(binned per thread starter's request) Currency Strength with cont

Quoting neilsdigest

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I'll just like to say this though and it is more difficult with the exotic pairs..... Last night I made a sell order on the USDTRY for 10 lots.... IT was never taken.. Half an hour later and it wasn't confirmed. Just goes to show you especially with the exotics that your order will not be confirmed like it is in a demo account. As it wasn't taken, in the end the broker cancelled it. {image}

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Quoting neilsdigest

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I'll just like to say this though and it is more difficult with the exotic pairs..... Last night I made a sell order on the USDTRY for 10 lots.... IT was never taken.. Half an hour later and it wasn't confirmed. Just goes to show you especially with the exotics that your order will not be confirmed like it is in a demo account. As it wasn't taken, in the end the broker cancelled it. {image}

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Quoting neilsdigest

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I'll answer all the rest of the questions in a bit... I have food poisoning and its taking it out of me.... Just need to sleep. Like reader1... When I have a currency, I only trade 1 pair with it.... Reader1 seems to do well trading them all... :-)

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Quoting aaven

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{quote} Reader1, I am curious about the High Number of Trades. Example: Series of Trades involving JPY: AUDJPY, CADJPY....NZDJPY, USDJPY. The moment, JPYWCU is becoming positive/becoming strong, are you executing trades with all JPY pairs? Thanks

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Quoting neilsdigest

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I'll answer all the rest of the questions in a bit... I have food poisoning and its taking it out of me.... Just need to sleep. Like reader1... When I have a currency, I only trade 1 pair with it.... Reader1 seems to do well trading them all... :-)

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Quoting reader1

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{quote} aaven are you think it's bad. {image}

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Quoting aaven

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{quote} Reader1, I was just curious about the high number of trades. Just my opinion{I could be wrong}: Since JPY is the basis, example: JPY gave a signal that it is strong, but if it becomes weak, possibility of all/some JPY pairs could go against you which may cause stress due to many trades going against you. For the same signal, May be the same amount of money could be made by increasing the position size and trading one or two pairs. So less number of trade to monitor. Please don't let my opinion influence you... In the end it is...

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Quoting reader1

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life is short.enjoy your coffee jpy buy {image} {image} {image}

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Quoting Degolep

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{quote} I guess you are not following strictly to neils rules(5000+ lots, 70%+ volume, RSI 2) right? Or am I wrong? Amazing job, havent seen this much success in a while.

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Quoting reader1

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{quote} yes your right aaven...my money management well i am trading 1k account 0.01 lot trade paste 0.06 lot avarage risk usd 30 35$ i think it's not big risk big influence my account

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Quoting magne999

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{quote} Trading microes are a waste of time if you dont open 10 ore more positions at the same time...i mean 100 pips that are pretty hard too do is 10 dollars....TEN DOLLARS a joke...that is 1 % of 1000 dollar account it will take years dubbeling the account...

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Quoting reader1

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{quote} i am use wcu index chart ScorpionFX analysis manual draw S/L before trading markert directions But reading this page, I was able to make many shortcomings. neilsdigest is a brilliant professional trader i am respecting him {image}

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Quoting Degolep

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{quote} Nice. Can you tell more about your strategy and how you enter the trades?

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Quoting reader1

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{quote} next my target nzd {image}

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Quoting Degolep

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{quote} And the reasons for entry?

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Quoting neilsdigest

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OK keep it nice.. At the end of the day for reader1 - Profit is profit and he does a lot better here then what I have I seen in this forum.... He doesn't speak English.... Lives in a remote Indian county.... SO HE DOES EXTREMELY WELL.... He doesn't have the tech we do... I fully respect him for that. He even posted a pic of when he new the JPY would just turn around. How many here new the JPY could just get weak and do a nice large pullback?

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Quoting jusiur

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{quote} Agree 100% . . . total respect and admiration to your work reader1 !! Neil, your teachings are gold ! Thanks. {image}

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