28 Levels to 10k...
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Thread: 28 Levels to 10k...

  1. #1
    Efex's thread has inspired me to give the 28 level program a go. I plan on swing trading, therefore it will be intriguing to see how this manner of trading will work with this egy. I also think a little friendly rivalry will help us equally. I'm likely to begin at level 8 with $70, so it won't be head to head, but it will be fun. I plan on posting once daily at the conclusion of the trading day, and for me is 17:00 EST..

    So, without further ado...

  2. #2
    I follow Efex's Journal also, So it will be interesting to see how you get on with the swing trading. Best of luck!

  3. #3
    Efex's journal is certainly inspirational....interested to observe where swing trading lands you.

  4. #4
    I'm honored to see my thread has inspired other men and women.
    I'm also happy to see your journal using this plan.
    I will follow along with attention and let us see how the plan behaves together with our trading methods.
    I expect we both complete the plan in order the end we will
    Wish you best of luck!

  5. #5
    28 Amounts to 10k
    Day 1

    Sold 2 lots GBP/USD @ 1.9034
    Equity: $76.86
    Current level: 8
    Pips to next level: 66

    I'd usually wait until 17:00 EST to make this article, but it is Friday and I could not ch the break of 1.90. So as of 15:00 EST that is where my equity is different, as well as the amount of pips gained up to now, as I expect price is not likely to move much more at this time. So, I am gont hold the place over the weekend, and hopefully there will be a break of 1.90 next week.
    lt;! -- / message -

  6. #6
    Your gonna shed pips from premiums holding the place....do you factor those in in your measures?

  7. #7
    Quote Originally Posted by ;
    Your gont shed pips from premiums holding the place....do you factor these in on your steps?
    No, I am not likely to factor in premiums for the sake of simplicity. However in this case I should obtain a small amount of money for holding a short position with this pair.

  8. #8
    Quote Originally Posted by ;
    28 Levels to 10k
    Day 1

    Sold 2 lots GBP/USD @ 1.9034
    Equity: $76.86
    Current level: 8
    Pips to next level: 66

    I would typically wait till 17:00 EST to make this article, but it is Friday and I could not get the rest of 1.90. As of 15:00 EST this is where my equity is different, in addition to the number of pips obtained so far, as I hope price is not going to proceed far longer at this time. So, I am gont hold the place over the weekend, and hopefully there will be a rest of 1.90 next week.
    lt;! -- / message -
    Looking at the daily charts appears as the most probable move.
    I think you will have a winning there. Perhaps a major winner for 200 pips at least if you hold it a day or two.
    Perhaps when I have more equity I really could enter modest lots on swing transactions but right now I simply can't manage it

  9. #9
    Quote Originally Posted by ;
    28 Levels to 10k
    Day 1

    Sold 2 lots GBP/USD @ 1.9034
    Equity: $76.86
    Current level: 8
    Pips to second level: 66

    I would usually wait until 17:00 EST to produce this article, but it's Friday and I couldn't get the rest of 1.90. As of 15:00 EST this is really where my equity is different, in addition to the number of pips obtained up to now, as I hope price is not likely to move much more at this stage. So, I'm gonna hold the position over the weekend, and hopefully there will be a rest of 1.90 next week.
    lt;! -- / message -
    Keep it up! I will watch this experiment carefully!

  10. #10
    LEVEL DOWN!!!

    I chose to post early since I won't get a opportunity to later.

    I actually lost money now. Didn't stick with the script and paid the price. I just need one pip to return to level 8, hopefully I'll find that from the end of now. I don't have any idea what's going to happen alongside cable. Technically it must be moving down, fundamentally it should be moving up.
    I guess I'll just have to wait and watch.

    28 Levels to 10k
    Day 3

    Currently short 2 lots GBP/USD @ 1.9025
    Equity: $68.90
    Current level: 7
    Pips to next level: 1

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