Hi Guys!
see my trades of this week

date:08-27-2009
Trades:6
pips:+65,2
total:65,2
08-27-2009 print



date:08-28-2009
Trades:8
pips:+34,5
total:+99,7
08-28-2009 print



next week I continue with the trades XD

I have just posted at my forum an ebook my about strategy. access 1 Minute Trading Community - The best forum for discussion about scalp in forex - Powered by Forex TSD and check. contact me to discuss their about doubt and opinions.

how easy to get money out -- from fxcm MICRO account


do they charge more than 15 USD that they claim ??


how do you get the USD cheque from fxcm MICRO

There is no minimum amount to withdraw.
Withdrawal requests are subject to the following administrative fees:
$15.00 USD for the 1st wire issued within a calendar month
$25.00 USD for the 2nd wire issued within a calendar month
$35.00 USD for the 3rd and subsequent wires within a calendar month


withdrawals are accomplished by bank transfer.

A lot of people draw the fibonacci in the tendency previous with expectation of foreseeing the supports and resistances. I wonder: so that I will know the resistances and supports, the price can beat in her and to break or to beat and to return, that doesn't guarantee me anything and it is not useful. It is easier then to put an EMA of 62 periods and to use common fort supports movable. To draw with the 100% in I begin of the tendency and the 0% in the end for me is wandered, because to hope the price returns and does it fall if it is much easier he to walk in favor of the tendency? George Soros says (I am not sure if it is him who says) “is not because the price already went up a lot that he won't arise more”. Follow the tendency if the price this going up the purchase then is the most favorable. See as I do:







After confirming begin of a tendency I draw the fibo hoping the price goes until the projections and I buy where I consider the best point the 38%. If the trade is perfect I almost guarantee a profit 3 times larger than the loss. But remembers this method should be used just in begin of a small tendency, a small tendency where the larger tendency is favorable.

does anybody disagree? I would like to know you point of view.

Everybody knows that the market has stronger days and weaker days some days to tendencies is of discharge others of fall and other the market is lateral. if the market has different movement size because you would define an exact goal.
Example: target for the signs is of 20 pips and the stop is of 15 pips.
In a day of market weak lateral 20 pips it can be very far for a target and you could finish losing, in a day of market with strong tendency 20 pips they can be few and you would be a low profit. With this argument on target I reinforce the use of fibonacci to choose the entrance point and exit, the fibonacci work with percentage and not with a number exact. The points are in agreement with the movements of the market when you will negotiate.

date:08-31-2009
Trades:12
winning: 5 trades
losing: 7 trades
pips: 18,6
TOTAL: +118,3

08-31-2009 print

Hi,

Thanks for your system.

Only thing I would say about your last picture is that the fib is upside down and the retrace was 61.8
61.8 is of course a lot better retrace.
38.2 is only there to catch people out

Mart

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basically

I am seeing my trades of the day, I saw that the market was bad, but, I also made some trades for impulse and I wronged. tomorrow I will try to follow the strategy respecting the double bottoms and others rules...