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  • Results 1 to 4 of 4

    Thread: 66299525 Team KAWRANBAZAR (ALPHA), OWN SUPPORT AND RESISTANCE ZONE METHOD

    1. #1
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      Default 66299525 Team KAWRANBAZAR (ALPHA), OWN SUPPORT AND RESISTANCE ZONE METHOD

      Hi Everybody,
      Introduction :
      Team : kawranbazar (Alpha) and zeshanlakhani (Bravo).
      Account Number : 66299525
      Investor's Password : ukthcl19
      Server :InstaForex-Contest.com
      ===================================
      Strategy :
      My strategy is based on the support and resistance zone method. I do not use any indicator for my trading. I draw the support and resistance zone with the meta trader drawing tool by considering some issues:
      1. The current support or resistance line must be used as strong support and resistance in the past when we see the history.
      2. In the past we will see some big candle break in these lines.
      3. The lines had been respected by the market several times.
      4. We have to consider all the fundamental news to use this strategy.
      5. We can use this strategy in any pairs.
      6. We will trade either inside the support and resistance zone for scalping and outside of the for comparatively long term trading.
      7. We must consider the correlation to use this strategy.
      8. We can use this strategy on h1 and h4 time frame.
      ===================================
      I will discuss my trading frequently in this thread.
      Good luck everybody and wish happy contest to all.


    2. #2
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      I have made $900 profit on GBPUSD Trade that I have done with 90 lot.
      Strategy Explanation for GBPUSD:

      According to my strategy I have drawn a resistance zone on GBPUSD by considering these lines 1.6664 to 1.6679. I have seen in the past that these lines are very powerful. As there is no news at that moment I opened short postion with 90 lot and successfully made profit of $900.
      Resistance zone: 1.6664 to 1.6679

      Trade details fpr GBPUSD:
      Opened Price : 1.6661
      Closed Price : 1.6651
      Lot Size : 90
      Time Frame : h1
      Profit : $900
      At the same Time I have opened trade on GBPCAD.

      Strategy Explanation for GBPCAD:
      Considering same as GBPUSD, I have drawn resistance zone in GBPCAD. As the price remains side way in the zone. It is good chance to do some scalping here. As this pair has 12 pips of spread, I have cut it with scalping.
      Resistance zone: 1.8501 to 1.8529
      Trade details fpr GBPCAD:
      Opened Price : 1.8524 and 1.8523
      Closed Price : 1.8522 and 1.8522
      Lot Size : 10 and 90 respectively
      Time Frame : h1
      Profit : $17.98+161.76=$179.74
      Attached Images    


    3. #3
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      The next trade has been made on GBPUSD by following same criteria. The result is below :
      Resistance zone: 1.6684 to 1.6699
      Opened Price : 1.6674
      Closed Price : 1.6664
      Lot Size : 100
      Time Frame : h1
      Profit : $1000
      This trade directly hit on the TP.

      Now my equity is $12079 in just one day trading.
      Attached Images  


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      Default

      Your profits which you made are useless because you didn't post in contest thread that you were going to partner with zeshanlakhani and started this thread yourself.

      Even zeshanlakhani blew up his first account as a partner of kingkedi but still you joined him and started this thread.

      Your team is invalid. If you want to participate, go to the Contest Thread and post about your partner there. If it gets accepted, only then start your thread!

      Thread Closed!


    5. The following 2 users say Thank You to Toxic for this useful post.

      azmassi (02-22-2014), kawranbazar (02-23-2014)

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