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Posted
But, what offended you so much that you had to use such language against me?
Language in general is not language at you. Like if I say "calm the F%$k down" doesn't mean I am calling you a "F%$K" so please do not take it that way. In this case it was simply an expression, I was not offended in any way.

 

juicyt

Posted
=D>Wow! Kelvin. That was nice of you to say these things in this tone. I love this tone you are talking now. Let us maintain this tone without any asterisks in the thread!.

 

I'll also take your suggestions about posting my trades here. I'll post demo account trades starting with $500. I am a part time trader, mainly a lighting consultant, so no scalping or intra day trades.

 

 

Great, that's all anyone can ask so good luck with it!

Posted (edited)

It is a jungle system and looks complicated, at least to me. Yes, too many MAs. Forexintel why did you posted the jungle here when you don't want to explain it? That's not fair to the members. We have no secrecy clan on the forum.

Do you like to establish a paid section on forum?

Hermes

Edited by hermes
Posted
Kind of thinkin the same thing hermes, go to forexfactory if you want to prove your system and get sales. We have usually been about sharing. In saying that, I figured if he wanted to prove a system, who am I to stop him.
Posted

I am posting trades from my demo account of $500 with the disclaimer that there is no guarantee that others will also get similar profit and loss levels. They can do worse than my P/L or even better than my P/L. Any one who practices with discipline, honesty and loyalty consistently, will surely learn the profitable ways. There are no shortcuts.

Fig 1 shows the SELL order entry price of 1571.61 at 15:15 on 24th May, marked by the white lines. The high ZZ started reversing after touching a fibo level. Used M15 instead of H1 for early entry.

http://i1115.photobucket.com/albums/k543/ponforex/3q/Trades/gold24512.gif

FIG1

Fig 2 shows order entry no.2 for SELL at 20:07 after a retracement. Neither M15 nor M5 had a SELL confirmation with yellow line below black line, but there was a reversal from the fibo level near a high ZZ.

http://i1115.photobucket.com/albums/k543/ponforex/3q/Trades/gold245123.gif

FIG 2

Retracements are normal, especially when MAs cross over. The thick white MA in H4 crossed below the black MA and the prices retraced. Since the prices are below the black and white MAs, i am looking for high ZZ for entering SELL. I'll enter BUY once the prices move above the black and white moving averages and if there is a low ZZ bouncing off a fibo level.

Remember, BUY LOW|SELL HIGH.

http://i1115.photobucket.com/albums/k543/ponforex/3q/Trades/gold25512.gif

FIG 3

Leverage, lot size and timely entry and exit are essential for maximizing profits. You can see from fig 3 that if the exit was not made at the right time, profits would have been seriously eroded.

Posted

Order no.3 opening price and time shown in white line cross and closing price and time shown in red line cross (FIG1). When it crossed the high of 24th, was worried that it might go to the top fibo level of 1613 in H4, so took a loss of $36.

http://i1115.photobucket.com/albums/k543/ponforex/3q/Trades/gold28512.gif

FIG 1

 

 

Order no.4 opening price and time shown in white line cross in FIG 2. Bit volatile, but ranging at fibo level confirmed potential sell and the prices were near a HIGH ZZ, as shown in H4. Believe that the prices will range at this level, rather than retrace up to meet the moving averages. Journey towards $1100!

http://i1115.photobucket.com/albums/k543/ponforex/3q/Trades/gold29512.gif

FIG 2

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