Compounding Profit Project into $1000

[ijak]

As a newbie, sometimes i made some losses and made some profits. however my trading account age never reach 3 months or more

so here i opened a journal so i can learn to trade consistantly, compounding my profit, and i hope i can reach $1000

I will deposit $50 challnge my self how long it will last. and try to trade with tight stop loss using m15-h1
Why $50? because this is money that i can afford to lose
and i trade with Tickmill because Tickmill is suitable with what i need : low spreads, accept Fasapay, and low minimum deposit with high leverage.


my trading plan with this money

1. only trade on major, even theoritically all i can trade every instrument that tickmill provided. forex, index, Cfds, metals. but i will stick with majors only.

2.try to put tight stoploss and take profit with healty risk reward ratio

my trading system combine several EMAs , Support Resistance , and candlestick/chart pattern

will post my journal tomorrow.

 

[ijak]

is it me or myfxbook always have errors when i wanna upload my trading history.
Whatever, moved to FXBlue.
http://www.fxblue.com/users/ijak

Got margin called and deposited another $25

Today Open trade

Sell GBPUSD
Sell GBPCHF
Got signals from M5

Reason for Sell GU , Fake confirmations candle on M5, and turn the candle into Continuation signals, RSI break neckline

Reason For sell GBPCHF
Got RSI break signal with m5 , plus confirmations candle pattern

Got around 3-4 pips spread for GBPCHF , and around 1 pips spreads on GBPUSD


Took a peak on news, and whew, china still on New year holiday,

But today , Yellen would have a testimony again , i hope yellen could give us clues about The Feb Policy

Read on some news sections

Lee Hardman, currency analyst at MUFG, expects Brexit risk premium will increase as we move toward a referendum to strengthen the pound weakness and increased volatility.

Excerpt important [/ B]

"Risk Brexit will increasingly dictate the performance of pounds while driving other underlying such expectations BoE policy will only be the event extra. Time referendum is right yet to be decided but it seems likely to be faster after the draft proposal released this week for" a new resolution for the United Kingdom in the European Union " . Draft and they will be discussed in more detail at a special meeting of the European Council on 18 and February 19.

Increased uncertainty regarding the upcoming referendum on the European Union and the downside risks to global growth prospects resulted in view of the more cautious BoE's monetary policy. "



From: FXstreet

 

[ijak]

Updated my Journal, it is hard to reach master trader level
but i must learn and enjoy this process

still have floating order, Sell EURUSD

Reason, look at the rectangle. my reason is , Engulfing on MA, plus candle break out EMA 12 at H4, and entered the market and got 0.2 spreads . very nice

Closed Buy GBPUSD

Entered the market At M5 (and got spreads under 1 pip) because engulfing on MA( look at the rectangle)

and i got good setup for sell at NZDUSD

If NU Closed and stay like this at 12 febuary 2015, 20.00 GMT +7
i will consider to sell NZDUSD

 

[ijak]

This Week High Impact News

Time using GMT+7

Mon 15 Feb :
21:00 : ECB President Draghi Speaks

Tue 16 Feb :
4:45 : NZDRetail Sales q/q
7:30 : AUD Monetary Policy Meeting Minutes
9:00 : NZD Inflation Expectations q/q
Tentative : German Constitutional Court Ruling
16:30 :GBP CPI y/y
17:00 : German ZEW Economic Sentiment
20.30 : Cad Manufacturing Sales m/m
Tentative: NZD GDT Price Index

Wed 17Feb 2016 :
16.30 : GBP Average Earnings Index 3m/y
16.30 : GBP Claimant Count Change
20.30 : USD Building Permits
20.30 : USD PPI m/m

Thu 18 Feb 2016
4:45 : NZD PPI Input q/q
7.30 : AUD Employment Change
7.30 : Unemployment Rate
20.30 : USD Philly Fed Manufacturing Index
20.30 : Unemployment Claims
23.00 : Crude Oil inventories > Spesial , news khusus oil

Fri 19Feb 2016
16.30 : GBP Retail Sales m/m
20.30 : CAD Core CPI m/m
20.30 : CAD Core Retail Sales m/m
20.30 : USD CPI m/m
20.30 : Core CPI m/m

opened 2 trades, Sell EURAUD and sell EURNZD
Sell EURAUD

Reasons :
1.Engulfing on MA at H1 timeframe
2. RSI H4 formed Hns, even now, RSI h4 already reach RSI support, but i will waiting next RSI support for exit
Traling stop activated at +100.0 pips

Sell EURNZD

Reason :
1. Engulfing confirmed by inverted hammer which is hanging on MA Cross
2.RSI H4 Formed HNS dan maybe will try to break the RSI support.
Trailing stop at +1

not bad . got 2.5 pips spreads with Sell EURAUD and
Got 3 pips spreads with EURNZD.

 

[ijak]

busy all days, and just updated my journal after i finished all my business thing

opened Sell GBPJPY dan Sell GBPUSD

My reason sell both pairs are they had big engulfing on MA cross (look at magenta rectangle)
and i am positive , when i post issue about Brexit, it may happen in near future.

Closed with profit
and after some drawdowns with my account in 8 days, finally i can banking some nice profit into my wallet
now i am Breakeven and in profit


Requested $45 WD +$45 at 20.30 GMT+7

Recieved 20.42 in same day.

my target : to WD $1000 from $50
is it possible?dunno, let us see, how long i can maintain my trading account. and consistantly banking some profits into my wallet

 

[ijak]

i starts my day with opened trades for several pairs




Sell USDCHF @ 0.98823 SL @ 0.99073 TP @0.98190
Sell Stop USDCHF @ 0.98573 SL @ 0.98823 TP @ 0.98190
Sell AUDCAD @ 0.98449 SL @ 0.98849 TP @ 0.97449
Sell stop AUDCAD @ 0.98049 SL @ 0.98449 TP @ 0.97449
Sell EURAUD @ 1.57448 SL @ 1.57848 TP @ 1.54314
Sell stop EURAUD @ 1.56813 SL @ 1.57448 TP @ 1.54314

Reason :

Sell USDCHF
1. I saw Tower pattern ,
2.confirmed by engulfing at right leg
3.left leg already formed 2 waves

My reason why i opened Sell AUDCAD is simple , Because ad Daily Timeframe , my EMA will cross, and engulfing it self alreay formed. i just need today confirmation

For EUAUD , i use it as hedge instrument against USDCHF and AUDCAD

not bad. got good spreads when i entered this 3 trades

 

[ijak]

My fokus today is CADJPY, to find out the best price to buy CADJPY

Spoiler: CADJPY

My reason why i decide to buy CADJPY
1. W pattern
2.RSI Divergence

And if we compare USDCAD and CADJPY , why i buy CADJPY because few days ago, USDCAD had strong bearish trend ,

Spoiler

Spoiler

and tonight we have crude oil inventories news and as far as i know , OIL and CAD have strong correlation

 

[ijak]

Yesterday i made +$55 profit and request for Withdrawal

,

Spoiler

Request @ 18:12

Processed @ 21:12 GMT+7

Buy CADJPY
Chart CADJPY

Spoiler

Because CADJPY spreads are low, i can trade this pair
Reason buy CADJPY : Strong Support area

got 1 pip spreads

before GBP News, i tried to catch the trend

 

[ijak]

Got Drawdown in my ECN Pro Account
but no problem. OverAll i am still in profit T_T

Spoiler: EURJPY

Sell EURJPY
Reason : Price / buyer, are not too dominant and can't maintain their power above EMA 12. and got around 1 pips spread when i entered my trade

SL Scalping
TP longterm

 

[ijak]

Still hold my Sell EURJPY, move EURJPY stoploss into trailing stop mode
Sell EURGBP , because at M5 , candle broke out the EMA 12,and met major resistance. put 10.0 pips stoploss,

got good spreads on EURGBP, 0.6-0.7 pips for EURGBP , not bad for cross pair

Spoiler

today we have EURO Zone news, perhaps this news could help my trade