Quote:
Originally Posted by moneyadd
Hello guys,
I wanna say great job my strategy is very much like yours
But actually i don't watch the trades i just put the safe buy/sell STOP orders and targeting
10 pips .
I put my buy stop for up-trend when i get the confirmation of the 1,2,3 pattern at fibo
level 0.0 and only take 10 pips profit
the opposite for the sell but it's the same and i always lay those pips no loss
But after reading all your posts i might consider sitting in front of the screen and make
bigger profits .
My profits are big because i increase the lot size when my analysis gives higher probability
and i lay $200+ a day using it .
best of luck and again great job
but why aren't you drawing your fibo levels on the charts or you don't want it to look complicated ? :blink:
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Helloo moneyadd, thanks for reading all my posts...trying to make the time to read them myself..lol..fibonacci are great support and resistance levels that can be used in trading to ascertain price movement..but even with the knowledge of 'fibo'' levels, many traders still make losses..prefer the 60% windows which are more simpler and accurate in my personal opinion..remember KISS? Keep it simple,Smarty..so its about applying the right tools for the right markets...not all size fits all in trading..
If you check out our chart below,we used the TRIANGLE PATTERN, more specifically, the SYMMETRICAL TRIANGLE PATTERN. but why is it called a triangle? Because it looks like one..Triangles usually form part way through a strongly trending move and represents a congestive phase in the marketplace. These patterns are important because they are typically followed by sharp increases or declines in price. An established triangle pattern is a valuable signal prior to a relatively predictable price change.
Yesterday, we made more than 200 pips from our symmetrical triangle which was part of our live practical trading.
1.4770-1.4576=0.0194
1.4651-0.0194=1.4457(target point)
Symmetrical triangles,which are lines connecting peaks and troughs tend to converge at the apex which is at the centre of the pattern.When price breaks outside of the pattern, there is a high probability that the price will trend in the direction of the breakout.Once price hit our target for more than 200 pips, it now retraced upwards,. Our buy stop @ 14507 caught the bullish correction for 75 pips..
Price then retraced downward again to our previous short target of 14457, hitting it twice..
Before we knew it, price knocked 3 times and slipped downwards where our sell stop was on hand to take the move...''come to papa''..
So moneyadd, hope you now understand...actually, my clients dont really want to know the process or method in which trading takes place...all they are concerned with is whether we make money at the end of the month,recession or not..thats the primary objective..making money.
Quote:
Originally Posted by jeffsmith
Can any one here tell why do clients trading this market online face
problems. I have been trading online with AVAFX and facing problems like not receiving proper mails from them on time, downloading problem, customer support is not responding etc.
I have also heard from other persons trading this market online facing the same problems.
After threatening the customer support people they are now responding on time.
But still i have not come to know why online clients face such problems.
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sorry about that, jeff...try and look for a better and more honest broker...Even if you got the best strategy in the world, the choice of brokers is pertinent for the realization of your trading goals.
[11:53:40 30/12/08] Stalion : no need to be confused....we put a buy stop on gbpusd @
14550...1st target @ 14575..2nd target @ 14615..3rd target @ 14655
[11:53:44 30/12/08] Stalion : sl 50 pip away