so far:
March +1546
February -2104
January -1671
I will keep the results updated.
My results so far:
March +1546
February -2104
January -1671
I will keep the results updated.
3/12/2011
Hard week
One of the bad weeks is behind me. As a regular novice in trading, I got whipsawed in several trades, taken out by a few pips and then to get me angry, the markets turned my way of course...Here are two examples:
and the other one...
The learning process continues... Discipline, discipline, discipline...
and the other one...
The learning process continues... Discipline, discipline, discipline...
3/09/2011
Trades closed
Both EURUSD and GBPUSD turned into a small losses. GU trade was nicely in green and I should have taken at least some profit. I lowered the original SL, but that is not satisfaction for me in this case (it was 50 pips up), also my SL got hit exactly on pip and if it doesn't go up more, I will be quite unhappy:). Level 1.62 seems to be holding so far...
EU returned to the horizontal support and uptrendline support and is moving in 1.39 and 1.3850 channel... lets see what happens...
EU returned to the horizontal support and uptrendline support and is moving in 1.39 and 1.3850 channel... lets see what happens...
3/08/2011
March 8th trades - vol. II :)
this is the price action on EU I was looking for:) so I am long...
NZDUSD - kicked out by 1 pip, but this seems that there will be a trial to jump out of the downward channel
USDJPY trade got stopped out by 2 pips as well... it looks it may come back down, lets look for some price action again... I placed a sell stop order, reason double top, overalldown trend, rejection of 50 Fib. SL 25 pips, TP 57 pips...
NZDUSD - kicked out by 1 pip, but this seems that there will be a trial to jump out of the downward channel
USDJPY trade got stopped out by 2 pips as well... it looks it may come back down, lets look for some price action again... I placed a sell stop order, reason double top, overalldown trend, rejection of 50 Fib. SL 25 pips, TP 57 pips...
March 8th trade
I have another trade open, it is GBPUSD short, 1.63 got rejected strongly (also previous high is respected resistance now) and upward trendline got broken. I expect a move down to 1.61. My SL is 35 pips, TP 69 pips...
The UJ trade is still open, right now -14 pips (actual candle looks good - pinbar if it finishes like this...)
UPDATE - 20 minutes later it looks much worse so this will probably end up as a loss
These are two trades I expect soon:
NZDUSD short - 38.2 and 61.8 Fibs rejected, overall downtrend - waiting for price action directing down
UPDATE - sold at 7378, SL 35 pips, TP 73 pips (7305)
EURUSD long - overall uptrend, uptrendline close, horizontal trendline close, 1.39 level close... waiting for a price action on 1hr chart directing up...
The UJ trade is still open, right now -14 pips (actual candle looks good - pinbar if it finishes like this...)
UPDATE - 20 minutes later it looks much worse so this will probably end up as a loss
These are two trades I expect soon:
NZDUSD short - 38.2 and 61.8 Fibs rejected, overall downtrend - waiting for price action directing down
UPDATE - sold at 7378, SL 35 pips, TP 73 pips (7305)
EURUSD long - overall uptrend, uptrendline close, horizontal trendline close, 1.39 level close... waiting for a price action on 1hr chart directing up...
3/07/2011
New trade
I just entered USDJPY short. Reason: confluence of pinbar, uper trendline rejection, 50 and 38.2 Fib rejection... SL 50 pips, TP 107
3/04/2011
Weekly recap
So... the two trades I had opened hit nicely their Profit target which means +205 pips...
All trades are now closed so lets hit the weekend:)
All my trades so far...
All trades are now closed so lets hit the weekend:)
All my trades so far...
3/03/2011
Open trades...
Today there were 3 small losses in my system... But I believe in two trades in green so far...
EURUSD
NZDUSD
as of now +117 pips
EURUSD
NZDUSD
as of now +117 pips
3/02/2011
End of trading of 1MD
Because I wasn't able to trade 1 minute daily for last few days and it seems that this will not change in next few months due to lack of time in the morning, I decided not to continue trading 1 MD for some time. Maybe forever but I cannot say that for sure now... I am still testing Forex Morning trade, have some money on Zulu and also I trade by myself, mostly price action. My trades will be possible to see on myFxbook (icon with the chart on the right). I am trading 4HR and daily charts mostly. No indicators, only trendlines and price action (sometimes Fibonachi):)
Here is an example:
...and a trade I am in now...
...and similar trade ...
and here are my results so far... I am trading only microlots of course, testing phase:)
Here is an example:
...and a trade I am in now...
...and similar trade ...
and here are my results so far... I am trading only microlots of course, testing phase:)
2/21/2011
Ugly February... so far
February is not very nice to 1MD... GU 10 wins, 7 losses, two days in a row with 2 losses every day. UJ did even worse, 6 wins, 12 losses (!!!), which is really BAD. I received a reply from the creators that says that GU is in a big DD but UJ holds the equity... That is not really true these days...:(
Cashback Forex works nicely, I have already received money to my Paypal account for my trades done through them:) Zulutrade is in a testing phase, I am trying a few signal providers...
Cashback Forex works nicely, I have already received money to my Paypal account for my trades done through them:) Zulutrade is in a testing phase, I am trying a few signal providers...
2/12/2011
My plan of trading for the year 2011
Hi guys,
year 2010 was like a big seesaw. I was on the top, up at around 2700-2800 USD, but finished down to almost the sum I invested, 170 USD. The reason why I could not keep the great results was a big risk percentage I used and also I think the system 1MD didnt have very good second half of the year... I still think the system can work when we lower our risk. One thing that comes upon my mind is support. I wrote an email to them like a month ago but received no reply. I asked about the results, if they have the same or not and what should be possibly changed in trading 1MD... Will see if anything comes back...
So I will continue to trade 1 minute daily with my little change (I move my SL and TP one pip in my favour every time I trade). I will stay with my risk of 10% per trade till I get my capital up to 1-2k, will have to consider that... Sooner or later I want to start trading the Forex morning trade because it is similar to 1 MD.
Also I wil keep using the Cashback forex site that works great for me... It is not bad to get money back for trading:).
And one last thing I have been trying for a few weeks now is Zulutrade site. I used to lose some money there but now it is possible to trade micro lots which is fine to find the right signal providers. I will let you know how I do if you want...
year 2010 was like a big seesaw. I was on the top, up at around 2700-2800 USD, but finished down to almost the sum I invested, 170 USD. The reason why I could not keep the great results was a big risk percentage I used and also I think the system 1MD didnt have very good second half of the year... I still think the system can work when we lower our risk. One thing that comes upon my mind is support. I wrote an email to them like a month ago but received no reply. I asked about the results, if they have the same or not and what should be possibly changed in trading 1MD... Will see if anything comes back...
So I will continue to trade 1 minute daily with my little change (I move my SL and TP one pip in my favour every time I trade). I will stay with my risk of 10% per trade till I get my capital up to 1-2k, will have to consider that... Sooner or later I want to start trading the Forex morning trade because it is similar to 1 MD.
Also I wil keep using the Cashback forex site that works great for me... It is not bad to get money back for trading:).
And one last thing I have been trying for a few weeks now is Zulutrade site. I used to lose some money there but now it is possible to trade micro lots which is fine to find the right signal providers. I will let you know how I do if you want...
2/10/2011
Lets keep moving... next year ahead
Hi guys,
the sad stuff is behind us, we have to move on... The time will help...
I have been trading lately with neutral results, this weekend I will write my results and plans for the year 2011.
Till then, take care!
the sad stuff is behind us, we have to move on... The time will help...
I have been trading lately with neutral results, this weekend I will write my results and plans for the year 2011.
Till then, take care!
1/28/2011
Very sad begining of the year
1MD was not giving us very good results lately... But to realize that money is not everything in our lives, my family got struck by the most sad thing that can happen. My stepdad died very suddenly after appendix operation. Yes, after that simple operation. Doctors underestimated his health condition and didnt order antibiotics even after several days of feaver. Then he got total sepsis and everything went very quickly. He was 58 and absolutely healthly man. This is a hard time for us...
I wil come back to trading in a week or so...
Take care everybody and enjoy your life!
I wil come back to trading in a week or so...
Take care everybody and enjoy your life!
1/21/2011
January - first days
Sadly, 1 MD is not giving me very good results in January. It is also due to another series of bad luck when I wasnt at my comp to take winners but of course all losers or even double losers were mine to take 100%. Well, that happens... I still believe in this system though it has some serious drawdown periods... If you gyus could share your ideas or results here in comments, I would appreciate it!
Last few days when traded properly... The results are ugly on both pairs
Last few days when traded properly... The results are ugly on both pairs
1/02/2011
Happy new year!
Hi guys,
I wish all of you happy new year and a lot of success in your personal, proffesional and trading life:)
Tommorow I will start trading the 1MD again, I stayed out for the Christmas holiday. I hope we can get some good trades!
I wish all of you happy new year and a lot of success in your personal, proffesional and trading life:)
Tommorow I will start trading the 1MD again, I stayed out for the Christmas holiday. I hope we can get some good trades!
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