$100 Spin up or Bust

Wed 28th Sept 2011 - Evening Update

Wednesday Evening Update:

Got chatting on twitter over the moves on GOLD and took some **** clenching trades :cry:

Not got the margin to use proper Money Management on GOLD but the moves were so technical I had to take a trade. Just shows "Plan your Trade, Trade your Plan"

I was setting out the moves on GOLD over the next 24hrs but it started to unfold in front of me faster than I thought as CME said they were putting up margins after the close. So I was in and out :clap:

Portfolio
Instaforex
Open $181.03
Close $182.23
P/L +$1.20
+12 pips
Total pips +863.4

Sunbird FX
$107.90
NO TRADES
Total pips +59.7

FXCM
Open $97.77
Close $101.52
P/L +$3.75
+30.5 pips
Total pips -24.4

Portfolio
Open $386.70
+$4.95
Close $391.65
 
Thu 29th Sept 2011

Week 4

Light day spent the afternoon watching Trading Education Videos & Webinars :smart:

Portfolio
Instaforex
Open $182.23
Close $182.43
P/L +$0.20
+16.3 pips
Total pips +879.7

Sunbird FX
Open $107.90
Close $110.92
P/L +$3.02
+22.1 pips
Total pips +81.8

FXCM
Open $101.52
Close $106.07
P/L +$4.55
+44.1 pips
Total pips +19.7

Portfolio
Open $391.65
+$7.77
Close $399.42
 
Fri 30th Sept 2011

Week 4

FRIDAY
:clap::cool:(y)

Great beliver in light trading Fridays and hold the weeks gains so I'm done this morning and moving on to Week 5 :D

Portfolio
Instaforex
Open $182.43
Close $182.46
P/L +$0.03
+1.3 pips
Total pips +881

Sunbird FX
Open $110.92
Close $111.45
P/L +$0.53
+4.8 pips
Total pips +86.6

FXCM
Open $106.07
Close $107.54
P/L +$1.47
+6.6 pips
Total pips +26.3

Portfolio
Open $399.42
+$2.03
Close $401.45


Week 4 Summary

Instaforex
Open: $180.17
Close: $182.46
P/L +$2.29
+112 pips
Bonus 90.00/+1.49

Sunbird FX
Open: $102.28
Close: $111.45
P/L +$9.17
+71.3 pips

FXCM
Open: $94.62
Close: $107.54
P/L +$12.92
+87.3 pips

Portfolio So Far
Open $377.07
+$24.38
Close $401.45
pips 1,504.90


This week turned around my old FXCM Micro acc from -pips to +26.3 :clap:
Solid week and no plans next week so on the desk every day (y)

Have a good weekend :cool:

Clear book, all positions closed back on Monday for Week 5 :smart:

Monthly InstaRebate +$0.49
Instaforex $182.95
 
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Fri 30th Sept 2011 - Evening Update

Just got my nightly MT4 Trade Confirmation statement in my email to see I got InstaRebate :-0 +$0.49

From Instaforex Website:
What is InstaRebate?
This service is absolutely free of charge
InstaRebate project provides traders with an opportunity to receive REAL MONEY for P&L deals (with at least 1,5 point of profit/loss) settled with InstaForex Company. You just trade in a usual way and get 15 dollars for 1 market lot (1,5 dollar for 1 InstaForex lot).
What is InstaRebate?
InstaRebate is a system of partial funds’ repayment to Forex-traders after each conducted deal. In other words, InstaRebate helps traders receive additional profit by returning a part of commission or spread while regular trading on foreign exchange market with InstaForex Company. That is why this rebate system is only available for clients of the international on-line broker InstaForex.

Don't care how small free money is FREE MONEY :p

Portfolio +$0.49 = $401.94
 
Week 5 Mon 3rd Oct 2011

Week 5

Traded the open last night which is unusual for me but I was expecting some good moves and I was right, which made Monday trading an easy light day.

All done for the day and clear book

Portfolio
Instaforex
Open $182.95
Close $184.18
P/L +$1.23
+62.8 pips
Total pips +943.8

Sunbird FX
Open $111.45
Close $113.42
P/L +$1.97
+18.9pips
Total pips +105.5

FXCM
Open $107.54
Close $127.11
P/L +$19.57
+77.3 pips
Total pips +103.6

Portfolio
Open $401.94
+$22.77
Close $424.71
 
Tue 4th Oct 2011

Week 5

Light day for me

Got up at 4am for the RBA Rate Decision and traded my plan to go Long but I entered before the announcement (not my normal play). No change as I expected and neutral Press Release but it drop but I was able to Buy back on bounce. Not pretty but came out ahead
:p

Rest of the day light then sat aside keeping gains and quitting while ahead :smart:

Also Sunbird FX gave me another Credit of $100 on another account. :confused:
So I now have two Sunbird FX accounts but as they are both on the same MT4 only one at a time can update MyFXBook so I'm not going to change the settings each time so I won't link it, so you'll just have to trust me on this one. I might link it once a week to update I'll see.

They might see there error and whip it back lol :cry:

Portfolio
Instaforex
Open $184.18
Close $187.01
P/L +$2.83
+6.3 pips
Total pips +950.1

Sunbird FX (1)
Open $113.42
Close $117.08
P/L +$3.66
+18.3 pips
Total pips +123.8

Sunbird FX (2)
Open $100.00
NO TRADES
Total pips 0

FXCM
Open $127.11
Close $132.50
P/L +$5.39
+20.7 pips
Total pips +124.3

Portfolio
Open $401.94
+$111.88
Close $536.59


Edit: Sunbird FX LIVE 2 added to MyFXBook. And over the next week I'll make sure both accounts are verified
 
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Thu 5th Oct 2011

Week 5

Had a good AM Session thet sat aside until late in New York session I opened positions on USD/CAD then made an error of Averaging Down.

So still got positions open but as Midnight came I have enter totals in my Diary and accept a down day. First down day since 13th Sept 2011 so not all bad.

Plus on more good news as I did some referals for Sunbird FX I received another $350 to my Sunbird FX Live acc 2 so in effect an up day but that would be cheating lol

Still awake to baby sit these positions :sleep:


Portfolio
Instaforex
Open $187.01
Close $194.05 (193.26) 2 USD/CAD open trades
P/L +$2.96
+30 pips
Total pips +980.1

Sunbird FX (1)
Open $117.08
Close $100.00 (103.92) 1 USD/CAD open trade
P/L -$17.08
-50.1 pips
Total pips +73.7

Sunbird FX (2)
Open $100.00
+FREE $350 CREDIT
Close $435.42 (431.85) 3 USD/CAD open trades
P/L +$335.42
Total pips -50.6

FXCM
Open $132.50
Close $128.03 (131.98) 1 USD/CAD open trade
P/L -$4.47
-10.3 pips
Total pips +114

Portfolio
Open $536.59
+$320.91
Close $857.50
 
Thu 6th Oct 2011

Week 5

BoE & ECB

Well was tough but got ahead :clap:

REMEMBER NOT TO OPEN NEW POSITIONS IN LATE NEW YORK SESSION :smart:

Well earned rest now, Friday out for breakfast but back on the desk for Non Farm Payroll (NFP).

REMEMBER: DON'T GIVE BACK FRIDAYS (y)

Portfolio
Instaforex
Open $194.05
Close $194.33 (194.51) 1 GBP/USD open trade
P/L +$0.28
+33 pips
Total pips +1,013.1

Sunbird FX (1)
Open $100.00
Close $108.98
P/L +$8.98
+18.4 pips
Total pips +92.1

Sunbird FX (2)
Open $435.42
Close $451.83
P/L +$16.41
+106.2 pips
Total pips +55.6

FXCM
Open $128.03
Close $140.77
P/L +12.74
+69.2 pips
Total pips +183.2

Portfolio
Open $857.50
+$38.41
Close $895.91
 
Fri 7th Oct 2011

Week 5

My quote last Friday "Great beliver in light trading Fridays and hold the weeks gains"
Well this Friday was:

GIVE BACK FRIDAY

Got NFP All Wrong :cry: Ho Hum

Portfolio
Instaforex
Open $194.33
Close $193.73
P/L -$0.60
+49.1 pips
Total pips +1062.5

FXCM
Open $140.77
Close $143.26
P/L +$2.49
+24.9 pips
Total pips +208.1

Sunbird FX Acc 1
Open $108.98
Close $50.10
P/L -$58.88
-162.3 pips
Total pips -70.2

Sunbird FX Acc 2
$451.83
NO TRADES
Total Pips +55.6

Portfolio
Open $895.91
-$56.99
Close $838.92

Week 5 Summary
Instaforex
Open: $182.95
Close: $193.73
P/L +$10.78
+181.5 pips
Bonus 90.00/+1.96

FXCM
Open: $107.54
Close: $143.26
P/L +$35.72
+181.5 pips

Sunbird FX Acc 1
Open: $111.45
Close: $50.10
P/L -$61.35
-70.2 pips

Sunbird FX Acc 2
Open $450.00
Close $451.83
P/L +$1.83
+55.6 pips

Portfolio So Far
Open $401.94
+$436.98
Close $838.92
pips 1,256.00

Friday killed a good week but that is trading. :cry:

Going adjust the Portfolio over the weekend as the Sunbird Accounts are FREE CREDITS which can not be withdrawn. The set up is any profit I make I keep and if I blow the credit I owe nothing as its a Margin Credit so adding the credits to Portfolio Balance as Cash is not right so I'll change it.

Have a good weekend

Clear book, all positions closed back on Monday for Week 6

__________________
 
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5 Week Review 6th Sept - 7th Oct 2011

5 weeks in thought I would do a Weekend update

6th Sept 2011 started on MT4 with Instaforex
Deposits $97.66
Deposits $9.30
Instaforex Bonus +$30.00
Start $136.96
Now $193.73
+$56.77

Was chatting to some guys on Twitter about FXCM which sparked my interest in my old FXCM Micro account. Back in November 2010 I opened an account with $50 but by end of November I lost $29.80 then went back to FXCM demo where I blew the 50k Demo. I never seemed to win on FXCM.
I went back to the account in February 2011 then by March the account balance was $2.46 and I walked away. Have to admit It was not FXCM fault but my own being under capitalised as $50.00 is not enough to trade within money management on there platform.
So revisiting the account and better as a trader (Well reserve judgement on that :p ) I topped up the account +$87.54 = $90.00 Balance 23 Sept 2011. Now I have brought the account back to +pips and got back my deposits with account now +$5.72 :clap: Really impressed with FXCM again after using Instaforex with 3 pip fixed spreads and RE-QUOTE HELL FXCM feels cheap and a breathe of fresh air. But I do find I'm doing better by NOT using the FXCM Marketscope Charts as I use the MT4 Charts.
Think in due course I will get all live funds on the FXCM account.
Start $50.00
Topped Up $87.54
Now $143.26
+$5.72

Then making another contact on Twitter I got referred to Sunbird FX where I opened a LIVE account 19th September 2011 with FREE $100 CREDIT.
Now I added this to my CASH balance in Portfolio but on review its not CASH but CREDIT. Meaning its MARGIN CREDIT so what cash profit I make is mine to withdraw after I have traded 10 full Lots of Volume. If I lose the CREDIT I owe nothing as its just a FREE MARGIN trade CREDIT.
On making my own referrals I opened another Sunbird FX account, well I say I but it was a Sunbird FX **** up buy hey it ain't my cash. 4th and 5th October 2011 they added more FREE CREDITS totalling $450.00. I will name these 1 & 2
Acc 1 Start CREDIT 100.00
Now 50.10 :eek:
Acc 2 Start CREDIT 450.00
Now 451.83
Cash $1.83

On digging deepper into Sunbird FX it seems they are in the Seychelles and from what I can see are not regulated. Since opening these accounts I have had a number of NO CONNECTION problems and funny only ever when I'm in positions :sneaky: yesterday when EUR/USD dropped the system dropped NO CONNECTION for over 5 mins. So I will never add funds to these accounts and focus on FXCM/Instaforex accounts where I have invested my cash.
This week having four accounts open has effected my performance so from next weel I'll trade on FXCM/INSTA and if I have hit my targets I'll then give sometime to Sunbird accounts to get Cash traded into the account.
With account 1 on Friday my Mind Set was its a FREE account let it run which was bad letting the account get a big hit. Whether Cash, Free or Demo you should keep to your mind set so I'll not do that again. :smart:


In 23 days of trading I have 3 down days and 20 up days (y)

Going forward I'll only add Cash to the Portfolio as follows:

Instaforex
$193.73

FXCM
$143.26

Sunbird FX (1)
CREDIT 50.10

Sunbird FX (2)
CREDIT 451.83
CASH $1.83

Portfolio Cash $338.82

Back on the desk Monday (y)
 
Week 6 Update

Week 6

This week I had a blow out week :(

PC went down Monday and I blew 2 of my accounts :(

My Fault just very bad trading but the main account with Instaforex which started this Journal is still ahead all be it down on the week.

Summary:


Portfolio
Instaforex
Open $193.73
Close $181.44
P/L -$12.29
+16.8 pips
Total pips +1079.3

FXCM
Open $143.26
Close $15.75
P/L -$127.51
Total pips -1060.3

Sunbird FX Acc 1
CREDIT 50.10
CREDIT 15.15
P/L -34.95
Total pips -379.4

Sunbird FX Acc 2
$451.83
NO TRADES
Total Pips +55.6

Portfolio
Open $338.82
-$139.8
Close $199.02

Will be updating my blog which will explain my week :cry:

Back Trading Monday :)

DOWN BUT NOT OUT (y)

Have good weekend all, F1 this weekend :clap:
 
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Week 7 Mon 17th Oct 2011

Back on the bike low risk trading on Instaforex and Coin Flipping Gamble on FXCM. The rest of this week I'll just trade Instaforex.

FXCM account is out of portfolio until I return later in the Challenge

Portfolio
Instaforex
Open $181.44
Close $182.69
P/L +$1.25
+74.3 pips
Total pips +1153.6

FXCM
Open $15.75
Close $2.49
P/L -$13.26
-66.1pips
Total pips -1126.4
NO LONGER TRADED - OUT OF PORTFOLIO

Sunbird FX Acc 1
CREDIT 15.15
NO TRADES
Total pips -379.4
NO LONGER TRADED - OUT OF PORTFOLIO

Sunbird FX (2)
CREDIT 451.83
NO TRADES
Total pips +55.6

Portfolio
Open $199.02
-$14.50
Close $184.52
 
Tue 18th Oct 2011

Week 7

Taking it easy this week just getting refocused plus I was out in the afternoon.

Wednesday home all day so hopefully some good trade set ups (y)

Portfolio
Instaforex
Open $182.69
Close $183.48
P/L +$0.79
+48.3 pips
Total pips +1201.9

Sunbird FX (2)
CREDIT 451.83
NO TRADES
Total pips +55.6

Portfolio
Open $184.52
+$0.79
Close $185.31
 
Wed 19th Oct 2011

Week 7

Got a call from Sunbird FX today asking:

*Hi are you ever going to add funds to your acc ?"

me "err no, your not regulated plus I still got one account with free credit"

SBFX " Laughs no point sir, you must trade 15 lots in 15 days to be able to unlock and withdraw any profit. Ok Bye sir"

Guess Ill delete the Platform lol

Always a catch ! :mad:

So Sunbird FX out of Portfolio and just on the Original Acc with Instaforex


Instaforex
Open $183.48
Close $184.10
P/L +$0.62
+54.1 pips
Total pips +1256
 
Thu 20th Oct 2011

Week 7

Very light day as I was out in the afternoon and I cleaned up and resized charts. I can now see 8 pairs FX and Silver, Gold Charts over 3 screens :)

Goal of the week to focus with low risk

NO GIVE BACK FRIDAYS !

Instaforex
Open $184.10
Close $184.49
P/L +$0.39
+26.4 pips
Total pips +1282.4
 
Fri 21st Sept 2011

Week 7

Friday is what ? NO GIVE BACK FRIDAYS :clap:

Sat on two Long postions Friday morning USD/JPY then 12pm came and with no move. I closed out for +$0.01 so scratch day.
Friday I like to closed out by 12pm as after this time you do see crazy moves but it was pointed out to me that its great if your on the right side. Well Friday I don't want to give back so I'll hit and run thanks (y)

Soon after USD/JPY dropped to an all time low :p so my rules saved me on this one :clap:

Not set the world on fire this week but that was not my goal. After last week I just wanted to refocus and trade well with Low Risk and NO Weekly Loss. I achieved what I set out to do (y)

Instaforex
Open $184.49
Close $184.50
P/L +$0.01
+0.3 pips
Total pips +1282.7

Weekly Summary
Open $181.44
Close $184.50
P/L +$3.06
+203.4 pips
Total pips +1282.7
Trades 203
90.00 Lots needed +3.4

Looking foward to WEEK 8 :-0

Have a good weekend all (y)

SAFE TRADING
 
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