PipHunters Trading Journal: 10k to 1 Million
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Thread: PipHunters Trading Journal: 10k to 1 Million

  1. #1
    I began with $10k on 8th Dec 2009. My purpose is to earn $1 Million like everybody else here. I was trading for a couple of years now. I have been profitable since, but it was not individually recorded. So I am now applying this 3rd party service which enables me to execute my trades from a flash website to a EA in my meta trader.

    I have this attached to my live account with 10k.


    Http://img257.imageshack.us/img257/2...hunters005.jpg


    Strategy: Price action, Resistance Support amounts, Momentum. My Strategy is quite simple, yet effective, stop loss are put above resistance levels or under a support level, and also make profit are set just before it reaches the next support/resistance level. Stop loss are sometime set to entry prices when the commerce creates a 30-50 pips profit on currency pairs which are very volatile. ALL trades are going to have stop loss.

    Stop Loss set to 200-500 pips (2-5percent per trade)
    Take Profit group to15-100 pips.


    Current results:
    Deposited: $10,000
    P/L: $11,528
    Avg monthly yields: 16.29%
    Max draw down: 8.55%

    If you'd like to follow my achievement, PM me for additional information.


    I can not update this thread as they made me a commercial member, I can just post in the commercial forums.

  2. #2
    Trends currently trading :
    entering significant dips:
    gbpusd long
    eurusd long
    audusd long
    usdcad long

    http://img710.imageshack.us/img710/6186/piphunters2.jpg

  3. #3
    Gday Pip,

    Simply wanted to learn are you coming up with your trading methods and what indiors or patterns you're using? Can you care to elaborate?

    Cheers

  4. #4



    this man sums up nicely what egy I utilize concerning price action. Price action permits you to determine resistance and support levels also. I close loss if there's a breakout which won't recover anytime over the next 1-2 weeks. I try not to hold on to transactions any longer than that. A fantastic trader understands when to take loss. In terms of take profit I usually put it to 3 times the pin-drop change, I trade conservatively with 10-50pips. Rarely do I earn more than 50pips each commerce.

    I also use two other momentum indiors. Levelstop reverse as well as also the normal momentum indior that comes with mt4.

  5. #5
    I am still learning the trade Piphunter...
    concerning exiting, as soon as you achieve say a 10-50 pip reunite, do you move your stop loss or do you attempt to close/exit out your rankings? Among the things that I've learned is to let profits run, that said I could never choose the tops. . .but its helped me gain from my losses. And consistently too.
    How can you handle your risk?

  6. #6
    Here is some of my risk / money management egy:

    -1% risk per trade. ie. 0.1 vol using a 10k account on a usual size account
    - No more than 3-4 individual transactions available each pair (this will assist with maintaining your attracted downs lower)
    - No more than a total of 10 open transactions ideally
    - Although my stop loss at at 200-500, I often and usually close smaller only when the pair will no more technically move in our favor in the next 2-3 weeks.
    - I try to not have transactions available for more than 1 month, particularly transactions accumulating negative swaps. But for pairs that have postive swaps like long on aud/usd is quite appealing and a long term trade is much more desired.
    - By using this traditional risk management, I am nevertheless able to currently attain a 23% return each month atm.

  7. #7
    Nials videos are very clear and informative. The approach is easy and very effective and traded on large timeframes so the information within the PA is quite strong. It's very good to see your results are coming together with fundamental fundamental trading.

    I wish you all the best

    Razor

  8. #8
    Piphunter, where are your updates??? Or did you make the Million and left to the sun!

  9. #9
    Yeah I wonder how it's been going...
    I despise finding these journals becoming abandoned for dead, I really want to see it occur for somebody, maybe even if its just to affirm my own hopes...
    There was a man on babypips I had been following for around 9 months and he had been trading his edge of gartley patterns together with a 30 pip goal and 10% risk per trade MM and had flipped 4,000 into 180,000 in a brief period of time, -even posted his accounts containing all trades at a .pdf

  10. #10
    Date: look at post time stamp

    Current results:
    Deposited: $10,000
    P/L: $12,800 (rounded up)
    Avg monthly yields: 22.53percent
    Max draw : 17.47percent

    If you'd like to follow me PM me for more details.

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