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Attachments: Magnetic Target Zone with Capped Martingale
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Magnetic Target Zone with Capped Martingale

  • #81
  • Oct 23, 2014 10:20am Oct 23, 2014 10:20am
Today's Fifth Trade :
USDJPY (F1) : sell 0.03 lot at 108.16. TP 107.75. SL post 3rd Martingale.
Next Level sell 0.05 lot at 108.76 (F2) if TP not hit on above trade (F1) and goes further up. TP at this level will be 108.16 .(All USDJPY trades closed)
Last Level sell 0.07 lot at 109.36 (F3) if TP not hit on the above trade (F2) and goes further up. TP at this level will be 108.76. (All USDJPY trades closed)
If the pair continues falling then SL of all above trades (F1 , F2 , F3) will be 109.60.
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  • #82
  • Oct 23, 2014 10:40am Oct 23, 2014 10:40am
Another Observation has been made on this system. It is noticed that once a trade is carried forward to the next day the conditions change drastically and makes the system liable to fail.( less likely to hit the actual target). The trades are supposed to be closed within the same day or in 4-6 hours whichever is later.
This is done on the basis "Live today and Kill another day".
In some situations the trades can be closed as per my personal opinion/assumption/intuition/prediction beyond the above mentioned time.
Ideally I will try to close such trades in profit or break even. In some scenarios I may close it at a loss also.
If there is profit generated on above such trades then I will not add it to the summary on 1st post. However if there is a loss I will show it in the summary on the 1st post. Also this will prevent paying negative excess swaps which eat into profits.
lets see how this goes from here.
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  • #83
  • Oct 23, 2014 12:05pm Oct 23, 2014 12:05pm
Today's Sixth Trade :
NZDUSD (G1) : buy 0.03 lot at 0.7819 TP 0.7860. SL post 3rd Martingale.
Next Level buy 0.05 lot at 0.7759 (G2) if TP not hit on above trade (G1) and goes further down. TP at this level will be 0.7819 .(All NZDUSD trades closed)
Last Level buy 0.07 lot at 0.7699 (G3) if TP not hit on the above trade (G2) and goes further down. TP at this level will be 0.7759. (All NZDUSD trades closed)
If the pair continues falling then SL of all above trades (G1 , G2 , G3) will be 0.7674.
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  • #84
  • Oct 23, 2014 12:32pm Oct 23, 2014 12:32pm
I have taken 6 entries today. So far only 1 trade is closed. Other 5 trades are still open ( currently all are negative with 20-50 pips). I am looking to enter 2 more trades today where opportunity is building up.
Waiting patiently like a crocodile to pounce on the exact opportunity.
It is way past my dinner time (11 pm) and in another hour I will go to sleep.
Lets see if I can grab the 2 opportunities.
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  • #85
  • Oct 23, 2014 7:57pm Oct 23, 2014 7:57pm
Quoting New-Pragati
I have taken 6 entries today. So far only 1 trade is closed. Other 5 trades are still open ( currently all are negative with 20-50 pips). I am looking to enter 2 more trades today where opportunity is building up. Waiting patiently like a crocodile to pounce on the exact opportunity. It is way past my dinner time (11 pm) and in another hour I will go to sleep. Lets see if I can grab the 2 opportunities.
I got both the above mentioned entries on my android phone.
GBPJPY closed in a profit of $14.65 in 1st step of the trade. step 2 and step 3 are cancelled.
Attached Image (click to enlarge)
Click to Enlarge Name: proof 19.jpg Size: 38 KB
Striving to Develop & Implement Innovative Ideas
  • #86
  • Edited 9:43pm Oct 23, 2014 9:31pm | Edited 9:43pm
Quoting New-Pragati
Today's second Trade : AUDNZD (C1) : sell 0.03 lot at 1.1175. TP 1.1125. SL post 3rd Martingale. Next Level sell 0.05 lot at 1.1250 (C2) if TP not hit on above trade (C1) and goes further up. TP at this level will be 1.1175 (All AUDNZD trades closed) Last Level sell 0.07 lot at 1.1325 (C3) if TP not hit on the above trade (C2) and goes further up. TP at this level will be 1.1250. (All AUDNZD trades closed) If the pair continues falling then SL of all above trades (C1 , C2 , C3) will be 1.1360.
Quoting New-Pragati
Today's Third Trade : EURNZD (D1) : sell 0.03 lot at 1.6135. TP 1.6090. SL post 3rd Martingale. Next Level sell 0.05 lot at 1.6210 (D2) if TP not hit on above trade (D1) and goes further up. TP at this level will be 1.6135 (All EURNZD trades closed) Last Level sell 0.07 lot at 1.6290 (D3) if TP not hit on the above trade (D2) and goes further up. TP at this level will be 1.6135. (All EURNZD trades closed) If the pair continues falling then SL of all above trades (D1 , D2 , D3) will be 1.6325.
Quoting New-Pragati
Today's Fourth Trade : (another opportunity in GBPNZD) GBPNZD (E1) : sell 0.03 lot at 2.0460. TP 2.0380. SL post 3rd Martingale. Next Level sell 0.05 lot at 2.0560 (E2) if TP not hit on above trade (E1) and goes further up. TP at this level will be 2.0460.b(All GBPNZD trades closed) Last Level sell 0.07 lot at 2.0660 (E3) if TP not hit on the above trade (E2) and goes further up. TP at this level will be 2.0560. (All GBPNZD trades closed) If the pair continues falling then SL of all above trades (E1 , E2 , E3) will be 2.0710.
Quoting New-Pragati
Today's Fifth Trade : USDJPY (F1) : sell 0.03 lot at 108.16. TP 107.75. SL post 3rd Martingale. Next Level sell 0.05 lot at 108.76 (F2) if TP not hit on above trade (F1) and goes further up. TP at this level will be 108.16 .(All USDJPY trades closed) Last Level sell 0.07 lot at 109.36 (F3) if TP not hit on the above trade (F2) and goes further up. TP at this level will be 108.76. (All USDJPY trades closed) If the pair continues falling then SL of all above trades (F1 , F2 , F3) will be 109.60.
Quoting New-Pragati
Today's Sixth Trade : NZDUSD (G1) : buy 0.03 lot at 0.7819 TP 0.7860. SL post 3rd Martingale. Next Level buy 0.05 lot at 0.7759 (G2) if TP not hit on above trade (G1) and goes further down. TP at this level will be 0.7819 .(All NZDUSD trades closed) Last Level buy 0.07 lot at 0.7699 (G3) if TP not hit on the above trade (G2) and goes further down. TP at this level will be 0.7759. (All NZDUSD trades closed) If the pair continues falling then SL of all above trades (G1 , G2 , G3) will be 0.7674.
The above 5 trades mentioned yesterday and CADJPY trade taken as mentioned in post 84 and 85 have all been closed before the system could close it. (As mentioned in post 82 )
Though the overall is profit of over $30 but I will not add it to the summary as the system was not fulfilled.
attaching 1 screenshot for the above. I am feeling lazy to calculate and post individual trade details.
Attached Image (click to enlarge)
Click to Enlarge Name: proof 20.jpg Size: 218 KB
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  • #87
  • Oct 27, 2014 10:27pm Oct 27, 2014 10:27pm
I did not get any trades as per my system in last few days.
One observation made when I learnt trading which I would like to add here :
The market does not give us profits when we want it instead we take profits when the market gives it to us.
The market does not give us profits based on our requirements instead we take profits based on our investment and risk.
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  • #88
  • Oct 28, 2014 9:50am Oct 28, 2014 9:50am
New-Pragati

Which Broker are you using for your trades?
What are all the currency pairs you are observing?

Are you expecting any possible trade for GBPJPY as per your system?
  • #89
  • Oct 28, 2014 11:45am Oct 28, 2014 11:45am
Quoting chandan655
New-Pragati Which Broker are you using for your trades? What are all the currency pairs you are observing? Are you expecting any possible trade for GBPJPY as per your system?
Currently I am using a very pathetic market maker broker. I plan to move to exness pretty soon.
The pairs I am observing are :
EURCHF , EURGBP , USDCHF , USDCAD , USDJPY , EURUSD , NZDUSD , AUDUSD , CADJPY , AUDCHF , AUDCAD , AUDNZD , CHFJPY , NZDJPY , AUDJPY , GBPUSD ,
GBPCHF , EURJPY , EURCAD , EURAUD , GBPJPY , GBPCAD , EURNZD , GBPAUD , GBPNZD
Right now I have not got any trade opportunities nor am I seeing any pair creating an opportunity. Not even GBPJPY.
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  • #90
  • Oct 28, 2014 12:49pm Oct 28, 2014 12:49pm
Quoting New-Pragati
{quote} Currently I am using a very pathetic market maker broker. I plan to move to exness pretty soon. The pairs I am observing are : EURCHF , EURGBP , USDCHF , USDCAD , USDJPY , EURUSD , NZDUSD , AUDUSD , CADJPY , AUDCHF , AUDCAD , AUDNZD , CHFJPY , NZDJPY , AUDJPY , GBPUSD , GBPCHF , EURJPY , EURCAD , EURAUD , GBPJPY , GBPCAD , EURNZD , GBPAUD , GBPNZD Right now I have not got any trade opportunities nor am I seeing any pair creating an opportunity. Not even GBPJPY.
looks like we have a few common things, lol.
I trade with exness, and more importantly, I am not seeing any good opportunity to trade right now, neither.
the difference that I am watching a lot less pairs now.
there is always, always another trade!!
  • #91
  • Oct 28, 2014 10:18pm Oct 28, 2014 10:18pm
Quoting profitfarmer
{quote} looks like we have a few common things, lol. I trade with exness, and more importantly, I am not seeing any good opportunity to trade right now, neither. the difference that I am watching a lot less pairs now.
yep. Common things for profitable traders.
My previous experience with exness was very good but that time I was not a profitable trader.
Now I will check my experience as a profitable trader. I have noticed profitable traders have many issues with prokers. I am a small trader who will be making profits very similar to 'taking a jug of water out of the ocean regularly' . I guess I might not have much issues.
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  • #92
  • Oct 29, 2014 12:08am Oct 29, 2014 12:08am
Quoting New-Pragati
{quote} yep. Common things for profitable traders. My previous experience with exness was very good but that time I was not a profitable trader. Now I will check my experience as a profitable trader. I have noticed profitable traders have many issues with prokers. I am a small trader who will be making profits very similar to 'taking a jug of water out of the ocean regularly' . I guess I might not have much issues.
I had some issues.But all got solved so far. End of the day, that matters.
there is always, always another trade!!
  • #93
  • Oct 30, 2014 3:39am Oct 30, 2014 3:39am
After a few days , today I got an entry :
Today's First Trade :
EURUSD (A1) : buy 0.03 lot at 1.2560. TP 1.2610. SL post 3rd Martingale. Next Level buy 0.05 lot at 1.2500 (A2) if TP not hit on above trade (A1) and goes further down. TP at this level will be 1.2560 (All EURUSD trades closed) Last Level buy 0.07 lot at 1.2440 (A3) if TP not hit on the above trade (A2) and goes further down. TP at this level will be 1.2500. (All EURUSD trades closed) If the pair continues falling then SL of all above trades (A1 , A2 , A3) will be 1.2415.
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  • #94
  • Oct 30, 2014 8:08am Oct 30, 2014 8:08am
Quoting New-Pragati
After a few days , today I got an entry : Today's First Trade : EURUSD (A1) : buy 0.03 lot at 1.2560. TP 1.2610. SL post 3rd Martingale. Next Level buy 0.05 lot at 1.2500 (A2) if TP not hit on above trade (A1) and goes further down. TP at this level will be 1.2560 (All EURUSD trades closed) Last Level buy 0.07 lot at 1.2440 (A3) if TP not hit on the above trade (A2) and goes further down. TP at this level will be 1.2500. (All EURUSD trades closed) If the pair continues falling then SL of all above trades (A1 , A2 , A3) will be 1.2415.
The above trade closed in a few hours in the 1st step with a profit of $14.85 (after deducting charges)
Step 2 and step 3 trades are cancelled.
Attached Image (click to enlarge)
Click to Enlarge Name: proof 21.jpg Size: 39 KB
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  • #95
  • Oct 30, 2014 11:59pm Oct 30, 2014 11:59pm
Today's First Trade :
USDJPY (A1) : sell 0.03 lot at 110.24. TP 109.60. SL post 3rd Martingale. Next Level sell 0.05 lot at 110.84 (A2) if TP not hit on above trade (A1) and goes further up. TP at this level will be 110.24 (All USDJPY trades closed) Last Level sell 0.07 lot at 111.44 (A3) if TP not hit on the above trade (A2) and goes further up. TP at this level will be 110.84. (All USDJPY trades closed) If the pair continues rising then SL of all above trades (A1 , A2 , A3) will be 111.70.
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  • #96
  • Oct 31, 2014 12:06am Oct 31, 2014 12:06am
Today's Second Trade :
GBPJPY (B1) : sell 0.03 lot at 176.14. TP 175.50. SL post 3rd Martingale. Next Level sell 0.05 lot at 176.94 (B2) if TP not hit on above trade (B1) and goes further up. TP at this level will be 176.14 (All GBPJPY trades closed) Last Level sell 0.07 lot at 177.74 (B3) if TP not hit on the above trade (B2) and goes further up. TP at this level will be 176.94. (All GBPJPY trades closed) If the pair continues rising then SL of all above trades (B1 , B2 , B3) will be 178.00.
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  • #97
  • Oct 31, 2014 12:36am Oct 31, 2014 12:36am
Today's third Trade :
CHFJPY (C1) : sell 0.03 lot at 115.41. TP 114.90. SL post 3rd Martingale. Next Level sell 0.05 lot at 116.01 (C2) if TP not hit on above trade (C1) and goes further up. TP at this level will be 115.41 (All CHFJPY trades closed) Last Level sell 0.07 lot at 116.61 (C3) if TP not hit on the above trade (C2) and goes further up. TP at this level will be 116.01. (All CHFJPY trades closed) If the pair continues rising then SL of all above trades (C1 , C2 , C3) will be 116.85.
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  • #98
  • Oct 31, 2014 12:58am Oct 31, 2014 12:58am
Today's Fourth Trade :

EURJPY (D1) : sell 0.03 lot at 139.39. TP 138.90. SL post 3rd Martingale. Next Level sell 0.05 lot at 140.19 (D2) if TP not hit on above trade (D1) and goes further up. TP at this level will be 139.39 (All EURJPY trades closed) Last Level sell 0.07 lot at 140.99 (D3) if TP not hit on the above trade (D2) and goes further up. TP at this level will be 140.19. (All EURJPY trades closed) If the pair continues rising then SL of all above trades (D1 , D2 , D3) will be 141.25.
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  • #99
  • Oct 31, 2014 1:15am Oct 31, 2014 1:15am
Today's Fifth Trade :
CADJPY (E1) : sell 0.03 lot at 98.96. TP 98.46. SL post 3rd Martingale. Next Level sell 0.05 lot at 99.56 (E2) if TP not hit on above trade (E1) and goes further up. TP at this level will be 98.96 (All CADJPY trades closed) Last Level sell 0.07 lot at 100.16 (E3) if TP not hit on the above trade (E2) and goes further up. TP at this level will be 99.56. (All CADJPY trades closed) If the pair continues rising then SL of all above trades (E1 , E2 , E3) will be 100.40.
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  • #100
  • Oct 31, 2014 1:19am Oct 31, 2014 1:19am
Today's Sixth Trade :

NZDJPY (F1) : sell 0.03 lot at 86.83. TP 86.30. SL post 3rd Martingale. Next Level sell 0.05 lot at 87.43 (F2) if TP not hit on above trade (F1) and goes further up. TP at this level will be 86.83 (All NZDJPY trades closed) Last Level sell 0.07 lot at 88.03 (F3) if TP not hit on the above trade (F2) and goes further up. TP at this level will be 87.43. (All NZDJPY trades closed) If the pair continues rising then SL of all above trades (F1 , F2 , F3) will be 88.30.
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