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Thread: "My trading during last 3 month"- Hukam

  1. #1
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    "My trading during last 3 month"- Hukam

    Hello Everyone,First of all I am very thankful to robo forex forum admin and moderators that they bring one more excited contest in the forum.
    This is a great contest where we can share our trading strategies, experience and performance with each other. Its great to say that I have taken the part in this wonderful contest.

    Now its time to share "The last 3 months of trading" of mine with all of you. Here I want to tell everyone that how I have made a good profit in my Copy Fx account in last 3 months and what instruments, strategies, planning, I had used within that time frame period. I would also like to share about the fundamental and technical analysis trading that I had done in last 3 months of my trading.

    Introduction: Basically I am a long term trader but have some experience of short trading also and in my copy fx trading account I have done some short trading but now concentrating on long term goal trading again, In last 3 months of trading I had a short term trading goal in my copy fx account. I love to use the technical anlaysis approach in my trading, The use of technical anlaysis give me a very good help to understand the next movement of the market and I am working with it since a long time in forex.

    1. Trading instruments: As we know that we can do trade with so many currency pairs in robo forex broker but I always a few of them, And the major pairs of forex market are enough for me to gain good amount of profit in forex in short term trading. The main reason is that they are related to lower spread, and when I have a short term goal then I never want to do trade with very higher spread based currency pairs. Euro/Usd, Usd/Chf, Euro/Jpy, Euro/Gbp,Usd/Jpy, Usd/Cad these are some of my favorite forex currency pairs.

    2. Startegies: For short term trading strategy I always do work with Moving average 20 Indicator, I use SMA moving average and Support and resistancem trading analysis to confirm my trading signal with double assurance (as shown below in the graph).



    I believe in technical analysis and I know that my trades can rely upon the use of technical analysis. According to me there is nothing best rather than support and resistance anlaysis in forex because I am getting best output from it. If members want to anything about the strategy then they can post their comments in the thread and I would like to help them without any problem and would give my best in their queries.

    3. Planning: My trading planning was to focus on long term lower risk trading in my copy fx account but in the middle of my journey I started to work with short term trading strategy with the risk managememnt of 2 to 5% per trade in euro/Jpy, Usd/Jpy, Euro/Gbp and in some other pairs. Its good to say that my planning works well for me and I made a good amount of money from short term trading.

    4. HIgher Drawdown: In some cases I got the higher drawdown also, and the main cause of it was the higher risk management approach in short term trading, Basically I had an agenda to take the risk of 3 to 5% risk per trade but after some profitable trades I have increased my risk and it increased the size of my drawdown also. But right now I am again working with the lower risk trading system in my copy fx account and working with long term trading goal.



    A breif stoy of my last 3 months of trading:

    1. July 2016: In July 2016 I had made some good profit from my trading strategy and this one was the best one was made around to 53 USD from one single trade. With the risk and reward of more than 1:2. As I have mentioned below in my trading strategy that How I have used the strong support area to buy in my SMA 20 and technical analysis based trading strategy, for the entry point, exit point, timing you can check the mt4 terminal history as shown in the graph below.



    In short term time frame trading I just concentrate on the short term trend and on the support and resistance levels. On more thing the stop loss, as you can see that I had use the stop loss in my trade so I would recommend everyone to use stop loss when they are using any kind of strategy in forex.


    2. August 2016: In august there were no trades open, I just went for the withdrawal from the account.


    3. September 2016: September 2016 was also good for me and made some good amount of profit in my account. I had used the same patterm to earn and had made 5711 USD from that profitable trade. I have enjoyed this much because the stop loss was very less here and the risk and reward was very good. The risk and reward was around to 1:5 in my trade and I had achieved some wonderful performance from this trade.



    Here I have use the same SMA 20 and Technical analysis combination to execute my order in forex market. I think this is a wonderful trading style and trader's should follow this in their business. The stop loss area, trade closed point, entry point, everything can be seen in mt4 terminal history as shown in the graph above.


    Conclusion: So overall in last 3 three months I had made a very good earning from my trades and this is my copy fx account trading result that I had achieved in my last 3 months of trading as shown below in graph.



    Furthermore all trading strategies have some limitations, and without any proper risk management and money management we can't earn the consistent money in forex. It does not matter what we are doing, the risk management and money management should be properly used in trading and this is well known that lower risk trading system is better than higher risk trading so we should concentrate on that too. In last 3 months of my trading I have learned a lot about the value of my management, In last 3 months of my trading short trading was an good experience.

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  2. #21
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    Short term trading strategy can be related to more lower time frames too, in my view short term possible in m5, m15 also but we have to work good trading conditions for it, a good use of trading sessions would be important sir. For the use of M5 and M15 time frame we can do trade in New York session, movement can be seen good in New york session. Along with it we can pay attention on half session of London.

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  3. #22
    Trader Hukam's Avatar
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    Yup mate thanks for your view about this. By the contest is finished now will discuss later some day about this now.

    - - - Updated - - -

    Dheeraj890 in short term time frames I had sud the M15 time frame so you can check with that thanks mate. Have a godo time.

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