Trade Forex with me-10AM-130PM-4 hours per day

Hello friends,

From tomorrow onwards, I will post my trade levels here. You can trade these levels on Demo to gain confidence.

Trading Rules are as follows:

1. Depending on your risk appetite, aggressive traders can keep a margin of 3 - 5 pips ( + /-) while entering and exiting the trades.
2. At a time only one order per pair is to be taken. If BUY is triggered, SELL order is canceled. If SELL is triggered, BUY order is canceled.
3. Don't initiate any new position after 1:45-2 PM IST. Open positions if any are to be managed after this time.
4. Always put the SL in the position. Please do not trade without a SL.
5. Please use proper Money Management.
6. Only 4 pairs are traded. EURUSD,GBPUSD,AUDUSD,EURJPY.
7. If no trade is triggered by 2:00 PM, stop trading.
8. Once a trade reaches midway of target price, book partial profits and move SL to Break Even Point or Entry Point. Thus if target is 60 pips, book some profits at 30 and move SL to BEP. If target is 50 pips, book profits at 30 and move SL to BEP.

Today's trades were as follows:

EUR: BUY 1.3839 SL 1.3809 TP 1.3889 -OR- SELL 1.3899 SL 1.3929 TP 1.3849.
GBP: BUY 1.6093 SL 1.6063 TP 1.6153 -OR- SELL 1.6173 SL 1.6203 TP 1.6113.

AUD: BUY 1.0083 SL 1.0053 TP 1.0133 -OR- SELL 1.0143 SL 1.0173 TP 1.0093.
EURJPY: BUY 111.9 SL 111.6 TP 112.5 -OR- SELL 112.6 SL 112.9 TP 112.


Results:

Only EURUSD was triggered.

For conservative traders, half profits were booked at +30 pips and half met the target of +50 pips.

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This thread was started on 9 Nov 2010.

As of 25 Nov 2010, here are the total pip results, all documented in the thread:

Nov: + 590 pips



C.M.

Views for the day:


EUR: BUY 1.3732 SL 1.3702 TP 1.3782 -OR- SELL 1.3792 SL 1.3822 TP 1.3742.
GBP: BUY 1.5957 SL 1.5927 TP 1.6017 -OR- SELL 1.6037 SL 1.6067 TP 1.5977.

AUD: BUY 1.0006 SL 0.9976 TP 1.0056 -OR- SELL 1.0066 SL 1.0096 TP 1.0016.
EURJPY: BUY 112.16 SL 111.86 TP 112.76 -OR- SELL 112.86 SL 113.16 TP 112.26.


C.M.

Update so far:

EURUSD SELL was triggered. It went on to Kiss the SL right by 2 pips and then went down. We consider this as -30 pips booked.

GBPUSD SELL was triggered. Booked profits of +60 pips in it.

EURJPY SELL was triggered. Holding it in the money by 8 pips.

AUDUSD SELL was triggered. Holding it in the money by 22 pips.

Will post further results later.

C.M.

All trades closed now. As per the rules, here are the results for the day:

EURUSD: -30 pips
GBPUSD: +60 pips(half lots booked at +30, half at +60)
EURJPY: +30 pips(half lots booked at +30, half at BEP)
AUDUSD: +25 pips(half lots booked at +25, half at BEP)


Total: 85 pips

Depending on whether one is conservative or aggressive trader, the exact results may differ.

C.M.

Views for the day:

EUR: BUY 1.3758 SL 1.3728 TP 1.3808 -OR- SELL 1.3818 SL 1.3848 TP 1.3768.
GBP: BUY 1.6099 SL 1.6069 TP 1.6159 -OR- SELL 1.6179 SL 1.6209 TP 1.6119.

AUD: BUY 1.0015 SL 0.9985 TP 1.0065 -OR- SELL 1.0075 SL 1.0105 TP 1.0025.
EURJPY: BUY 113.02 SL 112.72 TP 113.62 -OR- SELL 113.72 SL 114.02 TP 113.12.

C.M.

Update:

GBPUSD short was triggered and half lots booked at +30 pips. Half lots at BEP now. Currently position is +28 pips.

C.M.

hi,
can u tell me how u are calculating the levels .
regards
bala

Position is now running +50 pips. Conservative traders can book profits. Aggressive traders can wait for +60 or BEP.

C.M.

Results for the day:

GBPUSD: Sell: 60 pips.

Views for the day:

EUR: BUY 1.3653 SL 1.3623 TP 1.3703 -OR- SELL 1.3713 SL 1.3743 TP 1.3663

GBP: BUY 1.6076 SL 1.6046 TP 1.6136 -OR- SELL 1.6156 SL 1.6186 TP 1.6096

AUD: BUY 0.9824 SL 0.9794 TP 0.9874 -OR- SELL 0.9884 SL 0.9914 TP 0.9834

EURJPY: BUY 112.82 SL 112.52 TP 113.42 -OR- SELL 113.52 SL 113.82 TP 112.92