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EURUSD

  • #1,018,201
  • Aug 11, 2015 3:14pm Aug 11, 2015 3:14pm
I think the pair will go up to 1.1170 in this upward movement
  • #1,018,202
  • Aug 11, 2015 3:16pm Aug 11, 2015 3:16pm
there is no one strategy,complete the babypips.com course, read and listen to the experienced members on the thread,do your own research,, keep a journal and trade small lots for small pip counts. and you will develop your own. that works for you. good luck this takes time,,lots of it
  • #1,018,203
  • Aug 11, 2015 3:31pm Aug 11, 2015 3:31pm
search for Price action trading and start to learn that.Try to find if you like short term trading or long term and stick to your plan.
  • #1,018,204
  • Aug 11, 2015 4:18pm Aug 11, 2015 4:18pm
Quoting AyushAtts
Hey Guys, I was wondering if someone could help me. Its been few week now but I am still unable to find any strategies which works in present markets condition. I have been searching for strategies and what I find are already out dated other than breakouts. Please help me if anyone have a strategy which works for Major forex pairs with win to lose ratio of atleast 60:40. Thanks

Please go back to demo for your own sake.. i think you really need to grasp what it means to make money in this market... lets say i give you a 60:40 win rate... you win $1 x 60 .. and u lose $2x40.. u still end up as a losing trader... Its about profitability.. thats all... If u want to have a win rate of 60.. then your 40 better have even tighter stops then the 60...

If you want high W/L ratio without considering the losses.. then i think ur gonna be in for a world of pain.. it will punish you. good luck.
There is no royal road to anything.
  • #1,018,205
  • Aug 11, 2015 4:32pm Aug 11, 2015 4:32pm
Quoting AyushAtts
Hey Guys, I was wondering if someone could help me. Its been few week now but I am still unable to find any strategies which works in present markets condition. I have been searching for strategies and what I find are already out dated other than breakouts. Please help me if anyone have a strategy which works for Major forex pairs with win to lose ratio of atleast 60:40. Thanks
Hi, I am fairly new too( 1-1/2'yrs.) and I learned by losing over $2500.00 on small trad no less, that only your trading style will work for you. Some of the people on this forum have a lot of experience but they trade what is comfortable for them. There is some great advise and technical analysis from this forum but you have to find the style that you can understand and trust. No one can sell you success you must put the work into it. Start small, concentrate one 1 or 2 pairs and learn every thing anyone can teach you. Good luck.
  • #1,018,206
  • Aug 11, 2015 4:45pm Aug 11, 2015 4:45pm
Quoting gatorinla
close today below 1063 may be bearish. stronger below 1021 0982 0964.. opposite with a close above 1063.. last h closed below 1063 ironic that happens a bunch.. 0963.5 and 1063 100 pips apart.. some s/r expected at 1063
Closed exactly halfway between 1063 and 1021... Looks like we're stuck here (1.085 - 1.113) until something tips it over.
  • #1,018,207
  • Aug 11, 2015 6:21pm Aug 11, 2015 6:21pm
Quoting shay14
{quote} this one http://www.forexfactory.com/attachme...2&d=1439308833
here it is.
Attached File(s)
File Type: ex4 StepMA_v7.2 pdf.ex4   27 KB | 362 downloads
Intraday only.
  • #1,018,208
  • Aug 11, 2015 7:01pm Aug 11, 2015 7:01pm
Quoting navk
{quote} there is a chance 7280 might hold, just for today only.
7280 has held, so you must be able to close it. Technically and fundamentally AUD is bearish though.
Intraday only.
  • #1,018,209
  • Aug 11, 2015 7:05pm Aug 11, 2015 7:05pm
Quoting Leinadgnow
{quote} Please go back to demo for your own sake.. i think you really need to grasp what it means to make money in this market... lets say i give you a 60:40 win rate... you win $1 x 60 .. and u lose $2x40.. u still end up as a losing trader... Its about profitability.. thats all... If u want to have a win rate of 60.. then your 40 better have even tighter stops then the 60... If you want high W/L ratio without considering the losses.. then i think ur gonna be in for a world of pain.. it will punish you. good luck.
nope you are only half right, your win loss ratio is wrong, 60/40 is an excellent ratio, but have to stick strictly to the trade plan of specific 60/40 -example
$1 per pip
rr 1/1 (seeking 10 pip, risking 10 pip sl)
10 trades
6o% or 6 winning trade = 60 pips / $60
40% or 4 losing trades = 40 pips /- $40 less spread less slip
result 20 pip / $20 profit less spread less slip
Do this consistently, account will grow
Increase r/r,will grow faster
Micromanage each trade - partial close once risk is covered and target r/r achieved and let runners continue, and/or continue partialing eg
same plan as above
once trade has achieved 10pip green (to cover sl) + 20pip ) close 1/3 position, (+10)is now a free trade,
Leave sl alone
once trade achieve another 10pip close another 1/3 (+10)
Move sl to BE
Trade plan is successful 10 pip banked (dont count (10 pip as was sl risk) and a 1/3 lot running, with no risk, if you in a trend runner could quickly appreciate and pay off nicely or could get stopped out, either way not need to watch or worry about this trade until time to close out
Lots of other shit to consider, but r/r and m/m are key to succeed, not a sprint a marathon, will undoubtedly be a marathon of pain without a plan
If you are new to Forex? Say Goodbye to your account!!
  • #1,018,210
  • Aug 11, 2015 7:19pm Aug 11, 2015 7:19pm
Quoting navk
{quote} 7280 has held, so you must be able to close it. Technically and fundamentally AUD is bearish though.
İ was out of my long with small loose , but shorted euraud , atleast made some of that
  • #1,018,211
  • Aug 11, 2015 7:21pm Aug 11, 2015 7:21pm
Quoting Pharm0r
{quote} brb buying an SUV
A Hummer here (and a pink one for my wife). It's gonna be the 70s all over again.
  • #1,018,212
  • Aug 11, 2015 8:11pm Aug 11, 2015 8:11pm
Quoting Ken A
{quote} {image} {quote} BS
Close to mt TP level, Might Turn from here

Quoting ill_be_back
{quote} 1.50430
A good trader follows his rules, but great trader knows when to break them
  • #1,018,213
  • Aug 11, 2015 8:13pm Aug 11, 2015 8:13pm
Quoting edyraper
{quote} İ was out of my long with small loose , but shorted euraud , atleast made some of that
Attached Image
  • #1,018,214
  • Aug 11, 2015 8:15pm Aug 11, 2015 8:15pm
Quoting KiwiTrada
{quote} nope you are only half right, your win loss ratio is wrong, 60/40 is an excellent ratio, but have to stick strictly to the trade plan of specific 60/40 -example $1 per pip rr 1/1 (seeking 10 pip, risking 10 pip sl) 10 trades 6o% or 6 winning trade = 60 pips / $60 40% or 4 losing trades = 40 pips /- $40 less spread less slip result 20 pip / $20 profit less spread less slip Do this consistently, account will grow Increase r/r,will grow faster Micromanage each trade - partial close once risk is covered and target r/r achieved and let runners...

Lol thanks for the further elaboration.. what i meant to say was that most people don't stick to even 1:1 risk reward ratio whereby they cut their profits too fast and let their losers ride.. i was thinking more simplistically i.e. he wants out of 100 trades.. 60 wins and 40 losses even without managing the risk or reward... that's what i meant through that example.. but thanks for going in depth haha
There is no royal road to anything.
  • #1,018,215
  • Aug 11, 2015 8:19pm Aug 11, 2015 8:19pm
PBOC just set the CNY mid point at 6.3306 versus last close at 6.3231, previous mid point 6.2298. So they are further weakening the Yuan.
  • #1,018,216
  • Aug 11, 2015 8:21pm Aug 11, 2015 8:21pm
what are the chinese onto?

everyday and a "devaluation"?
  • #1,018,217
  • Aug 11, 2015 8:25pm Aug 11, 2015 8:25pm
Quoting edyraper
{quote} {image}
posted and stopped out
  • #1,018,218
  • Aug 11, 2015 8:25pm Aug 11, 2015 8:25pm
Quoting Leinadgnow
{quote} Lol thanks for the further elaboration.. what i meant to say was that most people don't stick to even 1:1 risk reward ratio whereby they cut their profits too fast and let their losers ride.. i was thinking more simplistically i.e. he wants out of 100 trades.. 60 wins and 40 losses even without managing the risk or reward... that's what i meant through that example.. but thanks for going in depth haha
ok, yes traders nemisis, early exit, late exit, is a fine line sometimes
If you are new to Forex? Say Goodbye to your account!!
  • #1,018,219
  • Aug 11, 2015 8:28pm Aug 11, 2015 8:28pm
LOL ... what is going on in china
Fix up, trade sharp ...
  • #1,018,220
  • Aug 11, 2015 8:29pm Aug 11, 2015 8:29pm
Quoting Hickson
LOL ... what is going on in china
chinese? how about their swiss "friends" too...

its like an orchestra....
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