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Fifth Trade of The Week

Fifth trade of the week (Jan 12th, 2014 – Jan 17th, 2014)

Cycle 5 setup on demo account.

gbpjpy demo trade

 

Price entry: 170.595 (Jan 17th, 2014 09.25am dealing desk time)

S/L: 170.255

Target: 1 Range at 170.935

 

 

Placed order on real account

gbpjpy real trade

 

Price entry: 170.546 (Jan 17th, 2014 09.26am dealing desk time)

S/L: 170.206

Target: 1ATR at 170.709 and 1 range 170.886

 

 

Result:

gbpjpy trade result

Closed part at 1 ATR (Jan 17th, 2014, 09.30am) & 1 range (09.30am dealing desk time): 10 pips & 32 pips

 

 

 

 

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Fifth Trade of The Week

Fifth trade of the week (Jan 5th, 2014 – Jan 10th, 2014)

Cycle 5 setup on demo account.

Trade demo1

Price entry: 1.36057 (Jan 8th, 2014 00.16am dealing desk time)

S/L: 1.36377

Target: 1 Range at 1.35737

 

 

Placed order on real account

EURUSD trade real

Price entry: 1.36069 (Jan 8th, 2014 00.18am dealing desk time)

S/L: 1.36377

Target: 1ATR at 1.35985 and 1 range 1.35749

 

 

Result:

EURUSD trade result

Closed part at 1 ATR (Jan 8th, 2014, 09:35am) & 1 range (13:15pm dealing desk time): 8 pips & 32 pips

 

 

 

 

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Third Trade of The Week

Third Trade of The Week (Jan 5th, 2014 – Jan 10th, 2014)

Cycle 5 setup on demo account.

USDCHF Demo1 Price entry: 0.90650 (Jan 7th, 2014 06.21am dealing desk time)

S/L: 0.90330

Target: 1 Range at 0.90970

 

 

Placed trade on real account

USDCHF Real1

Price entry: 0.90632 (Jan 7th, 2014 06.22am dealing desk time)

S/L: 0.90330

Target: 1ATR at 0.90717and 1 range 0.90952

 

 

Result:

USDCHF 1 Range1

Closed part at 1 ATR (Jan 7th, 2014, 09:27am) & 1 range (15:08pm dealing desk time): 9 pips & 32 pips

 

 

 

 

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Trade Setup of The Week (Dec 8th, 2013 – Dec 13th, 2013)

Last trade of the week (Dec 8th, 2013 – Dec 13th, 2013)

 

Cycle 5 setup on demo account.

USDCHF demo1

Price entry: 0.88795 (Dec 12th, 2013 08:47am dealing desk time)

S/L: 0.88475

Target: 1 Range at 0.89115

 

Placed trade on real account

USDCHF real1

Price entry: 0.88793 (Dec 12th, 2013 08:48am dealing desk time)

S/L: 0.88475

Target: 1ATR at 0.88870 and 1 range 0.89113

 

 

Result:

USDCHF ATR1

Closed part at 1 ATR (Dec 12th, 2013, 15:05pm): 10 pips

 

USDCHF 1 range1

 

Closed part at 1 range (Dec 13th, 2013 10:18am): 32 pips

 

 

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Trade Setup of the week (Dec 8th, 2013 – Dec 13th, 2013)

Cycle 5 setup on demo account.

GBPJPY demo1 Price entry: 168.775 (Dec 11th, 2013 03:47am dealing desk time)

S/L: 169.115

Target: 1 Range at 168.435

 

 

Placed trade on real account

GBPJPY real1 Price entry: 168.786 (Dec 11th, 2013 04:02am dealing desk time)

S/L: 169.115

Target: 1ATR at 168.675 and 1 range 168.446

 

 

Result:

GBPJPY result1

Closed part at 1 ATR (Dec 11th, 2013, 07:07am) & 1 range (07:42am dealing desk time): 10 pips & 34 pips

 

 

 

 

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Trade Setup of The Week (Dec 1st, 2013 – Dec 6th, 2013)

Cycle 5 setup on demo account.

AUDJPY demo1 Price entry: 93.504 (Dec 3rd, 2013 13:47pm dealing desk time)

S/L: 93.844

Target: 1 Range at 93.164

 

Placed trade on real account

AUDJPY real1 Price entry: 93.512 (Dec 3rd, 2013 13:51pm dealing desk time)

S/L: 93.844

Target: 1ATR at 93.408 and 1 range 93.172

 

Result:

AUDJPY ATR1 Close part at 1 ATR (Dec 3rd 2013, 16:25pm): 10 pips

 

AUDJPY range1

 

Close part at 1 range (Dec 3rd, 2013, 19:07pm): 34 pips

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First Trade Setup of The Week (Dec 1st, 2013 – Dec 6th, 2013)

First trade of the week (Dec 1st, 2013 – Dec 6th, 2013)

Cycle 5 setup on demo account.

EURJPY demo2

Price entry: 139.471 (Dec 2nd, 2013 14:24pm dealing desk time)

S/L: 139.131

Target: 1 Range at 139.811

 

Placed trade on real account

EURJPY real2

Price entry: 139.447 (Dec 2nd, 2013 14:26pm dealing desk time)

S/L: 139.131

Target: 1ATR at 139.571 and 1 range 139.787

 

Result:

EURJPY ATR2

Close part at 1 ATR (Dec 12, 2013, 15:59pm): 12 pips

 

EURJPY Range2

Close part at 1 range (Dec 3rd, 2013, 04:25am): 34 pips

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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.
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