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What is the first thing after registering in myfxbook?

ArdiFX (ahuruglica)
Jan 14 2014 at 10:03
852 posts
First target on EURUSD didn't fill for less than a pip on my account so i exited manually for +78.9 pips. Still long with 1/2 of position.

I will add lower at 1.3625, SL 1.3545, TP 1.3750.

USDCHF made the conformation that wave B is complete so I moved SL to break even.


minagre
Jan 15 2014 at 22:02
26 posts
Hello, back here again to thank you for your fantastic work to teach, thank you a lot, at the time I am increasing my wallet due losses because once I did not fixed the STOP loss, I am learning time to time, and studying in tecknik on Long Term based on Day 1 candles, by the way I am doing good on news of 3 bulls importance, I have printed the economic calendar so I have a kind of guide.

Greetings and have a nice time

ArdiFX (ahuruglica)
Jan 16 2014 at 09:01
852 posts
jazeredo posted:

Not everyone knows how to use martingale to FOREX....
1st need to use a pair with not a high volatile
2nd Always much attention to economic calendar and try to stay out in important news for the pair
3rd Has to have big balance and use mini lots to start like 0,02 and 10 pips of TP only.

Well...and much practice working with Mt4....i use this system and i'm with 49% profit against 8% of drawdown.


I gess sometimes 10 pips is too far away. Martingales are all the same, just like a tiger puppy, you will never know when it's going to bite you.

MegamindCapitals
Jan 16 2014 at 11:07
2 posts
First thing i seem to be doing now, hello to everyone

ArdiFX (ahuruglica)
Jan 16 2014 at 14:32
852 posts
New trade setup:

Buy NZDUSD four equal lots: entry 1 two lots at 0.8274 and entry 2 also two equal lots at 0.8237.

SL for all positions at 0.8195, TP1 at 0.8350 and TP2 at 0.8450.

Trade is valid unless the pair makes a new high. Remember, don't risk more than 1% on total.

ArdiFX (ahuruglica)
Jan 17 2014 at 17:31
852 posts
Out of the rest of EURUSD and USDCHF.

NZDUSD first entry filled, waiting for second entry.

Good luck

ArdiFX (ahuruglica)
Jan 20 2014 at 15:08
852 posts
NZDUSD both entries filled, price reacted as expected. Lets see how it plays out.

Attachments:


minagre
Jan 20 2014 at 19:01
26 posts
Hello, Ardit,

in reply of your kindest post, I must admit that as you know I am learning on Long Term technik, means based on teen, inversions and mobile medium at 21 days, I get in when I see a PIN or an inside shape.
In my life I am an accountant with normal job and try to increase a little bit my knowledge about forex.
Following also your precious advices.

Talk to you soon.


ArdiFX (ahuruglica)
Jan 20 2014 at 22:13
852 posts
Hello Mirange

I could't much understand your strategy, but it's not that matter. What matters is that if it works you should follow it, when it starts not to work, stop trading, until you change your strategy. Always remember risk management is the key, always precalculate what you are willing to lose.

Although my technique is based on EW Theory, I read a lot about the markets and try to make sense of it. Also follow central banks policies to make sense about long term flows. I follow about 30 currency pairs and indicies but trade only those that have better chance for success. It is important not to overtrade.

Good luck

ArdiFX (ahuruglica)
Jan 21 2014 at 23:28
852 posts
NZDUSD behaving like a 'good pet', just as predicted. I am expecting first target to get hit on Wednesday then I will trail the stop on (b) wave support.

As you may note I'm quiet bearish on USD. That is based on my fundamental view, but that is not the end of the story. On technical side I was bearish vs. EUR and CHF, they did not behave like I wanted so I switched to NZD and that was a good idea.
The lesson is that a trader should trade when technical and fundamental analysis are aligned.

Also I would like to add, I am bearish USD on every pair excep JPY, CAD and AUD.

Attachments:


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