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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ProFx 7 | M5 | Discussion
Sep 30, 2020 at 06:23
Member Since Jan 16, 2014
416 posts
Sep 30, 2020 at 07:19
Member Since Jan 16, 2014
416 posts
Oct 01, 2020 at 05:07
Member Since Jan 16, 2014
416 posts
Oct 01, 2020 at 15:40
Member Since Jan 16, 2014
416 posts
Oct 06, 2020 at 17:18
Member Since Jan 16, 2014
416 posts
Oct 07, 2020 at 07:39
Member Since Jan 16, 2014
416 posts
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.
Oct 08, 2020 at 06:51
Member Since Jan 16, 2014
416 posts
Oct 08, 2020 at 07:17
Member Since Jan 16, 2014
416 posts
Oct 08, 2020 at 16:53
Member Since Jan 16, 2014
416 posts
Oct 09, 2020 at 06:47
Member Since Jan 16, 2014
416 posts
Oct 09, 2020 at 08:38
Member Since Jan 16, 2014
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!
[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!
Oct 09, 2020 at 14:59
Member Since Jan 16, 2014
416 posts
Oct 12, 2020 at 15:19
Member Since Jan 16, 2014
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.
Oct 13, 2020 at 07:25
Member Since Jan 16, 2014
416 posts
Oct 13, 2020 at 11:02
Member Since Jan 16, 2014
416 posts
Member Since Sep 10, 2013
54 posts
Oct 13, 2020 at 17:00
Member Since Sep 10, 2013
54 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.
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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