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Thread: 1349129- Toxic's Strategy for Trading EU and GU

  1. #1 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Default 1349129- Toxic's Strategy for Trading EU and GU

    Hi friends. No need to introduce myself as you all know me very well.

    Account Details:

    Following are my account details:

    Account number: 1349129
    Investor Password: ho1irzv
    Account Name: Toxic
    Server: InstaForex-Demo.com
    Initial Deposit: 5000$
    Leverage: 1:100

    My Strategy:

    In this account, I will only trade with 2 pairs i.e EUR/USD and GBP/USD. Indicators I will use will include:

    1: Simple moving averages (21 and 200 period)
    2: Trend Lines
    3: Trend Channels
    4: Support and Resistance
    5: Fibonnaci Retracement
    6: Simple Candle Stick Chart Patterns or simply candlesticks.


    Trade Entry Criteria:

    My major Indicators on which I will open and close a trade will be Trend Channels, trend lines, support and resistance levels and simple candlesticks or candle stick patterns. Simple moving average of 21 period will serve as a key indicator for Eur/Usd trades.

    All other indicators will be used for reference and will help in ammending stop loss and take profits mostly. Hardly a few times, I will use these minor indicators including Fib levels for entry or exits.

    Time Frames I will use will be 4 hourly and 1 hourly to enter or close a trade and will use daily or weekly charts as a reference. Nothing else.

    My Money Management Policy:

    It doesn't matters how much profit or loss I make at the end of the contest but the thing which matters for me is that I wanna prove that I am disciplined enough for professional trading. In this account, I will take a risk of no more than 5% a trade. Whatever happens, I won't increase this risk beyond 5%. Stop loss will usually be around 40-80 pips and take profits will almost be the same as stop losses.

    I will keep on updating this thread with all my up coming trades and any ammendment of orders so stay tuned.

    If you like my strategy, my trades and my progress or any thing related to my trading of this account, feel free to appreciate me by clicking the button:

    THANKS


    Wish you all happy trading.

    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. 9 users say Thank You to Toxic for this useful post.

    baba0 (03-07-2013), cumil (04-07-2011), Filipe (04-07-2011), mhassan (15-07-2011), mjomha (04-07-2011), Passionate Pisces (07-07-2011), pivot-trader (06-07-2011), sudanfx (06-07-2011), Tarek (05-07-2011)

  3. #2 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    I just registered my account to MT5 monitoring. Here is the live stats widget. Lets see how it goes:

    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 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    My First Trade:


    Below is my first trade based up on a pending buy limit order for Eur/Usd:

    Trade Volume: 0.25(2.5$ per pip)
    Trade Entry: 1.4470
    Stop Loss: 1.4410
    Take Profit: 1.4550
    Risk in this trade according to stop loss(60 pips or 3%)
    Profit Chances according to take profit(80 pips or 4%)
    Ticket number: 70280358

    Reason for this pending order:

    1: Weekly Uptrend. The pair is in strong weekly uptrend shown by the following chartSee Chart 1)

    2: 21 period moving average is at 1.4460 level in 4 hourly time frame which will act as a strong 4 hourly support.(See chart 2)

    3: Strong support at 1.4466 in 1 hourly chart.(See chart 2)

    4: Strong support at 1.4442 level in 4 hourly chart.(See chart 2)

    5: Strong support at 1.4415 level. That is the reason why I placed my stop loss at 1.4410.(See chart 2)

    6: Good resistance both in 4 hourly and 1 hourly at 1.4451 so I placed my take profit at 1.4450. I will increase it if market seems to be going in my direction and I was available here.(See chart 2)

    7: Resistance in weekly trend line chart at 1.4565 level so my take profit at 1.4550 is fine. (See chart 1)

    CHART 1:




    CHART 2:




    If you like my post or my trading or my analysis, don't forget to click on

    THANKS

    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.


  5. 5 users say Thank You to Toxic for this useful post.

    cumil (07-07-2011), emtelima (04-07-2011), fahids (06-07-2011), Passionate Pisces (07-07-2011), Tarek (05-07-2011)

  6. #4 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Good day, Toxic.
    Your trading strategy is very good explanation. Your joining in this contest could be much support us. Here is my thanks.

    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.


  7. #5 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Quote Originally Posted by emtelima     
    Good day, Toxic.
    Your trading strategy is very good explanation. Your joining in this contest could be much support us. Here is my thanks.
    Thanks dear. Best of luck to you to.

    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. #6 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    2nd Trade

    I did a small mistake in my first trade. I placed an order with 0.25 lot as I was thinking its a standard lot and 1pip=2.5$ but its 10 times smaller and its the IFX lot so I have to open 2.25 lot buy again at 1.4475 in order to make both EU positions combinely worth $2.5 per pip. Sorry for that. The order number of this position is 70470552.

    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.


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    It looks a great effort by you, Toxic.

    I read the first post and I like your money management plan. It is very important and you have a decent money management plan with 1:100 leverage and taking 5% risk in every trade. If you can continue like this, I am sure you it will bring you success since your trading strategy is good.

    If I am not mistaken, then your EU buy order has been opened and its now in 15 pips profit, good luck in your trades.


  10. The Following User Says Thank You to Tarek For This Useful Post:

    Toxic (05-07-2011)

  11. #8 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Quote Originally Posted by Tarek     
    It looks a great effort by you, Toxic.

    I read the first post and I like your money management plan. It is very important and you have a decent money management plan with 1:100 leverage and taking 5% risk in every trade. If you can continue like this, I am sure you it will bring you success since your trading strategy is good.

    If I am not mistaken, then your EU buy order has been opened and its now in 15 pips profit, good luck in your trades.
    Thanks Tarek, I am trying hard to stick to my plan even after watching others trading with huge lots and making huge profits

    But I will carry on as I have decided in my MM plan. Nothing different and hopefully will end up as a positive trader.

    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.


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    nice explanation and very good post to learn more from senor member of this forum ! you deserve a thanks from me

    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.


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    Quote Originally Posted by Toxic     
    Thanks Tarek, I am trying hard to stick to my plan even after watching others trading with huge lots and making huge profits

    But I will carry on as I have decided in my MM plan. Nothing different and hopefully will end up as a positive trader.

    calm Mr. Toxic ... someone using a big lots someday fall ... once fallen, definitely so hurt

    The most important is that we keep hold the rule that we make.,,
    Guys!!..Participate in MT5 contests at "Black Frame Talent" also give your vote

    come on! discuss and share your experience about naked trading in here


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