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$409k Challenge Part 2 137 replies

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$409k Challenge

  • #21
  • Jan 8, 2020 9:31am Jan 8, 2020 9:31am
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Ronnie Renko
  • #22
  • Edited 5:24am Jan 9, 2020 3:21am | Edited 5:24am
Just a few Shillings towards our "Pot of Gold"
Waiting on Gold.
R
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Ronnie Renko
  • #23
  • Jan 9, 2020 4:07am Jan 9, 2020 4:07am
Quoting Ced74
Just a few Shillings towards our "Pot of Gold" Waiting on Gold. R {image} {image} {image}
What indicators do you use? what is your system?
  • #24
  • Edited 6:57am Jan 9, 2020 6:31am | Edited 6:57am
Update to post 18.
Now trading this pair...Slowly as it goes...Red Flag news at 6.00 am my time ....In 4 hours time.
R
Ronnie Renko
  • #25
  • Jan 9, 2020 7:02am Jan 9, 2020 7:02am
Quoting mrdfx
Today was a really good day and I manage to complete week 1 with a little extra in the tank for next week. As I have already completed this weeks target of +25% I will only trade if I see a really good set up. {image}
Ok so I saw a good opportunity to short Gold today and took a quick scalp adding 2.7% to the balance.
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Truth is like poetry. And most people f*cking hate poetry.
  • #26
  • Jan 9, 2020 7:45am Jan 9, 2020 7:45am
2.43 a.m.
Time for bed.
Ended up taking 6 scalp trades for 48 pips on the euraud...Testing small scalps for this plan .
R
Ronnie Renko
  • #27
  • Jan 10, 2020 12:22am Jan 10, 2020 12:22am
Quoting mrdfx
{quote} Ok so I saw a good opportunity to short Gold today and took a quick scalp adding 2.7% to the balance. {image}
It all adds up and this is what this plans is about..Slow and Steady and no risk taking...No need to trade every day.
Looks like you and I are the only ones who have the balls for this plan.
Cheers,
R
Attached Image
Ronnie Renko
  • #28
  • Jan 10, 2020 12:32am Jan 10, 2020 12:32am
7.32 p.m
Managed to squeeze a few more trades out of this pair to-day...Safe trades.
R
Attached Image (click to enlarge)
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Ronnie Renko
  • #29
  • Jan 10, 2020 2:43am Jan 10, 2020 2:43am
Quoting Ced74
{quote} It all adds up and this is what this plans is about..Slow and Steady and no risk taking...No need to trade every day. Looks like you and I are the only ones who have the balls for this plan. Cheers, R {image}
I don't anticipate many people to join in and this thread will probably only gain more attention in August/Sept when the compounding really kicks in and the balance hits 20-50k.
Truth is like poetry. And most people f*cking hate poetry.
  • #30
  • Jan 10, 2020 10:42pm Jan 10, 2020 10:42pm
Yes indeed.
I have been doing this for over 20+ years so I am aware of human nature/greed /freeloaders in the forums....Everything I have have done in life I have given 100%./......I will support you in this thread whilst you go down this path but I am happy to fade away and continue on my own path....At my age every day is a Blessing...I am going for 102
Cheers,
R
Ronnie Renko
  • #31
  • Jan 11, 2020 12:14pm Jan 11, 2020 12:14pm
I am also doing the same starting with $695 starting balance but using small lots for 20 pips. try to keep my journal updated. I also have an explorer attached with live account. let's see how it goes.

Good Luck.
Nature never rushes, yet everything gets done, so be patience!
deekay4x Return This Month: na
  • #33
  • Jan 11, 2020 8:42pm Jan 11, 2020 8:42pm
Quoting blackhatfx
With a take profit in pips that small, it's no longer bound by any strategy but just pure luck. No strategy can be consistent at that level of micro movement of the market.
I should not be wasting my time answering this post but perhaps I have misunderstood the post.
If I am correct I would suggest you and go look at Aussi,s thread...He has been doing this for 40 years and make a great deal of money with small T/Profit. Digger1 is also a pro.....I have been posting live charts for a long time and I trade both short and medium trades.
Sure luck plays a part in everyones life in and outside forex but one wins at forex from hard work and chart time/analysis.
If you are suggesting that 10-20 pip wins has no place in trading then I suggest that you keep your Day Job.
R
Ronnie Renko
  • #34
  • Edited 9:12pm Jan 11, 2020 8:59pm | Edited 9:12pm
Quoting deekay4x
I am also doing the same starting with $695 starting balance but using small lots for 20 pips. try to keep my journal updated. I also have an explorer attached with live account. let's see how it goes. Good Luck.
It is not for me to give advice but there are many compounding plans in cyber space(I like the S35 Plan which I posted on page 1)The secret is in patience and not to be greedy ,remember a fruit tree takes time to grow before producing fruit.and if you do not make your target target to-day or to=morrow then this is no problem...trades will come to you.
I would not get hung up on any particular pip size...I am happy with any win regardless if it is just 5 pip or a 100 pips trade
Just my humble opinion .
R
Ronnie Renko
  • #35
  • Jan 11, 2020 9:18pm Jan 11, 2020 9:18pm
I never trade this pair but it does look to be at an interesting level...Check the swap fee.
R
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Ronnie Renko
  • #36
  • Jan 11, 2020 9:22pm Jan 11, 2020 9:22pm
Here is another.
For evaluation purposes only.
4.25 p.m Sunday and I am planing my week ahead but things can change rapidly in the crazy forex world
R
Attached Image (click to enlarge)
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Ronnie Renko
  • #37
  • Jan 11, 2020 9:37pm Jan 11, 2020 9:37pm
Gold is at an interesting level.
Time to reward myself with a couple of glasses of Grape Juice.
R
Ronnie Renko
  • #39
  • Edited 11:34pm Jan 12, 2020 5:08pm | Edited 11:34pm
Monday
Took Gold sell @ 1558.20
I may get weekly target to-day.
R
Ronnie Renko
  • #40
  • Edited 11:21pm Jan 12, 2020 11:11pm | Edited 11:21pm
Love the glitter of Gold
R
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Ronnie Renko
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