Compounding Profit Project into $1000

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Finally i got Margin Call
Well redeposit my account and looking for signals with another trading instrument provided by my Broker,and i decided to trade the indices
After tried their demo to find out how much margin used for any indices
i decided to trade the US500 index (SPX500 index)

Reason :
1.M pattern
2.Engulfing
3.Their spreads looks lower than another index (40 pips, i think its like 4 pips in forex)

Sell 1 @ 1917.20
sell 2 @1906.20
Trailing Stop loss @ 1911.20
My worst scenario : i think am only reach BEP

us500-h1-tickmill-ltd-2.png
 
I hope NZDUSD can break the upper triangle formed in daily timeframe.

opened NZDUSD trades, got tight spreads, with tight pair movement
-_-
 
today I have a lot of work to do and only now I have time to update my journal
And today , we only have one important USD news

today i do some multiple entries



Buy HK50 (Hanseng )
Reasojn : engulfing on m15

hk50-m5-tickmill-ltd.png
Indices trading have different sensation, although the spreads are small, but we can quickly experience a plus or minus in one single moves
Closed profit +40$

and after that i bought GBPUSD and sold EURGBP
gbpusd-h1-tickmill-ltd.png
Got tight spread , and closed by my trailing stop

And i now i try another trading instruments provide by Tickmill, which is JPY225 (Nikkei)and EURJPY
Reason : engulfing on MA
jp225-m5-tickmill-ltd.png
 
Sell EURGBP
god, I hate this Inverted Cup and handle Pattern.



Example of Cup and handle Pattern in WTI/CL

looking this WTI, makes me wanna open a trade, because my broker uses fixed 1 lot , and 1 lot = 0.01$ / pips which means i trade WTI with cent account
 
Try To buy NZDCHF

Finaly i am back trading forex, because indices trading is very painful.
For smallest lot in my broker, smallest used margin is in JP225 , it is around $14-$15. not to mention, index have very wild movement.
need bigger balance sigh
and looks like they applied 1:100 leverage in all indices instrument
nzdchf-h1-tickmill-ltd.png

Reason, hammer on MA with counter sell if it become invalid
 
Sell GBPCHF
very sexy
reason : RSI on 60 area, RSI Abnormal, and still in channel area

gbpchf-h1-tickmill-ltd.png
i hope it is valid
moga2 valid
got good spreads , 2.0 pips for GBPCHF
 
Finally got margin called
and based on FXBlue statement
My total deposit/WD in Tickmill via skrill or fasapay are :
Deposit : $178.37
WD : $221.34
WD - Deposit = $42,97

so with my total net WD , i can say, i am still losing my money.
But no problem.
I cosider this as my learning experience .
and i learned in hard way, in the next trades, i better do not touch indices , because if i trade with minimum amount i better trade WTI because even WTI used margin is relatively big because it is using 1:100 leverage, but WTI smallest lot is cent pips . so it is better for money management

This journal will be my documentary repot so i can study my mistakes and become a better trader in near futures

and like arnold said in terminator.

" I'll be back"

The End of Part 1
 
Deposit Small amount before NFP
and taking advantages from this volatile news .
Sell USDCHF and CADCHF because in TF H1 already formed continue pattern.
so lets hoping its valid


cadchf-h1-tickmill-ltd.png
 
I like the way you give us the reality. looking forward to your future adventures.
 
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