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  • Results 1 to 9 of 9

    Thread: 66367068 - INTRADAY TRADE STYLE INCORPORATING S&R WITH CHART TRENDS

    1. #1
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      Default 66367068 - INTRADAY TRADE STYLE INCORPORATING S&R WITH CHART TRENDS

      The strategy i am going to use is real simple and straight. I use support and resistance levels, check trend patterns on naked chart, i use pending others also in this contest. I hope to meet you guys at the top.

      Login: 66367068

      Server: InstaForex-Contest.com

      Investor: znxcfo91


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

      مناڈکیت (04-06-2014), nasimuddin (04-06-2014)

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    4. #2
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      You also using the support and resistance levels.

      There are about 5-6 trader using this same strategy that is support and resistance levels.

      I will also use this support and resistance levels for my trading.

      Hope you will be able to collect a good equity.

      Best of luck for your trading strategy based on support and resistance levels.

      Happy trading day .
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    5. #3
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      I placed a trade for yen @entry price 103.13 -tp(103.35), sl(102.93) using instant order and watching the chart which is just retracing back to the upward trend, you will find a support line in areas 102.93 and resistance above 103.34. In this trade i used risk reward ratio 1:1 with a lot size of 1 and i also ensure that i do not risk more than 1% of my capital maximally in any single trade.


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      Hellow mate.

      You are using only 1 lot size ?

      I think this is very low risk mate . you should take some more risk in order to get more profit from this market.

      Because this is only one week contest for you mate.
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    7. #5
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      Are you watching the rules mate? 10lots total value...there's still lots of opportunities....thats what i believe forex trading is about! Thanks anyway for your concern. Do your due diligence. Cheers

      ---------- Post added at 01:32 PM ---------- Previous post was at 01:14 PM ----------

      I have placed pending sell trade for Euro @entry price 1.3786 -tp(1.3685), sl(1.3818). I draw trend lines to connect the highs and lows of the trend for a period of time, you will find a support line in areas 1.3672 and resistance around 1.3818. In this trade i used risk reward ratio 1:3 with a lot size of 1 and i also ensure that i do not risk more than 1% of my capital maximally in any single trade. Order No: 832035804

      ---------- Post added at 01:38 PM ---------- Previous post was at 01:32 PM ----------

      I have placed pending sell trade for Cable @entry price 1.6557 -tp(1.6517), sl(1.6577). Prices may likely resume downward trend to complete the cycle and at price 1.6557 seems to be a pivotal point of trade and beyond this is a southward trend continues to support levels of 1.6517. In this trade i used risk reward ratio 1:2 with a lot size of 1 and i also ensure that i do not risk more than 1% of my capital maximally in any single trade. Order No: 832010717


    8. #6
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      What you realize about 10 lots total value mate ?

      10 lots is the minimum value that is needed to qualify.

      So that you can take high lot even 100 to 300 size though it is risk so much.

      Best of trading mate.

      I think you will be able to realize the main fact.
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    9. #7
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      Thanks mate i think i understand now and thanks for looking out for me. You are a good lead in my wheel of progress. Cheers


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

      nasimuddin (04-07-2014)

    11. #8
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      Quote Originally Posted by victorion     
      Thanks mate i think i understand now and thanks for looking out for me. You are a good lead in my wheel of progress. Cheers
      Welcome mate.

      I think you will be able to make huge profit from this market.

      Your trading style is very nice i have seen that.

      Go ahead in this contest. want you in next step .

      Best of trading.
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    12. #9
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      Opened a yen position earlier today following the chart trend with order number 832022297 bought @ price 103.13, tp (103.43), sl(102.69) later closed my yen position @ price 103.03 loss. It is one of my strategies to cut off losers fast so that it will not affect my account.

      ---------- Post added at 10:04 PM ---------- Previous post was at 10:01 PM ----------

      Opened lots of pending NZDUSD sell positions a while ago,

      chart seems to be trending downward...

      more on this in a moment....


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