Author Topic: Forex Trading Challenge Begins...!!! (Read 14094 times)

fx1dr3r · « **Reply #15 on:** Aug 19, 2008, 02:36 PM »

ngaung week na pala un! Sali ako!

.. sandali lang. upload ko acct ko later. il be daytrading using, MACD and pivot points on the M5 and M15 chart.

gdibizness · « **Reply #16 on:** Aug 19, 2008, 05:08 PM »

2mbaga pitition lang ha wag sana magagalit.

Kasi akalako lot.10 lang ang gagamitin natin lahat?
Why are you using lot .20?

2mbaga · « **Reply #17 on:** Aug 19, 2008, 05:13 PM »

I thought we agreed that any position size will do since this is where our money management skills come into play. Kahit lagyan natin ng .1 max lot size, we can't stop people from opening two .1 lots of the same order, right? Besides, we are using different account sizes so our lot orders should also vary.

And suggestion lang po, kung pwede po yung first post, gawin na lang 1 image per person. Yung latest lang yung ipost and hindi every update para hindi sya mag clog. And baliktad po yata yung screenshot namin ni bentong

PMT Forum · « **Reply #17 on:** Aug 19, 2008, 05:13 PM »

* * * * * sponsored links * * * * *

gritzvon · « **Reply #18 on:** Aug 19, 2008, 06:06 PM »

good day guys!

.. i already exchanged 2mbaga's and Bentong's acct updates. And as suggested by 2mbaga, there will only be one acct image per person to avoid clogging.

fxgypsy · « **Reply #19 on:** Aug 19, 2008, 06:47 PM »

hi guys! here's my acct. inopen ko sa Crown Forex. 1:100 ang leverage. si fx1dr3r pala ito. changed my name. the first ones hard to type.

gritzvon · « **Reply #20 on:** Aug 19, 2008, 08:03 PM »

Hi fxgypsy! I already added your update to the first post. Goodluck with the competition!

Quote from: gdibizness on Aug 19, 2008, 05:08 PM

2mbaga pitition lang ha wag sana magagalit.
Kasi akalako lot.10 lang ang gagamitin natin lahat?
Why are you using lot .20?

It seems that the rule regarding the number of lots is a bit unclear. Just to clear it up, at the later part of the Challenge to all Forex Traders thread, most of the guys, agreed that since the initial deposits are variable, the number of minilots can also be variable and it will be up to the MM of the trader since either fixed or variable has certain advantages and disadvantages at the same time. Im sure you're already aware that both profits and losses are multiplied with higher number of minilots.

So since this competition has just started, if it's ok with you guys, let's just go with the majority and trade any number of minilots that we want.

beast_master · « **Reply #21 on:** Aug 19, 2008, 08:15 PM »

^Yeah, it was agreed upon before na flexible and position sizes. Biruin mo nga naman you have to make a lot of trades to make a significant increase pag 5K ang starting mo compared to a trader who started with only 1K?

fxgypsy · « **Reply #22 on:** Aug 20, 2008, 12:21 AM »

good evenn guys! im done for the night. tulog na ako.

.. andito ang daily update ko:

bukas ulit!

gritzvon · « **Reply #23 on:** Aug 20, 2008, 09:04 AM »

Good morning guys! How are you guys doing?
Hi fxgypsy, already updated ur acct at the first post. 74pips in your first day.

anghelita · « **Reply #24 on:** Aug 20, 2008, 10:24 AM »

day 1 update.

good morning!

gritzvon · « **Reply #25 on:** Aug 20, 2008, 11:34 AM »

Hi anghelita! updated ur acct summary already. That is just for your first day?

This makes you number 2 after the 2nd day of the challenge!

Guys, I also added a Rank Update on the main post. Thought it could make it easier to check the rankings. Have a piptastic day everyone! I have a question to you guys... since we are using variable initial deposits and #of minilots per trade, is it still fair to use % in account growth in assessing the winner? ... Or should we make $5K the standard opening balance? Since most uses $5k, it's ok with me to avoid complications.

2mbaga · « **Reply #26 on:** Aug 20, 2008, 12:32 PM »

^% growth na lang. Hindi naman masyado mahirap i compute. Para hindi na rin mahirapan yung nakapag simula na sa ibang account sizes.

Eto na lang gawin nating basis:
(Equity - Starting Balance) / Starting Balance

@Anghelita: Mukhang scalper ka ah. Ang dami mo agad trades and with 15 consecutive wins to boot.

I wonder what happened to my open trade...nawalan kasi ako ng internet connection sa bahay and bawal dito sa office

gritzvon · « **Reply #27 on:** Aug 20, 2008, 01:01 PM »

.. anong position mo?

2mbaga · « **Reply #28 on:** Aug 20, 2008, 01:34 PM »

I'm long on NZD/USD. I think I opened it around .7080. Di ko maalala yung exact eh. Nung 50 pips na yung profit ko, inurong ko lang stop ko sa breakeven with 100 pips as my target profit. Natulog na ko after that. Di ko na alam kung ano nangyari...