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Thread: 67240127 - Naked trading using Support and Resistance levels

  1. #1 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Default 67240127 - Naked trading using Support and Resistance levels

    Account number: 67240127
    Investor Password: spvald92
    Server: InstaForex-Contest.com
    Chosen Stock Market Data: Dax30
    Currency Pairs: Preferably some based on the Euro, like EurChf and EurUsd.
    Time Frame: M15, H4, Daily and Weekly
    Indicators: Only Support and Resistance levels (https://forum.mt5.com/showthread.php...nd-Resistance&)

    My Trading History: I have been a trader for almost five years with good performance, but I am a very conservative trader and that is why I am not so good on these demo contests, where high risks are indispensable. Besides I don't have much experience with Eur or Gbp because I am very specialized in Nzd trading, but I will do my best here in order to enjoy a fun competition during this holiday.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. 3 users say Thank You to angaper for this useful post.

    goodguy333 (05-12-2016), NikitaBelle (03-12-2016), PhantomTrader79 (11-12-2016)

  3. #2 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Trade Details:

    Trade No. : 1
    Order No. : 873343451
    Order Type:
    Buy eurusd
    Open Price: 1.0526
    Stop Loss: N/A
    Take Profit: N/A

    Volume: 15 lot

    Reason For Open:

    I found an important drop because of Italian referendum, with important possibilities to find an interesting resistance around 1.0530

    Reason For Close:

    Close Price: 1.0561

    30 pips was my target, so 35 is even better for me. I decided to close because this pair is still weak and a new drop is possible.

    Trade Result:

    Profit/Loss: Trade was manually closed with profit + 525.00

    ---------- Post added at 11:21 PM ---------- Previous post was at 11:07 PM ----------

    Trade Details:

    Trade No. : 2
    Order No. : 873340377
    Order Type:
    Buy eurusd
    Open Price: 1.0560
    Stop Loss: N/A
    Take Profit: N/A

    Volume: 10 lot

    Reason For Open:

    An interesting support has been observed at this point during previous week (although it was eventually broken for a couple of hours).

    Reason For Close:

    Close Price: 1.0573

    After an important correction of 80 pips following the previous drop, a new fall is expected in my forecast (which eventually has occurred), so at this point is good to catch some pips for me.

    Trade Result:

    Profit/Loss: Trade was manually closed with profit + $130.00

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. 3 users say Thank You to angaper for this useful post.

    mamaz19 (05-12-2016), NikitaBelle (07-12-2016), PhantomTrader79 (11-12-2016)

  5. #3 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Hi friend

    Wow!Already started the trading and made profits too!

    5 years experience of trading would surely help

    Good luck further in the competition

    Cheers
    The Real Money is in 100% Compounding


  6. 2 users say Thank You to goodguy333 for this useful post.

    angaper (05-12-2016), PhantomTrader79 (11-12-2016)

  7. #4 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Quote Originally Posted by goodguy333     
    Hi friend

    Wow!Already started the trading and made profits too!

    5 years experience of trading would surely help

    Good luck further in the competition

    Cheers
    Thank you, mate!

    Trade Details:

    Trade No. : 3
    Order No. : 873348255
    Order Type: Buy eurusd
    Open Price: 1.0551
    Stop Loss: N/A
    Take Profit: N/A

    Volume: 10 lot

    Reason For Open:

    It seems a good opportunity to buy after a little retrecement.

    Reason For Close:

    Close Price: 1.0571

    20 pips is enough for this conservative trader.

    Trade Result:

    Profit/Loss: Trade was manually closed with profit + $200.00

    ---------------------------------

    Trade No. : 4
    Order No. : 873337710
    Order Type: Buy eurchf
    Open Price: 1.0728
    Stop Loss: N/A
    Take Profit: N/A

    Volume: 5 lot

    Reason For Open:

    An interesting support has been observed at 1.0730 during previous week.

    Reason For Close:

    Close Price: 1.0738

    I was expecting for a potential correction to 1.0700, but perhaps I closed this trade early

    Trade Result:

    Profit/Loss: Trade was manually closed with profit + $49.28

    ---------- Post added at 03:46 PM ---------- Previous post was at 07:49 AM ----------

    Trade No. : 5
    Order No. : 873364185
    Order Type: Buy eurusd
    Open Price: 1.0587
    Stop Loss: N/A
    Take Profit: N/A
    Volume: 5 lot

    Close Price: 1.0614

    Profit/Loss: Trade was manually closed with profit + $135.00

    ---------------------------------


    Trade No. : 6
    Order No. : 873351069
    Order Type: Buy eurcad
    Open Price: 1.4102
    Stop Loss: N/A
    Take Profit: N/A
    Volume: 2 lot

    Close Price: 1.4138

    Profit/Loss: Trade was manually closed with profit + $54.07

    ---------------------------------

    Trade No. : 7
    Order No. : 873367664
    Order Type: Buy eurusd
    Open Price: 1.0587
    Stop Loss: N/A
    Take Profit: N/A
    Volume: 3 lot

    Close Price: 1.0630

    Profit/Loss: Trade was manually closed with profit + $129.00

    ---------------------------------

    Trade No. : 8
    Order No. : 8733364185
    Order Type: Buy eurusd
    Open Price: 1.0587
    Stop Loss: N/A
    Take Profit: 1.0651

    Volume: 2 lot

    Close Price: 1.0738

    Profit/Loss: Trade touch TP with profit + $128
    ______________________

    Trade No. : 9
    Order No. : 873337648
    Order Type: Buy eurusd
    Open Price: 1.0589
    Stop Loss: N/A
    Take Profit: N/A
    Volume: 0.10 lot
    (actually this was a mistake, I wanna open a 10 lot size trade!!!)

    Close Price: 1.0655

    Profit/Loss: Trade was manually closed with profit + $6.60

    ---------------------------------

    ---------- Post added 12-06-2016 at 02:38 PM ---------- Previous post was 12-05-2016 at 03:46 PM ----------

    Day #2

    Trade No. : 10
    Order No. : 873401569
    Order Type: Sell Euraud
    Open Price: 1.4451
    Stop Loss: N/A
    Take Profit: 1.4381
    Volume: 10 lot

    Reason For Open:

    There is an important resistance level in this pair at 1.4460 in this pair, that is why I set an order at this point.

    Reason For Close:

    Close Price: 1.4406

    After a remarkable peak that touch 1.4500 because of the RBA Interest rate decision, an expected correction of 100 pips led the price to 1.4400, a good point to take profits.

    Trade Result:

    Profit/Loss: Trade was manually closed with profit + $335.57

    --------------------------------------

    Trade No. : 11
    Order No. : 873408739
    Order Type: Buy Eurgbp
    Open Price: 0.8428
    Stop Loss: N/A
    Take Profit: 0.8501
    Volume: 5 lot

    Reason For Open:

    I found an interesting support level in the M15 frame at 0.8420, that is why I decided to go long.

    Reason For Close:

    Close Price: 0.8439

    Actually I have never traded this pair, so I am not very familiar with it, so I decided to close it as soon as become profitable.

    Trade Result:

    Profit/Loss: Trade was manually closed with profit + $69.97

    ---------------------------------------

    Trade No. : 12
    Order No. : 873401521
    Order Type: Sell Euraud
    Open Price: 1.4394
    Stop Loss: N/A
    Take Profit: 1.4301
    Volume: 5 lot

    Reason For Open:

    I want to take advantage of the bearish trend in this pair to get some pips.

    Reason For Close:

    Close Price: 1.4379

    I think a potential correction to 1.4450 is possible, so I think this is a good point to close and grasp some profits.

    Trade Result:

    Profit/Loss: Trade was manually closed with profit +$55.94

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. 3 users say Thank You to angaper for this useful post.

    goodguy333 (05-12-2016), NikitaBelle (07-12-2016), PhantomTrader79 (11-12-2016)

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