GabsonFX:
All the trades analyzed here since last Thursday, here is the result (on my prop firm client's account), this can motivate you.....So see attached.

Off-trading for the next 2weeks....

NetValueFX:

50pips a day is very much obtainable. However, I rather say you give yourself a monthly target. There are weeks that are slow in FX. However, every month must experience some kind of market surge in-between

Jameselias:
please somebody should advice me, and help me check if my mathematics is right,
Let`s assume I`am trading micro lot of say,
0.05 which is equall to 50cent and then I target say, on the average 50 to 100 pips a day, which in turn would amount to 25 or 50 dollars a day, please from your experience do you think it`s 'doable ' or possible,? I don't know if I 'am expecting too much,? Or I should reduce to say 25 to 30 pips on the average a day? Thank you expecting answers?

Forexislife:
Anytime I want to "play with a pair" I use the lowest lot size. SL at Break even.

Jameselias:
please somebody should advice me, and help me check if my mathematics is right,
Let`s assume I`am trading micro lot of say,
0.05 which is equall to 50cent and then I target say, on the average 50 to 100 pips a day, which in turn would amount to 25 or 50 dollars a day, please from your experience do you think it`s 'doable ' or possible,? I don't know if I 'am expecting too much,? Or I should reduce to say 25 to 30 pips on the average a day? Thank you expecting answers?

VlamesIffect:
FOREX FOREX FOREX.

WITH BAD RETAIL SALES DATA, DOLLAR STILL BUYING....NO BE JUJU BE THAT?

charly20:


I didn't post my setup before I took my usdchf and EURUSD trades but tomorrow may give another opportunity for re-entry.
Considering my 5% per week MM rule, I have only an exposed risk of 3.6% leaving me with free 1.4% from last week and a fresh 5% for this week.

For tomorrow's trade, I do not want to see price close above the upper yellow line even with news impact. If that happens, I'll use the remaining 1.4% to add another position for usdchf and maybe Eurusd if the money is properly managed.

My "conservativeness" with my equity is because GBPJPY has acted faster than I imagined and I expect USDCAD to do as I have marked up. I don't like the idea of leaving more than 10% to the market in two weeks.

The USDCAD and GBPJPY would be my last trades till we have reached the promised land for all four pairs.

If usdchf closes above the yellow line and EURUSD closes below 1.17491, I'll close the trades and wait for better market conditions.

charly20:


Lol... Bigger institutional traders wan kill small scale institutional traders with big scale manipulation

Jameselias:


Ok thank you sir, but I hope my maths is correct? Sorry if i'm asking too much.

VlamesIffect:
FOREX FOREX FOREX.

WITH BAD RETAIL SALES DATA, DOLLAR STILL BUYING....NO BE JUJU BE THAT?

CopyJoe:
No trading for me till Thursday or Friday or next week.

VlamesIffect:


Bro I WEAK.....

Forexislife:
why na. Kilode

Forexislife:
I look at forex factory at most 3 times a week. News na distraction. For me, it's trade the charts only.

CopyJoe:


After that huge fall today, I need to study the market and know how it reacts.

JAkpayen:


News is very important. Take for example UK CPI coming up @ 7pm with forecast of 2.2% vs 2.3%

This is expected to come out lower and should weaken GBPUSD but rather I will look to buy the pair because it is still higher than the Bank of England 2% target which may signify a hike in interest rate.

VlamesIffect:
FOREX FOREX FOREX.

WITH BAD RETAIL SALES DATA, DOLLAR STILL BUYING....NO BE JUJU BE THAT?

Forexislife:
So the current zone will be watched. Buy? Sell? We will find out later.

Jameselias:


Gabsonfx please sir,(look towards my side) advice me too. Thank you.

GabsonFX:
Myfxbook trade explorers of 2 of my accounts: all data of the account set on public

---

I don't trade the 2 accounts simultaneously in a given month, I switch between them.

https://www.myfxbook.com/portfolio/gabsonfx-axi1/8738535

https://www.myfxbook.com/portfolio/gabsonfx-axi2/8738496

Posted on my NL profile page too.........enjoy!

GabsonFX:
Myfxbook trade explorers of 2 of my accounts with this broker: axi: all data of the account set on public

---

I don't trade the 2 accounts simultaneously in a given month, I switch between them.
Also, I move funds around a lot year in year out, from one broker to another due to research reasons, so I'm working on putting all funds on just 2 accounts and focussing on the only two accounts when I resume trading in 2weeks time.
With time, I will post the link to my portfolio with FTMO

https://www.myfxbook.com/portfolio/gabsonfx-axi1/8738535

https://www.myfxbook.com/portfolio/gabsonfx-axi2/8738496

Posted on my NL profile page too.........enjoy!

Forexislife:
We got a rejection of 50 pips already. First chart is 4hr candle about to form a bearish pin bar.

I only trade new York session but sometimes, I break that rule. So I'll sell on two conditions, if the 4hr candle closes as a pin bar and if we have a large retracement on the new 4hr candle. If not, I will wait for NYSE open.
Sad part is, price can sell way further and leave me behind but like they say, the market will always bring other opportunities. So we wait....