$1K into $1M Journey -
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thread: $1K into $1M Journey

  1. #11
    Very good luck brother. All looking good.

  2. #12
    Short Sign on Gbp/Jpy.

    Short at 158.26
    sl 159

  3. #13
    Junior Member Celay_bokany's Avatar
    29
    Hehe this is ambitious but 1 percent per day ought to be possible. Will you tell something on your system, or perhaps post charts?

  4. #14
    Hehe today this is ambitious but 1% per day should be possible. Will you tell something on your system, or even post charts?
    The system I use is discussed here in James16 thread https://www.cliqforex.com/trading-sy...rget-euro.html . It's nothing fancy but quite powerful so long as you use good money management. A money management system is key because so long as you keep your risk/reward ratio respectable, a 60% hit rate will allow you to earn a few percentages a day. Keep telling yourself you just have to win 3 and use every time to a tough stop rather than let any losses run. Profits, however, can be left running when you move sl to break.

  5. #15
    LOL - I guess that you're a fan of Larry Willi. Its now more than 20 years since he turned a $10K account into $1.1M in a calendar year, trading stocks.

    Actually he says he recalls that as the year he lost $1.5M as he ran the account around $2.6M prior to the draw down! - but he does like to tell a story!

    Thus, given the higher leverage readily available in FX, it is possible, although rather hard....good fortune....

  6. #16
    Week 1 upgrades: 10/26/08-10/31/08

    Week 1 beginning balance: $1000
    Week 1 ending balance: $1297.24

    The starting balance for your week was $1000 and the ending balance was $1297.24 which surpasses the initial target of $1071.99. The target is actually surpassed by it for week so I'd be taking a look at target for week 4 and beyond . I think that it's always better to be ahead of schedule instead of behind. I know there will be slow weeks so it is always great to have a cushion.

    Weekly target:

    Week 1: $1071.99
    Week 2: $1149.16
    Week 3: $1231.88
    Week 4: $1320.56
    Week 5: $1415.63
    Week 6: $1517.53
    Week 7: $1626.78
    Week 8: $1743.89



    Notice: whether the past couple of months have been unusually volatile which introduces many trading opportunities. I fully expect the volatility to subside in the future which will offer trading chance hence gains will be less.

  7. #17
    REMINDER: NEXT TUESDAY IS ELECTION DAY!!!

    *** MAKE YOUR VOTE COUNT AND VOTE FOR MCCAIN ***

    Obama will raise capital gains tax whereas McCain will reduce so the gap in capital gains tax you will be paying for another 4-8 years will probably be quite significant. If you're a trader especially the ones that trade full time or commerce large (institutional traders), this dilemma will greatly affect you.

    If you intend to vote for Obama, it's far better to remain at home, commerce and generate income.

  8. #18
    REMINDER: NEXT TUESDAY IS ELECTION DAY!!!
    ....
    Good luck sixth sense. . With a very good money management,
    I know you'll get there.

    Hijackxx

  9. #19
    Hi,

    Just an update on my progress. The market has been comparatively calm the previous few days due to the uncertainty and the election in the new president elect.

    GU looks really bearish. If you take a peek at this 4H chart I attached, it looks like GU is looking very difficult to break below the yellowish trendline. I think that once it's broken, we'd see 1.5277 examined and maybe broken.

    As for my million dollar assignment, I'm still on track. . .actually ahead of schedule so I'm kind of taking it slow. I knew that we'd have some weeks after month october's kind was.


  10. #20
    Starting balance: $1297.24
    Ending balance: $1435.73 ( 10.7%)

    I've completed a lot less trading this week although the transactions were quality so I managed to keep up with the expansion target. Weeks and I am nearly up 50%. I am on speed to doubling my account in a month. So far there have been no hiccups in the system.

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