Swing Trades | My Forex Funds Account Update & Forex Trading Vlog

In this Forex trading vlog, I share swing trades taken in My Forex Funds Account as well as an update on the prop firm challenge.

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///CONNECT

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- TIMESTAMPS -

0:00 Intro
1:15 My Forex Funds Account Update
3:42 Why I have been frustrated
4:10 5%ers prop firm update
5:46 Personal trading account
6:14 AUDCAD trade recap
7:06 AUDUSD trade recap
7:17 CHFJPY trade recap
7:32 USDJPY trade recap
9:04 EURUSD trade recap
9:20 NZDJPY trade recap
9:54 Open trade analysis AUDJPY

This video shares an update on my trading account challenge with the prop firm My Forex Funds. I also share some thoughts on trading psychology and frustrations that I have experienced with the prop firm challenge, as well as other ideas including the 5%ers prop firm.

I also share a breakdown of trades taken in the past few weeks and a live swing trade analysis for AUDJPY.

I hope you enjoy!

- OTHER TRADING VIDEOS -

You will like this video if you are interested in:

- forex trading for beginners UK
- forex trader
- forex trading uk
- day trading for beginners UK
- day trader documentary
- forex trading price action advanced swing trading strategy
- swing trading forex price action
- swing trading forex strategies
- swing trading price action strategy
- Forex price action strategies
- My Forex Funds
- the 5 ers forex
- 5 ers summer plan
- 5ers prop firm

If you enjoyed this video, please LIKE and SUBSCRIBE for more videos! ✔️

Thanks!

Emily

- Mindfully Trading -

// DISCLAIMER
This video is for entertainment and educational purposes only. I am not a financial advisor and I am not telling you where or when to take a trade. I express my personal opinion only. Trading financial markets involves risk. I am not responsible for any losses incurred due to your trading. I do not recommend any specific trade or action, and any trades you decide to take are your own

#forextrader #myforexfunds #swingtrader #forextrading

[kevinthomas]

Thanks for sharing. I'm also in the 50 K evaluation with MFF.
Looking at your history...
1. It's impressive that you have really not had to go beyond a standard lot size.
2. Your biggest winner was Aud/Cad yet over the next 9 days you never traded it again.
3. On your biggest loser, EUR/CHF, you let it run over 40 pips before exiting.
4. All of your losers were over 30 pips! Why not tighten your stop loss?
5. Especially disturbing to see your loss on UJ because that pair moves at a snail's pace, which
means you had to hold a losing position for a mighty long time. Again, why?

The 50K challenge works out to $133.33 dollars per day for 30 days. After those first 3
winners, you were so far ahead of pace that you could afford to be real picky about the next trades
and even decline to trade if the environment looks toxic (choppy, no follow through etc.)

Good luck to you.

[TraderGaryUK]

I think it is very difficult to pass these challenges on a high timeframe. Maybe try your setups on 15 minute charts or even lower? You might want to cut down the number of pairs you look at if you do this. I trade 6 pairs on 5 minute charts with a method that uses limit orders for entries. That way you are not staring at the screens for hours. Best of luck.

[tonyonyeka]

An a swing trader that trades only the 4 hours. This week was my best trading week for over three months. I was on the Eur/Usd, eur/jpy, cag/jpy and usd/chf because I spotted the imbalances on time with a RR of at least 1:4.
Swing trading is rewarding but needs alot of patience. You can check the accelerated program of MMF. It's more suited for swing traders but the profit split is 50/50.

[LiLPAnCOoKie]

I was in DD also, but if you make 1 or 2 winning trades with good RR your back in Profit real quick, its a process I always say to myself be patient also

[namenone]

Thanks for this video, I'm a swing trader as well, now I understand how to select a prop firm that suits my style. 😀

[bartholomews]

Is my calculation correct? 8% growth in 4 weeks, equates to 172% annual growth?

[Mybodylife]

Emily have you thought about opening 2 trades with half risk each, now I don't know whether magic keys moves your stop for you or not, but you can have a short profit target for the 1st trade, then the stop moves to just above BE allowing the 2nd trade to move in your direction (presumably). This might inhibit your return for a prop trade firm but you just may end up with way less losses.
. The profit target for the first trade would be very short say .7 ATR. The last week was killer but was exceptional I think, lets just hope they are rare.

[olliesmotos]

USD/JPY- If you draw a rising support line from dec to feb you would have not bought at 115 as you'd know you were on a pullback. Notice before it skyrockets there's a nice hidden bullish divergence on the last dip. Try simple trend lines/ channels. Also multi timeframe is good to find divergence and switch to a smaller tf entry with less risk or more leverage for equal risk as higher tf.
And don't put pressure on yourself. This is already really hard to learn, It took me a year of trading every day to stop loosing money:)
Hope this helps and good luck!

[machawendlela]

I am a swing trader, I do not think MFF is good for swing traders or maybe its just my strategy. MFF drawdown rule makes it very hard for swing traders,

[hayleybonnell]

Are you using the SSL hybrid and QQE mod together? NASDAQ gives double pips too x

[simonj]

Meant to add I never go lower than the daily chart...

[fatmansprinter]

Focus on fewer pairs - try just one until you are profitable on it. Better to be profitable on one than losing small on 20.

[simonj]

Have you considered Lux who dont have any time limits? Im a swing trader like you and going to give Lux a go. Also, do you have an exel setup to plan out your trades and risk so you know exactly what to risk and how many trades to take to get you to your goal...using right risk/reward ratio?

[AravindTradeFX]

In my backtest i was loosing more when I put limit orders I was success when I enter on stop orders.

[dabadah]

Great stuff... I trade for 20pips per trade. I find that it helps with the greed-factor plus the fact that I've included a compounding sheet has led me to work out strategies to ensure that I get the 20pips. And a losing trade only takes me back to the previous level.

[LawonS]

Please is it possible to swing trade and can you trade gold/usd pairs

[keironthomson]

I had a look at the 5%ers site, the 6 month timeframe is quite appealing. I noticed that there is also a $100k bootcamp option which you can do over 3-12 months with x3 demo challenges. Obviously a slightly longer route to funding but a very cost effective option at €85. Did you consider this at all?

[timgarland]

Just learn from "Wicks Don't Lie", "Stop Loss Matters" and "Champion Pips". You don't need to do that indicator stuff.

[johnnybanana]

yes i would like to know more about the 5 procenters.

[mikolobabz]

Seeing your analysis, I can see you only trade one time frame. Is that so?