Can somebody show a chart of the last trap formation please...I had 1.3663 as the top of the range...and it would have hit sl...1.3666 and It would be safe...
Can somebody show a chart of the last trap formation please...I had 1.3663 as the top of the range...and it would have hit sl...1.3666 and It would be safe...
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Joined Jun 2008
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Status: Trade to Survive
|916 Posts
Second trade from last night clipped my SL by one pip, and went down and looked like it hit TP. However that is how it goes sometimes. So again another night where I made 4% gain, and lost 2%. Actually with bonus pips and getting in behind trade I made 3.3% gain last night. So not a bad night, actually +% gain any night is a bonus. Good job last night all. I appreciate all that are helping me answer questions.
Hi Raz,
first of all, let me thank you for being so generous to share your trading method with all of us. I just came across your thread and I had a quick look at EU to see any possible setup (it's 5.20pm here in the UK). I believe I found one good setup according to your rules, but I would like you to take a few minutes to have a look at the picture attached and see wheter or not I did the right thing.
Once again, thanks for sharing and for taking the time to read this.
Regards,
akrasiel
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Joined Jun 2008
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Status: Trade to Survive
|916 Posts
I have been asked various forms of this question, "what's your drawdown... how many losing trades have you had? Bla bla bla?
Although this is a valid question I just don't understand asking it. You may bounce from method to method, or system to system asking what the results maybe. But does that really help you be successful?
Lot of you that think if by asking this question, this will help you progress in Forex.... you are absolutely off track. I don't mind sharing my success, but wait think about this for sec... THIS IS ME! NOT YOU! In order to ever be successful in anything you need to practice and experiment. Learn from your mistakes, and make adjustments that best fits you.
I am getting so many people asking what my results are, and then never hearing from them for again. I mean what do you expect? Because I can have good results that it should be good for you, NO! If I told you that I made +45% gain per week, and you did the same method and gained +10% a week. Would that be because I was a liar, or maybe it could be that you are not trusting your own abilities to test things out.
I feel like a lot of new traders, and let me say this 'I was like this at the start of my forex career' 'Trying to make money now, and make it fast' Too many of you are not experimenting before realizing what you have in hand. Your own results will dictate whether you can accomplish something or not, just like trading a method. It may or may not be for you.
Most of the traders who have traded with me alongside at night will vouch and may know me by now that I am not 'cocky' or have an ego. However if you are diving into this method and not quite sure about what you can gain from it, then take this thread and my sharing as a chance to experiment and learn. I mean I post my trades live as I take them, and I show exactly where and when and why I get in. However I am getting message left and right via the room or privately saying things like.. "I saw you longed at 1.3615, so did I what is the Stop loss and Take Profit?"
I'm like what! Are you kidding me? If you cant figure out what Stop Loss and Take Profit on such a short thread by now, why are you even trading it or even trading real money? This is the reason why forex traders have lost so much.
I am not a trade signal service, and never would ask anything in return for posting my trades live. However if you are going to try and trade this with me and learn this method, then do my the damn favor and read the thread!
I would say abut 80% people on skype among the 30+ members active online, are starting to get it with me.
But don't take a live trade with me if you see that I posted that I longed or shorted, and have no idea why or when or what reason I took the trade.
I may sound like I am upset, but I am trying to help others, and that is why I shared this method. I believe in helping and making this educational, but if you can't take the time to help yourself... the you are not going to be successful in trading.
Hi Raz,
first of all, let me thank you for being so generous to share your trading method with all of us. I just came across your thread and I had a quick look at EU to see any possible setup (it's 5.20pm here in the UK). I believe I found one good setup according to your rules, but I would like you to take a few minutes to have a look at the picture attached and see wheter or not I did the right thing.
Once again, thanks for sharing and for taking the time to read this.
Regards,
akrasiel
Hi RAZ! With reference to my previous mail, I know I am new in this forum, but I’ve been doing forex trading for at least a year., But my losing trades are more than the winning, that’s why I go everywhere, every plate form where I find some hope. I was about to quit trading then I came across your thread, you are the hope, the light. Now a days I am doing trade on Demo, could you plz let me know what is the best time to trade with your 1MF. I work Monday to Friday, 8 to 4 Eastern time. Waiting for your reply, Take care, Sevenskies
Well done Fred...great pipping....care to enlighten us on the slight modifications bro?
T
Ignored
i use a longer timeframe to set a trap (resistance and support) and trade within that trap, 5 pips at the time (profit wise) putting sl at top or bottom of that bigger trap. kinda hard to explain, if you want to get added on the skype group ill explain further
anyway this thread is about raz method not mine
stick with his method, it works... plain and simple, then once you got the hang of it, try to implement your own style
