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  • Page 1 of 2 1 2
    Results 1 to 10 of 14

    Thread: Group D - 66385489 - News Based Trading | Risk Management & Money Management Trading

    1. #1 Collapse Post
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      taxman has a spectacular aura about taxman has a spectacular aura about taxman has a spectacular aura about taxman's Avatar
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      Default Group D - 66385489 - News Based Trading | Risk Management & Money Management Trading

      Account Details

      Trading account number (login): 66385489
      Investor password: rkvvot66
      Server: InstaForex-Contest.com

      Off late i have lost a lot.. but never mind... winners never quit is the Mantra which i followed till date in any work i do.

      Did one of the Premier Finance course from India.. Chartered Accountancy... I Had an eye on Stock Markets right from the age of 10 years.. Now a days we find many users trading from small age.. But 20 years down the line with the Technology we had its damn tough for us to learn much about Markets.

      This Contest has given me Motivation that yes i can do better things in coming days.. This Contest made my name known to many Traders.. I hope i will do better at this level

      This time My strategy has 2 Parts

      1) Based on News
      2) Risk Management & Money Management Trading

      Once i open my Trades i will explain how and on what basis i have done this

      Last but not the least my opponent is mart Trader who sees his opponent strategies perfectly and enters Market... This time he will find himself in me

      I some times wanna follow this Indicator which was created by Nikitabelle in my trades

      https://forum.mt5.com/showthread.php...ic-with-Zigzag




      Final trading statement for our members' learning purpose:

      Name: FireShot Screen Capture #017 - 'Statement_ 66385489 - Taxman' - _D__MT5 Sections - mod job_New f.png Views: 215 Size: 212.1 KB

      to view bigger picture:
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      Last edited by PhantomTrader79; 05-19-2014 at 02:40 AM.
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    2. The following 5 users say Thank You to taxman for this useful post.

      مناڈکیت (04-19-2014), bidyut (04-20-2014), kissshore (04-21-2014), nasimuddin (04-19-2014), rash (04-20-2014)

    3. #2 Collapse Post
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      we all know the fact of money management that is if we have made verey good plan for our trading account then we can make good things for us that is we can make good profit we always


    4. The Following User Says Thank You to saifullah111 For This Useful Post:

      taxman (04-19-2014)

    5. #3 Collapse Post
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      Quote Originally Posted by saifullah111     
      we all know the fact of money management that is if we have made verey good plan for our trading account then we can make good things for us that is we can make good profit we always
      We all Know but we seldom Implement !

      Thats what i m stressing and wanna show that i have to adhre to it
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      As we know that money management and risk management both are very important in forex we need a very good trading plan in forex which will help us to do trade safely in forex but I not like to do news trading because it could be tricky sometime I focus much on technical analysis


    7. The Following User Says Thank You to Hukam For This Useful Post:

      taxman (04-19-2014)

    8. #5 Collapse Post
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      i didnt forget your previous performance. i think you will try to continue that again in this semi final stage. hope you will do best and best of luck for you dear. i think money management is really so much important and new trading is also good for the traders.


    9. The Following User Says Thank You to kiing For This Useful Post:

      taxman (04-19-2014)

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      great to know that u are professional ...so ur fundamentals will be good enough to win this contest...knowledge always pay to u...u made almost 35% of the amount gave to u in this contest that is really a big amount in just 4 days but last stage ur competition was little easier ...and this time it is more easier as there is only one competitor
      wishing u best of luck and thanks for sharing ur stratergies


    11. The Following User Says Thank You to rythmvarun For This Useful Post:

      taxman (04-19-2014)

    12. #7 Collapse Post
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      Quote Originally Posted by taxman     
      I some times wanna follow this Indicator which was created by Nikitabelle in my trades
      Yes mate this is the real indicator that i also had used you know that.

      Your group is the easiest group mate.

      So try your best to beat your one and only contender.

      Congratulation for semi final round and best of luck for next final round.
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    13. The Following User Says Thank You to nasimuddin For This Useful Post:

      taxman (04-19-2014)

    14. #8 Collapse Post
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      Best of luck Bro :-)


    15. #9 Collapse Post
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      Opened 5 Trades

      1) Buy AUDUSD 10 LOT @ 0.9330
      2) Sell USDJPY 10 LOT @ 102.55
      3) BUY GBPUSD 10 LOT @ 1.6788
      4) Sell GOLD 0.05 LOT @ 1299.72
      5) Sell EURJPY 10 LOT @141.72

      Reasons

      1) Australian Dollar Specs are Net Long for First Time in 2 Years - AU ha fallen so much last week and it time to reversal

      Support & Resistance Levels

      S1: .9307 M R3: .9412 M
      S2: .9264 M R2: .9389 M
      S3: .9205 S R1: .9362 M


      2) A strong wave of domestic economic data drove the lion’s share of British Pound gains, and indeed Sterling strength coincided with a big improvement in UK bond yields. The British Pound was the only major currency to strengthen against the US Dollar in a holiday-shortened week of trading.

      3) n 5) Bank of Japan (BoJ) remains upbeat on the economy, Japanese Inflation Picking Up

      4) Strong performance in US equity markets with all three major stock indices closing higher by 1-1.7% on the week and hence gold need to be reversed

      ---------- Post added at 07:47 PM ---------- Previous post was at 03:06 AM ----------

      As there are no major moves i have entered in to total 19 trades .. Closed 15 Trades with Profit of 1598.01 $

      I have mostly done scalping as i have been entering at least or high rates during the day and ensuring i make profit overall

      I have 4 open orders and my partner is yet to take guard... so i gues i can sleep well for the day
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    16. The Following User Says Thank You to taxman For This Useful Post:

      nasimuddin (04-21-2014)

    17. #10 Collapse Post
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      Out of 18 trader got profit in 15 trade...???

      That is awesome job mate.

      Market is super slow in some currency pair and you got super profit.

      Best trading day it was to you i think.

      Hope next day will be more profitable to you.
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    18. The Following User Says Thank You to nasimuddin For This Useful Post:

      taxman (04-21-2014)

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