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New-Pragati replied Oct 8, 2014GBPJPY second trade (A2) closed successfully at TP 173.80. 1st trade (A1) closed at a loss of $2.36.( Manually closed at 173.804 as SL could not be set at 173.80 once it went below 173.800) Second trade (A2) closed at a profit of $9.44. So profit = ...
Magnetic Target Zone with Capped Martingale
- New-Pragati replied Oct 8, 2014
I had to repeat each and every line. Made my mind go blank and was speechless for sometime. Good post . I really appreciate your kind thoughts to share this with us. Thanks a ton.
Motivation Zone - Share what/who motivates you
- New-Pragati replied Oct 8, 2014
The second trade GBPJPY (A2) got executed at 173.46 today a few hours after London Open.
Magnetic Target Zone with Capped Martingale
- New-Pragati replied Oct 8, 2014
This is not from any internet source and hence I cannot provide you any link for it. During my starting days in fx trading (a few years back) I had given a small account to a cybercafe owner (recommended by a friend of mine ) who boasted to know ...
2 levels trading without any indicators
- New-Pragati replied Oct 8, 2014
What I understand by your system is that you are always trying to chase and catch the price. I know a few people who did this and even though initially they did seem to make profits but in a few months all those people I knew using this system got ...
2 levels trading without any indicators
- New-Pragati replied Oct 7, 2014
Today's Trade : GBPJPY (A1) : buy 0.01 lot at 174.06. TP 174.40 . SL post 3rd Martingale. Next Level buy 0.03 lot at 173.46(A2) if TP not hit on above trade (A1) and goes further down. TP at this level will be 173.80.(All GBPJPY trades closed) Last ...
Magnetic Target Zone with Capped Martingale
- New-Pragati replied Oct 7, 2014
The Capped Martingale system will consists of 3 steps of the trade. The first trade in any particular pair will be taken with a lot of 1000 (0.01). The second trade of each traded pair will be 3000 (0.03). The third trade will be 12000 (0.12). If it ...
Magnetic Target Zone with Capped Martingale
- New-Pragati replied Oct 7, 2014
I have got multiple links for finding ADR/ATR. For the time being I will be using the below mentioned calculator link: url Till someone provides a better link I will continue with this link. I have plotted the 3 day EMA on all the currency pairs ...
Magnetic Target Zone with Capped Martingale
- New-Pragati replied Oct 6, 2014
The first requirement is ADR/ATR. I PM-ed two senior members of FF regarding this but I guess they receive so many PMs that it takes time for them to respond. I am not much net savvy but this is what I have got : Avg Day (200) EURUSD(66) , ...
Magnetic Target Zone with Capped Martingale
- New-Pragati commented Oct 6, 2014
Interest Rate increase will not happen without a lot of ping pong. If people remember Ben Bernanke and his taper tantrums last year , people know that it will be precluded with many contradictory statements from voting and non voting members of ...
Goldman Says Not So Fast as BlackRock Sees Earlier Fed Increase
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Magnetic Target Zone with Capped Martingale
Started Oct 6, 2014|Trading Journals|115 replies
Hello. I am a very small lot trader, trading with only a few hundred dollars. This few hundred ...
- New-Pragati commented Oct 6, 2014
Please help me if I am incorrect. This is the only stock exchange(NYSE) listed broker apart from banks.
FXCM implements new pricing model in the United States
- New-Pragati commented Oct 6, 2014
If i remember correctly , till about the mid of September 2014 UK happened to be making tremendous improvements as an economy. It came out of recession and all data had the 'Midas Touch'. Suddenly what happened that the sterling is falling?
Bank of England announces proposals to strengthen the financial system
- New-Pragati commented Oct 6, 2014
With ECB in place there is a very remote chance that any member nation will default. We have seen it in the past. ECB will always provide cheap money in the form of LTRO to bankrupt member nations.
Greece Will Be In Default Within 15 Months, S&P Warns
- New-Pragati commented Oct 5, 2014
All CBs saying that their currencies are over valued. So what were they doing?
Cable Says Pound Overvalued 10%-15%, Holding Back Exports
- New-Pragati replied Oct 5, 2014
The above is correct .( condition is that every 1 pip is equal to 10 cents or $0.10. While trading gold/silver/crude/etc the value of each pip is much higher than 10 cents. In currencies like audnzd/gbpnzd/gbpcad/etc the value of each pip is a ...
How many pips to turn $50 usd to $1000 using only .01 lots?
- New-Pragati replied Oct 5, 2014
For small retail traders 20% pa might sound very easy and little. However consistently achieving this for a period of say at least 10 years is a Herculean task. Somehow greed gets over us with our small investments and we dream and try to earn ...
Is a steady 20%/yr growth target enough for you?
- New-Pragati replied Oct 5, 2014
Continuous profits will motivate me a lot to go deep into trading and trade for life. Till that time I need to keep trying to be successful. Try,Try and Try till you succeed. failure is the road to success. All good and experienced traders here can ...
Motivation Zone - Share what/who motivates you
- New-Pragati commented Oct 5, 2014
My guess : Dollar bulls are patiently waiting for this month's FOMC meeting. Once the bond purchases are totally scrapped and interest rate rise is announced or probable date/quarter of rise in interest rate. Then the bulls will have their party. ...
Dollar Bulls Ahead