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  • Results 1 to 4 of 4

    Thread: (65514956) trading the major pairs with support and resistance & channels

    1. #1
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      Default (65514956) trading the major pairs with support and resistance & channels

      Hello My dear Friends

      I'm happy to participate in this contest and , I will try to do my best

      Account Details
      :


      Login : 65514956
      Server : InstaForex-Contest.com
      Investor : jcxdmy49 (read only password)


      Trading Strategy

      I'll use the support and resistance & the trending channels , if the price is at support line then i will go long and my tp will be the next resistance line , and take into consideration also the channels that is with the main trend , my time frame is 1H, and 4H , and daily frame my stop loss will be based on Support or Resistance also but the 4H or Daily resistance ,I trade the major currencies , through a preset template

      ---------- Post added at 09:14 AM ---------- Previous post was at 07:37 AM ----------

      I opened a sell position on GBP/JPY @132.57 , and my TP is 5 pips @132.62 , it's with the major trend which is up , and the condition for the trade has been satisified

      ---------- Post added 12-07-2012 at 01:42 AM ---------- Previous post was 12-06-2012 at 09:14 AM ----------

      early toady we opened E/J trade but we closed it with 5 pips only as i wasn't able to follow it
      I also made a pending order and has been activated , buy on G/U (.06 lot) @ 1.6063 , as it's 4H support and the target below the 4H res. by 3 pips @ 1.6024 ...
      - I'm also now opened 4 new trades as follows...

      1- Long On E/J @106.82 (.06 lot) as it reaches the bottom of the 4h up trend channel and supported also by weekly res. at this area my initial TP at the 4H res. at 107.94

      2- Long on G/J @ 132.16 as it was touched 4H upward trend line , my initial TP @ 132.64

      3- Long on E/U @ 1.2964 as it reaches 4H upward channel bottom , my initial TP @ 1.3041 where the weekly trend line res.

      4- Long on G/U @ 1.6051 as happened with E/U , my Initial TP @ 1.6119 where there 4h downward 4H trend line
      Last edited by Sniper_fx; 12-06-2012 at 09:31 AM.


    2. The Following User Says Thank You to Sniper_fx For This Useful Post:

      MT5 venki (12-07-2012)

    3. #2
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      I also trading with support and resistance lines, and with 2 strategy, 1 for trending markets and 1 for ranging markets. I made small profits while market break outs. Please, update your orders with profits. All the best.


    4. #3
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      Your current equity is 0.14$.


    5. The Following User Says Thank You to Toxic For This Useful Post:

      mohibbaba (12-27-2012)

    6. #4
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      Your final equity is 0.14$ so you aren't in winners list.

      Thread Closed!


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