Archive | November, 2013

First Trading Setup Nov 24,2013 – Nov 29,2013

Second trade of the week (Nov 24th, 2013 – Nov 29th, 2013)

Cycle 5 setup on demo account.

AUDJPY demo2

 

 

Price entry: 93.311 (Nov 25th, 2013 22:52pm dealing desk time)

S/L: 92.971

Target: 1 Range at 93.65100

Placed trade on real account

AUDJPY real2

 

Price entry: 93.262 (Nov 25th, 2013 22:53pm dealing desk time)

S/L: 92.971

Target: 1ATR at 93.37407 and 1 range 93.602

 

 

Result:

Close part (cycle 1) at 1 ATR (Nov 26th, 2013, 01:09am): 11 pips

AUDJPY cycle2b

 

 

 

Cycle 2:

Price entry: 92.970 (Nov 26th, 2013 09:01am dealing desk time)

S/L: 93.311

Target: breakeven at 92.865 and 1 range 92.624

Close part at 1 range (Nov 26th, 2013, 11:14am): 34 pips

AUDJPY cycle 2 result2

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First Trade Setup of The Week (Nov 11 – Nov 15, 2013)

First trade of the week (Nov 10th, 2013 – Nov 15th, 2013)

Cycle 5 setup on demo account.

GBPJPY demo1

Price entry: 158.813 (Nov 12th, 2013 01:06am)

S/L: 158.473

Target: 1 Range at 159.153

 

Placed trade on real account

GBPJPY real1

Price entry: 158.824 (Nov 12th, 2013 01.06am)

S/L: 158.473

Target: 1ATR at 158.932 and 1 range 159.153

 

 

Result:

GBPJPY result 1Range1

Close part at 1 range (Nov 12th, 2013, 07.22am): 32 pips

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Money Management

In forex trading, money management is the most important subject that needs to master before trading skill. Why? Because trader most important job is protecting the capital before grow it. Trader’s capital is the main ingredient, the fuel, the blood, that need for trade. How can a trader trade when the capital is gone already? Money management is the way to configure capital before jumping into the market.
Remember, the money management main purpose is to make sure that the trader can trade as long as possible or stay in the market as long as needed. When people search in the internet, they will find that to start trading in forex trading, the minimal capital requirement is around $25. Most of the people have $25. What people don’t realize is that forex trading is a business, not slot machine. Common people only see how easy to make profit in forex market with little money. They don’t learn deeper about leverage and money management. Then after trade once or twice, they lose the whole money. People blame that forex trading is equal to gambling. For me it’s same like blaming the knife because the cook got cut. Ignorance is that make most people lost money in forex trading. Greed is good,but be smart greed.
Apiary Fund emphasis consistency above big-huge profit. That’s because by nature big profit attached with big risk. You can’t avoid that. Apiary Fund has ‘safety net’ is 2 % total risk from capital in one day trade. Once the associates trader hit safety net 2% risk, the account will be locked and all open trading will be close, forcing to take 2% losses. Trading is a marathon, not a sprint. The Apiary Fund goal is to keep establish for a long time, not just for a short period. Money management is crucial and need to master before trading skill, to do that you can get a deeper understanding with Apiary Fund. Learn to trade properly and trade with company funds, not your own hard-money. Trading with Apiary Fund is a good start in money management, because trader uses Apiary Fund’s money, not their personal money, so one risk factor is gone.

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Second Trade Setup Nov 03 – Nov 08, 2013

Second trade of the week (Nov 3rd, 2013 – Nov 8th, 2013)

 

Cycle 5 setup on demo account.

Price entry: 157.073 (Nov 5th, 2013 01:58am)

S/L: 157.043

Target: 1 Range at 156.733

GBPJPY demo1

 

Placed trade on real account

Price entry: 157.064 (Nov 5th, 2013 02:06am)

S/L: 157.043

Target: 1ATR at 156.923 and 1 range 156.724

GBPJPY real

 

Result:

GBPJPY result1

Close part at 1 range (Nov 5th, 2013, 08.19am): 34 pips

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First Trade Setup Nov 03 – Nov 08 2013

First trade of the week (Nov 3rd, 2013 – Nov 8th, 2013)

Cycle 5 setup on demo account.

AUDUSD demo

 

 

Price entry: 0.94792 (Nov 4th, 2013 00:18am)

S/L: 0.94472

Break even: 0.95080

Target: 1 Range at 0.95112

 

Placed trade on real account

Price entry: 0.94724 (Nov 4, 2013 00:18am)

S/L: 0.94472

Target: 1ATR at 0.94802 and 1 range 0.95044

 

Result:

AUDUSD result

Close part at 1 range (Nov 4th, 2013, 11:34m): 34 pips

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