Monday, 30 March 2015

well its monday and everything went alright today. the trade i left least friday made 3k along with some others i made today. here is my balance. i havent lost anything yet. mo

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.
can you see the idea. the double bottom is one of the most reliabe trade setups ever. here we are back to wining ways  lets see how this one pans out. a lot size of 4 is very high(400,000). but confidence is key.

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.