$50,000 Challange

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I think he is talking about taking the opposite trade to you, maybe :idea:

Nothing sinister in the post, although then again... no, just joking

If that's the case he must be flipping loaded to be able to move the price !

 

[goldtip]

Latest: $50,000 Forex Challenge

Balance:
$49,152

Equity:
$49,306

Return
-1.69%

Current Performance
-5.1%

The poll was automatically rest:
Will the challenge be won the public consensus at this point is:
50% (Yes), 50% (No), 0% (Not sure)

 

[goldtip]

Day 6

Despite the disruptions of last week hopefully things will run a lot smoother as usual I will be publishing my free positions for those that are interested sometime this week.

Will the challenge be won the public consensus at this point is:
33% (Yes), 66% (No), 0% (Not sure)

 

[goldtip]

Latest Consensus

If you have any questions about the challenge I would be happy to respond.

Will the challenge be won the public consensus at this point is:
28% (Yes), 72% (No), 0% (Not sure)

 

[goldtip]

Learn: $50,000 Forex Challenge

Yesterday I had a fantastic trading day some gains as a result of adding to my positions on a number of pullbacks. Some exposure still remaining.

Latest:
Balance:
$50,963

Equity:
$45,230

Return
+1.96%

Current Performance
-3.0%

Will the challenge be won the public consensus at this point is:
28% (Yes), 72% (No), 0% (Not sure)

 

[goldtip]

Latest: $50,000 Forex Challenge

Today has been a fantastic day with pin point accuracy the model was able to turnover $9645 up 21.3% on the day covering all exposure while beating expectations. I shall be publishing tomorrow positions a little later today.


Balance:
$54,875

Equity:
$54,875

Return
+9.75%

Current Performance
+3.01%

Will the challenge be won the public consensus at this point is:
28% (Yes), 72% (No), 0% (Not sure)

 

[goldtip]

Learn: $50,000 Forex Challenge

Yesterday was another volatile day for currencies as the swings are becoming more aggressive throughout the day, however as a result of taking advantage of retracements the model turned over almost 22%.

as promised: my hedged positions I will be placing together right now, do so at your own risk. I am likely to switch this trades later in the day.

gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
short,short,short,short,short,short,long

entry price
1.50373,1.32950,1.17674,0.73840,0.57781,98.682,1.13511

 

[goldtip]

Latest: $50,000 Forex Challenge

Those that have taken the trade will already be up about 320 pips

 

[goldtip]

Latest: $50,000 Forex Challenge

Those that have taken the trade will already be up about 1100+ pips 02:42am GMT

 

[goldtip]

Learn: $50,000 Forex Challenge

Those that have taken the trade will already be up about 1300+ pips 02:45am GMT

For those that have taken up the positions I will advise you to close them all now. The only trade in negative positions is usdcad, you can hold onto that position for awhile to see if you can reduce some of its negative pips.

 

[goldtip]

Learn: $50,000 Forex Challenge

Those that have taken the trade will already be up about 1733+ pips 02:58am GMT. I will be closing all my trades now and reopening likely in reverse when the London markets open.

If you do take up my recommendations your losses are your actions and I expect nothing in return for your gains.

 

[goldtip]

Latest: $50,000 Forex Challenge

03.00am I have decided to open my trades earlier than first anticipated and will keep usdcad the same.

gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
long,long,short,long,long,long,short
Open prices: 1.49981, 1.32535, 1.18006, 0.73443, 0.57597, 98.152, 1.13848

Learn: I have reduced each lot size by 50%

Will the challenge be won the public consensus at this point is:
28% (Yes), 72% (No), 0% (Not sure)

Checkout Journal of a $50000 FOREX Challenge for full coverage

 

[goldtip]

Learn: $50,000 Forex Challenge

Those that have taken the reverse trade will already be up about 1100+ pips 03.35am GMT

 

[goldtip]

Learn: $50,000 Forex Challenge

Those that have taken the reverse trade will already be up about 2575+ pips 08.35am GMT on the retrace and closed all positions for the second time.

4308+ pips in total with 8 hours of trading. Keep in mind i am trading 7 pairs simultaneously.

NOTE: I think a mistake has been made MT4 'as points' p/l calculation value is 1/10th a pips from what I have been told so the total pips within 8 hours is 430+. My apologies. I don't normally do pips and for those who create EA's beware of this calculation.

 

[goldtip]

Learn: Here are the trades

NOTE: I think a mistake has been made MT4 'as points' p/l calculation value is 1/10th a pips from what I have been told so the total pips within 8 hours is 430+. My apologies. I don't normally do pips and for those who create or use EA's beware of this calculation.

If anyone cares to calculate the correct pips be my guess. Those that made profits from the trades happy days.

 

[goldtip]

Learn: $50,000 Forex Challenge

Here are some more pips (290+) that I 've just closed. I added to some positions with lower lot sizes and waited for the retracement.

Total pips so far 700+ total profit around $3954 with very low risk and systematic trades.

 

[goldtip]

Latest: $50,000 Forex Challenge

Yesterday was another volatile day for currencies, however although I don't do pips and focus more on % return the model turned over an amazing 800+ pips with pin point accuracy on several retracements.

Balance:
$58,990

Equity:
$58,990

Return
+17.4%

Current Performance
+9.3%

Will the challenge be won the public consensus at this point is:
37% (Yes), 63% (No), 0% (Not sure)

 

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Latest Consensus

Will the challenge be won the public consensus at this point is:
45% (Yes), 55% (No), 0% (Not sure)

 

[goldtip]

Half - Way: $50,000 Forex Challenge

Halfway through the challenge and the account is in very good conditions, the market has been extremely volatile with huge intraday swings, however the model along with the evolving system has mitigated (hedged) the risks producing understanding results with over 3000+ pips made this week alone.

Join me at Journal of a $50000 FOREX Challenge for a more detailed and daily updates including the occasional trades I will be making for the day.


Balance:
$68,728

Equity:
$68,728

Return
+37.0%

Current Performance
+12.2%

Will the challenge be won the public consensus at this point is:
45% (Yes), 55% (No), 0% (Not sure)

 

[goldtip]

Completion: Journal of a $50,000 Forex Challenge

After 18 days the model was able to successfully produce 100%+ return on investment even through the most volatile days seen this year in the money market. However the point of this challenge was not to prove that the model was able to produce 100% return in 30 days but to stress test my system and find the right mix of risk/reward and perhaps share insight into do's and don'ts of trading forex especially for those who trade spread betting platforms and tend to lose their investment.

I could say with confidence that my technology is able to outperform top money managers in the industry and able to return 30% on traded investment with ease over a period of 200 traded days. I will be starting a trading clinic soon at Welcome to Jenario - Financial Markets Technology so let me know if your interested.

Balance:
$101,024

Equity:
$101,024

Return
+102.05%

Current Performance
+43.3%

Will the challenge be won the public consensus at this point is:
50% (Yes), 50% (No), 0% (Not sure)