By coincidence a few days back I was reading about this. My luck that I have come across a real incident scenario. This latency advantage is called 'sniping' and it is different from scalping. All brokers other than Fxopen (there may be other ...

Broker reverses $20K winning trades for alleged latency arbitrage

From the time I saw this thread, I couldn't stop myself from thinking about the people who come here, in this field with dreams/ambitions all to be shattered to pieces in future. Unsuccessful traders generally get scammed/cheated in search for ...

I am a loser in Forex trading, are you?

The above 5 trades mentioned yesterday and CADJPY trade taken as mentioned in post 84 and 85 have all been closed before the system could close it. (As mentioned in post 82 ) Though the overall is profit of over $30 but I will not add it to the ...

Magnetic Target Zone with Capped Martingale

I got both the above mentioned entries on my android phone. GBPJPY closed in a profit of $14.65 in 1st step of the trade. step 2 and step 3 are cancelled.

Magnetic Target Zone with Capped Martingale

I have taken 6 entries today. So far only 1 trade is closed. Other 5 trades are still open ( currently all are negative with 20-50 pips). I am looking to enter 2 more trades today where opportunity is building up. Waiting patiently like a crocodile ...

Magnetic Target Zone with Capped Martingale

Today's Sixth Trade : NZDUSD (G1) : buy 0.03 lot at 0.7819 TP 0.7860. SL post 3rd Martingale. Next Level buy 0.05 lot at 0.7759 (G2) if TP not hit on above trade (G1) and goes further down. TP at this level will be 0.7819 .(All NZDUSD trades closed) ...

Magnetic Target Zone with Capped Martingale

Another Observation has been made on this system. It is noticed that once a trade is carried forward to the next day the conditions change drastically and makes the system liable to fail.( less likely to hit the actual target). The trades are ...

Magnetic Target Zone with Capped Martingale

Today's Fifth Trade : USDJPY (F1) : sell 0.03 lot at 108.16. TP 107.75. SL post 3rd Martingale. Next Level sell 0.05 lot at 108.76 (F2) if TP not hit on above trade (F1) and goes further up. TP at this level will be 108.16 .(All USDJPY trades ...

Magnetic Target Zone with Capped Martingale

Today's Fourth Trade : (another opportunity in GBPNZD) GBPNZD (E1) : sell 0.03 lot at 2.0460. TP 2.0380. SL post 3rd Martingale. Next Level sell 0.05 lot at 2.0560 (E2) if TP not hit on above trade (E1) and goes further up. TP at this level will be ...

Magnetic Target Zone with Capped Martingale

there are hordes of people in this category but very few have the courage to admit it. This guy is honest and admits his failure in this market. My opinion : If he continues trying with dedication and determination he will succeed. All the best to ...

I am a loser in Forex trading, are you?

The above mentioned trade closed with a profit of $19.46 (after deductions) in the first step. step 2 and step 3 trades cancelled. Mentioned in post 77 about this trade missing being closed by 1 pip a few hours back. Now successfully closed. today's ...

Magnetic Target Zone with Capped Martingale

Today's Third Trade : EURNZD (D1) : sell 0.03 lot at 1.6135. TP 1.6090. SL post 3rd Martingale. Next Level sell 0.05 lot at 1.6210 (D2) if TP not hit on above trade (D1) and goes further up. TP at this level will be 1.6135 (All EURNZD trades closed) ...

Magnetic Target Zone with Capped Martingale

I see post UK retail sales news release all brokers prices for GBPNZD reached my target and also 10 pips below but unfortunately on my broker it has not reached.It missed by 1 pip Spooky broker that I am trading with. ( I have 4 terminals running on ...

Magnetic Target Zone with Capped Martingale

I can understand your condition after 7 years of experience. Its pretty bad but this is one honest statement you have made.This will definitely help you in achieving success in future. I don't want to offend you and you may dismiss this as rubbish. ...

I am a loser in Forex trading, are you?

The above trade was closed manually before TP or SL. This trade was open for more than 2 days and resulted in negative swap. Also conditions changed drastically against the system in this pair. Profit post deductions = $15.67 Loss after adding ...

Magnetic Target Zone with Capped Martingale

Today's second Trade : AUDNZD (C1) : sell 0.03 lot at 1.1175. TP 1.1125. SL post 3rd Martingale. Next Level sell 0.05 lot at 1.1250 (C2) if TP not hit on above trade (C1) and goes further up. TP at this level will be 1.1175 (All AUDNZD trades ...

Magnetic Target Zone with Capped Martingale

myfxbook is what I use to analyze my account trades and performance. The only problem I have an issue with is their highest DD%.

Tools to analyse trades

Today's First Trade : GBPNZD (A1) : sell 0.03 lot at 2.0453. TP 2.0370. SL post 3rd Martingale. Next Level sell 0.05 lot at 2.0550 (A2) if TP not hit on above trade (A1) and goes further up. TP at this level will be 2.0453.b(All GBPNZD trades ...

Magnetic Target Zone with Capped Martingale