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    Thread: 67240127 - Naked trading using Support and Resistance levels

    1. #1 Collapse Post
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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.


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

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

    3. #2 Collapse Post
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      Default

      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


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    5. #3 Collapse Post
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      Smile

      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


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

    7. #4 Collapse Post
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      Default

      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


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

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

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