I trade price based on live movements and breakout point with Fibonacci, some entries are done on a ground that certain support or resistance level are found, for example i can keep entering a scalp sell and a range sell from 1.0338 as there was a ...

Aussie Trading Room and Cartoons Gallery

Hi guys, as mentioned before, price target achieved on resistance turns support on 1.0295 area.

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Learn the basic about resistance turns support, support turns resistance. Most trader build positions on price action wick/pin on supply demand, support resistance. if they are wrong, they often get out when price retraced back to near or almost ...

How to exit losing trades

i don't believe in demo trading, i am not a robot too, minimum any testing should be done on 0.01 lot live trades to keep emotions intact, that's from my perspectives only. i do know martingale do make money, but price entry have to be alot sharper ...

Does the martingale system really work?

like i said over the past 3 years, i do know of the pitfall of aud during that time. Aud has been in a range of 0.92-1.08-1.1, which is quite healthy compared to many other pairs. Most of the time it has been in 0.95-1.0 then 1.01-1.07.

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majority of the retail traders are meant to lose in a matter of time, i only barely knew a few authentic retail traders that are doing ok and well in terms of professional trading and their methods to trading. Don't be lured by broker's welcome ...

Taking advantage of the welcome bonus

Past history are not an indication of the future results, i have done martingale before and i know its deadly point, being in negative drawdown is really unhealthy. The biggest mistake of martingale will be not willing to be a loser early and tries ...

Does the martingale system really work?

The positive side of trading a focus pair is that is a lot easier to go the same direction of picking an entry compared to trading many pairs against the same currency ; for eg, aud/usd, eur/usd, gbp/usd against the usd or even eur/aud and gbp/aud. ...

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consistent trading is what that matters, can be in terms of percentage with good RR and Low dd. The most important aspect is keeping a low dd with a good ROI per month. A trader can execute 4000-5000 pips win per month but he may also be risking ...

After how many trades means success in the longrun?

Martingale only works on certain pairs, definitely not for EUR/USD since it can travel up down 1000-2000 pips at any crazy period within 1-3 months and may take 1 whole year to return. If EUR/USD was at 1.4 and u buy it until it drop 1.2 will ...

Does the martingale system really work?

take a look at the circle esclipe, which is the consolidation phase area i am talking about where its likely to trap alot of traders in this region of passby and those without stop loss may be treading underwater for another 100-300 pips if the ...

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This a min 15 chart, i always applied my own rules of 1,2,3 on support resistance aka offers/bids to calculate the probability. I don't sell when its the highest i pick the position only on 23.6 or 61.8 on both ways with a tighter stop loss than ...

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There are many different kinds of macd indicators out there i personally have a few, and because of the 1 minute time frame on LIVE RATE it's easier to pick a earlier entry especially when 23.6 is either controlled to target towards a retracement or ...

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I use simple approach to trading that is to keep neutral at all times, and open up to 2 possibilities at all times. Especially on aud/usd, it respect support/resistance and ABCD quite well. I usually pick a trade when it's outside of a tight box ...

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sorry but no one cares about 0.01 lot. I have done trading in many different methods before, made several hundred percents and some thousands percent not on 0.01, and some accounts suffered the damage of not having stop loss. The most common problem ...

Real Fx traders do not use stoploss

Here are my views of stop loss I) By placing stop loss, risk is identified before a trade is taken, a trader knows and understands how much he can afford to lose without getting emotional and irrational for his next subsequent trades entries. Risk ...

Real Fx traders do not use stoploss

Here are my views of stop loss I) By placing stop loss, risk is identified before a trade is taken, a trader knows and understands how much he can afford to lose without getting emotional and irrational for his next subsequent trades entries. Risk ...

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To be very honest with you, based your trade planning on macro economics understanding first. Before u even start to take any trade, do your planning first, ask yourself how much you can afford to lose, what is the maximum level you are withstand ...

EURUSD

Its abit more than that. Either u have cash rebates per trade or you have your own affiliates. Close the negative swap trade before new York close and then close the positive one after earning swap. Still the entry points matters

EURUSD