Blueshifts Experiment
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Thread: Blueshifts Experiment

  1. #1
    Hey Everybody,


    I just opened an account with FXCM (for the leverage) and I've decided to experiment with a new Platform. I'll be posting my transactions, and accounts, as soon as I shut the transactions. Beginning August, I'll post screenshots of my account report, in the conclusion of every month (will edit out my personal information for anonymity).

    Details of my account:

    Amount Deposited: $300 (the original deposit will be taken away once my account hits $1300)
    Leverage: 1:200
    Lot size: is based on the commerce and my comfort level at that time.
    Pairs exchanged: Largely GBP/USD, but I'll trade whenever an opportunity arises.

    Rules/System:

    1. Never allow your account go below $300. (Not possible the first trade)
    2. Open a situation when all fundamentals point in one direction.
    3. Add to a position, rather than to a one that is loosing.
    4. Basic analysis like support and resistance levels, pivot points and trendlines.


    My egy is to pick the very best possible transactions, which the aim to preverse my deposit. 2 transactions per month is more than enough, but when opportunities arise, I'll get in. I will not care this past year, even though I do not make any transactions. An unbiased return expectation IMO would be approximately 50-60percent a month. Depending on the market conditions, I might decide to go all in on a few transactions.

    Any questions, remarks, suggestions, welcome.

  2. #2
    Best of fortune blueshift,
    I just see one issue. With the first amount you have deposited, I'd recommend micro account (trading 1k lots) and that I really don't think FXCM offers that. I would proceed with fxsol, tradefreedom (Canadian - controlled broker) or even oanda (not sure about them because I was advised by professional traders to stay away).
    Sorry to say this, but trading mini with 300$ is very, very hard, no room for mistakes here. Well, maybe you're the one.lt;? Xml:namespace prefix = o ns = urn:schemas-microsoft-comfficeffice /gt;lt;ogt;lt;/ogt;
    good luck.lt;ogt;lt;/ogt;

    Quote Originally Posted by ;
    Hey Everyone,


    I just opened an account with FXCM (for its leverage) and I have decided to experiment with a new platform. I will be posting all of my trades, and balances, as soon as I close the trades. Beginning August, I will post screenshots of my account report, at the conclusion of every month (will edit my personal details for anonymity).

    Details of my account:

    Amount Deposited: $300 (the initial deposit will be removed once my account hits $1300)
    Leverage: 1:200
    Lot size: is based on the commerce and my comfort level at that time.
    Pairs exchanged: Mostly GBP/USD, but I will exchange whenever an opportunity arises.

    Rules/System:

    1. Never let your account go below $300. (Maybe not possible the first transaction )
    2. Simply open a situation when all fundamentals point in 1 direction.
    3. Simply add to a winning place, rather than into a loosing one.
    4. Fundamental technical analysis like support and resistance levels, pivot points and trendlines.


    My first egy is to pick the very best possible trades, which the intention to preverse my deposit. 2 trades a month is more than sufficient, however when opportunities arise, I will get in. I won't care even though I do not make any trades this year. An impartial return expectation IMO would be approximately 50-60percent a month. Depending on the market conditions, I might even opt to go all in on a few trades.

    Any questions, remarks, suggestions, welcome.

  3. #3
    Quote Originally Posted by ;
    Best of luck,
    I only see one issue. With the initial number you have deposited, I'd recommend micro account (trading 1k lots) and that I don't think FXCM provides that. I would proceed with fxsol, tradefreedom (Canadian - controlled broker) or oanda (not sure about them because I was advised by professional traders to remain away).
    Sorry to say this, but trading mini with 300$ is very, very hard, no room for errors . Well, perhaps you're the one.lt;? Xml:namespace prefix = o ns = urn:schemas-microsoft-comfficeffice /gt;lt;ogt;lt;/ogt;
    good luck.lt;ogt;lt;/ogt;
    Thanks for the reinforcement. Thats my point!!!! I'll only enter a trade when I am absolutely convinced. Oanda was my first option, but I needed more leverage. My goal is to not make any errors. I am not following any cash management rules.



    PS: I actually made 4 trades yesterday (scalping). However, I dont beg na post another 2. You will see them when I place the screenshot. I did it only to get my account balance back around $300 from $298.

  4. #4
    I think your rules require some revision. Some to consider are: What timeframe will you trade? What prevent loss will you use? PM me, and I'll e-mail you a trading plan template. As for one of the rules to trade only when all the fundamentals point in one direction, I think that trying to do so would lead to alot of fruion. Sometimes there are many announcements occuring within close proximity of each other. There are many more annoucements than posted on the forexforum.co.za calendar. You said in a subsequent post that you're trading 4 miniature lots. On a $300 account, that is way too much. I suggest starting out with a.1 lot dimensions, and increase it just when your account size increases up to a certain stage. To learn more about this, I recommend that you read the Larry Willi publiion, long-term Secrets to Short Term Trading. You're setting yourself up for a huge let down to have a goal of not creating any errors. They will be made by you. In Larry Willi publiion, he said his mindset is that he anticipates every trade that he makes to be a loser.

  5. #5
    Quote Originally Posted by ;
    I believe your principles require some revision. A few to consider are: What timeframe will you trade? What prevent loss will you utilize? PM me, and I will email you a trading egy template. As for one of the principles to trade only when all the fundamentals point in 1 direction, I think that attempting to accomplish that would lead to alot of fruion. There are announcements occuring within close proximity of one another. There are many more annoucements than posted on the Currency Market factory calendar. You mentioned in a post that you're trading 4 lots. On a $300 account, that's far too much. I suggest starting out with a.1 lot dimensions, and boost it only when your account size increases up to a certain stage. To learn more about this, I recommend that you browse the Larry Willi publiion, long-term Secrets to Short Term Trading. You're setting yourself up for a huge let down to have a goal of not creating any errors. You may make them. In Larry Willi publiion, he said his mindset is that he expects every trade he makes to be a loser.
    I will be using the 30 min, 1 hr charts. Stop losses will probably be around significant support, resistance levels. When everything is in my favor I trade. 4 minis is a bit too much. I realise . I was just messing around yesterday. I'm currently using only 1 lot. Will increase lot size as account develops. IMO, 0.1 lots is somewhat less. I would really like to find that template. PM sent, with my email address in it.

  6. #6
    Shorted as the session started. Increased from 1 to 3 lots. Last lot is at a profit of 25 pips. Will be watching the 1.8470 mark closely for reversals. I've decided to post my balances at the close of each month, as it's been fluctuating a lot. The following lesson I learnt from my past transactions: be patient, rather than shut a position early, before the tendency compromises.

  7. #7
    Took the long ride up GBP/USD with 1 mini lot, also increased lots after every 40-50 pips.

    Current Balance: $643

  8. #8
    Today I'm going to be extra cautious, and I will make sure I don't lose the profits.

  9. #9
    Traded that the GDP deflator report. Made about 100 pips with 1 mini lot. I wanted to go all in, but the fear of losing profits transports me from doing this.

    Short EUR/USD @ 1.2770. Closed at 1.2737 with 1 mini lot. I was not too sure of my direction, so that I moved in with 1 mini.
    Current Balance: $775.

    When my balance drops back to $300, I'll begin following strict money management principles. Lets see how far I can go without em.

  10. #10
    Quote Originally Posted by ;
    If my balance falls back to $300, I will start following strict money management principles. Lets see just how far I can go without em.
    That totally sounds like me when I first got started trading. Then I blew 2 accounts and got serious. Hopefully it won't take that for you or your luck holds. There's plenty of money in this market for the big boys. They won't miss our share. Happy trading and all the best!

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