psaini1973

Hopefully Done for the day and that too in style.

Made another $ 614 :P

Todays Total Profit is $ 1208 8-)

Check Out: http://img192.imageshack.us/img192/1725/eur55.gif

http://img192.imageshack.us/img192/1725/eur55.gif

Good start in this week, made $ 593. :)

Had to close early just b4 the imp. EU news,

Pls ignore the 3 trades with 0.01 lots as this was a mistake done in hurry.

Check out: http://img696.imageshack.us/img696/1725/eur55.gif

http://img696.imageshack.us/img696/1725/eur55.gif

Congrats "Murtamad" for writing the 1000th post of this thread. This thread has 100 pages and 1000th post, Thanks to Soundfx for putting his heart and soul behind this system and making it successfull and thousands of members who have visited this thread

I had no idea in my wildest of my dreams that this thread would go so long... i am just feeling so emotional about this thought. Thank You to All of You People Out there contributing to make this thread a Special one. ^:)^

Again the same story. Just after the London open EU crashed down to S3 in a single 15 Min TF Candle. Game Over for me for today, No shorting for me, only buy if there is a strong chance of buy.

The problem is The Aussies, Japanese and the Asians Mkts are eating away all the pips leaving nothing or peanuts for the London Open and which is also taken away by the big players in a Flash, we the common people are left away to shell out the pips from our pockets.

@ THANKS: Thank You so much for the nice words about my country India, i am glad u visited every part of India and u liked it. Pls visit again and we will do every thing to keep our guests happy.

As u have gone thru the whole thread pls try this system for some time and u will be happy with the results, i am only using 5 and 15 Min TF, actually i don't have the patience to try out the 4 Hr TF. but i am sure this system will be equally good at 4 Hr TF. Thank you once again for the nice and kind words.

@ maestro: its a very good trade, patience always pays good money

@ murtamad: Hi murtamad, Welcome to India. I am very happy u visited India, its a great place to be there, its not like USA or Europe highly rich, but the bonding within the diff. types people who come from diff. religion, caste and background is highly unimaginable, sorry if u had any kind of trouble here, but i am sure the experience u had here would be a memorable one. thanks

Psaini, thanks for sharing your trades, today I traded to at london open, just got out break even, was long to on eur/usd, Yesterday I had a loss of 20 pips, went long at 1,3390. I know against the longer timeframe trend. How were your trades yesterday?

Yesterday i was waiting to short the EU after all the EU news would be over after the london open, but the last EU news created havoc and the EU crashed to S3 within minutes, as i dont short the EU after S3 so i was waiting 4 the buy , but it didnt came so no trade yesterday. Vice Versa i wouldnt buy EU after it reached R3

Actually if u see S3 and R3 are the levels where majority chances would be that the pair would reverse, if it doesnt no trade at least 4 me..

Took a trade after london open. going no where. had to close as imp. EU news coming.

loss of $ 43.

Ahhhh my luck i am writing this post and EU going up. news effect :) i have strict policy of staying away from imp. news

Check out: http://img600.imageshack.us/img600/9831/eurp.gif

http://img600.imageshack.us/img600/9831/eurp.gif

@ nnn123: Welcome to the thread, take ur own sweet time to trade with this soundfx pip accumulator, i say to every body just try it 4 one month without worrying about the results and u will feel comfortable with this system, but sadly majority dont do this.

Thanks 4 the nice words and best of luck.

@ Fortuna: As i earlier said i am using the power of correlation in this system that's why i open 3 diff. pair at the same time. i am doing it manually the entry and exit of trades. It just takes less then 10 seconds to enter and close the 3 trades. i am not much of a technical person so i like to keep things simple so i dont use any EA or any trailing system

@mograst: Dear frnd just trade with this system with the rules that have been made. u will have to read out a few posts regarding this. All the trades have a pure logic behind them, majority of times they work and when they dont SL is hit. its as simple as that.

Apart from using any trading system one shld also have basic knowledge of forex trading, without that no matter which best of the best system one uses success will not be achieved.

One more trade in the pocket.

EU is rejected mercilessly by the Daily R1 and down it came.

Replica/Mirror of the previous trade

Profit of another $ 529 ;)

Todays Total Profit is $ 1083 8-)

Check Out: http://img11.imageshack.us/img11/1830/eury.gif

http://img11.imageshack.us/img11/1830/eury.gif

Bloody hell of a mkt now a days. Very hard to trade if i follow all the rules, anyways now a days less is more. Dont wanna risk my hard earned profit so exit early.

Just made $ 553 :)

Check out: http://img854.imageshack.us/img854/2155/eurv.gif

http://img854.imageshack.us/img854/2155/eurv.gif

Waited so many hrs 4 the trade when it came it didn't materialize, closed it as it was taking too much time.

Loss of $ 144 :(

Check it out: http://img215.imageshack.us/img215/7466/eurn.gif

http://img215.imageshack.us/img215/7466/eurn.gif

Psaini, did you made some trades today? My long is not going up...

i am yet to take a trade. EU stuck at S1 . not sure which way will it go . waiting patiently, if it makes a move just b4 the opening of usa mkt then i wont be trading that. lets c

Thanks for the explanation, I will try your system for a few weeks, ik started 2 days ago with your system al went great until this morning, I was short on the eur/usd right after the red arrow and tp was the pivot level, but price went up?

U shldnt haven taken the trade when ECB President Draghi Speaks. take care of imp. news. its very imp

psaini, I follow your thread. Great system and thread. Can you explain something more about the correlation of the pairs you trade. The last post of you is nog clear for me. Thanks!

Hi jasper. that particular ans was about a particular trade that myself and canforex took at the approx same time. canforex exited with loss whereas i was hanging on with my trade , i was explaining him the reason that i didnt exit the trade as EU/JP was stuck at the pivot

Correlation is positive and negative. EUR/USD and EUR/JPY are positive correlated means they will move in same direction most of the time. EUR/USD and USD/CHF are negatively correlated that means they will move in opposite direction most of the times. So i am using this power of correlation along with Soundfx Pip accumulator in my trading.

Pls bear in my mind this correlation sometimes in a year get outs of synchronization , I think two month back or so if i remember correctly EUR/USD and USD/CHF were positive correlated for may be a week or so. So this has to checked continuously by merely looking at the charts

Pls try this system 4 at least a month without worrying about the results after that u will develop a knack so as to how to trade with this system. Best of Luck

@ Canforex: Canforex thou it was a losing trade but u had the heart and the courage to share ur results.

When ever u r trading 5 min tf also consult 15 min tf and pls also use the power of correlation, i didnt exit this trade initially bcos if u c in 15 min tf the EU had broken UP the pivot but EU/JP was stuck at the pivot. it tried to break UP and close above the pivot but it failed ( tried 4 times), which was as indication that EU and EU/JP "Might" come down ( thou nobody can guarantee that) and it happened as i had anticipated, i couldn't close the trade at the right time that's a separate issue

Check the pic below 4 wat i am trying to indicate, the trade was taken in 5 min tf but as i said i keep on flipping the 5 min and 15 min tf chart to c wats goin on. i have circled the particular area in round circle in EU/JP

http://img411.imageshack.us/img411/8983/eurs.gif

Hmmm. i had this trade in my pocket but just couldnt close at the right time as something came up and i had to leave my pc, i was approx i think i shld have been +$ 400.. Price touched the support in EU and EU/JP and reversed up all in 5 min.

Profit of $ 44. Not all days are sunday :P

Cant say i will trade the usa open as it is full of terrifying news :))

Check out: http://img401.imageshack.us/img401/9598/eur.gif

http://img401.imageshack.us/img401/9598/eur.gif

Thanks forexfx and dhinesh89 for helping in my absence

@ raiden: Thank you Raiden 4 the kind words

London is having their bed tea and i am having my lunch here in India, its a good lunch, just ate up $ 780. :)

Check out: http://img204.imageshack.us/img204/5473/eurw.gif

http://img204.imageshack.us/img204/5473/eurw.gif

Infomattik heres ur first thank, i notice nobody thanked u b4. Now back to the trade, very very good trade, i love to c that u r using the power of correlation in ur trading.

your r a brave man so u r sharing ur trade results, but pls also share loss trade also, theres nothing to be ashamed off when u loss money, my best wishes.

Exit has always been a headache at least for me. there are many ways to exit, the pivot or the next support or the resistance or the one i use frequently is the amount of money i made in a trade. lets say i took three trade and the profit is above $ 1000 then i will be seriously thinking to close it.