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What is the first thing after registering in myfxbook?

ArdiFX (ahuruglica)
Jan 22 2014 at 10:24
852 posts
NZDUSD Update.

I will be out today so I trailed stop on 1/2 of position at 0.82950 locked +40 pips and the rest 1/2 at 82550 (b/e). So it is a no stress possition.

Other plans on the market: short AUDUSD and long USDJPY.

Cheers

Marnix
Marnix
Jan 22 2014 at 10:50
12 posts
Hi, Ardit

I don't write very much in the forum because my English is not very good
but i read all your posts and therefore i wish to thank you very much....

Thanks, Marnix

ArdiFX (ahuruglica)
Jan 22 2014 at 13:57
852 posts
You are welcome my friend.

ArdiFX (ahuruglica)
Jan 22 2014 at 14:47
852 posts
Fist target didn't get hit for 4 pips so I closed manually for +74.6 pips (average 55.5+93.7). For now still long with 1/2 of possition. Stop loss at b/e 0.8255.

Even much better opportunity will be to buy when wave 2 ends.

ArdiFX (ahuruglica)
Jan 22 2014 at 17:00
852 posts
This is a strategy on 4H Gold that I posted on 7 December and current chart. Just wanted to note how powerful EW Theory is (and why I thought for some time it might be black magic). Notice how accurate was predicted wave structure, support at 1,178 which was tested and retracement above 1,250.

I'm thinking about posting a trade setup later to short Gold, let's see. For now I will go out and have some fun. Cheers.









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minagre
Jan 22 2014 at 21:55
26 posts
Hello Ardit,

you are very professional and very kind to explain your best strategies and because of your kindest mode you are always the best welcome.
I explain my studies, the course I am interest in and the books I am reading are based on 2 strategies.

1) it is called Long Term, following the trend, based on Daily candles, I buy or sell on a retracement based on mobil medium Ema at 21 days and Ema at 100 days.

2) trading on news at 1 minute candles.

I'll read again all you posts on saturday and trying to learn more your strategy.

Take care and good luck.

Marnix
Marnix
Jan 22 2014 at 22:03
12 posts
ArdiFX (ahuruglica)
Jan 23 2014 at 02:21
852 posts
Hello

1. Can you explain more detailed your strategy. If possible add a chart. I'm more interested what is your entry, how it is signaled, SL and TP. If you can do so, then I will write about my opinion.

2. I would advice to avoid news. Expectation is always priced, so when you trade the news it is too late. Also on news brokers widen the spread so you will make only the broker rich. Also will not advice to trade on 1m chart. 1 min is just noise, nothing there to know the behavior of the market. I trade on 1H chart and would not advice to trade in less than 15min chart. The higher the cart, the more history it contain, the more are the chances for success.

Thanks @minagre and @Marnix

ArdiFX (ahuruglica)
Jan 23 2014 at 02:30
852 posts
Gold trade idea.

Sell Gold two lots at 1,250, SL 1,265, TP1 1,235, TP2 1,150.

If it doesn't fill the next few hours I will revise entry, but for now I really like to get short. The chart posted above explains my trade ides. Latter I will post 1h chart.

Good luck and safe trading.

Marnix
Marnix
Jan 23 2014 at 11:36
12 posts
Ardit,

I have to say the strategy you use is a good one, the only problem for me is to understand the EW theory
since there are no books or courses in dutch i have to read a book more than twice to get familiar whit the theory.

The biggest problem i have is to find the first wave (as you see i am new in forex) so i have to learn a lot.

Do you have any advice for me to learn and understand the theory in a good and simple way, please understand i
not give up on forex and want to learn, i don't paper-trade because the feeling is no good for me so i trade a microaccount
whit only a few bucks so if i lose it is only a few dollar :)

For the moment i trade whit the Ichimoku but .....

Thank you very much in advance.

Marnix

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