Bought NZDJPY @ 63.797
Sold EURCAD @ 1.55800
Showing posts with label Journey to $1 Million. Show all posts
Showing posts with label Journey to $1 Million. Show all posts
Sold USDCAD @1.10781
Sold GBPCHF @ 1.76776
Sold CADCHF @ 0.95339
Sold USDJPY @98.39, possible retracement.
EDIT: Bought GBPCAD @ 1.7863
well, it happens, all 3 trades turned out to be losers.
exited the long USDCHF because it was not in my best interest to stay any longer, as the currency pair started moving heavily against me.
exited EURUSD because the currency pair started moving heavily against me
exited NZDCHF for the same reason.
It sometimes happen that your system gives you a couple of losing trades in a row. The idea is not to lose faith in the system, stick with it and be disciplined and follow you rules.
Current balance: $760.18
Entered long USDCHF at 1.0731: candles making higher highs, Psar below candle:
Shorted the EURUSD at 1.41188: candles making lower lows, Psar above candle:
Entered long EURNZD at 2.19140: candle turned white, Psar below candle
From now on I will be posting trades as I take them in real time
I saw an opportunity in EURGBP and sold @ 0.8727. Heiken Ashi candle was red, Psar was above candle.
I exited when the candle was close to support and forming a doji, at 0.8627
I made 100 pips on this trade.
Another trade I took was on the GBPCHF. I bought at 1.7285, the candle was white, Psar was below candle:
I exited when candle was close to resistance, at 1.7575.
I made 290 pips on this trade
I also traded the GBPAUD today.
I bought at 2.0346, seeing an opportunity to go long, however after a few hours the price started to retrace heavily, and i closed the trade at 2.0233, thus losing 113 pips.
Total pip count for today: 100+290-113=277 pips
Capital: 798.86
A while ago, I posted here , that Deltastock was offering 100% bonus on first deposit. So, i decided to open a new account at this broker and bring this account to $ 1 million dollars trading forex.
How much time will it take me ?
I don't know, to be honest. A couple of years.
How do you plan to do this ?
Well, at first i planned to invest $500, so i would have $1000, but i ended up depositing $384, so my account is now $768(because of the 100% bonus).
Of course, I do not plan to turn these $768 in $1 million, I will keep on depositing money on a regular basis, at least in the first year.
My action plan for the first year(June 2009 - July 2010) is as follows:
Month | Capital | Pip Value | Target Profit(capital) | Actual Profit | Additional Capital |
| June | $768 | $0.1 | $100(868) | $200 | |
| July | $1045 | $0.1 | $100(1145) | $300 | |
| August | $1445 | $0.1 | $100(1545) | $400 | |
| September | $1945 | $0.2 | $200(2145) | $500 | |
| October | $2645 | $0.2 | $200(2845) | $500 | |
| November | $3345 | $0.3 | $300(3645) | $500 | |
| December | $4145 | $0.3 | $300(4445) | - | |
| January | $4445 | $0.3 | $300(4745) | $200 | |
| February | $4945 | $0.5 | $500(5445) | $500 | |
| March | $5945 | $0.5 | $500(6445) | $500 | |
| April | $6945 | $0.6 | $600(7545) | $500 | |
| May | $8045 | $0.7 | $700(8745) | $500 | |
| June | $9245 | $0.8 | $800(10045) |
Every month, except for December, I will invest additional capital
My target goal is 1000 pips per month
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