(binned per thread starter’s request) Growing Account Together

For this reason holding a small long on AUD/JPY. SL already at BE so its a free trade. Lets see how high it goes or will be out with a small profit

Check out how I traded it on Myfxbook (https://www.myfxbook.com/members/imtiaznafis/solidfx/1363723).

Entered another long on AUD/JPY
TP 87.50
SL 86.00

All the best!!!

Here is the chart

Closed my AUD/JPY trades. Didn't wait for tp to hit as retail sales as same as expected and also hit a trendline. Check the attached chart.

Check out my blog (http://www.themarketspeculator.com/blog) for new trade ideas published at the start of the week.

Follow me on twitter for real time update. @TMSpeculator.

Check out how I trade this setup from my live trade history.
https://www.simpletrader.net/signal/4309/SolidFx.html


As promised 100% transparent no BS.

Also check out our stats at MYFXBOOK.

https://www.myfxbook.com/members/imtiaznafis/solidfx/1363723

Add it to your watchlist to see what trades I am taking and how I manage my positions.

Cheers

Hi all,

Please be very careful with your trades especially if you are trading the pound. #SuperThursday is here. There will lot of volatility and plenty of trading opportunities. Just watch your sizes.

I will positing a detailed update after the news release. Please be sure to check back after the event risk for trading ideas.

May the Forex gods be kind to you today!!!!

Looking to buy GBP/NZD if the news comes out in favor.
If not sell GBP/USD and GBP/JPY. Will post my trades if I get the time

All members agree that, given the likely persistence of the headwinds weighing on the economy, when Bank Rate does begin to rise, it is expected to do so more gradually and to a lower level than in recent cycles. This guidance is an expectation, not a promise.

RATE INCREASE EXPECTATION CHANGED

Reason for the down move. Made excellent pips today with very limited risk

https://www.myfxbook.com/members/imtiaznafis/solidfx/1363723

See how we traded the news event!!

One of the best weeks for me. Up by 4.2% risking less than 1.8% floating dd. Those following at 2 times risk should be up by 8.4% with very limited risk.

Try us out with our 1 week trial. I assure you that you won't be disappointing.

Check out live verified performance here (https://www.simpletrader.net/signal/4309/SolidFx.html)
https://www.simpletrader.net/signal/4309/SolidFx.html

Please check back tomorrow for my weekly market outlook.

If you would have followed my suggestions you could've made around 400+ pips.

Check out our blog at www.themarketspeculator.com/blog (http://www.themarketspeculator.com/blog)
Twitter: @TMSpeculator (get all the market moving updates for the majors from various sources)

But it is a USD cent account.

You deposited only 20$....

Hi there,

Does it really matter? You have traders on Zulutrade with more than 1 Million USD in followers money trading from Demo account. I also have another account where I follow the signals from here.

Here is my another account following the same signal but trading more aggressively

https://www.myfxbook.com/members/imtiaznafis/compounding/1412075

Now please don't say the account is not verified. I haven't done it as I had no intention of making it public. Will verify it on Monday so there is no confusion.

I have another mam accounts but it includes clients money so I can't disclose them as its confidential. I hope you understand this much. And I think I am one of the most transparent poster here on the commercial section. The amount of data I have disclosed please show me another poster here who has done so.

The main thing is I am giving you trading calls before and also showing how this strategy performs in real market condition. I think that should be enough. You have so many people here who doesn't even do that.

Again this is a signal account from where I copy trades to many more accounts. Hope this helps. If you have any further question please ask.

Also I am offering free trial. Instead of saying what kind of account is it why don't you try it? You have nothing to lose. Attach it to a demo account and see if it works. No obligation to pay. You can see first hand how I trade and if you can make profit or not. THanks

Whatever the 20$ or $20k, this trader's goal is to only build a good and realistic trading portfolio.
and whatever the demo account or cent account or million dollar account, you never ever develop
a long long trading portfolio if and only if you don't have a stable trading strategy and strong psychology.

I am saying that because I have see this "pattern" also on MQL5.

There are a lot of signal providers that use cent account.

Most of the time they go broke.....

Recently, MQL was forced to add a warning to signal that use cent account

I completely understand your concern. That's why I kept everything open so you can actually see how I take my trades and position size. You will see I always keep my position small and cut my losses at a pre-defined level. I have been trading this way for 9 months without any losing month.

The ones that go broke either use grid or martingale strategies. I don't use either of them.

Also the trade copier has a in built system which will close all trades at a predefined level. I recommend my follower to choose 10%. So, when a dd of 10% is hit you can cancel the subscription. This way you can protect your account for those fraudulent signal providers or some black swan event in the marketplace.. I always stress on transparency. Keep an eye out I will post my market views later on today. I hope you find it helpful.

Last week we let the beast out of the cage in the currency markets. The currency market ran wild as lot of fundamentals came out and few Central Banks changed their stance on Monetary Policy and their forecast. Here is the recap of the main events of last week:

Key events of last week:
AUD AND NZD
China Exports Drop for Fourth Month, Adding to Signs of Slowing. Overseas shipments dropped 3.6 percent in October in Yuan terms, the customs administration said Sunday, compared with a 1.1 percent decline in September. Imports fell for a 12th straight month, declining 16 percent in Yuan terms, after a 17.7 percent decrease the prior month
New Zealand employment falls as unemployment rises to 6.0 percent
Fonterras Global Dairy Price index falls 7.4%. The Fonterra global daily price index falls by 7.4% at the current auction (auctions are held twice a month). The average selling price came in at $2.569 per tonnne. The index fell 3.1% at the previous sale. A total of 33,997 tonnes was sold at auction, down 1.5% from the previous one.
USD
Fed's Evans says conditions look like they could be right for a rate hike
Payrolls in U.S. Climb Most This Year as Jobless Rate Reaches 5%. NFP came in at 271K beating the forecast of 181 by miles.
GBP
All members agree that, given the likely persistence of the headwinds weighing on the economy, when Bank Rate does begin to rise, it is expected to do so more gradually and to a lower level than in recent cycles. This guidance is an expectation, not a promise.

Event risk for the upcoming week:
Next week the calendar is very light on high impact economic news. The key events for next week are:
Tuesday:
Chinese CPI data
Wed:
RBNZ Governer Wheeler Speaks
GBP Unemployment rate
GBP Governor Carney Speaks
ECB President Draghi Speaks

Thursday:
AUD Employment Figure
USD Unemployment claims

Friday:
USD Retails Sales

Comments on what to expect:
Next week we might see the continued USD strength. Pairs that I am looking at trading are as follows as I expect them to offer the best opportunities:
AUD/USD
NZD/USD
GBP/NZD
USD/JPY
EUR/USD
GBP/AUD

Technical Setup

Due to extreme move in the market I only have 1 trade setup. I will post more during the week as I am waiting for more confirmation.

Follow me on twitter @TMSpeculator
Feel free to watch and copy my live trades at myfxbook (http://www.myfxbook.com/members/imtiaznafis/solidfx/1363723). Link below
http://www.myfxbook.com/members/imtiaznafis/solidfx/1363723

Took 2 trades today. Check my twitter for the first trade.

Second trade as per my chart analysis provided yesterday. Chart attached below

And down down down it goes....where she stops no one knows!