I challenge my self to withdraw profit every month ( GBP/JPY) | Page 9 | Forex Factory

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I challenge my self to withdraw profit every month ( GBP/JPY)

  • #161
  • Edited 5:10pm Aug 13, 2016 6:52am | Edited 5:10pm
Fellow traders,

Please train yourself to recognize trends in the GJ pair. There is an Uptrend, Downtrend and Sideways trend. All of these trends profitably as long as we do a transaction at the right time.
  • #162
  • Aug 13, 2016 6:59am Aug 13, 2016 6:59am
As a day trader then we do not need to analyze too much because at the end of the day the ongoing trend will win the battle . The conclusion is follow the running trend if you want to make money.
  • #163
  • Aug 13, 2016 7:25am Aug 13, 2016 7:25am
The biggest problem for most traders is where to start to take a position, how much targets to achieve and how much loss can be tolerated. Surely this kind of thing is very easy for us who trade daily.
  • #164
  • Aug 14, 2016 12:09am Aug 14, 2016 12:09am
Hello fellow traders,

If you look carefully at the 2nd chart in my blog then you will realize that there were times when I did not take any position at all. Why?
  • #165
  • Aug 14, 2016 12:25am Aug 14, 2016 12:25am
Quoting Cm7
Hello fellow traders, If you look carefully at the 2nd chart in my blog then you will realize that there were times when I did not take any position at all. Why?
thank you, found it, will keep follow your method
  • #166
  • Aug 14, 2016 12:43am Aug 14, 2016 12:43am
The answer could be because I was on vacation during that time?
  • #167
  • Aug 14, 2016 12:51am Aug 14, 2016 12:51am
Before I give an answer then you need to know that we as day traders don't need to make transactions every day.
  • #168
  • Aug 14, 2016 12:58am Aug 14, 2016 12:58am
If we transact 1 or 2 times a week that produced 300 pips then it is enough for us, right? That means we can get 1.000-1.200 pips per month
  • #169
  • Aug 14, 2016 1:06am Aug 14, 2016 1:06am
So from now on we will trade together using a daily time frame. Please inquire at any time and I will answer, especially if you are preparing to make entry
  • #170
  • Aug 14, 2016 1:21am Aug 14, 2016 1:21am
For those of you who already made entry then please post your chart in this thread so we can see your entry point, target and stop loss . By doing this then you make a call in advance and you will be proud after the price comes to execute your target point.
  • #171
  • Aug 14, 2016 2:01am Aug 14, 2016 2:01am
Quoting Cm7
Hello fellow traders, If you look carefully at the 2nd chart in my blog then you will realize that there were times when I did not take any position at all. Why?
Because MACD didn't allow me to join the party It is sad but that is exactly what happened. However, do not forget that this same MACD has given 6 wins and 3 losses with total profit of 1.060 pips during the month of July 2016
  • #172
  • Aug 14, 2016 2:11am Aug 14, 2016 2:11am
So once again, if you think that 1.000 pips per month is enough for you, then immediately turned into a day trader. As a day trader then there are some obligations that you must fulfill.
  • #173
  • Aug 14, 2016 2:24am Aug 14, 2016 2:24am
The 1st obligation is,

You may use this method for the GBP/JPY pair only, the reason is because this method is only suitable for this pair. Even for GBP/USD or USD/JPY this method is not suitable.
  • #174
  • Aug 14, 2016 2:35am Aug 14, 2016 2:35am
The 2nd obligation is,

You must follow the situation during US session especially 3 hours before Tokyo open. Also, you need to read the red news in FF.
  • #175
  • Aug 14, 2016 2:43am Aug 14, 2016 2:43am
The 3rd obligation,

You must know how to calculate Pivot, R123 and S123. I mean Pivot in H1 chart. This is simple but very important because we almost make entry near Pivot ( slightly above or below) with target 300 pips or S3/R3.
  • #176
  • Aug 14, 2016 9:15am Aug 14, 2016 9:15am
Quoting Dabing
{quote} thank you, found it, will keep follow your method

Have you been to my new blog? That's very nice, did you meet Ms. Scarlett Johansson there?

Please visit this blog as soon as Tokyo open. I will make call between 6.00 - 09.00 ( Jakarta time GMT +6) if there is a good signal available.
  • #177
  • Aug 14, 2016 9:42am Aug 14, 2016 9:42am
Frankly, any pips that we get from FX market next week, then I will be very satisfied if friends from developing countries get 300 pips.
  • #178
  • Aug 14, 2016 9:52am Aug 14, 2016 9:52am
Bed time for me guys See you tomorrow.
  • #179
  • Aug 14, 2016 9:48pm Aug 14, 2016 9:48pm
Good morning fellow traders,



I was up early this morning but I haven't seen a good signal, at least there has been no signal for a daily trader.
  • #180
  • Aug 14, 2016 10:09pm Aug 14, 2016 10:09pm
Things like this is sometimes persuade a beginner trader to start gambling. He will chase the running candles, up and down. Sometimes he makes 30 pips profit then loss 40 pips and loss again 50 pips.
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