Eli Camacho Quote 1

A few months ago I interviewed aspiring Forex trader, Eli Camacho. Eli was a window cleaner Philly who was blowing $10 accounts like a $10 hooker (just making sure you read this stuff… lol). He’s currently being mentored by full time trader Andre Stewart of ChartArtistTrading.com.

In this update episode we find out if Eli has moved past his $10 account and if he’s on the road to cracking the code of becoming a successful Fx trader.


Podcast Interview




GOLD SPONSOR

Attn. Day Traders:
Get Up To 100% Profit Share Funding

City Traders Imperium's new funding program for Day Traders offers you up to 100% profit share. You also have more risk to play with and can pass their challenge faster.

Up to 100% Profit Share - Learn More






Eli’s “How To Pick Direction” Video

Eli walks us through some of his thinking when it comes to picking direction using higher time frames.

Key Lessons

  • [06:35] Even if I’m losing accounts I just keep pushing until I get it eventually.
  • [11:37] Even me just by myself I would look on my trades and I try to re-analyze to see what exactly I’m doing wrong.
  • [12:52] I was taking trades that where short-term trades and I would treat them as long-term trades.
  • [14:22] If I’m trading the lower timeframes, why would I need to go to the monthly? They aren’t making sense.
  • [17:36] If I stretched out my stop loss it’s probably because I entered wrong in the first place, or I entered early, or I entered too late, or whatever.
  • [17:57] If it doesn’t work, I know I’m wrong, so I just enter somewhere else after I do analysis when I’m stopped out.

Eli Camacho Quote 2

  • [27:02] The sessions are just basically the times of day where the market is moving the most but it’s not really where the entries start.
  • [27:52] I’ve rarely ever seen GJ going into a consolidation, it’s always moving.
  • [31:13] I now understand exactly why those trades went wrong because I was just confusing direction completely.
  • [38:23] Let the strategy work and the strategy’s gonna work, don’t just keep adding and overcomplicating.
  • [40:21] I might be sounding a little overconfident, but I think I’m good now. I think I’m gonna actually start growing my account now.

Eli Camacho Quote 3

Eli’s Trading

  • He’s still being mentored by Andre Stewart
  • He’s doing a little better now than before
  • He’s doing a pre-analysis to see the market direction
  • He puts his entries using the hourly and daily charts
  • He is now able to get the direction right
  • He’s able to make a 33% increase on his account
  • He trades mainly GBPJPY
  • He also trades EURUSD, NZDJPY, and USDJPY
  • He doesn’t pay attention to the sessions



Learn How To Build A Trading Algo…
That Could Pass A Funding Challenge

Watch weekly livestreams where you'll learn how I build an Algo (from start to finish), with the aim of passing a funding challenge.

Learn More




More Expert Traders

FREE Premium Interview
(Normally $9.99, Today $0)


JUST ANSWER THIS QUESTION


Great! You're In. Check your email for your Login Details and Link.