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ProFx 7 | M5 | (By Forex21)

Gain : +76.79%
Drawdown 16.53%
Pips: 47589.6
Trades 934
Won:
Lost:
Type: Demo
Leverage: 1:500
Trading: Unknown

ProFx 7 | M5 | Discussion

Forex21
Oct 08 2020 at 07:17
416 posts
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.





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Forex21
Oct 08 2020 at 16:53
416 posts


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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Forex21
Oct 09 2020 at 06:47
416 posts
EURUSD M30 chart.
Resistance could not be broken. I look for confirmed signals on both sides.





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Forex21
Oct 09 2020 at 08:38
416 posts
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!

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Forex21
Oct 09 2020 at 14:59
416 posts
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!


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Freddy123
Oct 10 2020 at 14:41
15 posts
Do you trade only GBPUSD and EURUSD or also other pairs?

Forex21
Oct 12 2020 at 15:19
416 posts
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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Forex21
Oct 13 2020 at 07:25
416 posts
Price often bounces like a basket ball before dropping. This pattern is very easy to recognize and is very reliable.




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Forex21
Oct 13 2020 at 11:02
416 posts
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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AutoTest71
Oct 13 2020 at 17:00
52 posts
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.

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