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Back in the Game

Daytrader21 Posted 11 Sep.  in #Trader's blog #EUR/USD #Drawdown
After having quite a bad trading month managing from beginning of the month to have a huge DD of 76% I've managed to bring back may account above BE. From here on I'll be focusing on only taking 1-2 trades/month but this should be swing trading opportunity that can bring me some 100 pips in profit, lets see if I can manage to get back in top 10.
Unfortunately because of the new rules my position in the contest will not be shown up, but I like that because this way I'll not focus on the rank but …
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First Week After NFP Report

Daytrader21 Posted 6 Sep.  in #Trader's blog #Nfp #Drawdown
Usually the first week after each NFP report is quite important for the overall direction in the FX market as the trends that start during this week will dictate the direction for the entire month unless there are other major forces at work that can disturb the trend. So, in this regard is not wise to ignore this one aspect of the FX market.
My account balance has started to recover after a draw-down of 70%, right now my balance stands somewhere around $67k. Main objective for this coming week w…
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2 Comments
Berkeley avatar
Berkeley 7 Sep.

yeah, plenty of time! wish ya a speedy recovery ;)

Daytrader21 avatar
Daytrader21 7 Sep.

wish you the same

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Draw-down

Daytrader21 Posted 2 Sep.  in #Trader's blog #Drawdown
The new month has barely started and I already hit a draw-down of more than 60%. Despite this I'll be looking to recover my account balance and do whatever it takes to be back in the green. I still have full points for quality trades and if I continue blogging which should give me extra points it will help me however I need to have some profitable trades as well .
Best Regards,
Daytrader21
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GBPNZD +170 Pips Profit

Daytrader21 Posted 5 June  in #Trader's blog #Bullish #Drawdown #GBP/NZD #Momentum
So far my best trade was going long GBP/NZD and even though the trend was well mature and one may think it was oversold I still saw the possibility of another marginal new high above Monday's high near the 2.1600 level. The momentum was still strong and the pattern was there for the upward trend to continue so I give it a shoot. My entry was based on the minor support level from 1h intraday chart.
Before this trade I was in a 30% DD but with this trade I've managed to bring my account back in pr…
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Scalping with GBP/JPY

Daytrader21 Updated 3 June  in #Trader's blog #GBP/JPY #Scalping #Drawdown
Yesterday I was trying to pick up a top in GBP/JPY but in the end I ended up taking few scalp trade in both direction of the market. Overall my performance with this trades was negative as my losses where bigger than my winners. Unfortunately I already have a 32% DD so I need to make sure the next trade is a winner otherwise it will be quite hard to recoup my balance.
Figure 1. GBP/JPY 15 Minute Chart
Edit: LOL.......I don't know to laugh or to cry but just after I got stopped out, now 15 minute…
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