Welp, what started as a project to learn more has become a self competition. And damn do I enjoy competition.

I probably posted something about it at the end-of-the-year blog series, but I’ll re-hash it here. In my eyes, the answer to the question put out on day 1, Jan 1, 2012 is yes. Yes it is possible to make money trading. But I need to prove it. To myself, and to anyone who might stumble onto this blog. That is the point of allllll of this. The only way to do this is to have a proven record of success, which myfxbook does. I already started 1 account, posted it, and lost a little. I then hedged a position with another account which led to what appears to be an even bigger loss. Honest statement. However, in the world of the internet I don’t expect anyone to believe that I truly hedged it. A true observer should be open-minded yet slightly skeptic. The link to the account is not to be deleted until the end of 2013 minimum.

1 thing is certain: the world of investing and speculation is not easy. To expect great results in 1 year is laughable. I am also not the average ‘lets make a blog and go for it’. I really committed to the blog and learning, and will continue to do so until I succeed.

Here’s what’s going to happen:

I’m giving myself until the end of the year to be profitable. Considerably profitable. The results I want to achieve should leave no doubt to the question “Did I get lucky?” It will be clear. I will have either succeeded or failed.

I will dummy test against 20 different random buy/sell hold situations. They will be listed at the bottom of this post, and are assuming an open position today (even though markets are closed). The ‘random walk theory’ will not be an available argument. That being said, I will say the yens have been absolutely crazy. It is very possible that they will make gains of over 100% by the end of the year and will blow my results out of the water. We will deal with it then.

I will not add any more money to the account. Even though it is in a hole not due to my system, I will be content with digging myself out of it. More of a challenge I suppose.

I’m not boasting nor bragging about how easy this will be. It won’t be. The talk is gone, the observations and hindsight trading are gone. All that’s left is completing the task.

In all, it is fairly basic: the account that was started Jan 2, 2013, will have a 1 year test to answer the question of Jan 1, 2012. That’s it! see ya’ll on the other side.

Control test: 15 pairs, both buying and selling. I’m seeing weekend spreads, but 10 pips isn’t going to make the hit or miss when the end of the year rolls around

EUR/USD BUY 1.33628
EUR/USD SELL 1.33585

AUD/USD BUY 1.03083
AUD/USD SELL 1.03022

GBP/USD BUY 1.55203
GBP/USD SELL 1.55152

USD/CHF BUY .92229
USD/CHF SELL .92144

USD/CAD BUY 1.00663
USD/CAD SELL 1.00615

NZD/USD BUY .84574
NZD/USD SELL .84424

USD/JPY BUY 93.534
USD/JPY SELL 93.468

EUR/AUD BUY 1.29710
EUR/AUD SELL 1.29610

EUR/GBP BUY .86126
EUR/GBP SELL .86068

EUR/CAD BUY 1.34504
EUR/CAD SELL 1.34404

EUR/JPY BUY 124.978
EUR/JPY SELL 124.878

AUD/NZD BUY 1.22109
AUD/NZD SELL 1.21821

AUD/JPY BUY 96.418
AUD/JPY SELL 96.292

GBP/AUD BUY 1.50651
GBP/AUD SELL 1.50512

GBP/JPY BUY 145.146
GBP/JPY SELL 145.031