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.
--------------------------------------------------------------------------------------------------------------------------------------------------------
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.
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.
--------------------------------------------------------------------------------------------------------------------------------------------------------
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.
Last edited: