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Trading a Small $50 Forex Account To Over $3000 Using Gold (XAUUSD) Only — Transcript

by Mr P Fx · 2,925 words · 392 segments · language en · Watch on YouTube

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0:00here is a $27 account with over $8,000
0:02of withdrawal within 24 hours and here
0:04also is a
0:05$239 account with over $9,000 of
0:08withdrawals within 24 hours or now we
0:11are starting with a $50 account and the
0:13mission is to replicate this exact same
0:16results within the next few hours number
0:18one we'll be using a standard support
0:20and resistance number two we'll be using
0:23a standard breakout and retest number
0:25three we'll be using our rejection
0:26candlesticks number four we'll be using
0:28a standard time frame of 5 minutes and
0:31also a 1 minute time frame The Leverage
0:33you'll be using will be one to unlimited
0:35leverage and we'll be trading on gold
0:37currently that's xcu USD what you must
0:39noce that we'll be trading extremely
0:41fast and that means thinking very very
0:43fast and the reason for that is because
0:45we're using unlimited leverage and we'll
0:47be using a lot of risk on this trade
0:49because we're trying to push $50 into
0:52several thousands of dollars so that if
0:54you can watch this video from beginning
0:55till the end you should be able to see
0:58exactly how we be optimizing our risk
1:00management and you should be seeing
1:02exactly how be storming into our sniper
1:04entries to prevent any form of crazy
1:06retracement lastly all I'll be using
1:08will be my mobile device only just my
1:11mobile device okay so you can actually
1:12see we are using a $50 account around
1:15the spot and you can just see the
1:16accounts right so this is exactly what
1:18you'll be using like I already told you
1:19we'll be using one to unlimited leverage
1:22and then we'll be trading using a $50
1:23account smoothly just like that okay so
1:25let's start now now we'll be using a go
1:28chart like I already told you you can
1:29see the account everything is actually
1:31clean so let's just go to a gold right
1:33so that's what we just be using all
1:34right now first we're looking at our
1:36standard breakout and we are combining
1:38with our rejection Candlestick creating
1:40a functional level just around the spot
1:42very clean right everything is looking
1:44good and now what we're expecting is for
1:46this CH to heater Z which it seems like
1:48it has done right zooming that out you
1:50can easily see that right so if I go on
1:52my one minut time frame now you can
1:53easily see that also right just dropping
1:55down and now we can St into some trade
1:57on 0.1 but then just a second let's just
2:00quickly confirm some other stops here
2:02okay it's around that level now you can
2:04easily see that right it just hits a
2:06functional level look at that can you
2:07see that it just hit a functional level
2:09so what I want to do now is I want to
2:11sto into the straight I want to sto into
2:13the straight so let's just go on 0.1
2:16remember I'm using uh unlimited leverage
2:18and because of that I can add more
2:19traits than usual right even though is
2:22why we need to get a sniper entries
2:23right good okay so this is what we're
2:26having now we still be adding some more
2:27trades I think but let's just try
2:29doubling to like 8 100 bucks let's see
2:31when it hits 00 bucks I'm closing the
2:33tra so that we can optimize our Capital
2:35first so we can optimize okay I'm
2:38getting ready to shut down the Straits
2:40I'm getting ready okay uh okay we're
2:42almost there okay let's just shut down
2:44the Straits let's close this trra let's
2:45close boom so we're having about 98
2:47bucks a little bit below 100 bucks but
2:49that's still okay now let's check out
2:51for the next formation instantly now
2:52what are we have in here uh we're still
2:54having a $98 just in case right $98 so
2:57you're not confused just be with us 98 8
3:00and then uh we we are having a massive
3:02rejection and what can you see here now
3:04the chart is literally pushing towards
3:06the top already right everything looking
3:08very clean and smooth okay so what we
3:11can see now can you see this now what
3:12can we do we can easily see stock into
3:14some more trades right that's what we
3:16can easily still do on this trade right
3:18we can easily syst stem it now what I'm
3:19trying to do is I'm trying to optimize
3:21my Capital to begin with because my
3:23capital is still extremely low so uh
3:25let's let me just add some more trades
3:27and like I said the reason why I can add
3:28more trades because I'm using unlimited
3:30leverage so don't be confused at all so
3:32M as a capital just pushes up a little
3:34bit more I'm closing okay I'm closing
3:36the straight I'm closing the straight
3:37can you see it has hit my maximum Zone
3:39around the spot I should be expecting
3:40retracement let me leave this straight
3:41good so now we having about 238 bucks
3:44238 bucks just around this spot right
3:46balance equity and my free margin
3:48everything is good okay now let's look
3:50at it again I think we're going into
3:51another trade here again now we're
3:53having a maximum capital so I just want
3:55to stomp into some more trades because
3:57I'm expecting that this chart should
3:58push above this region which it seems
4:00like it's already doing look at that so
4:02I want to add some more trades I want to
4:03add some more okay let me just turn it
4:05to 0.5 this time around uh let's just go
4:08in now okay okay let's St into this tra
4:11let's St in but but then can can you see
4:13this stuff now what I'm actually showing
4:14here let's St into this trade though
4:16let's just sto it because the chat is
4:17actually moving so we don't want to play
4:19too much like that right we don't want
4:20to play too much like that okay okay
4:23let's talk into some more okay okay I
4:27think we might add but let's let's just
4:29hold hold on for the
4:30meantime I just hold on kind of like
4:33dropping down now just add okay okay
4:37it's okay okay I think this this pushing
4:39up remember I'm trying to optimize
4:41Capital as much as possible right why
4:43using United leverage okay okay uh okay
4:48still fluctuating still fluctuating okay
4:5068 red 68 red not very good but uh we're
4:54back into some nice profit so we just
4:56want this stuff to push up a little bit
4:57more again and we can we can shut down
5:00our trade again want to optimize the
5:01capital to to push our B first because
5:03we are using unlimited leverage and we
5:05are using a lot of risk are trading with
5:07unlimited leverage right okay so we're
5:09still playing around this $47 47 okay
5:13now this pushing up okay let's let's
5:15shut down this stade let's get ready uh
5:17we'll be shutting on this trade very
5:18soon when you just hit let's say th
5:20bucks I'm living this trade when you
5:21just hit but then you can easily see a
5:23level that is getting created just
5:24around this region right can you see
5:26that hey does it does it it's it's okay
5:28so we just leave like th000 bucks we
5:30might expect like a retracement around
5:32that Z so it's fine okay let's just
5:33leave the trade okay so what are we
5:35having now all right so we still having
5:38a th000 bucks about having just around
5:401,000 bucks here so that for the
5:41meantime we just have to wait maybe a
5:43little bit because the chart is actually
5:45just pling around a crazy region right
5:47so we'll be stom into the trade but now
5:49we have to chill a little bit because we
5:50just hit about $1,000 of profit meaning
5:53that our capital is kind of like much
5:54more stable now uh a leverage might drop
5:57for unlimited from unlimited to around
5:59one 1 to 2,000 I don't know because the
6:02leverage can fluctuate sometimes but
6:04let's see just hope we use unlimited
6:05leverage uh as we continue trading but
6:08for the meantime we just wait give the
6:09chat uh some breathing space for the
6:11meantime we wait for the chat to create
6:12a more perfect formation because we are
6:14not playing around because we're using
6:16unlimited leverage and we need to make
6:18sure that every single entry that we
6:20give is actually as precise as possible
6:22all right okay guys so this exactly what
6:24we're having currently you can easily
6:25see what what just happened Dro down
6:27towards our range here for retest and
6:29now pushed up and it's playing around a
6:30build up level right so be St into this
6:32trade because it has pushed above a
6:34build up level right so we're waiting
6:36for this stuff right now if you even
6:38check out the Stu you should notice
6:39another build up level that is just
6:41occurring just right beside it right you
6:43can easily see that right just occurring
6:45right beside it and then this became the
6:46second right and so it dropped back down
6:48to give a retest right and now it's
6:50pushing up above towards this particular
6:52range that we're having just around this
6:53region so hit this region we're zooming
6:55off the straight but then uh it's
6:57dropping down so I would want to add
6:59some trade because it has actually uh
7:01what to CL gotten rejected from around
7:03the Zone towards a build up level so
7:05what we should be expecting next should
7:07be a massive push towards the top so uh
7:09I would just want to stuck into some
7:11trades again using I think my 0.5 using
7:14my 0.5 uh but I'm still just monitoring
7:17to see uh okay okay I think I think we
7:19can go into this trade I think we go
7:21into this trade this doesn't look bad
7:23because you can see it actually just hit
7:24a maximum Zone around this spot so I
7:26think we can go into this trade I think
7:27we can go uh we can go into this trade
7:30let's just talk into some trades here
7:31talk into some trades uh guys remember
7:34this is possible to St into so many
7:36trades like 0.5 because I'm using onited
7:38leverage so you don't have to ask that
7:40in the comment section you don't have to
7:42ask that again in the comment section
7:43okay so we are still pushing about over
7:45200 currently that's uh okay dropping a
7:48bit also back to zero right we're back
7:51to zero okay see just fluctuating
7:53fluctuating right uh just fluctuating
7:56and the reason why you can't see free
7:57margin also so you don't have to ask
7:59that in the comment section is because
8:00of unlimited leverage also so you don't
8:02have to ask that also right okay so it's
8:04all because of unlimited leverage okay
8:06so the chart is actually pushing nicely
8:08now so okay so that's over 500 uh $500
8:11of profit over
8:13$500 okay uh okay good so this is
8:16exactly what you're having now so this
8:17just pushing nicely this is just pushing
8:19nicely but then uh we it's getting okay
8:22so this uh I think maybe like 3,000 and
8:25above should be okay for us we don't
8:27want to keep going like that because we
8:29are stucking in a lot of traes okay
8:31let's just wait a bit more let's just
8:33wait a bit more I I I want I want to
8:35have at least $3,000 on this account uh
8:38but then you can see what we having for
8:40the meantime but then I want to have at
8:41least 3K on this account at least 3K but
8:45I might be zooming off this trade
8:46because look at this look at look at
8:48we're having rejection and it's
8:49completing again okay let's live this
8:50trade I think that's it that's it but
8:52then let's just patient if you can hit
8:533,000 at least 3,000 then I zoom up the
8:56straight because we already we already
8:58getting okay I think we just leave we'll
9:00just leave we might not wait for 3,000
9:01we might have to stock in maybe some
9:03more Trad again right let's just leave
9:06let's just leave boom okay so that's
9:07roughly like 2.5k so uh we'll have to
9:10look for another position now we have to
9:11look for another position but this
9:13actually great uh 2.5k already right
9:15remember we started from just $50 of
9:17profit now uh $50 of capital uh even
9:20though we are trying to like stuck in a
9:22lot of trades right so that's basically
9:24our balance our Equity of course and our
9:26free margin we're trying to stuck in a
9:27lot of Trades of course but uh but yeah
9:30so we're running over 2.5k now so you
9:32can see that a connecting Candlestick
9:34actually just got formed so let's talk
9:35into some more trades again talking to
9:37some more tra
9:39again okay now we just want to hit like
9:413K and above and uh we're good just 3K
9:44and above and we're good three and above
9:46and we're good uh you can see the
9:48connecting Candlestick again just in
9:50case you didn't see it before uh so uh
9:52let's let's just see let's just see uh
9:55okay that's the next Candlestick pushing
9:57up uh okay five minutes it seems to have
10:00hit a level but then that's over $3,000
10:03right uh okay drop again playing around
10:06okay okay it's just fluting uh let's
10:08wait for it to push up at least a little
10:10bit so we don't close and then it's
10:11below $3,000 right I just wait for it to
10:14push up a little bit more just a little
10:16bit more I'm going to show you the level
10:18also that it has hit a level okay let me
10:20just show you that already now look at
10:23our normal standard uh a normal standard
10:25uh uh resistance level that was actually
10:27created here you can see that right
10:29right a standard resistance level that
10:30is actually around the spot and so
10:32because of that we will have to live
10:33this trade anytime from now okay that's
10:36that's over 3,000 let's leave the
10:37straight boom so now we are running over
10:39$3,000 of profit very smooth so this
10:41account is actually extremely clean you
10:43can see that over $3,000 here Equity
10:46also of course and then uh a free margin
10:49also just everything just looking very
10:51smooth like that you can see let me just
10:52show you this all over again you can see
10:54the account everything is actually clean
10:56everything is actually clean as clean as
10:58as clean as get right so uh what we just
11:01processing next on this account we just
11:03processing a withdraw very quickly again
11:05right so we just process our withdrawals
11:07and uh we'll just be right back we just
11:08cashed out about 2 appro 3K that's what
11:11we just cashed out 2998 right so we just
11:14cashed out appro 3,000 bucks smoothly
11:17just like that and you can see our
11:18deposit was about $50 there and the
11:20balance is now back to uh $50 uh just
11:24the way it was before right so that
11:25everything is actually very very clean
11:27and everything is actually very very
11:28smooth yeah boom all right just remember
11:30guys all we simply use there just like I
11:32already told you majorly was our
11:34rejection Candlestick a support a
11:36support and resistance we use just a 5
11:37minutes to 1 minute time frame we're
11:39using a one to unlimited leverage and
11:41the overall foundation for all of our
11:43trads today was a breakout and retest
11:46waited for a maximum breakout to occur
11:48and then im midle as the retest was
11:49completed we sto into the trade we also
11:51look for our build up levels of course
11:53to make sure that when we're sto into
11:55our trades our trades are as sniper as
11:57possible because we're using Unlimited
11:59leverage so it means that any little
12:01fluctuation can take us out and then the
12:02reason why we have to leave now is
12:04because we can't continue trading like
12:06that because the market is not extremely
12:08favorable now anymore the formations
12:10that will get created from this Zone
12:12because it has hit a maximum resistance
12:14level right so going into those trades
12:15from there becomes risky right so
12:17because of that we can't just keep going
12:19indefinitely right so because of that we
12:21just have to stop on $3,000 we able to
12:23push a $50 accounts du to over $3,000
12:26accounts just like that and of course we
12:28don't like tempting the broker or
12:29wasting peeps so because of that we just
12:31had to hit on the withraw button
12:33instantly to just cash out all our
12:35profits on the market lastly just
12:36remember I made that this video hits
12:37over 1,000 likes I'll be coming back to
12:39this very video running through the
12:41comment section and I'll be selecting
12:42three random traders that will be
12:43funding $3,000 each just like that so
12:46that if you're new to this YouTube
12:47channel just remember to hit on
12:48subscribe button hit on like button and
12:50also remember to turn on your
12:51notification Bell so you don't miss any
12:53videos that be dropping out from this
12:54place so I say bye for me guys I'm Mr P
12:56peace

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