Bullish behavior, entered this trade solely on the bullishness momentum on the market. $1000 closer to the goal
Thursday, 30 April 2015
Wednesday, 29 April 2015
well this is an experience. in this speculation game it does not pay to be right or wrong, those are nothing but perspectives. i lost 3,000 and what sounds logical is stand my ground and wait for the market to move into my direction. i am no institution!!. so i figured the bearish momentum was on and i decided to sell and even doubled my lot size. this saw me recoup my 3,000 and earn a tidy profit of 1900. its now at 24,000. the struggle continues.
Friday, 17 April 2015
today. 1,000 made today. left the trade too early. but got back in. i will let this run over into the weekend. hopefully when the market opens on monday and people see into the bullishness they will buy more lifting the market up and most importantly more pips for me. This trade started on the losing side sice the market always has to test the gap. could have left a loser but for those who know trends. they do take time. look at that bar all in under ten minutes the pair rocketed.
am happy to bag my profit and go home. for the weekend. The goal is to hit 40,000 by end next week.
This week am back to learning more about all this and just like the wise men say. formal education will give you a living while self education will make you a fortune.
am happy to bag my profit and go home. for the weekend. The goal is to hit 40,000 by end next week.
This week am back to learning more about all this and just like the wise men say. formal education will give you a living while self education will make you a fortune.
Wednesday, 1 April 2015
well there is nothing quite dissaapointing like having a winner turn into a loser. well the failure to predefine risk and also profit targets could be seen as both a sign of fear and greed. this particular trade earned 700 pips thats about $1400 with a lot size of 2. only to have it come back to the entry price. take a look.
Monday, 30 March 2015
Friday, 27 March 2015
The bottom is in. see how after all the bears exited the market how the bulls appeared out of nowhere to lift the market. profit taking should ideally be in the next zone. so as the market rises so does my stop loss. my profit target does not move. the trigger is that first inside bar followed by the 3 subsequent bull bars. i am trading on the h4 chart so the lower time frames might seem confusing. note the bars with tails on the lower side indicating buying pressure. there is only one way to go here and that is up.
To start with i have opened a demo account and credited it with 10,000 USD. the idea is that if i can turn this into 100,000usd i can open a live account with my $100 and also turn it to 1,000 , 2000 and so forth. i placed a trade out of the blue to make sure its working and now i am down $237. well i will not give this trade up. i fancy a big win here. i adjust the stop loss and take profit and will leave this one for the weekend. let see how it turns out on monday.
This is a detailed journal of my experience to achieve the CCIE LAB CERTIFICATION. the challenge is to turn $100 into $4000 to meet the hefty exam price and other expenses.
i have looked at several options to do this and have finally settled on forex trading as a means to make it happen. This should be one adventurous journey.
i have looked at several options to do this and have finally settled on forex trading as a means to make it happen. This should be one adventurous journey.
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