Zack's Trading Journal to 1 Million Dollars

[Pearson]

Originally Posted by EmoPrimeGold

Hello Pearson

Am I wrong or your money is really decreasing?
$320.61 -> $305.30 -> $276.21
Why this if you are making more positives trades than negatives?

You could join the new chat room, to share your charts with all here.

You are making a good work.

Hope can see you in the chat.
Emerson

Hey Emerson, good observation.

Remember I am posting account equity though not account balance. Simply because this more accurately shows what my account is doing with unrealized profit/loss.

btw the correct order was $305 to $320 to $276 for equity.

Is the chatroom still in the old location or is it the chatroom where the webinar was held?

just for the record though current account balance is $333.15

[rogan]

Hi,

Just click on the "chat" tab as before and it will direct you to the new place..Much better than the old chat room now. There seems to be many traders in there these days. And a professional trader called Effi too who does analysis on all sorts of things.

Nick - I saw some posts on FF about your NEW chat room, so you could see a rise in visits

[Pearson]

Hey Everyone just giving a weekly wrap up of my closed trades

gbpusd .03 lots sell 1.9763 profit taken 1.9730 +33 pips
gbpjpy .20 lots buy 207.99 profit taken 207.90 -9 pips
eurusd .03 lots buy 1.5488 profit taken 1.5545 +62 pips
usdchf .03 lots sell 1.0472 profit taken 1.0445 +27 pips
euraud .03 lots buy 1.6228 profit taken 1.6288 +60 pips
euraud .03 lots buy 1.6256 profit taken 1.6290 +34 pips

Trades Closed: 6
Profit Gained: +207 pips
Weekly Total Pips: +1449 pips

See you all next week

[heks]

1449 pips in one week? Ow f***, are u serious? I made 96 pips this week and I'm very happy. If you r posting real trades, I think you outperform majority of traders here if not all.

Just a quick question: which timeframe do you mostly use for your entries and how long on average you hold a position?

And of course, good luck with the contest.

[Pearson]

Originally Posted by heks

1449 pips in one week? Ow f***, are u serious? I made 96 pips this week and I'm very happy. If you r posting real trades, I think you outperform majority of traders here if not all.

Just a quick question: which timeframe do you mostly use for your entries and how long on average you hold a position?

And of course, good luck with the contest.

Pips are not that hard to come by.....I use mainly 4 hour charts just because these are where the bigger swings that I can see happen....

But I can trade off of the 5 minute scalping.

I have several strategies that I use that pretty much meld together to give me an overview of the market.

I can hold a trade for a few hours, a day, but rarely longer than a few days.

And yes these are REAL trades....I am making 3 cents per pip about right now....with the contest those will be increasing, but will go back to the smaller levels when the contest is over. My MM is trading .01(1 cent) for every 100 dollars....not much, but with it you can get the pips and get to where you want to go. Patience is key

I have no hard feelings closing trades at a loss....I just trade what I see....I'll post some charts of what I do next week....but honestly its no different than what 95% of traders that lose do.....the key is money management and no emotion trading

[heks]

Thanks for quick replay. Looking forward to your charts.

[jarmin]

[quote=Pearson;10327]

And yes these are REAL trades....I am making 3 cents per pip about right now....with the contest those will be increasing, but will go back to the smaller levels when the contest is over. My MM is trading .01(1 cent) for every 100 dollars....not much, but with it you can get the pips and get to where you want to go. Patience is key
quote]

Hi Pearson,
will the contest based on the most pips or the biggest increase in their account? You have massive pips but your account is only growing very slightly.

[traderjosh]

Great trading. What broker are you using?

[Pearson]

[quote=jarmin;10354]

Originally Posted by Pearson

And yes these are REAL trades....I am making 3 cents per pip about right now....with the contest those will be increasing, but will go back to the smaller levels when the contest is over. My MM is trading .01(1 cent) for every 100 dollars....not much, but with it you can get the pips and get to where you want to go. Patience is key
quote]

Hi Pearson,
will the contest based on the most pips or the biggest increase in their account? You have massive pips but your account is only growing very slightly.

Contest is based on the biggest gain....hence I need to change my lot sizes to be bigger

I am using InterbankFX

[Pearson]

Hey all,

Sorry been really busy lately, and I think I had some poisoned food the day after my birthday......made for quite an uncomfortable day.

Anyways, been an interesting start to the week. Had a pretty big loss but did not die from it, we'll see if I can make it back never have any hard feelings on the market.

Currently looking for USD/CAD to bring herself down....

Quick question for you guys, do you know of a way to calculate reports on closed trades but instead of showing $$$ gained/lossed, show pip counts? been bugging me for a while

Also you can catch me in the Chat Room more often now, I used to be there under the avatar Pearson in the old room, but you can find me now under Synapse.

I want to post trades, but I am thinking that it might just be easier for me to post a statement. Let me know if anyone has an easy way to do this...maybe copy and paste? I'll try it out, hopefully I don't get a bunch of HTML Jargon.