November 2018 was a pretty solid month. This was the first month I made the majority of my trades the Lightning Trades. I still have 1-2 Bread and Butter Trades on but I am only taking those now when the rollover rate is positive and price has gone past the 423% Fibonacci extension.
Another change in November was that I went down to the 15 minute charts. Especially for the Lightning Trades. This is a long enough time frame to get some good profitable pips. And I shouldn’t have to wait months for the moves to complete. It looks like they take a couple of days to a couple of weeks.
That was the biggest drawback of using the 4 hour charts. They could take months if not over a year to complete from a huge move. The 1:50 leverage is still much slower growth than the 1:400 I had previously.
Although it does keep me safer because I have to be very mindful of not being over-leveraged. But man 1:400 sure was nice because you could put a ton of trades on and watch them work without having to worry about margin.
For some reason September is not registering with MyFxBook. Also I can only get the Track Record Verified and no the Trading Privileges verified. Forex.com won’t let you change your investor password so I think I’m stuck not being able to register it. I’ve tried opening up a trade with the investor password in the comments of the trade but MyFXBook still didn’t register it. So I don’t know what is going on.
Next month I hope to hit the 10% monthly gain change. It might not happen due to Christmas and New Years being slower trading times. But with the Lightning Trade I think it really helps.
I’m also using the 127-143-161 trade but only if price is much higher/below the 161 level. Because then I can take the trade, set the exit and forget about it. I actually have one of those going on right now.
So I still look to use my other trade setups but only when they are at extreme levels. The main setup is the Lightning Trade that I am actively looking for. I am also not looking to take the breakout 1st entry. I’ve decided it isn’t worth it because when it goes against you it takes a good bit away from your profit potential. You also have to tie up more margin by going larger to make up the difference.
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November 2018
The Results
As you can see from the graphs above I came in with a 6.71% growth to my account for November. Decent but hopefully it will improve as I dial in the Lightning Trade.
I’m ahead of schedule of making $1k profit within a year. In fact I should have it by January. I’m fixing to start entering with .02 lots rather than .01. Especially when I get over $3k. This will really start to speed things up.
The biggest thing I have to keep in mind is the margin. I got rid of all MXN pairs because the 400% margin was too much. The rollover rates were really good but the margin is too much. I’ve also got rid of most pairs that don’t have one of the rollover rates being positive.
How can each rollover rate be negative for a pair? It makes no sense.
I’m also not touching the CHN or any of those crazy exotic pairs because the margin ranges from 500%-1,000%. Nothing above 250% and even 250% is pushing it. 200% or lower is much better.
Conclusion
Anyways, this is my favorite time of the year. I always enjoy the end of October because it cools off here in Houston. Then you have halloween. Thanksgiving in November was the other week which is always awesome. And now it is Christmas time! I can’t wait to drive around and look at the Christmas lights.
Plus college football bowl season is right around the corner! Awesome and sad at the same time because once over I have 7.5 long months until it starts going again.
Here is to ending 2018 on a strong note and doubling my account in 2019!
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