Recent content by fxtrader101

GBP/USD. feel it could go to 1.5550 tonight. Very impulsive waves formed. consolation of prices at higher and higher levels. Should temporarily stop circa @ 5550 and pullback on its way to 1.5700. stop set at around 4870 pyramid trade order at 5150 but feel sure it was too late to be...

gbp/usd: trying to add to my 1 lot of long @ 1.4670. currently price is 1.5260. have moved stop to close -ATR = 1.4870. locking in 200 pips. waiting for pullback to enter but there may be none. not going to chase it. feel very sure it will hit new highs tonight after NFP through 5373. will...

Hi all, Traded for the last 6 years. IT job but graduated in Accounting. really want to trade for a living in the next couple of years. and will invest more money if my trading succeeds this year. Have lost close to 50K USD over the first 3 years. Demo traded for the last 3 years and have...

when u decide to enter the market , i would really like to discuss fx trades with you as not so many people on here trade FX. looking forward to hearing your trades.

started June25th. will require approx 20% per month compounded for 12 months End of Month 1 No of Trades 3 No of Winners 1 No of Losers 2 % of Winners 33.33% Capital $900.00 PnL -$93.90 balance $806.10 ROI -10.43% Leverage 100:1 Max Risk 10% Av Win 183.1 Av Loss...

ALL automated systems never work in all market conditions. Automated systems cannot guarantee a return each and every year as they will make alot in some markets or cycles and lose in others.

ok. cable is 9941atm. SMA is downside. u r waiting for a reverse candle and u will enter a short. then target SMA. just backtest this on cable. it doesnt give u good results. YOu are not obeying defined trading rules. it seems you will be cutting yourself short on your profits. 1. u enter...

agreed. really ignoring long standing clearly defined trading rules.

Yes tell us of your strategy. traderzones is an ignoramous who is more intent on fighting rather than learning. P!ss off traderzones!

sounds too subjective. need to develop concrete rules on a stop loss and exit.

Thank you so much. Excellent advice. Yes thats what i should have recommended initially. I didnt know there was such a facility. I will post my monthly result. thanks again

to xplain: 100$ in trading account. 1st trade is a loser. bal= 90$ 2nd trade is a loser. bal=81$ 3rd trade is a loser. bal=73$ does this make sense ? risk reward is always at least 2:1. most cases 4:1.

most are. undoubtedly but a minor few are interested. Once a trust relationship is formed. the results could b interesting. Im looking to profit from my trades. Joining with someones capital gives me greater reward and obviously greater risk.

if i reach -10%, the trade has gone sour. I then re look at my strategy and trade again. the next trade will b a risk of 10% of the realised residual.