ProFx 7 - Day Trade (by Forex21) Quick Stats
Gain: +174.68%
Drawdown: 31.53%
Pips: 1720.7
Trades: 1690
Won:
Lost:
Type: Demo
Leverage: 1:500
Trading: Unknown

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ProFx 7 - Day Trade Discussion
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Forex21

Member Since Jan 16, 2014  384 posts Forex21 Aug 03 at 15:14
BillJackson posted:
This user @Forex21 thinks that everyone is fools here, and he is the smartest


No, but I am smart enough to know that there is a difference between account name and myfxbook user name.

BillJackson posted:
FAKE !!! Proven above. such a user with such monitoring does not exist


I must be a very mighty wizard to post my trades in real time, have the results verified by MyFxBook and ForxFactory and fake it all.
Maybe the explanation you are looking for is a lot easier.

What about this one:
THERE IS A DIFFERENCE BETWEEN USER NAME AND ACCOUNT NAME?!

BillJackson posted:
He showed that the author of the topic is showing a fake screen shot and such a user does not exist


No, he made up a story and proved that the story he made up before is wrong. I believe you understand the difference?







Freddy123

Member Since Apr 06, 2017  10 posts Freddy123 Aug 03 at 15:15
https://www.myfxbook.com/members/Forex21/andrew-ic-markets/5316008

this is the link from my bookmarks, I was watching this account back in spring
Andrew withdrew all from there and moved to tickmill, he mentioned it in FB group
what is your problem here folks?

Guilber

Member Since Feb 26, 2014  9 posts Guilber Girard (Guilber) Aug 03 at 15:42 (edited Aug 03 at 15:50 )
Every single trade from this account (https://www.myfxbook.com/members/Forex21/andrews-suggestions/4660563) was called in real time and I learned a lot by following and sometimes copy trades from them.

Alex posted lots of detailed trade plans for this account (https://www.myfxbook.com/members/Forex21/profx-7-day-trade/6523920) including trade recaps and screenshots. A similar account is published and verified on ForexFactory.

The account from the screenshot was published here on myfxbook, open and fully verified.

The point is, most traders cannot put together 10 normal trades and there are very few who can put together 1000 normal trades. But that does not mean nobody can. Instead of making up BS and then insist that the BS is true is insane. Why not follow his trades in real time and learn something?

Forex21

Member Since Jan 16, 2014  384 posts Forex21 Aug 04 at 08:27
Here is how you will look at charts when you use ProFx 7.

1) What is the primary trend?
To answer this question we look at the H4 chart. If we have a clear trend trades will be only taken in the direction of the primary trend.
Simple because when there is an uptrend the sum of rallies will be larger then the sum of declines. Trading against clear trend is not a smart thing to do.

Todays H4 chart showed us that the price is not ready to rollover and we may see more upside.







2) What is the intermediary trend? Where are support and resistance levels?
This information is collected on the M30 chart. ProFx will basically show you everything you need to know. Today's chart showed us that the price tried to go above 1.3085x three times. The attempt to push the price down failed and the price went back up quickly. ProFx showed a fully confirmed signal.







3) Timing the trade on the M1 or M5 chart.
Only minutes before London opened momentum picked up and we went long half size (half size because when such moves fail the price drops quickly because everybody who went long wants to get out as quickly as possible). The price went up, SL from the first trade was moved to break even (one click on the panel) and a second trade was opened (one click). Price went up more and the SL was moved to break even.

When the momentum slowed down the trade was closed bit by bit. The idea was to keep a small part of the position but at some point I lost patience and closed the rest of the position.






This is an example of the short term logic. It can be also used for swing trading (usually one trade/day). There is no magic behind and everybody can do it with same practice and training. I post my trade ideas usually before the market opens and everybody knows my plan beforehand. Trade calls are provided in real time (users only) and stats are verified by third party services.







Happy Trading!
Alexander
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Freddy123

Member Since Apr 06, 2017  10 posts Freddy123 Aug 04 at 12:43
Did you also sell, Alex?
I see this long trade from you today
What about this short move from now?

Forex21

Member Since Jan 16, 2014  384 posts Forex21 Aug 04 at 16:55
Freddy123 posted:
Did you also sell, Alex?
I see this long trade from you today
What about this short move from now?


Yes, I took the same trade.

Forex21

Member Since Jan 16, 2014  384 posts Forex21 Aug 05 at 07:07
Morning work....

1) EURUSD Long....Closed half and then the rest with a a tiny loss.
2) EURUSD Long....Moved Stop to break even when the price started to move up. Took partial profits along the way and finished with a decent amount of pips.





I hope everybody is having a productive morning.
Thank's for playing.


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Wolfgang

Member Since Sep 24, 2013  34 posts Wolfgang Aug 06 at 15:20
When the price is jumping around like today. How does the system deal with it?

Forex21

Member Since Jan 16, 2014  384 posts Forex21 Aug 07 at 09:15
Wolfgang posted:
When the price is jumping around like today. How does the system deal with it?


It depends how you use the system.

Position Trading
When you use it for position trading you will trade on the D1 and H4 chart. That means choppy conditions on lower time frames will not have any effect on your results.

Swing Trading (Trade suggestions as example)
Sometimes you will get stopped out but the damage will be limited. (Positive risk/reward ratio)
Our traditional 'one trade per day' rule prevents larger damage.

Short term trading
On lower time frame charts (M1 and M5) the number of trades is high and it is important to read the clues the market gives us correct. Otherwise paper cut losses will add up quickly. Best practice is to simple not trade when you are not sure what is going on.

Forex21

Member Since Jan 16, 2014  384 posts Forex21 Aug 07 at 10:45
Those who look to the trade history will find lots of trades what got stopped out at +2 Points. Note that the trades are not started with a TP of 2 points. Those are trades where the SL is moved to +2 points to make sure the position cannot run into minus.

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EURUSD 1.17301 GBPUSD 1.28396
USDJPY 105.602 USDCAD 1.34061

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