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I have a real account with a brokers using ECN platform talking about fx open with big equity and i trade exactly what i have presently with this account.
As a signal provider,this is a new account i set up for the sole purpose of my signals to drive home the analysis i made on my web page of turning 50usd to over 500,000usd in less than 5yrs and makes absolute no difference.
This is how i trade and i understand my supp/res levels so well as you will soon get to see. So whether its a cent account or mini/standard account,the result remains the same.And remember that i use a hedged swing meth......
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So lets have a feel of how i trade.
EURO:l am long on euro to res level 13200 but on friday evening,a bearish correction started and i am also hedging the bullish move with same lot size used in buying to support level 12975 with another 2 new positions entered to this support level.
UCAD: I am selling this pair to supp level 10107 but also hedging the swift bullish move to res level 10374 with same lot size used in selling and another 2 new positions opened.
EJ: I have a sell stop waiting on this pair to supp level 11065
USD/CHF:I entered long on this pair to res level 10279 with a hedg......
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[quote]forexma posted:
Stephanus, I understand your concerns and I support the critics against scammers but I don't agree with you in this case.
A person could have 5 accounts running 5 different strategies. If 4 of those accounts are in loss and the 5-th is a long term winner that doesn't make that person not credible. That's why there are different strategies and different accounts.
I think a person with myfxbook verified account, reputable broker as dbFX, CitiFX, FXCM, FxPro or else and quite large live account(a sign that the person trusts his strategy) cannot be called scammer.
As y......
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Are you sure this is scalping?
Scalping means gunning for 20pips or less in a very short move.
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This is a brief overview of my trading strategy.
1. I swing trade the 1hour chart using the daily trend as a yardstick.
2. I use an average stop loss of 200/300 pips to allow for crazy price action.
3.As regards risk exposure,i use not more than 10% of my equity on a single position making sure the 200/300 pips standard stop loss falls within 10% of my equity.
4. I use strong res/supp levels for my stop loss and profit levels.
5. I also use the swing hedged technique to catch on retracement while still holding on to the main trend.
6.Basically i trade euro/ej and ucad
7.Above all,i don't baby......
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Lets Discuss my swing trading technique
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Is there anyone willing to share their Money Management strategy? In Experienced Traders Sep 17 2010 at 22:43
cool[cool]
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Is there anyone willing to share their Money Management strategy? In Experienced Traders Sep 15 2010 at 05:40
In my Trading experience,if there is one thing i see as very unrealistic,it is the issue of risk/reward. Expecially for short term traders.
Price movement is way too random for 20pips/50pips stop loss as you may see your stops getting touched often.
To trade forex with absolute peace,you must understand that placing stop loss is not just about risk/reward but we have regions of strong supp/res levels and your stops should be safely placed below a strong support if bullish and above a strong res if you are bearish.
Your money management decision must be based on your trading method.
If you ......
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[confused] Maybe they are not sure of their trading skills.
I have mine published.
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Is there anyone willing to share their Money Management strategy? In Experienced Traders Sep 14 2010 at 18:13
[quote]exa96995 posted:
[quote]OMGTrader posted:
Hi Traders,
As we all know, there are 3 important ingredient in forex trading, there are:
1- System
2- Money Management
3- Psychology
Every forums and every websites I go people always emphasis on Trading System. Not many of them are talking about their Money Management. Is there anyone here willing to share their Money Management rules?
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all three matter
fixed lot, the size of lot and deposit depend on the past drawdowns
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I totally agree with you pal.
The point is that many traders see fx as a quick money make......
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