Traders Laboratory Forex Trading Contest!

[Ingot54 13]

My DD exceeded 20% so I am resigning the contest. Shame really, because since I closed the positions, one has resumed the direction I traded initially.

 

However - that's the way of it.

 

Look forward to spotting the eventual winner - good luck to all.

 

I still hold gold in my live trading. I didn't trade it in the contest.

[Mysticforex 13]

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Sorry for the tardiness of the updates. I got a flu or some bug.

[Mysticforex 13]

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[Mysticforex 13]

Ingot, you are still in. Although your total loss exceeds 20%, you were never over 20% at any one time.

[TheNegotiator 13]

I wonder if this thread gets the "Hot Topic" feature on the newsletter whether there might be lots of others willing to enter the contest?

[bobcollett 10]

Ingot, you are still in. Although your total loss exceeds 20%, you were never over 20% at any one time.

 

OK Ingot

You can still win

I am going to help you using the moon. Your method will take too long.

Sell the Euro v US$ for a target 1.26.

Take a small real position and take the maximum for this contest

regards

bobc

[Ingot54 13]

OK Ingot

You can still win

I am going to help you using the moon. Your method will take too long.

Sell the Euro v US$ for a target 1.26.

Take a small real position and take the maximum for this contest

regards

bobc

 

Bob - last time I took your advice, I ended up mauled by man-eating Kangaroos while playing night-golf in the light of the full moon!

 

Do you deserve another chance?

Can you be trusted as my private financial advisor?

 

Since it took 5 super-traders to beat me last time, I figure I need all the assistance I can get. Don't you have something better than the EURUSD?

 

Had I not attempted to avoid the 20% DD from the GBPNZD which put me nearly 20% ahead, I would been leading by quite an obscene margin

 

The GBPNZD has since come thundering back in the original direction, and all I have is tears! :crap::doh::crap::doh:

 

But I did make a few shekels on it in my live trading, after ditching gold, so all is not lost.

 

I will drop in another trade shortly to try to at least save face

 

But as far as your advice goes ... I will need to analyse that!

 

[bobcollett 10]

Hi Ingot

OK. I understand. You think I'm a lunatic

I withdraw my offer of help. Too late.

I will be watching your position on the log very carefully :haha:

regards

bobc

[Ingot54 13]

Hi Ingot

OK. I understand. You think I'm a lunatic

I withdraw my offer of help. Too late.

I will be watching your position on the log very carefully :haha:

regards

bobc

Too late ... far too late mate.

 

I have gone short the EURUSD, despite my inner self ... my HIGHER self ... screaming ... "nooooo!"

 

I will send you an account for the damage!

 

And I will take the pledge!

[Obsidian 10]

I wonder if this thread gets the "Hot Topic" feature on the newsletter whether there might be lots of others willing to enter the contest?

 

it would be real nice if we had at least 20-30 traders in the contest

 

OK Ingot

You can still win

I am going to help you using the moon. Your method will take too long.

Sell the Euro v US$ for a target 1.26.

Take a small real position and take the maximum for this contest

regards

bobc

 

You should listen him Ingot

[Mysticforex 13]

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[ForexTraderX 10]

So... are their prizes this time around? Because man... every time the first rolls around, I'm too preoccupied with all sorts of psych nonsense, and I don't even take a look at this thread for 2 weeks.

 

Then, about 3/4 of the month in, I click the thread, see the leaderboard, and kick myself for not entering.

 

That's ok. I'll just faux enter. psudo compete. "play pretend" and think of how cool I am for winning (or being ahead) in something I'm not even involved it. It's just gonna be a way for me to live vicariously through myself.

 

Too bad though for me though...because my pretend competing is doing pretty well this month:

 

FTX - Sample System | Myfxbook

 

:::shrug:::

 

oh well. another month, another train leaves the station of milk and honey...with the next stop, fantasyland.

 

FTX

[Ingot54 13]

So... are their prizes this time around? Because man... every time the first rolls around, I'm too preoccupied with all sorts of psych nonsense, and I don't even take a look at this thread for 2 weeks.

 

Then, about 3/4 of the month in, I click the thread, see the leaderboard, and kick myself for not entering.

 

oh well. another month, another train leaves the station

 

FTX

ForexTraderX

 

Tie a piece of string around something important on your body to remind you, if a simple calendar is not helping.

 

Focus, commitment and enthusiasm!

[ForexTraderX 10]

ForexTraderX

 

Tie a piece of string around something important on your body to remind you, if a simple calendar is not helping.

 

Focus, commitment and enthusiasm!

 

Well, that's just the thing Ingot... it's that not that I forget exactly...it's that I psych myself out near the end of the month it seems, and therefore elect to skip the competition.

 

Of course, that whole "psyched out" feeling goes away usually after the first week of the next month... and then I regret not signing up. So I think i'm not gonna talk about it anymore. I'm either going to do it, or I won't... but I'm tired of publically airing my own psych challenges, lol.

 

Btw.... do u have the signup link Ingot?

 

FTX

[Ingot54 13]

OK Ingot

You can still win

I am going to help you using the moon. Your method will take too long.

Sell the Euro v US$ for a target 1.26.

Take a small real position and take the maximum for this contest

regards

bobc

 

You should listen him Ingot

 

How's that trade going guys?

 

I am not sure whether to be regretful or happy.

 

I am still waiting for the full moon before I go short.

[Ingot54 13]

Well, that's just the thing Ingot... it's that not that I forget exactly...it's that I psych myself out near the end of the month it seems, and therefore elect to skip the competition.

Just get registered and make the decision to trade or not later on. You at least have the opportunity to play or not then.

 

Btw.... do u have the signup link Ingot?

 

FTX

At this link ... post #129

 

http://www.traderslaboratory.com/forums/forex-trading-laboratory/9303-traders-laboratory-forex-trading-contest-5.html

[Obsidian 10]

How's that trade going guys?

 

I am not sure whether to be regretful or happy.

 

I am still waiting for the full moon before I go short.

 

I am happy as long as we are not stuck in a tight trading range

next time I am going to join with mt4 account and find a way to link to my trading account...

[Mysticforex 13]

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[bobcollett 10]

I am still waiting for the full moon before I go short.

 

You have to short before full moon.

Just after full moon the market will strengthen and thats next month, .....new contest.

Something else to remember. If the market holds its strength NOW, during the red period (new moon), it will make a nice move up after the 29th.

No more secrets.

regards

bobc

[4EverMaAT 10]

Just get registered and make the decision to trade or not later on. You at least have the opportunity to play or not then.

 

 

At this link ... post #129

 

http://www.traderslaboratory.com/forums/forex-trading-laboratory/9303-traders-laboratory-forex-trading-contest-5.html

 

I think he was referring to specific steps to register for the contest. These steps should be such that if everyone follows them, they will be fully registered for the contest. I have not seen one post that was clear about exactly where to sign up. It should be one link for the contest, and on that webpage, a button that says 'register'. I do not see this unfortunately.

 

I've never seen a contest so difficult to sign up for.

[Ingot54 13]

Hi 4EverMaAT

 

I agree it can be a bit of an adventure negotiating

all the links, so I'll try to set out the steps. Those

who have already nutted it out have probably

forgotten the number of choices to be made to get

there.

 

* Go to OANDA - Forex Trading and Exchange Rates Services | OANDA

*Click on the link “Forex Trading” which takes

you to the link that applies to your zone.

* Click on the GREEN link that says: “Register for fxTrade”

* That takes you to a sign-up page – EVERYONE

has to sign up – demo or not, so you need to

complete these details.

* Note that the “PRODUCT” in the first line

has to be changed to “Free Demo Account”

* The rest is straight forward – most people

choose “US Dollar (USD)" as their account

currency – it makes little difference to the %

profit/loss results for your account.

* Once details are completed, click on the

link: “START REGISTRATION”

* IMPORTANT: Write down the Username and

Password you used when registering – it is

quite a tedious step to find them later if you

forget either of them.

* You will then be taken to the confirmation page.

* NOTE Make sure you go to your email box and

click on the confirmation link. You can go

direct to the “Sign in to fxTrade Practice”

from there, or follow the links below.

* I bookmarked my sign-in page for speedy access.

* You have now established your account. NEXT

step is to log in to it, and find out the ACCOUNT

NUMBER Write it down too, next to your Username/PW

Oanda calls this your “Primary” Account number.

* Go back to OANDA - Forex Trading and Exchange Rates Services | OANDA and “SIGN IN”

* Make sure you choose: “fxTrade Practice” and not:

“fxTrade” or it will refuse to recognise your details.

* You then need to make a cup of coffee while

Oanda opens up the trading platform! It takes

about 60 seconds at times.

* Note that if you close the little pre-charts box,

the trading platform will not open. If you find

it is in the way, shrink it down out of the way -

it still functions from there.

* Your account number is displayed at the very

top of the browser. Eg “fxTrade Practice – Ingot54 – Primary (1909**)”

 

That takes you through the set-up phase.

 

If anyone can add or clarify things further, feel free to suggest.

 

In posting this, I went through the setting up of a brand new account under a new user-name and password, so it should work for you.

 

In the next post, I will show how to register for the contest.

[Ingot54 13]

Next step to join the contest.

 

You might find the info on this page useful – in any case, the links are here:

 

Forex Trading Contest | OANDA fxTrade

 

Choose the link: “See Current Contests”

 

https://fx2.oanda.com/mod_perl/fxcontest/fxcontest.pl?rm=listContests

For our purposes, we need to find the current contest. There are only a couple of pages of these, so we will be looking for the “October 2012 Traderslaboratory” link.

 

It's on page 2. You would usually see a link “Join this contest” if membership is open.

As entries for the current contest have closed, you will need to wait until the new one is set up.

 

But you are in luck – Mystic Forex has already set up the new one, and it is called

“Novenber Traderslaboratory Forex Trading Contest” and the joining link is displayed on the right hand side under “Contest Dates.” (Small typo there in spelling “November” as “Novenber” - sets ours apart form the cheaper contests )

 

Once you click on the “Join this contest” link, you will be taken to the sign-up page.

 

Make sure you WRITE DOWN the details you enter there – because if you forget what user-name you nominate for the game, you will have trouble getting your trades entered in the contest, possibly. I chose the uncomplicated route of using the same user-name everywhere.

 

That's about it.

 

I realise it may seem simple to myself, but for first time users, there are always uncertainties.

 

Please have a go ... and ask questions – will be glad to help.

[Obsidian 10]

just want to remind a small detail, you can create a subaccount which you can enable mt4:

[Mysticforex 13]

just want to remind a small detail, you can create a subaccount which you can enable mt4:

 

Thanks for that info Obsidian !

 

You can now sign up for the November Contest.

 

I guess November will be a 1 month contest. For Dec we will try a 2 month. December and January. This will also compensate for the holidays a bit.

[Ingot54 13]

Thanks for that info Obsidian !

 

Think nothing of it - it was a pleasure