Traderji.com


“the global forex challenge” – the final frontier

Discuss “the global forex challenge” – the final frontier at the Forex within the Traderji.com; There is an illusion that one has to be a money bag with deeper packet ...


Go Back   Traderji.com > THE MARKETS > Forex


Forex Discuss trading the foreign exchange markets.


Reply
 
Thread Tools
  #1  
Old 6th January 2016, 03:37 PM
Member
 
Join Date: Jan 2015
Location: trading market
Posts: 309
Thanks: 32
Thanked 713 Times in 215 Posts
howardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to behold
Default “the global forex challenge” – the final frontier

There is an illusion that one has to be a money bag with deeper packet to trade forex. With this Initiative, I’m out to prove this wrong, big time.

]“100 trades ... 100 days ... 1,00$ to 5,00$”
“100 trades ... 100 days ... 1,000$ to 10,000$” ...


You read it RIGHT and I mean it. 10 times returns in 100 days.
Salient features of “The Global Forex Challenge”.
1. Maximum risk profile per trade will be 1.5% of the latest equity, throughout the challenge period. This 1.5% constitutes the Stop Loss, not the margin.
2. Maximum risk profile on the equity will be 10%, meaning the maximum Absolute Draw Down will not be more than 10$ on the 100$ account.
3. I will update the daily trades at the end of each trading day, along with trading statement, rules for the entry, exit, stops and targets etc.
4. Challenge will be closed in maximum 100 trades.
5. Challenge will be closed in maximum 100 trading days.

Guys, few traders tried this kind of challenge in the past. But, for the reasons not known to the public, the challenge/s fizzed out in between, without the logical conclusion.

I wish, pray and Plan to be The Exception. I’m not trying to compete with anyone. I’m trying to just keep making myself better, better than previous trading day.

Guys, apart from your wishes, I also need your advises, questions / doubts, thoughts etc. As I’m at the fog end of my preparation, your inputs will help me a lot, before I draw the final battle line.

Let us stay Green bucks and in Green pastures

Last edited by howardroark; 6th January 2016 at 04:04 PM.
Reply With Quote
The Following 4 Users Say Thank You to howardroark For This Useful Post:
DSM (6th January 2016), mechtrader (6th January 2016), monkeybusiness (6th January 2016), vasan56 (6th January 2016)

Looking for a share broker?

Name:Phone:
Email:City:
State:
Are you a day trader?
  #2  
Old 6th January 2016, 03:58 PM
Member
 
Join Date: Jun 2014
Posts: 267
Thanks: 109
Thanked 864 Times in 210 Posts
mechtrader is a splendid one to beholdmechtrader is a splendid one to beholdmechtrader is a splendid one to beholdmechtrader is a splendid one to beholdmechtrader is a splendid one to beholdmechtrader is a splendid one to beholdmechtrader is a splendid one to behold
Default Re: “the global forex challenge” – the final frontier

Good luck.

MT
Reply With Quote
The Following User Says Thank You to mechtrader For This Useful Post:
howardroark (6th January 2016)
  #3  
Old 6th January 2016, 04:20 PM
monkeybusiness's Avatar
Member
 
Join Date: May 2015
Posts: 678
Thanks: 7,346
Thanked 1,373 Times in 531 Posts
monkeybusiness has much to be proud ofmonkeybusiness has much to be proud ofmonkeybusiness has much to be proud ofmonkeybusiness has much to be proud ofmonkeybusiness has much to be proud ofmonkeybusiness has much to be proud ofmonkeybusiness has much to be proud ofmonkeybusiness has much to be proud ofmonkeybusiness has much to be proud ofmonkeybusiness has much to be proud of
Default Re: “the global forex challenge” – the final frontier

Subscribed to the thread.
Reply With Quote
  #4  
Old 6th January 2016, 05:45 PM
DSM's Avatar
DSM DSM is offline
Member
 
Join Date: Jan 2013
Posts: 4,324
Thanks: 8,267
Thanked 12,791 Times in 3,443 Posts
DSM has a reputation beyond reputeDSM has a reputation beyond reputeDSM has a reputation beyond reputeDSM has a reputation beyond repute
DSM has a reputation beyond reputeDSM has a reputation beyond reputeDSM has a reputation beyond reputeDSM has a reputation beyond reputeDSM has a reputation beyond reputeDSM has a reputation beyond reputeDSM has a reputation beyond repute
Default Re: “the global forex challenge” – the final frontier

Great!!! Look forward to your post/thread.

Question time :

1. Chart TF traded.
2. Max open positions.
3. Pairs tracked.
4. Max value of open positions.
5. Trading times as per IST.

Good luck...

Quote:
Originally Posted by howardroark View Post
There is an illusion that one has to be a money bag with deeper packet to trade forex. With this Initiative, I’m out to prove this wrong, big time.

]“100 trades ... 100 days ... 1,00$ to 5,00$”
“100 trades ... 100 days ... 1,000$ to 10,000$” ...


You read it RIGHT and I mean it. 10 times returns in 100 days.
Salient features of “The Global Forex Challenge”.
1. Maximum risk profile per trade will be 1.5% of the latest equity, throughout the challenge period. This 1.5% constitutes the Stop Loss, not the margin.
2. Maximum risk profile on the equity will be 10%, meaning the maximum Absolute Draw Down will not be more than 10$ on the 100$ account.
3. I will update the daily trades at the end of each trading day, along with trading statement, rules for the entry, exit, stops and targets etc.
4. Challenge will be closed in maximum 100 trades.
5. Challenge will be closed in maximum 100 trading days.

Guys, few traders tried this kind of challenge in the past. But, for the reasons not known to the public, the challenge/s fizzed out in between, without the logical conclusion.

I wish, pray and Plan to be The Exception. I’m not trying to compete with anyone. I’m trying to just keep making myself better, better than previous trading day.

Guys, apart from your wishes, I also need your advises, questions / doubts, thoughts etc. As I’m at the fog end of my preparation, your inputs will help me a lot, before I draw the final battle line.

Let us stay Green bucks and in Green pastures
Reply With Quote
The Following User Says Thank You to DSM For This Useful Post:
vasan56 (6th January 2016)
  #5  
Old 6th January 2016, 06:06 PM
Member
 
Join Date: Jan 2015
Location: trading market
Posts: 309
Thanks: 32
Thanked 713 Times in 215 Posts
howardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to behold
Default Re: “the global forex challenge” – the final frontier

Quote:
Originally Posted by DSM View Post
Great!!! Look forward to your post/thread.

Question time :

1. Chart TF traded.
2. Max open positions.
3. Pairs tracked.
4. Max value of open positions.
5. Trading times as per IST.

Good luck...
I was hoping and praying you will drop in ... Thanks ... Appreciation is very mutual ... One Randian to Another ...
1. Predominantly 1H intra day, very rare 4H swing trades.
2. 3 maximum positions. But to open any new positions, all the previous trade/s, should be at BE or activated for TSL. This will keep risk profile both per trade and on equity in check.
3. Pairs - During Tokyo Open - EA, GA, EN and GN. During London session - EU, GU, GJ, GBPCAD, EUROCAD, USDCAD and Gold. No new positions during New York as market either does not move or moves abnormally.
4. I will work on Compounding Strategy, meaning the volume / lot size will increase directly proportionate to the increase in the equity. On the other hand, any loss will be compensated by reverting to the previous volume / lot size. The first trade on 100$ will be .01 lot, margin of 5$ and the first trade on 1,000$ account will be .1 lot, margin of 50$
5. Tokyo opens at 5.30 hours, London opens at 13.30 hours and New York opens at 18.30 hours IST. The second 4H candle changes at 7.30 am and this candle will influence all my decisions for the day. That way, trade/s will be opened and run between 7.30 hours through London Close at 22.30 hours IST.

Last edited by howardroark; 6th January 2016 at 06:17 PM.
Reply With Quote
The Following 5 Users Say Thank You to howardroark For This Useful Post:
DSM (6th January 2016), Happy_Singh (20th January 2016), manojborle (9th January 2016), Relish (11th January 2016), vasan56 (6th January 2016)
Advertisements
  #6  
Old 6th January 2016, 06:30 PM
Member
 
Join Date: Jan 2015
Location: trading market
Posts: 309
Thanks: 32
Thanked 713 Times in 215 Posts
howardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to behold
Default Re: “the global forex challenge” – the final frontier

Guys,
Most of you know that I'm a pure Price Action Trader and here is how my chart looks like ...
Please observe how my chart is clean, naked, uncluttered and without too many indicators ... How easy it is on eyes and how easy to interpret

Reply With Quote
The Following 4 Users Say Thank You to howardroark For This Useful Post:
DSM (6th January 2016), hir0406 (8th January 2016), monkeybusiness (6th January 2016), vasan56 (6th January 2016)
  #7  
Old 8th January 2016, 03:05 AM
hir0406's Avatar
Member
 
Join Date: Jul 2009
Posts: 285
Thanks: 43
Thanked 113 Times in 86 Posts
hir0406 will become famous soon enoughhir0406 will become famous soon enough
Default Re: “the global forex challenge” – the final frontier

All the best...
Will follow your charts and hope to learn something
Reply With Quote
The Following User Says Thank You to hir0406 For This Useful Post:
howardroark (8th January 2016)
  #8  
Old 8th January 2016, 04:25 AM
mittens's Avatar
Member
 
Join Date: Jan 2016
Location: 47 North
Posts: 70
Thanks: 129
Thanked 118 Times in 44 Posts
mittens will become famous soon enoughmittens will become famous soon enough
Default Re: “the global forex challenge” – the final frontier

Wow!! good work.
I would love to see how it goes, All the best.

One chart from my side :

take care.
Reply With Quote
The Following User Says Thank You to mittens For This Useful Post:
howardroark (8th January 2016)
  #9  
Old 20th January 2016, 01:53 AM
hir0406's Avatar
Member
 
Join Date: Jul 2009
Posts: 285
Thanks: 43
Thanked 113 Times in 86 Posts
hir0406 will become famous soon enoughhir0406 will become famous soon enough
Default Re: “the global forex challenge” – the final frontier

When are you going to start?
Reply With Quote
  #10  
Old 20th January 2016, 09:39 PM
Member
 
Join Date: Jan 2015
Location: trading market
Posts: 309
Thanks: 32
Thanked 713 Times in 215 Posts
howardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to beholdhowardroark is a splendid one to behold
Default Re: “the global forex challenge” – the final frontier

Quote:
Originally Posted by hir0406 View Post
When are you going to start?
Within a week or two ...
Discussing with few brokers ...
It makes a business sense to have a good broker as a sponsor or a co brand ...
helps my bottom line and publicity .....
will keep you all posted .... minimum a week in advance ......
Reply With Quote
The Following User Says Thank You to howardroark For This Useful Post:
hir0406 (20th January 2016)
Reply

Bookmarks


Advertise Here

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads for: “the global forex challenge” – the final frontier
Thread Thread Starter Forum Replies Last Post
BSE NSE MCX NCDEX GLOBAL FOREX EOD DATA till August12 2010 rkkarnani End of Day 17 12th November 2016 06:56 AM
SPX final wave 5 Vladimir42 Equities 1 9th September 2014 10:38 PM
free program to calculate risk (montecarlo,efficient frontier and more) bob lazar Risk & Money Management 2 9th December 2013 03:02 PM
NFA orders monetary sanction of $320,000 against New York forex firm IKON Global Mark ag_fx Forex 3 4th November 2010 11:16 AM
final choices. please help! e.koren Brokers & Trading Platforms 1 15th July 2010 07:06 PM


All times are GMT +5.5. The time now is 02:16 AM.

Indemnity, Disclaimer & Disclosure Notice:
* By visiting Traderji.com you automatically indicate that you agree to our Forum Rules, Indemnity, Disclaimer & Disclosure Notice and General Content Disclaimer Notice and indemnify Traderji.com, its associates and related parties of all claims howsoever resulting from the usage of the forum/site.
* Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate enquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any advertisement published here. Traderji.com does not vouch for any claims made by the advertisers of products and services. Traderji.com will not be held liable for any consequences in the event such claims are not honoured by the advertisers. Traderji.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of any information by anybody mentioned anywhere on this site.
* Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
* All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy or legality of any information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. Although we constantly delete all irrelevant content and/or SPAM, if you should find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
 


Our Partner Websites: www.chittorgarh.com, IPO Investment Portal | www.topsharebrokers.com, Broker Comparision
Copyright © www.Traderji.com 2001 - , All rights reserved.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70