Forexsignals24

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Forexsignals24

Postby takeon » Mon May 13, 2013 4:20 pm

This will be my trading journal where I will be posting updates on my demo trading. If it proves to be profitable, I will be switching to posting free signals here, and in this way contributing to the forum.

Right now my main strategy has been selling high and buying low, but that's only for ranging pattern.
Anyway, I use trend lines, support/resistance levels, SMA 200, 1 - 4 hour charts as well as 15 minute charts for confirmation, stochastic on the 1 hour and 15 minutes TM, Heikin Ashi candles for confirmation on the 4 hour time frame and that's it.

As soon as I enter the trade I will be posting it here with stop loss and profit targets. Have in mind that if I use the word "positions", it means I enter the trade with more than just one order. So if I say I am longing EUR/USD with 2 positions from 1.2960, it means I have opened two simultaneous EUR/USD trades, which will be closed at different levels to maximize profits.

I don't want any bad language or insults here. We are all learners here and if you feel so superior and think that my method is rubbish, please explain it logically. If you can't do that, then go somewhere else and rain on someones parade there. I will accept good and quality comments and any kind of useful advice.

So here we go and let the pips start raining.

Oh, one more thing: I mainly trade EUR/USD, sometimes EUR/JPY, USD/JPY or GBP/USD. Stop loss doesn't exceed 100 pips.
My trading blog: www.forexsignals24.com
takeon
 
Posts: 8
Joined: Thu May 09, 2013 1:50 am
Location: Lithuania

Re: Forexsignals24

Postby takeon » Tue May 14, 2013 9:08 am

Buying EUR/USD 1 position from 1.2967.
SL - 1.2939.
TP - 1.3040.

Risking 28 pips and 0.01 size of the account.

When the price touches my profit target at 1.3040 I will be opening a reversal trade at 1.3042 with stop loss fixed at 1.3064. The profit target will be set at 1.2950. In case stop loss get's touched, I will not trade anymore and will wait for other opportunities.
My trading blog: www.forexsignals24.com
takeon
 
Posts: 8
Joined: Thu May 09, 2013 1:50 am
Location: Lithuania

Re: Forexsignals24

Postby takeon » Wed May 15, 2013 4:46 am

Yesterday I was buying EUR/USD, but the price didn't reach my target, so I suffered 30 pips loss.

EUR_USD_results_20130514.JPG
EUR_USD_results_20130514.JPG (8.93 KiB) Viewed 18964 times


Right now I am looking at two major pairs: USD/JPY and USD/CAD.

I am buying USD/JPY from 102.39 and 102.42 (SL - 101.23). Two simultaneous positions. One will be closed at 102.90, another I am leaving to run.

I have also bought right now 2 USD/CAD positions from 1.0193 and 10198 (SL- 1.0124). One will be closed at 1.0250 profit target, another will be left for greater profit.

USD_CAD-USD_JPY_20130515.JPG


I will be moving mys stops accordingly, so please read my updates, if you want to follow my trading lead.
My trading blog: www.forexsignals24.com
takeon
 
Posts: 8
Joined: Thu May 09, 2013 1:50 am
Location: Lithuania

Re: Forexsignals24

Postby takeon » Wed Jun 05, 2013 3:04 am

The EUR/USD in in bullish mode. I suggest buying the EUR/USD pair using pullbacks from 1.3050 with stops below 1.3038. If stops are hit, the next long entry is at 1.3030 with stops at 1.2990. This time I suggest entering the market with 2 positions, one must be closed with 50 pips profit, another with larger profit and stops drawn to break even level to preserve the capital.
My trading blog: www.forexsignals24.com
takeon
 
Posts: 8
Joined: Thu May 09, 2013 1:50 am
Location: Lithuania

Re: Forexsignals24

Postby takeon » Fri Jun 14, 2013 2:37 am

Today is Friday and it seems that EUR/USD has taken a brief time out. Sell EUR/USD from safe levels which are 1.3388 or 1.3445. If you want to buy the pair, I suggest doing so only from 1.3334 or 1.3304. Stop losses for any trade should not exceed 20 pips. If you are entering the market with several positions, close them gradually, this way your profits will be maximized.
I am also selling USD/JPY positions right now from 94.88 with stops at 94.40. Profit targets are fixed at 94.00 and 93.00.
My trading blog: www.forexsignals24.com
takeon
 
Posts: 8
Joined: Thu May 09, 2013 1:50 am
Location: Lithuania

Re: Forexsignals24

Postby takeon » Thu Jun 20, 2013 3:50 am

With yesterdays US FOMC and rate decision we have seen some vast EURO vs dollar drawdown for 140 pips in just one hour. It seems that the current eur usd uptrend is over and I suggest only buying dollar and selling everything against it, at least fro this week.
Right now good levels to sell EUR/USD ar at 1.3287 or 1.3300. If those don't hold sell from 1.3325, but that's unlikely. Profit targets are at 1.3170 - 50 for this week. Next week we will be looking lower after some kind of retracement happens.

Buy USD/CAD from 1.0295 with stops at 1.0230. Targets are at 1.0410 and higher.
My trading blog: www.forexsignals24.com
takeon
 
Posts: 8
Joined: Thu May 09, 2013 1:50 am
Location: Lithuania

Re: Forexsignals24

Postby takeon » Fri Jun 21, 2013 3:02 am

I told you that EUR/USD is going to reach 1.3180 either yesterday, on the day of my posting, or today. Well, this level was reached yesterday and the price went even lower for 20 pips. Right now 1.3160 is a good support level, but I expect the EUR/USD price to reach at least 1.3160 or maybe even 1.3190 where I am keeping my pending short positions. With such volatile movements, Fibonacci retracement levels play important roles and they usually present excellent opportunities to make some pips with low risk.
My trading blog: www.forexsignals24.com
takeon
 
Posts: 8
Joined: Thu May 09, 2013 1:50 am
Location: Lithuania

Re: Forexsignals24

Postby safnur » Thu Oct 10, 2013 3:14 pm

Very good strategy. I'll try that with my account
safnur
 
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Re: Forexsignals24

Postby takeon » Wed Feb 12, 2014 4:03 am

With the current JPY pairs’ retracement north, it's high time to think about selling those pairs again.

I suggest keeping pending sell orders for EUR/JPY, GBP/JPY and USD/JPY,as those pairs might be finishing their current climb. It’s best to enter sell trades for those pairs if they break current support levels.

So sell EUR/JPY from 139.16 with stops at 139.80.
Sell GBP/JPY from 167.09 with stops at 167.85.
Sell USD/JPY from 102.37 with stops at 102.71.
My trading blog: www.forexsignals24.com
takeon
 
Posts: 8
Joined: Thu May 09, 2013 1:50 am
Location: Lithuania


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