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Re: Forex Trading - Season 15 by frenchman2: 5:30am On Feb 26, 2015 |
went long on oil at 50.66 exit 54.20 let's see how it plays out. NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis. PRICE IS KING. FOLLOW IT WHEREVER IT GOES 1 Like
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Re: Forex Trading - Season 15 by Capitals: 5:36am On Feb 26, 2015 |
Capitals: closing trade, -2.85 loss, seeing contrary signs to my position. net prof. 61. 1 Like |
Re: Forex Trading - Season 15 by jaidopumpin: 9:20am On Feb 26, 2015 |
jaidopumpin:hi fellows TP hit on GA and EA still holding position on AJ waiting to what price will do but if this current support is broken will add to my sell position and if this resistance level on GA and EA fails to hold will buy again. plz manage your trades cos price could just to the opposite. Enjoy your day fellows. |
Re: Forex Trading - Season 15 by frenchman2: 10:27am On Feb 26, 2015 |
frenchman2: manually closed audchf trade with +10 euraud missed my tp by 5pips. i believe tp will be hit today saw an opportunity to long audusd and audjpy earlier NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis. PRICE IS KING. FOLLOW IT WHEREVER IT GOES.
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Re: Forex Trading - Season 15 by Nobody: 11:05am On Feb 26, 2015 |
sell AUDUSD now at 0.7910. take 50pips. sl=50pips, second trade is 75pips while third trade is 120pips. rrr=1;1 |
Re: Forex Trading - Season 15 by pocoapoco88: 12:56pm On Feb 26, 2015 |
dis tread is ranging y naa? 1 Like |
Re: Forex Trading - Season 15 by GPROMO(m): 1:01pm On Feb 26, 2015 |
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Re: Forex Trading - Season 15 by frenchman2: 1:23pm On Feb 26, 2015 |
frenchman2: trade currently in red. noticed price pullback and hit a support. decided to open another position at 50.38. setup was so juicy and irresistibly. Hope i don't regret it> let's see how both trades play out. Sorry chart below is 1hr not 4hr as indicated on the chart PRICE IS KING. FOLLOW IT WHEREVER IT GOES
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Re: Forex Trading - Season 15 by Nobody: 1:36pm On Feb 26, 2015 |
in GREEN , in motion, bring stoploss to breakeven. now. iheanyiebeneze: 1 Like |
Re: Forex Trading - Season 15 by AmeLonRo(m): 4:41pm On Feb 26, 2015 |
We should be seeing some retraces now... |
Re: Forex Trading - Season 15 by jendy36(m): 7:25pm On Feb 26, 2015 |
Thank God for Gold today. 1219.xx high. I hit iy¡!!!! |
Re: Forex Trading - Season 15 by jamace(m): 8:02pm On Feb 26, 2015 |
jamace:Trade closed in profit but target not met. |
Re: Forex Trading - Season 15 by fxbomovi: 8:31pm On Feb 26, 2015 |
lets go for huge rr sell uj at market price 119.41. stop at 119.52. tp at 118.60 1 Like |
Re: Forex Trading - Season 15 by frenchman2: 8:42pm On Feb 26, 2015 |
frenchman2: red devils everywhere. sl hit. licking my wounds we move on |
Re: Forex Trading - Season 15 by frenchman2: 8:43pm On Feb 26, 2015 |
frenchman2:audusd and audjpy trades hit BE |
Re: Forex Trading - Season 15 by Nobody: 10:02pm On Feb 26, 2015 |
Done with alacrity. iheanyiebeneze:Take profit hit everywhere. i don't make noise. It is the result that makes the different. |
Re: Forex Trading - Season 15 by iBash: 10:05pm On Feb 26, 2015 |
Nice work guys....P.A all the way....and more pips to ya'll |
Re: Forex Trading - Season 15 by Nobody: 10:07pm On Feb 26, 2015 |
ENTER a buy on AUDUSD now at 0.7790. take profit 50pips, 78pips and 123pips for the 1st, 2nd and 3rd trade respectively. rrr=1;1 move stoploss to breakeven when market moves 30pips in your favour |
Re: Forex Trading - Season 15 by drpips1(m): 11:21pm On Feb 26, 2015 |
iheanyiebeneze: Risk/reward ratio is very important when trading over a long period of time.Many new traders coming into the forex market fall into the trap of refusing to let their winning trades run. Lets have a look of how that will affect them over time. Trader #1 Risks $100 and takes profit at $25 giving him a risk reward of 4-1 this means that in order for him to break even in the long run he must achieve 80% winning trades. Trader #2 Risks $100 and takes profit at $100 giving him a risk reward of 1-1 this means that in order for him to break even in the long run he must achieve 50% winning trades. Trader #3 Risks $100 and takes profit at $200 giving him a risk reward of 1-2 this means that in order for him to break even in the long run he must only achieve 33% winning trades. Trader #4 Risks $100 and takes profit at $300 giving him a risk reward of 1-3 this means that in order for him to break even in the long run he must only achieve 25% winning trades. Now who do you think is going to succeed in the long run? Surely it is far easier for traders 3 & 4 as they have less pressure to achieve a high win % in order to make money. Are you beginning to see how important this is? I prefer to try and go for twice or three times the amount I risk while always moving my stop to break even as soon as I can. 3 Likes 2 Shares |
Re: Forex Trading - Season 15 by elyte(m): 1:21am On Feb 27, 2015 |
check how I profited from Gbpusd and Usdcad moves in just two days. Check the power of using elliot wave methodology to make profits in any time frame. I have updated Usdcad and Gbpusd. I have also included Gbpnzd. Be a part of the move. Kit yourself with vital information needed to make proper high confidence and winning probability trades. Go to www.forexsnipper..com You will be amazed how trading forex is not that difficult. |
Re: Forex Trading - Season 15 by ophili(m): 1:28am On Feb 27, 2015 |
Hello, I see a nice thread here I will give away some free profitable signals here once in a while.. , I am a money manager, I manage a couple of accounts, I will share some of my trades with you. Follow if you like Screenshot 1 is Gbpcad Screenshot2 2 is NZDjpy
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Re: Forex Trading - Season 15 by Nobody: 5:14am On Feb 27, 2015 |
Thats a good one, Am aware of that. If your system and trading strategy allows you to trade that rrr= 1;4. please follow it.As for me, my STRATEGY is very good with rrr=1;1 and am happy with it, i usually get 10 trades per week and out of this 9 are winnings while 1 is a loss.Even the one in loss will be exited on breakeven. Thats the TRADING STRATEGY i developed with my 8 consecutive years in FOREX trading.Some of these 1;4 and 1;5 are good on paper but very difficult to apply on platform, Ask those that use 1;4 how many times have their take profit hit,? Am a PRACTICAL and PRAGMATIC Forex trader, and am very confident of my TRADING STRATEGY and i respect my strategy very much. drpips1:I READ A BOOK ON SPLIT TRADING recently and it has helped to improve my trading.Thats why i say trade 1, and trade 2, and trade 3. I wish you more pips . Till next week. 3 Likes |
Re: Forex Trading - Season 15 by Nobody: 5:29am On Feb 27, 2015 |
sorry my brother, some days are like that. frenchman2: |
Re: Forex Trading - Season 15 by jamace(m): 5:31am On Feb 27, 2015 |
EUR/JPY BUY @ 133.645 TP @ 134.645 SL @133.000 Good Luck |
Re: Forex Trading - Season 15 by Cul4real(m): 6:08am On Feb 27, 2015 |
To professionals, Pls educate me if am wrong. Study of how the charts functioning is paramount to forex and my experienced on Demo account using SL & TP and without using SL & TP showed that if a trader should carefully place a position like say when buying should be when price is on or below 30% on the charts likewise selling should be placed when is on 70% or above on the charts may reduce the risk even the using of SL & TP may not necessary for full time trader alone. And regarding the leverage i think high leverage can expose your capital to high rate of risk but 1:200 seem to be good. I am still learning therefore your views are highly welcome. 1 Like |
Re: Forex Trading - Season 15 by Ogboraph(m): 7:44am On Feb 27, 2015 |
iheanyiebeneze:i love that your sell trade on AUDUSD i told a friend it will sell but he didn't listen to me, i said to the person take profit take profit it will retrace down but ears were not listing. |
Re: Forex Trading - Season 15 by Nobody: 7:51am On Feb 27, 2015 |
Thanks my GOOD friend. Ogboraph: |
Re: Forex Trading - Season 15 by Nobody: 8:01am On Feb 27, 2015 |
My advice; 1. NEVER enter a trade WITHOUT a STOPLOSS. This market is highly technical in nature.The risk is too high.Those that created that stoploss on the platform are not stupid. 2. Leverage of 1;200 is better than 1;500. 3. If your 'margin level' is bellow 300% you have over exposed your account. Just exit all your market. Cul4real: |
Re: Forex Trading - Season 15 by infofirst(m): 8:51am On Feb 27, 2015 |
Putting the stop loss isnt enough but knowing how to properly identify the exact point to put it. |
Re: Forex Trading - Season 15 by Ogboraph(m): 8:53am On Feb 27, 2015 |
iheanyiebeneze:I think i have more to learn from you and stick with this rule you just said, its better and safe. 1 Like |
Re: Forex Trading - Season 15 by Capitals: 9:27am On Feb 27, 2015 |
Capitals: hmm, waited till I got off before selling. buying eurgbp, sl 0.7020, lot 0.02. will add another 0.02 if we get to 0.7250. lets see how it goes |
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