Posts de tradingexpert

Which pair do you use? dans Nouveaux traders Oct 07, 2013 at 12:56

Hi, You don't have to focus on a one single currency pair because you won't always have trading opportunities on it. Instead, you have to always monitor several currency pairs so you can trade the pair that represents the highest probality win according to your system. Let's say for example that : - Your system consist in trading the 4 hours chart. - Once you have a candle pattern ( Example : Bearish engulfing candle ), The RSI should be overbought ( Above 80-90 ) - Once the conditions above are united, you need for example to have the price trading below the 100 MA on the 1 hour c...

From 50% Loss To 1 Million dans Nouveaux traders Jun 30, 2013 at 18:57

Hi, You are right, i agree with the fact that if you have 1000$ you can become Millionaire in 10 years by doubling your account amount every and each year. But the fact is, that we all need reference in order to set targets and know how well we are doing. In what concerns me, my target for 2013 was 30% and my max drawdown is 7%. This is what i am willing to achieve . I would like to do so carefully and without stress as this final one is the worst enemy of traders. Reality is that trading is very very complicated and very hard, but when you eliminate or decrease the stress factor ( By having a...

From 50% Loss To 1 Million dans Nouveaux traders Jun 30, 2013 at 17:19

Hi, First of all i think that you are on your way to become a great trader as you are asking for help and advice and i congratulate you. I took a look at your account and i think that there are positive points in your trading despite the fact that your result is negative. To begin, i think that it will be important to post the positive points : - The first point is that you are using Stop loss and that's excellent ( I don't know how or what it your strategy to place your stop loss ) But i think that this is protecting your account in a certain matter. - The second point that i find gre...

Hi Guys, how long you hold position ? (in Profit or Loss) dans Nouveaux traders Jun 01, 2013 at 19:08

Hi, I think that the real question you should be asking yourself is : What time frame to trade and where to place stop loss and set targets. Without answers to these questions you will not close loosing trades and you will be closing profitable trade very early. I think that as long as a trade did not touch its stop loss or take profit levels then it should stay opened. Remember, trading big time frames require keeping a trade opened from several hours to several days . As you are a beginner, i advice you never to risk more then 1% on the overall positions you have in the market. Good luck and...

please help dans Nouveaux traders May 25, 2013 at 00:41

Trading is based on psychology. Before you begin to look for an EA ( Almost 99.99% work for a limited time but when there is a loss then you can consider there is a margin call ) and for indicators ( If bad interpretation then huge losses) , i simply advice you to begin reading the books of John Murphy ( Technical analysis of the financial markets ). After you read this book, you should be curious and push your investigations towards other fields. Regards.

What am i doing wrong? dans Nouveaux traders May 13, 2013 at 16:47

I forgot to tell you, that almost all traders end up losing money when they trade on 5 min and 1 hour charts :) And those traders are called day traders and they are qualified by (Weak traders in my system ) They are the ones who will push the price higher when there is a down trend and lower when there is an uptrend. They are the ones who will allow to strong players to buy the dips and sell the rallys. Anyways, The economical context of the market as well as the political environment make things very difficult. No one knows what are the major directives neither the major directions of the gl...

What am i doing wrong? dans Nouveaux traders May 13, 2013 at 16:41

That's very good gvtoupomai, i think that the income will always depend on your starting capital. 200 dollars for an account of 1000 $ means a lot of risk and surely not consistant profits. On the other hand, 200$ per month on a capital of 5000$ or even 10000$ will make from you an excellent trader. In all cases, know that the average returns per year in the markets is between 20 and 25% with of course an average of 20% of drawdown. If you want to put yourself objectives, then you can begin with 20% per year but with no more then 5-7% of drawdown. If you are able to have these results then...

Looking for a fx trader in practise (demo) dans Général May 11, 2013 at 21:05

Hi, Any amount can be realistic, everything depends on your money management and the type of account you have. If you have 2000 $ to trade with then your account should be a micro account which means that the value of the pip should be 0.10$. So imagine you want to trigger a pattern and your stops are at 100 pips, then if you are risking 1% of your account, your position will be 2000$ and your pip's value will be 0.20$. So if you lose , your loss will be 20$ which is 1% of your account. Now imagine you want to risk 4% of your account, then your position size will be 8000 $ which will bring...

What am i doing wrong? dans Nouveaux traders May 11, 2013 at 08:33

Hi, Don't worry , it is normal that you lose a lot of money when trading forex. I think that you need to be less emotional. Create a system and stick to it. i will give you a small one if you want to : 1 - Fundamental : Is there any major economical news events in the markets ? ( Like now there is a rate cut in europe, unemployment rate are increasing in europe, So overall data coming from europe is worse then the USA ) This will be the headline and the road to your trading operations. ( In trading language, search for opportunities to buy usd currency because it is safer then the others ...

Looking for a fx trader in practise (demo) dans Général May 11, 2013 at 08:33

This is a very interesting post. If you want, you can take a look at my performance. I am a manual trader. If you are interested, take a look at my trading account : http://www.myfxbook.com/members/tradingexpert/forex-trading-expertcom/483610 If you have any question, i will be glad to answer in private. Regards.

aud/usd !!!! what's ur problem?!?!?!?! dans Traders Expérimentés Apr 16, 2013 at 07:57

Yeah, for you too mate, as long as you are making good money in the markets :) Good luck

aud/usd !!!! what's ur problem?!?!?!?! dans Traders Expérimentés Apr 15, 2013 at 17:34

I meant, not totally broken, i would like to see 3 periods confirmation on the daily and a goodbye kiss of the broken trend in order to short. :) 😁

aud/usd !!!! what's ur problem?!?!?!?! dans Traders Expérimentés Apr 15, 2013 at 17:34

keep it simple Bisho777 :) A trend is defined as follow : bullish trend = higher high and higher lowsBearish trend = lower highs and lower lows So by sticking only to this definition and without using any indicator, you can see that the trend was bullish on the daily, Today, we are seeing a long bear candle that might be the target of the shining star but the bullish trend was broken. Always wait for confirmations before entering a position :) Good luck and safe trade.

aud/usd !!!! what's ur problem?!?!?!?! dans Traders Expérimentés Apr 14, 2013 at 06:58

don't go against the trend. the pair broke the triangle on the monthly , it is ranging on the weekly and up trending on daily. be careful because the 1.08 might be the next target of the ab-cd pattern. good luck and safe tradec

I have been on a winning streak and now nervous to take new positions dans Nouveaux traders Mar 22, 2013 at 22:49

Hi Curran, First of all thank you for asking me your question. I think that you are a beginner and you are trying to find your way in the trading industry. That's why, i will tell you from now, stop trading the 5 minutes chart because it has no sense if you don't know what you are doing. The floor traders will eat you and you will be ending losing your account. As a beginner, you need to trade not even 4 hours chart, you need to trade the daily chart. ( I know that it could be annoying and there will be less opportunities, but i assure you that it is more accurate and extremly safe :) ...

I have been on a winning streak and now nervous to take new positions dans Nouveaux traders Jan 29, 2013 at 15:24

Hi Mylin, You have made a good work and i tell you congratulations. From what i can read in your post, i think that you are a new trader. Well your fear might lead you directly to a margin call and indeed you should deal with it very seriously and carefully. These are some of the most important reasons for fear while trading : 1 - Not having a clear and pre tested strategy. What i mean here is that you need to have a written strategy.2 - In case you have a clear strategy, then you just simply don't trust it.3 - I think that you don't have a trading plan ( like a business plan ) Which w...

EURUSD	1.07688	GBPUSD	1.25703	AUDUSD	0.66243
USDJPY	153.709	USDCAD	1.3674	USDCHF	0.9052