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- traderjess87 replied Feb 1, 2015
Good luck with your trading! You seem to have the same concept as I do. I look forward to seeing some profitable trades.
- traderjess87 replied Feb 1, 2015
The risk/reward level on this strategy is insanely low. On the daily and weekly charts the price moves way more than 60 pips let alone the monthly chart. If you follow the monthly chart it would be wise to add positions in the direction of the ...
- traderjess87 replied Feb 1, 2015
Thanks bull.bear, Yes, the particular type of money management for my strategy is cost averaging. For all that have never heard of this before, cost averaging is an investment concept where you invest a fixed amount of money periodically to buy ...
- traderjess87 replied Jan 30, 2015
Hi Miho, My strategy is based purely on price action. I use MA 40 and MA 10, along with the generic MACD as conformation. But I mainly look for pullbacks, inside bars and reversals on the daily charts. I will display here why I am taking the trade ...
- traderjess87 replied Jan 29, 2015
Today I placed a buy order on the Usd/Chf at 0.92452. Buy order on the Eur/Nzd at 1.55869. And a Sell order on the Aud/Usd at 0.81737. Im just adding to my positions. I also closed out a trade on the Nzd/Usd for 350 pips. Trading the daily is really ...
- traderjess87 replied Jan 29, 2015
Sorry if I misinterpreted.
- traderjess87 replied Jan 28, 2015
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- traderjess87 replied Jan 27, 2015
I would not take any short period timeframe trades as a new forex trader. You should focus on reading basic charts on the H1 to the Daily.
- traderjess87 replied Jan 26, 2015
Hi xy76, I do not have a fixed SL/TP ratio. It's variable and depends on market conditions and how many existing trades I have open. I have what you would say is a hard stop which is hunderds of pips away from the opening price to give the market ...
- traderjess87 replied Jan 26, 2015
Thanks for the support Johankort. Everyone learns from there past experiences, and failures become stepping stones to success. I will use my previous trading losses and use them today to make profit.
- 0 to 100 real fast
This Journal entry is going to be based on my journey to achieve my goal of 100k in a conservative ...
- traderjess87 replied Apr 2, 2012
gbp/usd — Just placed a buy order for gbp/usd at 1.60202. We will see how it goes.
- traderjess87 replied Mar 15, 2012
Yep! Slowly you are right. Thanks on that one again!
- traderjess87 replied Mar 15, 2012
Thanks for your input slowlyslowly. I am going to wait for the aud/usd to open and close out of the orange band.
- traderjess87 replied Mar 15, 2012
The price closed above the higher 72 ma. And the current candle's body is above the 12 ema. After seeing two reversal bars would this be a vaild trade or not???
- traderjess87 replied Mar 15, 2012
Hi there, I just wanted to know if this is considered a vaild trade even though there were 2 reversal bars instead of 1.
- traderjess87 replied Mar 7, 2012
Hi peter, This is not a 50sma on my chart. Its a 20sma. There was a period of consolidation so I used 20.