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Re: Forex Trading - Season 15 by jorel1(m): 5:59am On Jul 10, 2015 |
$GBPAUD still pushing to lower highs and lows >>#2.049 #2.042, a bounce to up side still possible |
Re: Forex Trading - Season 15 by jendy36(m): 7:35am On Jul 10, 2015 |
jendy36:Who was on this with me...ej closed @+110, chai, I run commit for gj... gn got triggered |
Re: Forex Trading - Season 15 by jendy36(m): 7:40am On Jul 10, 2015 |
Gu buy stop @.5420
SL and TP traders discretion
Nothing is guaranteed!
Trade defensively not offensively! |
Re: Forex Trading - Season 15 by Shevychen2: 7:43am On Jul 10, 2015 |
Capitals: Well done boss.. You are right we are looking at the same zones.. I don't know the timeframe you are watching for your own zones or your trigger, risk, exit etc. but the 1 hr you displayed looks as if you were looking at my computer Regarding your question, yes I take notes that's why I changed to exiting at 100 pips months ago. 60% of the time price reverses several times back into my zone after moving 100+ pips. On very rare occasions it will head all the way straight to the opposite zone at 200-300+ pips. (It happened just 3 times last month). I just take new trades with each movement back there and it adds up pretty nicely especially when you are doing it on 5 pairs. I have displayed where I re-entered trades on EN since then. The red one gave just 20 pips. The other two moved to full TP. That's 320 pips if you add that first one. I will have to tie down capital if I was holding the trade to wait for 300 pips straight and probably use stop loss much larger than 100 pips. I love the way you are trying to make me see reasons to start holding.. Maybe if I know the timeframe you watch for your zones I can demo it for a few months. Thanks.
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Re: Forex Trading - Season 15 by Shevychen2: 7:53am On Jul 10, 2015 |
EJ ran away without me.. No probs. Waiting for it just above 136.. Waiting for EA above 49. Market looks quiet so I doubt we will see those levels today sha. |
Re: Forex Trading - Season 15 by Shevychen2: 8:04am On Jul 10, 2015 |
raycolz84: Lol.. We eventually learn the costly way. @Joel.. 5% risk per trade looks great but will you be able to withstand the blood rush that will happen when you lose 3-4 straight trades? If you take multiple trades it becomes possible to lose a massive 25-30% of your account in one bad day. Again.. Doubling lot size in the middle of the month is risky. It can mess up the metrics of the system for the month especially when you consider that your green patch came when GJ trended heavily. Not asking you to change anything o as I can see through the sound of your comments. Just putting my opinion out here. |
Re: Forex Trading - Season 15 by jendy36(m): 8:05am On Jul 10, 2015 |
Nu buy stop @.6770
SL and TP traders discretion
Nothing is guaranteed!
Trade defensively not offensively! |
Re: Forex Trading - Season 15 by jorel1(m): 8:06am On Jul 10, 2015 |
Some are busy saying the market isnt moving, from all indications The market is moving just fine, the YEN pairs especially....entry timing |
Re: Forex Trading - Season 15 by jendy36(m): 8:12am On Jul 10, 2015 |
Shevychen2: Boss, ej and EA buy or sell.? From my system here, ej above 136, might be good for buy, but on EA, that dark cloud cover might signal its facing south soonest. My 2cents though. Nothing is guaranteed! |
Re: Forex Trading - Season 15 by Shevychen2: 8:18am On Jul 10, 2015 |
jendy36:I never buy from above bro.. Will watch momentum when price heads into those areas and stay out till I see weakness and sell. |
Re: Forex Trading - Season 15 by jorel1(m): 8:23am On Jul 10, 2015 |
I trade just one pair at a time, specifically GBPJPY or GBPAUD ,i dont open any other trade except am in profit already then i can add to my existing trading pair or open another trade when i find an opportunity. because of the volatility and my money management requirement for my system (to meet the requirement) I only trade GBPAUD GBPJPY as intraday (ofcourse due to its high daily range)and other pairs as position or swing (long term). with my system i could lose 5 trades consecutively and still make up with a profit on 6th trade.(i try to keep my loses as small as possible) my risk level is already mapped out, so the scale up in position sizing becomes neccesary, i could either withdraw my initial investment and continue trading with profits made or keep it as back up fund for the unexpected or and just scale up proportionally #500 ..X1 #1000 X2 #1500 X3 #2000 X4 all ammounts to the same level of risk (which i can handle)but higher ROI calculated risks i mean Now 200% profit in a week Shevychen2:
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Re: Forex Trading - Season 15 by Shevychen2: 8:43am On Jul 10, 2015 |
^^ All the best bro. |
Re: Forex Trading - Season 15 by furetin20: 9:22am On Jul 10, 2015 |
Greetings |
Re: Forex Trading - Season 15 by raycolz84: 9:23am On Jul 10, 2015 |
Re: Forex Trading - Season 15 by raycolz84: 9:26am On Jul 10, 2015 |
Buy low.. Sell high Although this rule is broken sometimes But not too often |
Re: Forex Trading - Season 15 by endfx1(m): 9:28am On Jul 10, 2015 |
endfx1:Red devil everywhere oboy...... SL hit I move on. 1 Like |
Re: Forex Trading - Season 15 by Ogboraph(m): 10:28am On Jul 10, 2015 |
Ogboraph:this morning i gave this Alert but some were sleeping Trade still runing First target hit targeting 1.57*** to 1.6000 next week soon account will read 5k for this month
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Re: Forex Trading - Season 15 by raycolz84: 10:38am On Jul 10, 2015 |
Market to dey look anybody face ooo In one week More than five hundred pips downwards And bout 400 pips upward Welcome to the real world of forex where anything can happen |
Re: Forex Trading - Season 15 by currentprice: 10:41am On Jul 10, 2015 |
currentprice: All my trades on mention pair doing wonderfully well. 1 Like |
Re: Forex Trading - Season 15 by rozayx5(m): 10:44am On Jul 10, 2015 |
jorel1: all these high targets put a trader under uneccesary pressure..not good 2 Likes |
Re: Forex Trading - Season 15 by mrikay: 10:44am On Jul 10, 2015 |
Masters Shevychen and Capitals... Beware! You have got a disciple. Me! 1 Like |
Re: Forex Trading - Season 15 by donkripton(m): 10:46am On Jul 10, 2015 |
Ogboraph:Please which EA are you using to create signals |
Re: Forex Trading - Season 15 by jorel1(m): 10:53am On Jul 10, 2015 |
LOL, i dont have a target,, i just trade and as long as am in profit am happy.. however i had a target of only 35 pips for the week but ended up with 1200 pips . was i suppose to reject the blessing ? rozayx5: |
Re: Forex Trading - Season 15 by Capitals: 10:53am On Jul 10, 2015 |
Shevychen2: I m also looking to demo trade the concept of day trading, but I run that for at least one year before anything, I dont feel the need to rush it in since I already got something good going (and will be doing it for most of the rest of my life anyway), you and ziqq (though he was risking too much per trade IMO) actually made me reconsider my stance on daytrading. I run through all the time frames, but the combo of weekly and daily helps me decide if to take d trade. Like our EN case study the weekly was good and the daily wasnt bad but wasn't clear either, thats why I stayed back. The other TF I use to nurse and monitor the trades sort of as indicators. You already hit the downside on the head: capital and sometimes risks get tied down for days/weeks. you seen any of Sam's pieces?, just wondering. . . |
Re: Forex Trading - Season 15 by jorel1(m): 11:02am On Jul 10, 2015 |
#GBPAUD, Seems it found a price rejection at previous resistance, could possibly go down more than 200 pips for a down trend, or could bounce up from 2.061 previous support level. |
Re: Forex Trading - Season 15 by Capitals: 11:02am On Jul 10, 2015 |
mrikay: bro, we are all learning and one thing I have learnt is virtually everything bows to persistence |
Re: Forex Trading - Season 15 by jorel1(m): 11:42am On Jul 10, 2015 |
something tells me the American session is coming in with the retracements and probably trend continuation till end of trading day/week, now is good time for profit taking. wait possible re-entry with retracement |
Re: Forex Trading - Season 15 by Shevychen2: 11:47am On Jul 10, 2015 |
Capitals: Seiden? yep but found his methods a bit uncomfortable. |
Re: Forex Trading - Season 15 by Shevychen2: 11:55am On Jul 10, 2015 |
mrikay: Capitals: In addition, mrikay.. You may not find this method appealing because of the level of discipline required to watch all those moves happening away from your level and you are not doing anything. For instance EJ and EN have smashed that level I was watching..And no signs of slowing down so far. Some have made 100s of pips today already so consider carefully |
Re: Forex Trading - Season 15 by jorel1(m): 12:02pm On Jul 10, 2015 |
#USDJPY SUDDENLY MOVING LIKE A SNAIL |
Re: Forex Trading - Season 15 by Capitals: 12:09pm On Jul 10, 2015 |
Shevychen2: No wonder there are similarities. His methods? I prefer the concepts he proposes, it helped coin out my strategy. His articles are screened by the academy before they are put out in public, that's in fairness to students that pay for classes, the day I heard him say this I stopped searching for his 'strategy' as I know it must have been screened out and started building on his concepts. |
Re: Forex Trading - Season 15 by jamace(m): 12:13pm On Jul 10, 2015 |
EUR/USD SELL @ 1.12000 TP @ 1.11000 SL @ 1.12500 Leggo! |
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