psaini1973
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Posts posted by psaini1973
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Gotcha one more in EU.... total Profit for the day $ 501
Check out this trade of $303
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@chandu.... i am sorry i forgot 2 ans. ur query yesterday.. i have no news service as such .. i just check FF... this is the 1st thing i do in morning and i also check tomorrow news b4 closing down in the evening so as to accordingly schedule my next day..
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i have one thing to say ... i hope everyone is having success with "soundfx" system..
i would request everybody to share results whether in profit or in loss...
Pls post image of ur trade history and also with drag n drop like i have been doing...
It seems i am the only one making unwanted noice regarding my trading ideas and results..
Thanks
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ohh my god.... 40 pips down spike in EU in 2 min.. this is why i stay away from news trading
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I had 2 close both EU trade as news is coming . i was up more than $450 at one point of time but i didnt close.. so had to settle for $198 only...
I forgot 2 add drag n drop in my both trades... here they are 4 ur reference.. thanks
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Two more usa news abt to come.. and Fed Chairman Bernanke Speaks after that.... so i dont think so i will be trading any more today.... lets c ...
Does anyone knows how much is the duration of bernanke speech? thanks
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I had 2 close both EU trade as news is coming . i was up more than $450 at one point of time but i didnt close.. so had to settle for $198 only...
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EU didnt go down much as expected.. i have 2 trade in EU. one in 5 min Tf and the other in 15 min Tf.. not much to gain so carrying both trade in usa open with SL at BE.. lets c
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EU about to Break down.. hanging in there 4 the couple of minutes
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Hi,
Tested this system in my account yesterday. 2 trades in Euro. Both winners.
I trade using 15min timeframe and my entry is after the arrow appears, i will wait for the price to retrace to the 21 ema and enter my trade.
Cheers
Nice 2 c u r having success with "soundfx" system...
few pictures could well explain ur strategy.. thanks
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To hell with warren buffet. i got my money back with profit... my analysis was right b4 also and now also.... huh
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this spike killed my trade in e/u.. loss of $394....
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wats the spike in e/u?
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Psaini how is today's trading for you? What time frame are you trading the system. Seems price action is choppy today as everyone is waiting for Bernake tomorrow.
Jeff
Waiting for helicopter bin!!! LOL
Hi.. my day could have been very good.... their was sell call in e/u approx 3-4 hrs back.. by bad luck i was not at my pc ... when i came back it had already moved 20 pip down.. so i didnt trade that.. now waiting 4 new trade..
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Thank u very much soundfx
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Hi soundfx.... thanks 4 all the hard work u doin....
i am facing a problem regarding the indi.. when ever i try to drag and drop my closed positions on to the chart it is formed 4 only 2 seconds and then disappear.. musketter pointed out that some indi might be interfering with it ... even if i try draw a vertical line on to the chart its the same result.... can u tell wat is the reason? thanks
Secondly i am loking 4 a alert system like if i draw horiozontal line and if the price breaches it, it can show up a alert.. does this kind of alert exists? i use it very often if a price break a certain point... thanks once again
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Hi psaini1973
Is been a challenge today with the euro as we all can see the correlation between the GBP/USD and the EURO/USD is completely inverted. we have the GBP/USD going down we have the EURO/USD trying to go up.
The problem I see is that the 1.45 area on the euro seems to be an area were the failures to the upside continuously keep happening
And even with today's bad news out of Germany during the London session for the EURO/USD is still rallying simply because of the fact that the European Central Bank is buying the peripheral bonds and Italian bonds.
But with the GBP/USD still trying to head down, we may very well see the EURO/USD “play catch up” to the downside and get in tune to the downside with the GBP/USD
If we break down again below the 1.4404 area, it would be nice to see the Master Pro go below – 20 and lets see how far behind the down side arrow takes,
But I can understand sitting all day waiting for a high probability set up. Like soundfx said the only happen 1 or 2 a day, something that new traders have a hard time believing.
At least the GBP/USD gave a nice trade once it broke below the over night lows at 1.6470 were I think you had your pending order.
my bad luck is i deleted g/u at 1.6470 bcos at that time gu was going up .. anyways theres another next day...
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E/U is going no where.... stuck in a range.... 7Hrs of sitting idle... :-?
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usa mkt begins... the D1 Candle is a doji right now.... so shld go either way at least 50 pips i suppose
Edit post... i was referring to E/U Candle
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Hi,
using caramill indicator could be give some advantages trading this system.
I will upload template with indicator settings later if somone is interested...
(do not use default settings)
Pls share.. any help is highly appreciated.. thanks
Pip Accumulator
in Trading Systems and Strategies
Posted · Edited by psaini1973
Here are some of my rules i made for myself trading with "Soundfx System"
1) Trade only one pair. i consider EUR/USD as the Major of Major Pair. (Sometimes i trade EUR/JPY also if its in correlation with EUR/USD, but only after Japanese mkt close)
2) Fix trade timing... i start my trading from London open to London close, i will only carry forward a trade after london close (but will close as soon as possible), will not take a fresh trade after london close.
3) Never enter in the middle of a signal given by the system, always wait for a fresh signal... if u missed 5 Min signal then look 4 fresh signal in 15 Min....
4) After a signal is given dont jump in to it , look for recent high n lows and accordingly place ur trade.
5) I personally never trade during or b4 the imp. news, only after it is over and its effect has subsidized.
6) Discipline and patience is the key to success ( which i lack both of them but i m trying to attain both of them)
7) Each day b4 starting ur MT4 platform check FF for imp. news and act accordingly.
8) This system is not Holygrail.. losses will happen, its the cost that we pay for trading forex,
9) Entering a trade at right time is imp. but its the Exit that will make us rich or poor
10) Be honest with yourself, share ur all results whether in loss or in profit, many forex experts are here to help u with ur trading. they will point out wat mistake u r doing.
Right now mkts are in a pathetic range. look at EUR/USD for the last 15-20 days , its going no where, directionless. if u could make some amount of money in this range bound mkt using this system, then think how much money u will make using this system when the mkt comes out of this range and follow a clear direction.
Just my two cents