smtrader's New Year Contest Journal
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  1. #1
    Trader erox's Avatar
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    smtrader's New Year Contest Journal

    My CopyFx account details :


    Type of CopyFx account ,,,,,,,, Trader

    Name of CopyFx Trader ,,,,,,,, sntrader

    Account number ,,,,,,,, 5189916

    Account type ,,,,,,,, CopyFx MT4 Pro-cent

    Account currency ,,,,,,,, USD

    Leverage ,,,,,,,, 1 : 1000

    Investor Password ,,,,,,,, iamtrader11





    MY TRADING :

    (Support and resistence)


    I mostly trade on support and resistence levels


    first I draw support and resistence levels on my chart using trend line or Fibonacci retracement on higher
    time frame H1 or H4 chart.

    USDJPYH1.png


    After that I wait for a best entry point

    AUDUSDH4.png

    whenever market touch resistence level I wait for a confirmation and if I get
    then I place my sell order over there
    and whenever market touch support level and if I get confirmation then I place my buy order and I set my Take profit
    and Stop Loss depending on my account balince.

    GOLDH1.png


    MY TRADING INSTRUMENTS

    AUDUSD
    EURUSD
    GBPUSD
    GBPJPY
    USDJPY
    USDZAR
    GOLD



    INDICATORS

    1)Stochastic

    I use stochastic with 50 level if market cross 50 level line above that means its buy entry for me and if market go below to
    50 level line then it will be a sell entry.

    Screenshot_1.jpg


    2)Moving Average


    I use tow simple moving average indicators with 14 and 24 periods simply whenever 14MA cross 24MA in above direction that
    means its time to buy now and if 14 moving average cross 24 moving average in down side that means its sell entry.

    Screenshot_2.jpg


    3)Ichimoku


    I use ichimoku for confirmation of trend it give me the direction of the market in choppy market when there is
    nothing heppening in the market
    whenever senkou span(A) come up side that means its selling trend and whenever senkou span(B) come up side that
    means it buying trend,
    simply whenever the cloud come above the market price that means its sell trend and whenever cloud go below the market price
    that means its buy trend...
    EURUSDH1.jpg

    Comment moderator

    1. ContestFX
    2. Strategy confirmed

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    Last edited by ContestFX; 11-14-2016 at 11:25 AM.

  2. #2
    Trader erox's Avatar
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    (Stochastic) give me a buy entry at 1.24300


    GBPUSDH12.jpg


    now i have short gbpusd at 1.24300 buy with 10

    take profit 1.25110
    stop loss 1.23980

    Screenshot_1.jpg



    - - - Updated - - -

    wow my target gbpusd 1.25110 is achived now

    Screenshot_2.jpg

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    Last edited by erox; 11-15-2016 at 10:56 PM.

  3. #3
    Trader erox's Avatar
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    on eurusd (stochastic) give me a sell signal at 1.07181

    Screenshot_1.jpg


    now i have sell eurusd with 1 lot

    open price......1.07181
    take profit......1.06307
    stop loss........1.07588

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  4. #4
    Trader erox's Avatar
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    i have closed my eurusd position due to a strong support at 1.07000
    Screenshot_1.jpg

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    Last edited by erox; 11-16-2016 at 04:16 PM.

  5. #5
    Trader erox's Avatar
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    i have open trade on gbpjpy at 136.200 with 2lots

    position : buy
    price : 136.200
    take profit : 136.648
    stop loss : 135.906

    Screenshot_1.jpg

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  6. #6
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    Quote Originally Posted by smtrader View Post
    i have open trade on gbpjpy at 136.200 with 2lots

    position : buy
    price : 136.200
    take profit : 136.648
    stop loss : 135.906

    Screenshot_1.jpg
    you set the stop loss too near i think but it is fine as long you think this trade will work out. All traders got their own free of freedom to choose after all. But as for my view, you might just hit the stop loss rather fast before any conclusion can be seen first. And it might be better to stretch the stop loss further.

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  7. #7
    Trader erox's Avatar
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    thanks for the suggestion i will stretch it to further .

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  8. #8
    Trader erox's Avatar
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    My target on GBPJPY buy is now achieved

    Screenshot_1.jpg

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  9. #9
    Trader erox's Avatar
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    today my trading:

    EURUSD sell with 10(micro lots) profit (940)
    GBPJPY buy with 10 (micro lots) profit (199.62)

    Screenshot_1.jpg

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  10. #10
    Trader erox's Avatar
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    today i am not trading

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