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  1. #1
    Rookie kagho's Avatar
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    STRESS FREE TRADING

    yes this strategy is just like i said(stress free) for you do not need either a stop loss or a take profit.you dont need to constantly watch the market for trading signal or the direction of the trend.

    WHAT DO YOU NEED
    common sense
    a lot of patience
    you need to trade a currency ie. USD , EUR, etc.why am i saying this this is because pairs eg eur/usd dont trade or move on their own thier movements is determined by the action of the euro or the usd, it usd is stronger then eur/usd will sell and the opposite for euro

    THE BASICS
    say you analyze the market and see that the usd is strong.so traditionally you will sell the eur/usd and place your stop loss and the take profit then wait for either one to be hit.if you were right you get your profits but before you do you have decided that you are ready to lose the risk ie stop loss in an attempt to make the profit.

    WHAT I WOULD DO
    if i see that the usd is strong and the eur is weak, i would also look at other correlated pair like the gbp/usd and then arrange them in the order of the strongest to the weakest and say i find that we start with usd as the strongest then gbp and eur as the weakest,so i would trade the usd currency
    i will sell eur/usd for i expect it to sell more than gbp/usd.but because we are never too sure of our trades and nothing is a guarantee in forex then i have to put a safety measure on the trade and because i expect the gbp/usd pair to also sell as they are positively correlated i dont sell it too but i make it be my safety line so i take the opposite trade on it.and that will be a buy position

    WHY YOU ASK
    if the trade goes as i had analyzed then this will mean that eur/usd sell will be in profit as the usd was strong and the eur was weak.but gbp/usd would be in a loss as the usd was still strong ang gbp was weaker but not as weak as the eur so this means that the profit will be more in eur/usd than the loss in gbp/usd.so overall i will be in profit.
    the purpose of the counter trade is to caution you against losses
    what if i was wrong then the eur/usd would be in a loss but the gbp/usd would be in profit this means i may be in profit and if it is a loss then it is a small loss so what i will do i just hold on till when the results are good and close both of them
    WEAKNESSES
    so far so good the only weakness is that some trades my take up to a week before they get to where yuo want to close them out
    some times the profit is not much but it is still a profit
    there is never a sure way of telling the strongest and the weakest currency but you can start off at looking at all the usd,eur etc pairs then the one with the most buy positions is the strongest and the opposite is true for sell

    lastly i dont think that posting even charts is as important for we are not trading any parttern or resistance or support, but i will keep you up dated on the trades that i take from now on.hope we move along perfectly

    CONCLUSION
    all criticizers ,newbie and pro traders are welcome for a healthy contribution
    this is just a guide and even if i had a million pages i cannot talk about it all so it is up to you to test it out and find out if it is working out for you .

    thanks to all

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  2. #11
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    I think that the good thinking of the trading ideas can help us to be able to find more details about the market at teh different times . so the trading may be so easy when we apply the trading plans we have regarding the changements of the market step by step

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  3. #12
    Rookie kagho's Avatar
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    Quote Originally Posted by andry777 View Post
    So basically, you're hedging with 2 pairs right? Would you please explain us more about your consideration to sell EUR/USD and buy GBP/USD (in your first statement) or vice versa.
    yes this is a hedging strategy the only difference with other hedging strategies is that with this strategy you have a counter trade on a different pair with the same currency that you intend to pick but on a different opposite direction.so my thinking is like this if am right then my initial trade will go so many pips in my favor but the counter trade will not go so much against me so i will still make a profit and if am wrong the initial trade will go against me but the counter trade will be in profit so i just have to wait till the trade counsel each other then i exit the trade (a lot of patience is needed here)

    about determining the strength it takes a lot of experience but if you are new in trading there is an indicator called currency strength meter you may just use it.
    if you have any questions fell free to ask

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  4. #13
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    I think that it is a very good and smart way to use the market news and all types of analyzing in your trade . so it will be very good and comfortable . so all of us has to apply them step by step . then we have to wait until our target be hit not go quieckly with a few pips of profit .

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  5. #14
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    Quote Originally Posted by hosny55 View Post
    I think that it is a very good and smart way to use the market news and all types of analyzing in your trade . so it will be very good and comfortable . so all of us has to apply them step by step . then we have to wait until our target be hit not go quieckly with a few pips of profit .
    You are so kin with your news trading idea, but do not forget that not all forex traders likes it. I am personally not interested in the news trading, but I am trying to confirm my trading deals with it at times. And I think that traders should be very careful of their trading deals, they should try to follow the rules of the thread starter for healthy trading.

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  6. #15
    Rookie kagho's Avatar
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    Quote Originally Posted by cozard007 View Post
    You are so kin with your news trading idea, but do not forget that not all forex traders likes it. I am personally not interested in the news trading, but I am trying to confirm my trading deals with it at times. And I think that traders should be very careful of their trading deals, they should try to follow the rules of the thread starter for healthy trading.
    well this trading strategy does not care whether there is news or no news infarct the best thing is that when news come out and it affects the pairs that you are in that is the best part with it as the volatility will give you more money in your trades

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  7. #16
    Rookie kagho's Avatar
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    Quote Originally Posted by kagho View Post
    i have a uer/nzd buy and eur/uad
    finally after a week of waiting this two trades have made it to profits they first pulled against me to a total of 400 pips but now they are both in profits and a total of 150 pips waiting to close them both at the right time(patience and risk managment is the key factor in forex)

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    Rookie kagho's Avatar
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    Quote Originally Posted by kagho View Post
    finally after a week of waiting this two trades have made it to profits they first pulled against me to a total of 400 pips but now they are both in profits and a total of 150 pips waiting to close them both at the right time(patience and risk managment is the key factor in forex)
    i always tell traders that forex trading is about adding the small profits in the market but we gladly do take the big ones when they do come our way. applied for a withdrawal today out of the profits made so far in my trading .if any one has a question about this style they may ask

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  9. #18
    Rookie kagho's Avatar
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    this thread was just as a giude to all those traders that dont seam to make it in their trading so that they may look the other way in their trading rules and systems and this does not mean that every body that trades this strategy will necessarily make profits in their results, for trading is more of the mind frame than the system used. so i dont see the necessity of posting trading results here as they are already a past event and the best thing is if you have not understood anything please ask as am ever here for you.thanks

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  10. #19
    Rookie kagho's Avatar
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    hi i have just closed an aud/yen with 102 pips and aud/usd with 58 pips this trades were taken yesterday night and as i opened the trading platform now i have found them both in profits and closed them out as i still need to look for another trade will update you on the progress

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  11. #20
    Registered user Hukam's Avatar
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    Quote Originally Posted by kagho View Post
    hi i have just closed an aud/yen with 102 pips and aud/usd with 58 pips this trades were taken yesterday night and as i opened the trading platform now i have found them both in profits and closed them out as i still need to look for another trade will update you on the progress
    Nice khago mate, Aud Usd still bearish and going more down, so which kind of trading strategy mostly you use to enter and exit? It will be better if you willl describe that with the help of charts, you can attach screenshots of your winning trades too in this thread, Robo forex is a great opportunity to learn from each other. I will wait for you update and if you will put any more trades in your trading account then you can post them here too in this forum or in this thread.

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