Monday, March 2, 2009

some shorts some longs

Well, to make my balance right i had to open positions so the balance be 700$ instead of 676$

so closed the last sell trade from last post for +17 pips
account balance is now 700USD

now for today's trade
buy 1.2601 tp 1.2651 looking for 50 pips
the next trade will be:
Sell 1.2586 tp 1.2502 for 50 pips

damn that should be right :)

see ya next post

Daggerfx

Sunday, March 1, 2009

first trade started last week

well here is my first trade i started
sold from 1.2632

TP 50 pips

Balance 676

this trade still open

as i said before i don't use stop loss so if the price went 676 pips against me i will loss the account


good luck to me :)

Hi and Welcome To My Forex journey To Million

Hello All

this is the first post in this blog which i will post my journey to a million trading forex market. The starting balance will be 676.00 USD and the end will be to a million USA dollars.

I have a dream and a challenge to make for my self and that is to make a million dollars in forex market.
I lost around 15K in forex and its payback time.

My strategy is to take the profits when its reach 50 pips. and for each 1000 dollars will add 1 more lot. There will be NO STOP LOSS may some time the trend go against me to blow my account but still I will hold to my positions.
So the more I have in my account the more I can afford the trend to go against me.
Will in the end its can go against me not more then 8000 pips as the lowest was so far when euro started 0.800 and highest was 1.600

some times i will let it go against me for 1000 pips but maybe i will close it manually.
some trades ends in 15 minutes and some will last maybe for 1 month.

lot size and strategy
i will change lot size some times for safer trading

Example:

balance 600
lot 1
TP 50

balance 2000
lot 2
TP 50

Balance 10000
lot 10
TP 50
and so on....

hill ya I will do this no matter what time its takes

THIS IS MY journey AND TRADE SO DON"T FOLLOW ME
I DON"T CARE IF YOU LOST YOUR MONEY