Real Account Trading Journal - trying to survive with minimal funds

Discussion in 'Trading Journals' started by Ganza, Feb 11, 2016.

  1. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    1-2 Years ago, i remembered i had learned in hard way from the market.

    Opened manage account and lost around $25K , it is hurt me a lot and put me in traumatic state.
    need one year or more so i can recovered my mental state.,
    after i lost all investor funds,and because i offered my investor no risk manage account, so i must repay all of them and nothing left in my pocket.

    Today i started to trade again and opened a new account with one simple objective.
    Trying to survive with minimal funds.

    so deposit around $50 and for broker i use tickmill because they are suitable for my needs, they have low minimum deposit

    For trading system i try to trade with price actions and EMAs,

    View attachment 84409

    FXBlue Trading Account Publisher


    Got margin called and deposited another $25

    Today Open trade

    Sell GBPUSD
    Sell GBPCHF
    Got signals from M5

    [​IMG]
    Reason for Sell GU , Fake confirmations candle on M5, and turn the candle into Continuation signals, RSI break neckline

    Reason For sell GBPCHF
    Got RSI break signal with m5 , plus confirmations candle pattern

    Got around 3-4 pips spread for GBPCHF , and around 1 pips spreads on GBPUSD


    Took a peak on news, and whew, china still on New year holiday,

    But today , Yellen would have a testimony again , i hope yellen could give us clues about The Feb Policy

    [​IMG]

    Read on some news sections

     
  2. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    Updated my Journal, it is hard to reach master trader level
    but i must learn and enjoy this process

    still have floating order, Sell EURUSD


    Closed Buy GBPUSD

    and i got good setup for sell at NZDUSD

    If NU Closed and stay like this at 12 febuary 2015, 20.00 GMT +7
    i will consider to sell NZDUSD

     
  3. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    This Week High Impact News

    Time using GMT+7
    opened 2 trades, Sell EURAUD and sell EURNZD
    Sell EURAUD
    Sell EURNZD
    not bad . got 2.5 pips spreads with Sell EURAUD and
    Got 3 pips spreads with EURNZD.
     
  4. jack

    jack Administrator Staff Member

    Joined:
    Mar 29, 2013
    Messages:
    2,427
    Good luck with the journal and good on you for showing your fills and linking an analytics account!

    :)

    Cheers!
     
  5. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    busy all days, and just updated my journal after i finished all my business thing

    opened Sell GBPJPY dan Sell GBPUSD
    Closed with profit
    and after some drawdowns with my account in 8 days, finally i can banking some nice profit into my wallet
    now i am Breakeven and in profit


    Requested $45 WD +$45 at 20.30 GMT+7

    Recieved 20.42 in same day.
    my target : to WD $1000 from $50
    is it possible?dunno, let us see, how long i can maintain my trading account. and consistantly banking some profits into my wallet
     
  6. Computater707

    Computater707 Well-Known Member

    Joined:
    Sep 15, 2014
    Messages:
    305
    Well Done. One withdrawal down- 19 more to go to hit your goal- just rinse and repeat. One money management strategy I have seen used successfully with High Leverage (200 or 400 to 1) nano accounts is to consistently withdraw profits and keep the account small as you seem to be doing. Soon you are playing with the brokers money and have you initial risk capital back. Then if / when the inevitable draw down / margin call hits you simply reload with a small initial amount of your withdrawn profits and carry on.
     
  7. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    i starts my day with opened trades for several pairs




    Sell USDCHF @ 0.98823 SL @ 0.99073 TP @0.98190
    Sell Stop USDCHF @ 0.98573 SL @ 0.98823 TP @ 0.98190
    Sell AUDCAD @ 0.98449 SL @ 0.98849 TP @ 0.97449
    Sell stop AUDCAD @ 0.98049 SL @ 0.98449 TP @ 0.97449
    Sell EURAUD @ 1.57448 SL @ 1.57848 TP @ 1.54314
    Sell stop EURAUD @ 1.56813 SL @ 1.57448 TP @ 1.54314

    Reason :
    not bad. got good spreads when i entered this 3 trades
     
  8. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    you are right, with keep our account balance as small as possible, and consistantly WD profits, will affect with traders psychology. at least, i feel more comfortable when i am in break even + profit. i can analyzing any trading opportunity with better emotion.
    it is about how much money that you can withdraw, with a very small risk
     
  9. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    My fokus today is CADJPY, to find out the best price to buy CADJPY



    [​IMG]

    My reason why i decide to buy CADJPY
    1. W pattern
    2.RSI Divergence

    And if we compare USDCAD and CADJPY , why i buy CADJPY because few days ago, USDCAD had strong bearish trend ,
    [​IMG]

    and tonight we have crude oil inventories news and as far as i know , OIL and CAD have strong correlation
     
  10. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    Yesterday i made +$55 profit and request for Withdrawal

    ,
    Request @ 18:12

    [​IMG]

    Processed @ 21:12 GMT+7
    [​IMG]

    Buy CADJPY
    Chart CADJPY
    [​IMG]
    Because CADJPY spreads are low, i can trade this pair
    Reason buy CADJPY : Strong Support area

    got 1 pip spreads

    before GBP News, i tried to catch the trend
    [​IMG]
     
  11. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    Got Drawdown in my ECN Pro Account
    but no problem. OverAll i am still in profit T_T

    [​IMG]

    Sell EURJPY
    Reason : Price / buyer, are not too dominant and can't maintain their power above EMA 12

    SL Scalping
    TP longterm
     
  12. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    Still hold my Sell EURJPY, move EURJPY stoploss into trailing stop mode
    Sell EURGBP , because at M5 , candle broke out the EMA 12,and met major resistance. put 10.0 pips stoploss,

    got good spreads on EURGBP, 0.6-0.7 pips for EURGBP , not bad for cross pair

    [​IMG]
    today we have EURO Zone news, perhaps this news could help my trade
     

    Attached Files:

  13. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    Finally i got Margin Call
    Well redeposit my account and looking for signals with another trading instrument provided by my Broker,and i decided to trade the indices
    After tried their demo to find out how much margin used for any indices
    i decided to trade the US500 index (SPX500 index)

    Reason :
    1.M pattern
    2.Engulfing
    3.Their spreads looks lower than another index (40 pips, i think its like 4 pips in forex)

    Sell 1 @ 1917.20
    sell 2 @1906.20
    Trailing Stop loss @ 1911.20
    My worst scenario : i think am only reach BEP

    [​IMG]
     
  14. Ganza

    Ganza Well-Known Member

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    Feb 3, 2016
    Messages:
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    I hope NZDUSD can break the upper triangle formed in daily timeframe.

    opened NZDUSD trades, got tight spreads, with tight pair movement
    -_-
     
  15. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
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    today I have a lot of work to do and only now I have time to update my journal
    And today , we only have one important USD news

    today i do some multiple entries



    Buy HK50 (Hanseng )
    Reasojn : engulfing on m15

    [​IMG]
    Indices trading have different sensation, although the spreads are small, but we can quickly experience a plus or minus in one single moves
    Closed profit +40$

    and after that i bought GBPUSD and sold EURGBP
    [​IMG]
    Got tight spread , and closed by my trailing stop

    And i now i try another trading instruments provide by Tickmill, which is JPY225 (Nikkei)and EURJPY
    Reason : engulfing on MA
    [​IMG]
     
  16. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
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    Sell EURGBP
    god, I hate this Inverted Cup and handle Pattern.



    Example of Cup and handle Pattern in WTI/CL

     
  17. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
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    Try To buy NZDCHF

    Finaly i am back trading forex, because indices trading is very painful.
    For smallest lot in my broker, smallest used margin is in JP225 , it is around $14-$15. not to mention, index have very wild movement.
    need bigger balance sigh
    and looks like they applied 1:100 leverage in all indices instrument
    [​IMG]
    Reason, hammer on MA with counter sell if it become invalid
     
  18. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    Sell GBPCHF
    very sexy
    reason : RSI on 60 area, RSI Abnormal, and still in channel area

    [​IMG]
    i hope it is valid
    moga2 valid
    got good spreads , 2.0 pips for GBPCHF
     
  19. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    Finally got margin called
    and based on FXBlue statement
    My total deposit/WD in Tickmill via skrill or fasapay are :
    Deposit : $178.37
    WD : $221.34
    WD - Deposit = $42,97

    so with my total net WD , i can say, i am still losing my money.
    But no problem.
    I cosider this as my learning experience .
    and i learned in hard way, in the next trades, i better do not touch indices , because if i trade with minimum amount i better trade WTI because even WTI used margin is relatively big because it is using 1:100 leverage, but WTI smallest lot is cent pips . so it is better for money management

    This journal will be my documentary repot so i can study my mistakes and become a better trader in near futures

    and like arnold said in terminator.

    " I'll be back"

    The End of Part 1
     
  20. Ganza

    Ganza Well-Known Member

    Joined:
    Feb 3, 2016
    Messages:
    52
    Deposit Small amount before NFP
    and taking advantages from this volatile news .
    Sell USDCHF and CADCHF because in TF H1 already formed continue pattern.
    so lets hoping its valid


    [​IMG]
     

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