ProFx 7 | M5 | (By Forex21 )
| Gain : | +76.79% |
| Drawdown | 16.53% |
| Pips: | 47589.6 |
| Trades | 934 |
| Won: |
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| Lost: |
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| Type: | Demo |
| Leverage: | 1:500 |
| Trading: | Unknown |
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Exact copy of the ProFx short term trades. I will post example setups what are valuable for other traders.
Here is what we traded yesterday.....
We finished the day with +200 pips (plus change).
Here is what we traded yesterday.....
We finished the day with +200 pips (plus change).
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Here is a good example when not to trade.
Pro tip: If you use bots based on momentum you may wish to turn them off whenever you detect a no man's land zone on the chart.
Pro tip: If you use bots based on momentum you may wish to turn them off whenever you detect a no man's land zone on the chart.
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Price is still all over the place and there is not rally any edge for the moment.
Today looks a lot better. Here is how the EURUSD M30 chart looks with ProFx.
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Shake and bake fun day. I know that such conditions can be difficult to trade and hope everybody did well.
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Today was a difficult trading day. The price action can be described as 'mad cow'. On such days it is essential to have a system or strategy in place what keeps you on the right side of the market.
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7.4% on a day where the price is all over the place is impressive. 😄
GBPUSD M5 chart from today and thought process.
Price made new highs early morning but failed to go above 1.2905. I waited for confirmation for the long signal and went long when the bid stepped above 1.2905 and the momentum picked up.
I closed all trades in front of resistance because the momentum got lost from one moment to another. I guess it is fair to mention that I got a bit lucky with the exits. Price dropped only moments after I closed the positions.
Price made new highs early morning but failed to go above 1.2905. I waited for confirmation for the long signal and went long when the bid stepped above 1.2905 and the momentum picked up.
I closed all trades in front of resistance because the momentum got lost from one moment to another. I guess it is fair to mention that I got a bit lucky with the exits. Price dropped only moments after I closed the positions.
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+50% since we started to share trades on telegram.
#tradingiseasy 😄
#tradingiseasy 😄
Setup looks right but at the moment there is not enough momentum.
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Price got rejected hard above 1.178x.
I entered a starter position based on the price action and loaded up when ProFx gave the short signals. Most of the position is closed and I kept only a small part in case it will break down more.
I entered a starter position based on the price action and loaded up when ProFx gave the short signals. Most of the position is closed and I kept only a small part in case it will break down more.
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Trades are copied to this demo account and stats should automatically update over night.
Whoever was on the other side of the trades 'Thank's for playing'
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EURUSD M30 chart.
Resistance could not be broken. I look for confirmed signals on both sides.
Resistance could not be broken. I look for confirmed signals on both sides.
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And here is how it panned out.
[1] When the price hits the resistance first time, the resistance will probably hold.
[2] The second time it will hold most likely as well.
[3] The third time chances are 50:50.
[4] The fourth time the resistance will most likely break.
[5] When the price comes there at the beginning of the London or NY session, chance of break out increases.
Note that with ProFx we look for trends and momentum. For short term trades we are interest in 'the move'.
Happy Trading!
[1] When the price hits the resistance first time, the resistance will probably hold.
[2] The second time it will hold most likely as well.
[3] The third time chances are 50:50.
[4] The fourth time the resistance will most likely break.
[5] When the price comes there at the beginning of the London or NY session, chance of break out increases.
Note that with ProFx we look for trends and momentum. For short term trades we are interest in 'the move'.
Happy Trading!
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When you start to feel that the price is going up because you just bought it is time to take a little break.
Following my own advice....I will be back on Monday.
Happy Weekend!
Following my own advice....I will be back on Monday.
Happy Weekend!
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Do you trade only GBPUSD and EURUSD or also other pairs?
Freddy123 posted:
Do you trade only GBPUSD and EURUSD or also other pairs?
GBPUSD is the go to instrument for the bread and butter trades.
EURUSD is traded when there is a great setup and every now and then I trade indices. Here is how ProFx works on indices. The open position is already 7200 ticks up.
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Price often bounces like a basket ball before dropping. This pattern is very easy to recognize and is very reliable.
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Here is another example. It is a variation of the above setup but on a lower time frame. Note that low time frames are a bit more difficult to trade because there is more noise.
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Oct 13 2020 at 17:00
Hello. How to copy all trades from this M5 account? And why you keep trades history private?
I'm a ProFx 7.0 buyer but in the dedicated Telegram channel the trades (and results, above all!) posted there don't match at all those you take here on this account.
PLEASE, explain, thank you.
I'm a ProFx 7.0 buyer but in the dedicated Telegram channel the trades (and results, above all!) posted there don't match at all those you take here on this account.
PLEASE, explain, thank you.
