1%\day average trading USD/CAD over the next year.

Pekelo said:
Hey at least journals like this make ET more interesting. Good luck with the quest...
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Thanks. Its a fun challenge, testing the 1%/day idea, but more importantly testing a theory about the USDCAD pair with real money that I can afford to lose.
 
I've opened a demo account with Dukascopy ( $5000 ) ::: I will trade my demo as and when I have time, my target is also 1% / day average :::

I've taken some trades and I'll be posting the results on Google Drive ( spreadsheet ) :::

First Morning's trades & I'm up about 7% :::

Spreadsheet Results : http://bit.ly/2bdawB3
 
My time is limited today, traded the UK opening :::

Growth for the day is 3.34%

Total Growth 12.84% ( 2 Trading Days )

Spreadsheet Results : http://bit.ly/2bdawB3

Screenshot of Account Balance :

ss-01.png
 
Handle123 said:
It a no brainer that Canadian will go up on the U.S. Dollar eventually. Am short the U.S.D. and long Canadian$
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Yes, indeed, it is definitely a no-bainer. Now, try to profit from this in a way that is meaningful. That's the real challenge with this pair. Predicting eventual direction is rather easy. However, if you rely in this alone, there are probably better ways to invest your money.

I'm well into the hole now, but believe it or not, this is part of the plan. I always buy in the direction of what I predict will be the long term trend. I scalp bits and pieces for as long as I can and then hold the trade when it goes against me. Rinse and repeat. The trick is to dig deep enough to make money while avoiding a point where I can no longer afford to trade or I get a margin call. Eventually, all trades do become profitable if I have correctly selected the longer term direction.

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