EURUSD Only

that is scalping?

Lets design a trading template using 5 minute chart

and indicators freely available in Mt4 itself

he only indicator that i need is 100 & 200 SMA

nothing more

i added weekly pivot for targets

see how simple forex trading is

i designed a trading strategy from zero just for you and you did not even say thank you

ya allah

That question is not not that i asked bro, sorry for that. don't be offended, thanks for the last setup.

Another trading teacher

Hi All,

This is my EURUSD 26 Mar 2024 W13 – Intraday Analysis – US Durable Goods (Ramadan Late Analysis)

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net

Finally!!!
New all time high account balance / net equity achieved today.
My system finally worked as originally designed because I stuck to it like I was supposed to.
Apparently, my biggest issue in the past has been not fully sticking to the system I was working with, any system.
During the 140 pip EUR/USD dump last week, I kept adding to my underwater long positions on the way down, per my system, with no less than 10 pips apart, each additional position larger than the last.
I ended up with 9 long positions. Then, at the bottom of 1.0802, my average of +10 pips TP for longs was only 54 pips away at 1.0856. We ended up getting 62 pips retrace back up to 1.0864, so plenty of room to spare.
During the dump, I also opened 1 short position at a time with 10 pips TP. It would had obviously worked better just adding to the winning short positions and riding it all the way down, but the thing is, you never know when it's going to bounce. So, I had better peace of mind to just set a 10 pip TP, then keep opening another one, etc.
When it did bounce off of 1.0802, that short position went into drawdown, so I started adding more shorts to it, with no less than 10 pips apart. At the top of today's bullish action at 1.0864, my average of +10 pips TP for shorts was only 36 pips away at 1.0828, which did also get hit today.
So, a beautiful payday for me today!
However, because of so much drawdown, and averaging out with larger positions, the smallest positions (especially demo accounts) ended up taking losses.
But that's all part of the plan. This way, the largest positions are exposed to the least risk of loss, and end up taking the largest piece of the cake. They are the ones that I expect to keep upgrading to higher levels over time.
Currently, I have 1 short and 2 long positions in place, ready for the next cycle, large or small.
I can't say if this system would work as well with other Forex pairs.
It usually works pretty good for EUR/USD because of its tendency to consolidate and go sideways a lot and balance itself out after every breakout.
Completing level 3 of my system doesn't seem likely for the month of March anymore, so I'm moving that goal to the end of April. Maybe the goal should be more like achieving 1 new level every 2 months, which would be good enough.

Current progress so far:

11 Level 1 (demo) accounts are finished at +100% ROI.
4 Level 2 (Live) accounts are finished at +100% ROI.
5 Level 1 (Demo) accounts started with $100k.
7 Level 2 (Live) accounts started with $100.
4 Level 3 (Live) accounts started with $400.

Current Net Equity results from best to worst:

Level 3 Live $400 to $800:
#2 Level 3 = $505.03 (+26.26%) (21 trading days)
#1 Level 3 = $502.26 (+25.57%) (25 trading days)
#4 Level 3 = $465.98 (+16.50%) (21 trading days)
#3 Level 3 = $439.62 (+9.91%) (21 trading days)

Level 2 Live $100 to $200:
#10 Level 2 = $160.70 (+60.70%) (34 trading days)
#5 Level 2 = $147.42 (+47.42%) (50 trading days)
#7 Level 2 = $124.15 (+24.15%) (49 trading days)
#9 Level 2 = $122.91 (+22.91%) (37 trading days)
#6 Level 2 = $87.95 (-12.05%) (49 trading days)
#3 Level 2 = $83.28 (-16.72%) (52 trading days)
#11 Level 2 = $60.20 (-39.80%) (31 trading days)

Combined results for live accounts:
Deposit = $1,900.00
Net Equity = $2,699.50
Profit +$799.50 (+42.08%)
(31-60 trading days)

Level 1 Demo $100k to $200k:
#14 Level 1 = $138,608 (+38.61%) (13 trading days)
#12 Level 1 = $116,368 (+16.37%) (15 trading days)
#13 Level 1 = $101,087 (+1.09%) (14 trading days)
#16 Level 1 = $85,375 (-14.63%) (13 trading days)
#15 Level 1 = $53,396 (-46.60%) (13 trading days)

Combined results for demo accounts:
Deposit = $500,000
Net Equity = $494,834
Profit -$5,166 (-1.03%) (13-15 trading days)

Overall equivalent results of 16 Total (Demo + Live) accounts combined:
Deposit = $1,600,000
Net Equity = $3,980,944
Profit = $2,380,944 (+148.81%)
(13-85 trading days)

Average 46.3125 trading days per account (16 Demo + Live accounts combined):
Average +1.99% ROI per trading day (+10.35% per week, +53.27% per month) compounded.

My Trade Explorer is now fully updated with 8 of my best performing accounts.

Hi All,

This is my EURUSD 27 Mar 2024 W13 – Intraday Analysis (Ramadan Late Analysis)

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net

I wish I had the time to trade this simple set up

Hi All,

This is my EURUSD 28 Mar 2024 W13 – Intraday Analysis – US GDP/Jobless (Ramadan Late Analysis)

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net

Daily chart using RSI 14

D1: USDJPY and USDCHF ready to fall.
H4-wave MACD is close to 0.

Yes USD CHF daily

Hi All,

This is my EURUSD 1-5 Apr 2024 W14 Weekly Analysis – NFP Week!

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net

1. price below 200 sma on all time frames
2. price below h1 20 100 200 sma
3. h1 macd down
4. h1 rsi below 50

first trade for this week taken , approximate target 730

i don't like using many indicators on chart

just a few here and there, this is why i get such signals