sweetmaris:
Knock knock
Where is everybody
Abi the fuel dey affect una ni
Anyways if u were not buying GJ today well... This kind of days rarely comes
Out of the abundance from today, am going to sell now I intend babysitting this trade but its likely to still go up, but should incase I sleep off, wud place my stop 40 pips away...

PIPsharingan:


Good morning Joelreg,

I use an infinix hot note

Happy slashing

teejaysmarty:

SWING TRADES ON A DAILY TIME FRAME
For Swing Traders . New Entry for a LONG on the GBPUSD Daily Chart .

Entry @ 1.4539

1st Take profit @ 1.4875 = 336pips (but if you dont use this , atleast dont take less than 150pips profit)


Henceforth, i will be posting Entry points for SWING trades ONLY on a DAILY time Frame.I welcome Contributions/views from swing traders on this platform.Thank you
.


Cheers!

teejaysmarty:
MONEY MANAGEMENT CALCULATOR ( for new Traders and Old as well).

Below is a simple Calculator you can always use before you take a trade so as to know what percentage you are risking for the Trade. i attached it and also took a snap shot. If you have Microsoft office you can open it but if you dont then you can view directly.

surveycash:


Nice try but not correct. You omitted the pip value in your calculator.

I think you should read this b i t. l y /1VaBfyS (remove the spaces)

Capitals:
Market seems to be setting up Audusd for potential buy, usdjpy for potential sell. My perspective anyway

Truth234:
You guys should visit http://investorsking.com for both fundamental and weekly analysis. Not only that, you also get to learn fundamental from a unique perspective.

sweetmaris , Feshizzy , PIPsharingan , joelreg and the rest

teejaysmarty:

Thanks bro the pip value is on the 8th row(horizontal) if you take a second look.
So in my example , in Column 1 every pip you make will be equal to 0.5 (if 20 pips is made ,it will be 20pips x 0.5 which will give you $10)

Cheers!

surveycash:


You did not open that link. Your answer is there.

What's the pip value (cost) for eurjpy on a standard account?

teejaysmarty:


Hello bro , i dont think i need an answer nor did i ask any question. i only created a simple calculator. The calculator can calculate any pip value of
any market trade whether Standard or mini size account. just plug in your values and you will be able to calculate you pip value.

Another simple example is this:-


Position size = ( Account Size x Risk Amount (%) / (Entry price - Stop Loss )

if Account size = £2000
Risk limit = 3%
Account Risk = £60 (3% of £2000)
Stop Loss = 50pips ( 1.2550 - 1.2500 for a LONG trade)
Position Size = £60/50 = £1.2 per point

Which means every pip made will be equal to £1.2 .

50pips = £1.2 x 50 = £60

I rest here

surveycash:


You are still wrong.

surveycash:


You are still wrong.

teejaysmarty:


Hello bro , i dont think i need an answer nor did i ask any question. i only created a simple calculator. The calculator can calculate any pip value of
any market trade whether Standard or mini size account. just plug in your values and you will be able to calculate you pip value.

Another simple example is this:-


Position size = ( Account Size x Risk Amount (%) / (Entry price - Stop Loss )

if Account size = £2000
Risk limit = 3%
Account Risk = £60 (3% of £2000)
Stop Loss = 50pips ( 1.2550 - 1.2500 for a LONG trade)
Position Size = £60/50 = £1.2 per point

Which means every pip made will be equal to £1.2 .

50pips = £1.2 x 50 = £60

I rest here

Optimisticgondy:
Your calculation is somehow long, why not just use the below formula instead;

Lot Size: Amount to Risk/Pip Value of Currency pair per 1 Lot/ Number of Pips

If on ECad, pip Value is $7.7 and I'm to risk 5% of $1000 account on 40 pips, lot size to use will be gotten thus;

5% of $1000 is $50

Therefore,
Amount to risk then is $50
Pip Value of ECad is $7.7
Number of Pips is 40 pips

Lot Size= $50/$7.7/40
= 0.1623
= 0.16 approx. to 2 decimal places

The best formula for me is,

Amount to risk/Pip Value of Currency Pair per 1 Lot/Number of Pips

Optimisticgondy:
Your calculation may be applicable to major currency pairs like EU and GU. Pip Values for Crosses vary. On Standard account, 1 lot of EU, GU and some major pairs can be $10 per pip, but it will not be up to $10 per pip on Crosses

Capitals:

If we push a lower low in audusd, I will buy O.7188 with sl 25pips, o.7154, and tp 0.7288.
25pts to make 100, I ll bring to BE if price moves 35pts from entry.

Capitals:

Trade activated, like this cos I know if It's right or wrong soon.

Loss will be small if it's wrong, 25pts

Thinkr:
is there a way i can contact you? not about investment oh just want to get some clues from you.

Capitals:

Trade activated, like this cos I know if It's right or wrong soon.

Loss will be small if it's wrong, 25pts

Capitals:

Already in contact, you can get all the clues you need from here.

Feshizzy:


Thank you very much mate,
This is indeed helpful.
Happy pipping.

Regards,
EF

Thinkr:
how do you trade the daily timeframe? how long do you hold on to a position when on daily timeframe? thank you

Truth234:


Let me know if you are interested in an ebook called Millionaire Traders. Interviews of real successful traders across the world. Its free!

Capitals:


How long really depends on when trade hits tp/sl, which varies especially for swings. Just a few days for day trades.
Doesn't take long to run a 25pts sl or 100pts tp.
For how; I trade supply and demand on all timeframes

Capitals:


I will bring trade to BE if we rise 35pts from entry. And adjust sl like I would my swings