66042397/cefkvz08;Scalping of EUR/USD & GBP/USD by BB & RSI

[goodguy333]

Hello Rest of the World folks...!

I joined the bandwagon too...!

Well,they say,"Participating is more important than Winning";lets see....!

My Account Details:

Login: 66042397
Investor: cefkvz08

My Strategy:

To Scalp EUR/USD and GBP/USD with Bollinger Bands(BB) and Relative Strength Index(RSI) probably in the M15 Time Frame...!

I had done this way back,so hopefully I can make out something from it...!

Lets do this...!

Cheers

Final trading statement for our members' learning purpose:



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[dzin4aans]

Glad to see your thread Good luck with your trading and hopefully your strategy works brilliant, so we could get some boost for our team in equity

[goodguy333]

Sorry for late reply and trading...!

I had some issues...!

Did couple of Trades today,but with JPY pair,AUD/JYP to be precise,for 2 Lots overall

Results:


It was based on Technicals,and Targeted ~5 Pips...!

I want to further it on JPY itself,seems good enough...!

But then,may be time is running out and I still have far to go...!

Just don't want to get Margin Call/Stop Out

Hope good

Cheers

[goodguy333]

Hiya Folks did some Trades...!

Balance as of today:$10,020.67~0.2% increase in Profit

Very low but Account still intact...!

Gotta up the ante next week,if I can maintain the tempo and set up good Trades

Here is the Statement,as of today:



Happy and Profitable Trading to those still in the Contest...!

All the very best

Cheers

[Humza]

Good work mate its a 3 week contest so nothing else to do now just keep the account and make sure you do at least 10 trades in those 3 weeks.

[goodguy333]

Did some Trades today but again with lower Lots only...!

May be I am cautious,but then,I will go aggressive once I know it gonna end good!

So playing ok for now since more concerned about saving account then earning more

Cheers

[goodguy333]

Did some Trades yesterday,some with big lots...!

It was a good day for me...!

I had opened the Trades within the Support and Resistant Price of the Pair(s) and targeted 2-5 pips,tops

I had to expand to other majors than listed in my title for obvious reasons...!

But then,Markets seems to be a bit choppy and wayside to me,so I gotta be cautious...!

Happy Contesting

Cheers

[dzin4aans]

Thats great mate your doing well, keep up the performance There is no reason to take huge risk, if you get any profits, fill the 10 trade rule, 10 lot rule, ROW team, wins you will end up getting prize anyway
However try to report every trade too, its a part of the rules and I've seen some good users in previous contests being disqualified because they didn't report all of their trades.

[goodguy333]

Did 1 Trade today on USD/JPY for 0.10 Lot Size

Open Price:98.95

Take Profit:99.02

Result:TP hit

Profit/Loss:$0.71

Reasons for Trade:

USD/JPY was heading south towards their Support prices and hence there was bound to be re-bound/re-tracement.Hence a quick Scalping for some expected profits...!

Market is bit of sluggish,hence went for lower Lot and of course,major news announcement

Thanks

---------- Post added 09-19-2013 at 02:11 PM ---------- Previous post was 09-18-2013 at 05:57 PM ----------

Did 3 Trade today on GBP/USD for 0.10,100,300 Lot Size(0.10 Lot opened by mistake)

1. Order 1:Open Price 1.6118 TP:1.6115 Profit/Loss:+$0.30
2. Order 2:Open Price 1.6119 TP:1.6115 Profit/Loss:+$400
3. Order 3:Open Price 1.6092 TP:1.6090 Profit/Loss:+$600

Reasons for Trade:

Cable had moved to the upper part of the resistance about 1.6140,and as some course correction was required making it pushing down a bit.

Hence,went for some quick Sell by Scalping for few Pips

Will look for other opportunities,today,though some pairs are still looking sluggish for me...!

Thanks

[goodguy333]

Did 1 Trade today on USD/JPY(Sell) for 100 Lot Size

1. Order 1:Open Price 99.42 TP:99.35 Profit/Loss:+$704.58

Reasons for Trade:

Both the USD and JPY were sluggishly moving and I tried to corner some pips via their first support and resistance points between around 99.45 and 99.30

Hence,went for some quick Sell by Scalping for few Pips

Though this pair is not giving some clear indication to me...!

Thanks

---------- Post added at 09:10 PM ---------- Previous post was at 02:59 PM ----------

Did another Trade today on EUR/USD(Sell) for 100 Lot Size

1. Order 2:Open Price 1.3535 TP:1.3530 Profit/Loss:+$500

Reasons for Trade:

Though the prices are moving a bit sluggish moving around 1.3545 and 1.3520 in the 5M TF testing their nearest Resistance and Support prices,hence went for some quick scalping taking advantage of bit of volatility

Methinks it will settle around 1.3535-1.3545 today and resume its journey come next Trading day on Monday...!

Thanks