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- EG-Invest168 replied Jan 14, 2021
Almost 10% gain on our accounts in less than 2 weeks. Again, I really believe the trick to making money using the Martingale strategy is to use smaller lot sizes.
- EG-Invest168 replied May 6, 2020
Bought BTC (.4 lots) @ 9407 .1 lot = $.01 SL = -120 pips CLOSED SL HIT To the moon? I don't know but looks like it wants to go higher possibly because of the upcoming halving.
- EG-Invest168 replied May 6, 2020
There are four possible outcome in every single trade: small loss, small win, big loss, and big win. In order to eliminate the big loss which could lead to a significant damage to our accounts, we must always use a stop loss. No exceptions. Losses ...
- EG-Invest168 replied May 6, 2020
The main objective of this strategy is to try to catch the big moves, while keeping losses at a minimum, hence the ~1% stop loss for each trade. Let's say for example we are trading the EURAUD pair. I would get in 5 times with a 35 pip stop loss ...
- EG-Invest168 replied May 6, 2020
Sold (.2 lots) GBPAUD @ 1.9256 SL = -35 pips Update: SL moved to BE +3. Free trade! Closed: SL hit at BE +3
- EG-Invest168 replied May 6, 2020
Sold (.2 lots) CHFJY @ 109.43 SL = -35 pips SL has been moved to BE +3 so free trade already. Sold (.2 lots) EURUSD @ 108.21 SL = -25 pips Update: SL moved to BE +3 Closed: SL hit at BE +3
- EG-Invest168 replied May 5, 2020
Sold (.2 lots) EURUSD @ 1.0834 SL = -25 pips Current balance: $529.22 Closed @ -25 pips
- EG-Invest168 replied May 4, 2020
Both trades have been closed. EURAUD = +103 pips GBPAUD = -55 pips I've been thinking since I only have a $500 capital, I will be tightening my SL. Major pairs = 25 pips Minor pairs = 35 pips Nothing will change on the strategy except for the ...
- EG-Invest168 replied May 3, 2020
Bought (.2 lots) GBPAUD @ 1.9525 SL = -55 pips Running Trades EURAUD SL = BE +103 (May 4th, 8:00 AM PH time) Lots of great opportunities with the AUD and NZD crosses, but be careful not to get overexposed.
- EG-Invest168 replied May 3, 2020
Really Great Piece on parallels of professional poker players and traders (money managers, fund managers, personal wealth managers et al). One of my friends and broker sent me this way back November 2012 and it's still very true to this day. ----- I ...
- EG-Invest168 replied May 1, 2020
I received a couple of messages on how it is possible to risk 1.5% of account if I trade .2 lots with -55 pips. As per FXCM, For US pairs, .1 lot = 10 cents per pip For minor pairs, .1 lot = 6 to 9 cents per pip depending on the pair e.g (For ...
- EG-Invest168 replied May 1, 2020
For exits, I rarely use b. and c. Most of the time my trade gets closed if it hits SL or trailing stops. It's no fun to close a premature trade just to see it go in your favor as soon as you closed it. I also don't set targets. I just let the price ...
- EG-Invest168 replied May 1, 2020
Bought (.2 lots) EURAUD @ 1.7042 SL = -55 pips EDIT: SL adjusted to BE +3. FREE TRADE (May 1st, 11:45 PM) Current account balance: $526.83 PS. If you notice the red vertical line, I like to separate the months (March 31 & April 1) so I can focus on ...
- EG-Invest168 replied May 1, 2020
Swing Trading: Positions are held from 2 days to 30 days Charts: 4 Hour - 3 Line Break Charts (Tradingview.com / Investing.com) Indicators: 34 EMA Wave, 5/9 EMA Cross Markets: Forex, Futures, Equities 1. BUY a. Price must be above the 34 EMA Wave b. ...
- EG-Invest168 replied Apr 20, 2020
Started loading up on crude oil @ $11.20. Pending orders at $10.30, $10, $9.50, $9, and $8. Stops are pretty wide, but it has to go back up for some retracement.
- EG-Invest168 replied Apr 20, 2020
I am a swing trader and I only trade less than 1 hour per day so no need for robots or algorithm.
- EG-Invest168 replied Apr 19, 2020
Actually the main issue is whether or not you can stick to your strategy long enough. Often times, we switch to another promising strategy that we never allow our original strategy to work.
- EG-Invest168 replied Apr 19, 2020
There will always be retracements on a trending market. What I do is if I reach 60 pips on the direction of my trade, I always move my stop loss to BE +3, which then makes it a free trade. Then as the pair keeps moving in your favor, use trailing ...
- EG-Invest168 replied Apr 18, 2020
95% of the traders lose because they try to make trading a very complicated process. Find a strategy and a comfortable time frame, stick to it for 1 year. That's the holy grail. I also have 4 rules among many others: 1. Trade what you see, not what ...
- EG-Invest168 replied Apr 18, 2020
If you're trading a larger time frame, then you can trade all the pairs. But if day trading, that is a recipe for disaster. To answer your question, yes I do trade a lot of pairs, but there are some that I also avoid because of the large volatility ...