Feb 9 - feb 13
205pips.
Sunday, February 15, 2009
Sunday, February 8, 2009
Friday, February 6, 2009
7 Steps To Capture News Trade
Hi All.
My 7 Steps Strategy to Capture The News Trade
1. Place Trades 1min to news release
2. Place Two Pending orders...Buy Stop and Sell Stop
3. 20pips away from the current market price
4. Add 20pips or 10pips SL
5. Add a trailing of 15pips to the Pending orders (This key in your profit....No TP if you wish)
6. On one entry of the trade, close the other pending order
7. If the market did not trigger 2min After the news hour, close both pending orders
I have an EA that places the trades at your set time and automatically closes the other on entry.If you care...just ask for it....
Trade Tight.
My 7 Steps Strategy to Capture The News Trade
1. Place Trades 1min to news release
2. Place Two Pending orders...Buy Stop and Sell Stop
3. 20pips away from the current market price
4. Add 20pips or 10pips SL
5. Add a trailing of 15pips to the Pending orders (This key in your profit....No TP if you wish)
6. On one entry of the trade, close the other pending order
7. If the market did not trigger 2min After the news hour, close both pending orders
I have an EA that places the trades at your set time and automatically closes the other on entry.If you care...just ask for it....
Trade Tight.
Sunday, January 25, 2009
Love To Swing?
Imagine going into a trade you have technicaly and fundamentaly observed. You concluded that its going BULL. You placed a trade and suddenly its came DOWN, hit your SL and then starts going UP.
What could be wrong?
Absolutely nothing.
What do you need?
A little calculations. Remember, 2% of your account on each trade. Work on your SL positioning.
Need Leverage?
No. You wanna swing if its going your way, so no need to be greedy. Greedy traders gets eaten up.
Most you trade everyday?
No. You could be in a trade for days. Just trailing and trailing. If you do not see a good entry point, DO NOT TRADE. "A no position is also a position".
SL and TP
After good analysis, enter a position (2%), minimize your LOT SIZE to enable you widen your SL(2%). After making the risk (2%), lock ur profit (Trail) and start swinging.
Exit
During a nice swing, you could sense reversal, lock ur trade to a good position or close the trade.
Profit
If a trade go your way, you could cover a week loss. So make more and make more.
What could be wrong?
Absolutely nothing.
What do you need?
A little calculations. Remember, 2% of your account on each trade. Work on your SL positioning.
Need Leverage?
No. You wanna swing if its going your way, so no need to be greedy. Greedy traders gets eaten up.
Most you trade everyday?
No. You could be in a trade for days. Just trailing and trailing. If you do not see a good entry point, DO NOT TRADE. "A no position is also a position".
SL and TP
After good analysis, enter a position (2%), minimize your LOT SIZE to enable you widen your SL(2%). After making the risk (2%), lock ur profit (Trail) and start swinging.
Exit
During a nice swing, you could sense reversal, lock ur trade to a good position or close the trade.
Profit
If a trade go your way, you could cover a week loss. So make more and make more.
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