lseres's Posts | Myfxbook

Oscillator in Trading Systems Jul 10, 2015 at 08:37

FXM Live and my journey to success in New Traders Dec 01, 2014 at 08:55

Another losing week...Monday – a setup based on the expected continuation of the move on the EUR/USD, selling after a small retracement. Unfortunately the move did not continue, it reversed instead and hit my stoploss. Another similar setup had the same result for the second loss on the same day.Tuesday- news related setup (GDP data release) trading the NZD/USD. It did not hit my profit target and I was away from my pc, by the time I got back it hit my stoploss. Ben used the same setup and his profit target was hit, this is the most frustrating part as I don't really now what went wr...

FXM Live and my journey to success in New Traders Dec 01, 2014 at 08:44

Yes, that's the idea, to set buy stop or/and sell stop before the actual news release.

FXM Live and my journey to success in New Traders Nov 23, 2014 at 07:32

Not great results but not disastrous either...Monday – a setup based on the expected continuation of the move on the USD/JPY, selling after a small retracement. Unfortunately the move did not continue, it reversed instead hitting my stoploss. Originally I thought we supposed to use 15 pips as stop-loss but after I opened the trade I realized the stoploss Ben used was 30 pips which meant I had to double the risk. In hindsight I should have closed the trade straightaway, instead of letting it hitting the SL level.Tuesday- two trades, both of them news release trades. First one moved favour...

FXM Live and my journey to success in New Traders Nov 22, 2014 at 13:03

Hi guysYour comments make a lot of sense, but I really don't want to invest money unless I managed to be profitable on a demo account. Made that mistake before , being too impatient and lost money that way. Also the reason to use that specific broker becase that's what Ben uses who runs the trading room. It's a bit of an experiment to see if I can replicate his results.

FXM Live and my journey to success in New Traders Nov 17, 2014 at 09:50

A bit less eventful but slightly better results this last week...Monday – a setup based on the expected continuation of the move on the USD/JPY, selling after a small retracement. Unfortunately the move did not continue, it reversed instead hitting my stoploss. Tuesday and Wednesday- no trades.Thursday a technical trade on GBP/USD offered an opportunity, seemed like price will break out to the downside but the move quickly reversed. Fortunately by then the stoploss level was reduced to about 6 pips.Friday – a setup on the GBP/USD gave me a few pips, Ben in the trading room used dif...

FXM Live and my journey to success in New Traders Nov 10, 2014 at 07:24

Very eventful week but not a good outcome.Monday – a winner on AUD/USD, good for 22 pips , not a bad start.Tuesday - no trades.Wednesday we had quite a few setups. The first one on the NZD/JPY, trying to get in after a retracement. Unfortunately it hit the stop-loss level soon after.When the US Non-farm payroll report came out the reaction was a bit surprising, possibly as the dollar moves were already extended, dollar strength was apparent for the morning. So another loss on that.Another opportunity on GBP/USD resulted in a loss as well. One more news release trade on the USD/CHF also a...

FXM Live and my journey to success in New Traders Nov 03, 2014 at 07:45

Mixed results again...Monday - no trades.Tuesday there were a couple of high impact news releases. The first one (Core Durable orders) did not trigger a trade. The second release did trigger my setup, even though I followed everything properly I was the only one whose order got triggered. I was really annoyed as it turned out to be a loss but occasionally this does happen due to broker price differences. Wednesday was about the anticipation of the FOMC statement so no setups all day. Unfortunately the statement was to come out at 6pm GMT which I could not monitor so no trade for me. Thursday ...

FXM Live and my journey to success in New Traders Oct 26, 2014 at 15:06

Somewhat better results finally...Monday surprisingly presented a technical setup on GBP/USD which resulted in 15 pips profit although some members who used a different trade management extracted around 50 pips. Oh well, still profit...Tuesday morning Ben was already in a trade by the time I logged in to the trading room. Since price was still hovering around the entry level I also jumped in and set my stoploss 15 pips away from my entry. Unfortunately that wasn't exactly the same level as Ben's so later I got stopped out but anyone following more accurately would have profited 20 pips...

FXM Live and my journey to success in New Traders Oct 26, 2014 at 15:05

I don't wanna give up too quick:) Thanks again for the encouragement.

FXM Live and my journey to success in New Traders Oct 19, 2014 at 10:38

This week the trading room was now back in operating as usual (Ben is back from holiday). Let's see how it went for me.The first trade of the week was on Tuesday, a news release trade which triggered and hit the profit target, good start of the week...Wednesday I missed out on the morning opportunities as I was away from my computer but it turned out I did not miss out on much as the setups that triggered weren't resulting in much profit. In the afternoon there was a bunch of news releases at the same time (Retail Sales and PPI) and I followed Ben's advice setting up buy-stops on ...

FXM Live and my journey to success in New Traders Sep 29, 2014 at 06:30

This week was slightly different as the trading room was not operating (Ben is on holiday)That meant that all the trades I placed was the ones I identified myself. Didn't go to well... I opened only one trade that was based on technicals and a few which were news related. The technical trade was a loss. The news related trades (6 in total): one was a winner, two closed at breakeven and the rest were losers. So I decided that I won't open any more trades until Ben is back and the trading room is fully operational again.Results: not going great, about 7.5% down from my opening balance.

FXM Live and my journey to success in New Traders Sep 22, 2014 at 06:57

Not a good week...Monday- surprisingly two technical setups materialized (Monday is always slow), Ben published both in the trading room. Unfortunately the first one was a 10 pip loss (AUD/USD). Second one triggered quite late, around 4pm, the order should have been cancelled by then as it's not advised to enter any trades after 3pm. I closed it shortly after at break-even as it seemed to hit resistance which turned out to be a good call. Tuesday- two important news releases in the morning. The first one triggered my buy-stop and spiked up but failed to hit my take-profit level so I quick...

FXM Live and my journey to success in New Traders Sep 15, 2014 at 06:34

Another rollercoaster ride this week...Monday and Tuesday- nothing triggered.Wednesday – finally some results! Two technical setups published in the trading room, both triggered. The first one (GBP/USD) quickly hit the profit target. The second trade that triggered (sell EUR/USD) was a little slower and when price reached the figure (1.2900) I hesitated for a while to close it or not as the initial profit target was below that. But I did close it at that level and it seemed it was a good call afterall...Thursday- technical setup triggered in the morning but later went against me and hit ...

FXM Live and my journey to success in New Traders Sep 10, 2014 at 21:04

Thanks jotek:) I shall continue then... At least today was good so stay tuned:)And what about you, trader or just interested in FX in general?

FXM Live and my journey to success in New Traders Sep 07, 2014 at 09:48

Well...a bit of a disaster...I was expecting a bit more action this week but I was hoping to catch winning moves as opposed to accumulate losses.Monday – no action for me.Tuesday –since the average daily range was still very low on most pairs Ben only traded the news. There was one news release in the morning, for that I used the EA to enter. Unfortunately there was quite a bit of slippage when the trade was opened so when the trade went against me and hit the stop-loss level that meant 20 pips loss as opposed to 10. Quite a blow... Need to finetune the settings somehow. Another r...

FXM Live and my journey to success in New Traders Sep 01, 2014 at 06:32

This week was still about trying to find trade opportunities based on fundamentals and news releases. What's new is that the News Trader app for MT4 is now released and since it was heavily discounted for FXM Live members I bought it quickly. It's an EA but unlike most EA's t won't trade on it's own unless all the parameters are entered. That just means that within 24 hours of major news releases you just need to enter certain values (such as when to place trades and when to close it). Should make life a lot easier:)This Monday was a US bank holiday so no trades.Tuesday &nd...

FXM Live and my journey to success in New Traders Aug 28, 2014 at 14:05

Thanks for the encouragement as I was expecting more in terms of results. But yeah I guess difficult times... Also it's good to know that someone actually reads my posts:) I should keep going then...

FXM Live and my journey to success in New Traders Aug 25, 2014 at 06:18

August is almost over which I can't wait as the expectation is that we will have more trading opportunities in September as opposed to just trading the news releases.This Monday surprisingly we did have a setup though it did not trigger so no trades.Tuesday – the morning started up with a losing trade which was published in the trading room by Ben. He said he'll set up another order to get back into the same trade but I did not feel like doing the same. Also Ben pointed out the news trading opportunities for the afternoon. The idea is that just before the news release we set up a...

FXM Live and my journey to success in New Traders Aug 16, 2014 at 18:33

Another one of those slow weeks. The focus in the trading room is still on the fundamentals which means that every day Ben tries to find a news release that might trigger a reaction and will set a buy or sell stop. Alternatively if there was a market moving news overnight then we will try to trade the retracement of the move.As usual nothing on Monday.Tuesday – one small loss (10 pips)Wednesday – made up for the loss from previous day winning exactly the same amount :)Thursday was a bit of disappointment.After one small loss in the morning I was looking for the afternoon news relea...

EURUSD	1.07599	GBPUSD	1.25452	AUDUSD	0.66091
USDJPY	153.053	USDCAD	1.3685	USDCHF	0.90475

Posts by lseres