[JOURNEY] Trading Forex to Consistent Profits

peux pas

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sup all, i have been away, have been still active in IM but just post in other boards, mainly on reddit (although people on reddit can becoming dumb these days)

but anyway, 5-6 months ago i came across trading on reddit, yes i learned of this on reddit

i had no idea what it is, but i looked into it very deeply, studied it, reviewed it

after a bit of looking into it, i decided i want to trade forex, see if i can make internet money that way

it is different of course from market on internet, before this i was doing upwork, make less than $1k USD doing this

was not bad, even reached 100% job success score on the platform, was good

but the money was slow, it was not to my liking

so i came across trading on reddit like i said, a hot post came on my feed, i've heard of before trading, but i decided i want to look into it now

but anyway. i study for 1 month, then demo traded for 1 month. then for next 3-4 months i did forward test

i took everything i learn and continue trading and seeing if i can become profitable. this is of course with live money

during 3-4 months of forward test, i had to learn more and refine. i started with strategy that i thought would work. turns out, nope. so i had to break that strategy, start again with something different

then i realized my risk management was complete dog shit. i did not know about it at all. so i had to fix that

after 3-4 month of this tweaking and revamping all the shit, i think i figure it out, possibly

i came across wykocoff method of trading, which talking about how smart money control market

it is actually all very interesting to tell you the truth

but the reality is, i won't spend time going into specific of this trading metholodgy. because i know that 99% of those who read this will not understand it nor care to understand

i'm just going to post the results here

if anyone want to know how i trade then you can ask me, but i doubt you will be able to understand answer i give, just being honest. nevertheless i can still break down the reasoning for you if you like

anyway here is where i am at current in this journey. i started a few weeks ago with $100 usd. so right now i am losing, but i hope to bring it back up

anything new i come across or big win i make i can post it here. update will come when they come

my main goal is to make at least 5% return per month. obviously more is better

let's see if i can do it and what happens

c6c97823954a5543ad6513b32ef1697c.png
 
i am in this position now

idk how it will play out, we will see

if anyone want me to explain my logic with why i take trade i can

otherwise i won't do it because will require me to use too much jargon and not sure if anyone even care

just know that potential profit is around 2% from this trade and i am aiming for 5% per month

let's gooo


089d1e026bc9e50c5d5643fcfddde64b.png
 
Keep an eye on your taxes mate

I recently traumatized myself trying to earn a bit of my savings
 
UPDATE:

i lost my previous 2 trades but that's okay, FOMC meeting is coming up in 2.5 hours, i'm predicting a heavy price movement

i'm doing the analysis right now in my head, to determine where i believe price will go, up or down

either way, the way this works is simple. when the clock strikes 2pm EST, then the flood gates will open

price will rocketship upward or plunge downward in one big go

the key is to get your analysis right now and place your orders now, then hope that you were correct when that clock hits 2pm

i think the movement will be at least 100 pips, which means you could risk 1 for 5 reward

in laymans terms, i will risk 2% of my capital to make back 10%

so imagine if you had $10k usd, you risk $200, and you get back $1,000

not bad for 1 trade

let's goo

fc4084269d3f8ddd34c2000a1f81f9b0.png
 
Good luck with your journey, being consistent with trading is not easy, but it will be a pleasure to follow this journey
 
FOMC just hit

oh shit

this is where i'm at now, i think it will continue downward

these smart money mother fcker is pushing that price down aggressively but being block by a bunch of buy order

smart money ends up winning tho, so i should be able to make money while i ride with them

6c582d857c9f2d4c95629286404c8ea3.png
 
nvm, i aborted mission

shit is too volatile with this meeting, i didn't lose any money tho

got out of this FOMC meeting with a 0.43% profit

i'm gonna wait until the bullshit from this stabilizes in 4-6 hours, then will resume regular trading strategy from there

this meeting was too fucked to take a big profit, so just gonna leave now with a little profit
 
sup all, i have been away, have been still active in IM but just post in other boards, mainly on reddit (although people on reddit can becoming dumb these days)

but anyway, 5-6 months ago i came across trading on reddit, yes i learned of this on reddit

i had no idea what it is, but i looked into it very deeply, studied it, reviewed it

after a bit of looking into it, i decided i want to trade forex, see if i can make internet money that way

it is different of course from market on internet, before this i was doing upwork, make less than $1k USD doing this

was not bad, even reached 100% job success score on the platform, was good

but the money was slow, it was not to my liking

so i came across trading on reddit like i said, a hot post came on my feed, i've heard of before trading, but i decided i want to look into it now

but anyway. i study for 1 month, then demo traded for 1 month. then for next 3-4 months i did forward test

i took everything i learn and continue trading and seeing if i can become profitable. this is of course with live money

during 3-4 months of forward test, i had to learn more and refine. i started with strategy that i thought would work. turns out, nope. so i had to break that strategy, start again with something different

then i realized my risk management was complete dog shit. i did not know about it at all. so i had to fix that

after 3-4 month of this tweaking and revamping all the shit, i think i figure it out, possibly

i came across wykocoff method of trading, which talking about how smart money control market

it is actually all very interesting to tell you the truth

but the reality is, i won't spend time going into specific of this trading metholodgy. because i know that 99% of those who read this will not understand it nor care to understand

i'm just going to post the results here

if anyone want to know how i trade then you can ask me, but i doubt you will be able to understand answer i give, just being honest. nevertheless i can still break down the reasoning for you if you like

anyway here is where i am at current in this journey. i started a few weeks ago with $100 usd. so right now i am losing, but i hope to bring it back up

anything new i come across or big win i make i can post it here. update will come when they come

my main goal is to make at least 5% return per month. obviously more is better

let's see if i can do it and what happens

c6c97823954a5543ad6513b32ef1697c.png
Bro, I have already loss toomuch on trading, I am right now on a big depression
 
UPDATE: got boned on 2 trades back to back cause i misread the charts, lost 3-4%

placed another trade tho after i re-assessed the sht

if i can take profit on this one then i'll win back the 3-4% i lost, 1 to 2 risk to reward ratio bros

i may actually be able to make even more money, if i'm lucky, price is moving to a downtrend now

let's see if i can bag this

5185e2315837c4afa43abe97d9334b6d.png
 
i think i'm in good spot here

i took short position, my prediction is by time market closes tomorrow 5pm eastern, price should have broken down into downtrend and go beyond

they call this "fall through the ice" as they say in wyckoff method

let's see if i can make this money

121d92a43b41e21189c2f62cd32b5f86.png
 
Trading = gambling. The middleman collects from losses or wins, mostly losses.
 
Connect your account on myfxbook!
 
Trading = gambling. The middleman collects from losses or wins, mostly losses.
haha yes bro, the broker is the one that wins

there is gamble element to trading yes, however, i do believe wyckoff metholodgy to be true

to those that are not aware of trading and this world, they just say "it is gamble" and move on

it is a deeper world than that for sure
Connect your account on myfxbook!
i heard of that site bro, never really used it

i just log everything manually
 
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