Market is a bit slow and does not show much clarity most of beginning of the week, so the equity progressing a bit slower than i project at this point at 2,865. The good thing is i do not feel any rush which could lead to any forced mistake. I am very willing to sacrifice a little bit of the speed of completion to ensure the success of reaching our goal of 4 times x2.
x2 model (double money) in fx and gold trading
- Thread starter marketdecoder
- Start date
This week i encountered a few frustrated issue from the dealer.
1. They close my 1.6 lot GBPUSD on 1-13-2014 at 1.6368 area, saying that they will stop offering forex trading on this account, and focus purely on GOld. GBPUSD pop above 1.6400 to 1.6440+ next day on 1-14-2014, with my intention to exit at 1.6400 for at least 500 USD profit for the account, instead of their promise of compensating this closure 137.5 USD + commission rebate of 3 pip/lot + 1 pip from spread.
2. This account is being credit 2k ( that i would send them the fund if any loss occur via my connection) when starting this new account from 12/17/2014 , and as it stand now 2.892 USD (after initial 137.5 compensated) + about 110 USD commission/spread rebate , which would stand about 3K+ on Monday . And they want to take out 1k credit as i gain 1k profit in account, which is fine, but i am fully intended to move to a new dealer that allow trading forex + gold, and totally done with this dealer. It s kinda ridiculous that trading with a forex dealer that doesn't allow trading currency, but only gold. For the sake of establishing the template of this x2 model based partially on Forex trading, it is mandatory that i must include currency trading heading toward our goal of 4 x2 .
So at this point, Profit: around 1K so far by monday, 1/2 first 2x for this 2k account. And i intend to wrap up the first 2x of 2k profit within next 2 weeks, which would make it around 1 1/2 month. The pace i am moving is much sustainable and with the ability to endure much better before profiting and moving forward.
Attached is the order being closed on 1-13-2014, the compensated on 1-19-2014(today), and balance as it stand today before i update new balance on monday after receiving commission and spread rebate (it's gross 4 pip spread + 3 pip comm that they are collecting per trade on FX and GOld)
1. They close my 1.6 lot GBPUSD on 1-13-2014 at 1.6368 area, saying that they will stop offering forex trading on this account, and focus purely on GOld. GBPUSD pop above 1.6400 to 1.6440+ next day on 1-14-2014, with my intention to exit at 1.6400 for at least 500 USD profit for the account, instead of their promise of compensating this closure 137.5 USD + commission rebate of 3 pip/lot + 1 pip from spread.
2. This account is being credit 2k ( that i would send them the fund if any loss occur via my connection) when starting this new account from 12/17/2014 , and as it stand now 2.892 USD (after initial 137.5 compensated) + about 110 USD commission/spread rebate , which would stand about 3K+ on Monday . And they want to take out 1k credit as i gain 1k profit in account, which is fine, but i am fully intended to move to a new dealer that allow trading forex + gold, and totally done with this dealer. It s kinda ridiculous that trading with a forex dealer that doesn't allow trading currency, but only gold. For the sake of establishing the template of this x2 model based partially on Forex trading, it is mandatory that i must include currency trading heading toward our goal of 4 x2 .
So at this point, Profit: around 1K so far by monday, 1/2 first 2x for this 2k account. And i intend to wrap up the first 2x of 2k profit within next 2 weeks, which would make it around 1 1/2 month. The pace i am moving is much sustainable and with the ability to endure much better before profiting and moving forward.
Attached is the order being closed on 1-13-2014, the compensated on 1-19-2014(today), and balance as it stand today before i update new balance on monday after receiving commission and spread rebate (it's gross 4 pip spread + 3 pip comm that they are collecting per trade on FX and GOld)
137.5 compensated today for closure of 1.6 lot on 1/13/2014
balance as of now 2,892, which will rise to about 3K+ on Monday morning after receiving rebate on spread and commission.
As planned, i will have 3 user to come in and officially verify the trading record from 12/17/2014 - whenever(planned within next 2 weeks) when wrapping up 1st x2, then i will move the fund to new dealer that trade both forex and gold. For now i try hard not to boil over the 1.6 lot closure which would have made the account around 3.3k at this point.
As planned, i will have 3 user to come in and officially verify the trading record from 12/17/2014 - whenever(planned within next 2 weeks) when wrapping up 1st x2, then i will move the fund to new dealer that trade both forex and gold. For now i try hard not to boil over the 1.6 lot closure which would have made the account around 3.3k at this point.
just to be on the safe side, in case i continue to have any more issue with this dealer until finishing first 2x, i took snapshot of trade transaction from 12/17/2014 til 1/19/2014 , of around 1 month, which including the 1.6 lot closure on 1/13/2014..
1. from 12/17/2013- 12/19/2013
1. from 12/17/2013- 12/19/2013
2. 12/19/2013 - 1/6/2014
3. 1/06/2014-1/13/2014
4. 1/13/2014-1/19/2014..(include the 1.6 lot closure of GBPUSD on 1-13-2014.
the Dealer rebate total 111 usd for commission and spread on 1-20-2014 , which total acct to 3003, and credit out 1k on 1-20-2014, which make account balance stand at 2,003 at the moment as of today 1-21-2014.
P.S: uploading jpg image file as usual, but new elitetrader upload manage attachments keep saying "this is not a valid image file"
P.S: uploading jpg image file as usual, but new elitetrader upload manage attachments keep saying "this is not a valid image file"
This week i am a bit occupied with completing the nut analysis viewer platform, but the account still move forward at 1,275 usd profit thus far, according with my expected reaching of 1st x2 by next week or latest is 2 more weeks ( 1 week behind schedule). At this point i am very keen of the sustainability of trading to reach goal rather than its speed as stated on early post. Find the balance in executing that progress accordingly with the aggressiveness is one of the hardest thing to do in trading, and as i shared with one of the user that i am at the verge of having it, regardless how aggressive/conservative the model is. Anyway, i am posting those image that i supposed to be able to last week along with this week number.
1. dealer credit out 1k last week, compensated 137.5 to the liquidation of GBPUSD position, rebate of commission + spread .
2. account equity this week
1. dealer credit out 1k last week, compensated 137.5 to the liquidation of GBPUSD position, rebate of commission + spread .
2. account equity this week
