Today 14 + 21=35 pips.
Showing posts with label trading strategy. Show all posts
Showing posts with label trading strategy. Show all posts
Trading with 5m Force strategy, Day 31
I was also busy today. So I could only stayed in front of the chart for 1 hour. To be specific, less than 1 hour. So I'm giving the only screenshot of my trade.
Got into the trade a little early. Otherwise profit could be more. Anyway, gain is not bad considering the time I could give for it. Closed another position from previous day.
Today 14 + 21=35 pips.
Today 14 + 21=35 pips.
Trading with moving average (week 1 & 2)
Recently I've found a relatively simple trading strategy by moving averages. I wish to trade following this strategy for next few weeks. I've added my trading account with myfxbook account and put a widget, so that everyone can see the results. I won't be posting regularly about that, rather you'll just check the results....
Name of the strategy: Dancing with EMA (given by owner)
Strategy collected from: FF
Currency pair: EUR/USD, GBP/USD, EUR/JPY
Time frame: 4H
Indicator: 50 EMA & 5 SMA
Trading Environment: Trending market
Entry point:
Long: when 5 SMA crosses from below to above of 50 EMA and closing candle goes at least 100 pips....then enter long position after closing of current candle 100 pips away from 50 EMA.....
Short: Vice versa...
S/L: 100 pips
Progress: We'll enter again when the 5 SMA touches the 50 EMA with a stop loss 100 pips and the difference between two order should be at least 80 pips and the S/L of first order should be brought to the level of second order.... continue this until stop loss hit....
Now, let's go for an example....
See the 5 SMA line crosses above the 50 EMA line to go beyond 100 pips.....After crossing the target pips... a long position taken.... Now check where is the position of crossing 100 pips..
Order was placed on the next candle.... it was a late call though, as usual.... Now wait to see what happens next.... See now... after weekend.... gain of > 50 pips
Good pip collection.... but according to the strategy we have to wait.... so wait... I've using the strategy in all the recommended pairs... Now see, how other two pairs are doing now....
I'll post the progress later.... Now, 130+ pips in all three pairs (on 23.01.2012)....
On 24.01.2012 --
GBP/USD pair: 44+ pips
EUR/USD pair: 60+ pips
EUR/JPY pair: 65+ pips
Total 170+ pips (on 24.01.2012).....
On 25-01-12:
On 26-01-12:
On 28-01-12:
Name of the strategy: Dancing with EMA (given by owner)
Strategy collected from: FF
Currency pair: EUR/USD, GBP/USD, EUR/JPY
Time frame: 4H
Indicator: 50 EMA & 5 SMA
Trading Environment: Trending market
Entry point:
Long: when 5 SMA crosses from below to above of 50 EMA and closing candle goes at least 100 pips....then enter long position after closing of current candle 100 pips away from 50 EMA.....
Short: Vice versa...
S/L: 100 pips
Progress: We'll enter again when the 5 SMA touches the 50 EMA with a stop loss 100 pips and the difference between two order should be at least 80 pips and the S/L of first order should be brought to the level of second order.... continue this until stop loss hit....
Now, let's go for an example....
 | |
| GBP/USD pair |
See the 5 SMA line crosses above the 50 EMA line to go beyond 100 pips.....After crossing the target pips... a long position taken.... Now check where is the position of crossing 100 pips..
 |
| GBP/USD pair |
Order was placed on the next candle.... it was a late call though, as usual.... Now wait to see what happens next.... See now... after weekend.... gain of > 50 pips
 | |
| GBP/USD pair |
EUR/USD pair:
EUR/JPY pair:
I'll post the progress later.... Now, 130+ pips in all three pairs (on 23.01.2012)....
On 24.01.2012 --
GBP/USD pair: 44+ pips
EUR/USD pair: 60+ pips
EUR/JPY pair: 65+ pips
Total 170+ pips (on 24.01.2012).....
On 25-01-12:
On 26-01-12:
GBP/USD, bollinger band strategy
Forex trading is not at all an easy job. When you here someone talking about forex trading, some success stories, forex trading seems to be very easy. Sometimes we wish, we could trade like that.... Initially I also thought like that. But it needs a vast knowledge to be succeed in forex trading. Not only knowledge but also control of our emotion, managing time, maintaining discipline etc is equally essential.
Now I'll talk about another trade by bollinger band strategy with another currency pair.
Strategy collected from: mt5 forum
Currency pair: GBP/USD
Time frame: 1h
Indicator: Bollinger band only
Today, there was a good trading opportunity. Yesterday, this pair showed no opportunity with this strategy. But today it showed a strong opportunity.
The blue box is the area when we had to enter a short trade. But I was at my job place for which I missed it. Look how far it went down.... almost 90 pips... dream trade for a newbie with such a simple trading strategy. The current shown price was the first time I looked at the chart after it provided such a good short entry signal. As I was away from trading terminal due to unavoidable reason... I thought.... with such a good trend, let test that whether we can gain some pip here at this stage...
Here I traded twice along the trend.... Lost 21 pips and gained 10 pips... net 11 pips loss. I think.... controlling emotion is essential... missing a good opportunity always tries to compel me to enter a trade at a later period when it seems that there is more pips to take.... but actually this is the oversold area (in this case).... I think most of the newbies are failed by this temptation..... Control... control... secret of a successful trading.
Now I'll talk about another trade by bollinger band strategy with another currency pair.
Strategy collected from: mt5 forum
Currency pair: GBP/USD
Time frame: 1h
Indicator: Bollinger band only
Today, there was a good trading opportunity. Yesterday, this pair showed no opportunity with this strategy. But today it showed a strong opportunity.
The blue box is the area when we had to enter a short trade. But I was at my job place for which I missed it. Look how far it went down.... almost 90 pips... dream trade for a newbie with such a simple trading strategy. The current shown price was the first time I looked at the chart after it provided such a good short entry signal. As I was away from trading terminal due to unavoidable reason... I thought.... with such a good trend, let test that whether we can gain some pip here at this stage...
Here I traded twice along the trend.... Lost 21 pips and gained 10 pips... net 11 pips loss. I think.... controlling emotion is essential... missing a good opportunity always tries to compel me to enter a trade at a later period when it seems that there is more pips to take.... but actually this is the oversold area (in this case).... I think most of the newbies are failed by this temptation..... Control... control... secret of a successful trading.
Subscribe to:
Posts (Atom)