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    Thread: 67240150 - Daily trading (Price Action of Supply & Demand areas)

    1. #1
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      Default 67240150 - Daily trading (Price Action of Supply & Demand areas)

      Account Information

      Account No: 67240150
      Investor Password: rxpyrp40
      Server: InstaForex-Contest.com
      Chosen Stock Market Data: FTSE100
      Currency Pair: all pair with EUR and GBP
      Time Frame: Daily & H4
      Indicators: RSI(5), Moving Average(Linear Weighted = 15). These are default indicators available in MT4 Terminal.
      Relative Strength Index
      Moving Average

      My Trading History: I've been trading for more than 5 years using different kinds of trading system parameters that suit my style. But lately, I've been focusing on higher time frame due to my busy schedule. I use RSI(5) to determine the oversold/overbought area and Moving Average(LW 15) for trade entry confirmation. So far, I'm a bit happy with my trading results.
      Last edited by balut; 12-02-2016 at 05:57 AM.


    2. The following 3 users say Thank You to balut for this useful post.

      goodguy333 (12-06-2016), NikitaBelle (12-03-2016), PhantomTrader79 (12-02-2016)

    3. #2
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      Smile

      Hello mate

      Wow!More than 5 years of experience would surely help you in this contest?

      But why RSI(5)? I use the default 14

      Cheers
      The Real Money is in 100% Compounding


    4. The Following User Says Thank You to goodguy333 For This Useful Post:

      PhantomTrader79 (12-11-2016)

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      Default

      Quote Originally Posted by goodguy333     
      Hello mate

      Wow!More than 5 years of experience would surely help you in this contest?

      But why RSI(5)? I use the default 14

      Cheers
      LOL! I'm still struggling until now and I forgot to update my open positions which is currently negative right now. I'm sure a lot of us here at MT5 are already in our 5 years experience. I use RSI(5) so I can easily spot oversold below 30 and overbought above 70 area.

      ---------- Post added at 08:01 PM ---------- Previous post was at 07:44 PM ----------

      TRADE DETAILS

      Trade No: 1
      Pair: GBP/NZD
      Order No. : 873341431
      Order Type: Buy/manual order
      Open Price: 1.7787
      Stop Loss: none
      Take Profit: 1.8550
      Volume: 10 lots
      Trade result: currently floating...

      Reason for opening trade: This pair is still running on a bullish trend. Besides the closing bullish candle on December 02, 2016 just broke the previous weekly high closed.


      Trade No: 2
      Pair: GBP/CAD
      Order No. : 873343226
      Order Type: Buy/manual order
      Open Price: 1.6877
      Stop Loss: none
      Take Profit: 1.7000
      Volume: 1 lot
      Trade result: currently floating...

      Reason for opening trade: This pair is still on a bullish consolidation and has a previous strong bullish candle closed.


    6. The Following User Says Thank You to balut For This Useful Post:

      PhantomTrader79 (12-11-2016)

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