What is the first thing after registering in myfxbook?

Trade Idea

Buy Copper two lots at 1.23

SL 1.19
TP1 1.27 (50%)
TP2 1.35 (50%)

Correction Copper value starts with 3 (not 1)

New Trade Idea

Sell Silver two equal lots at 19.75

SL 20.30
TP1 19.20 (50%)
TP2 18.02 (50%)

Cheers

I am new to the site and new trader for forex. I would like to set up an auto trade system. I appreciate any suggestion

@gkung This one is free version called Blessing. https://www.jtatoday.com/blessing.html 😄

Hello Ardit, excuse me, I have been not connected, I have been studying lately, plus I have traded you wonderful suggestion about Copper, it works! how did you studied about this? wonderful and Great!

Thanks Minagre.

My strategies are based on Elliott Wave Principle. I'm glad you did trade Copper. Move stop on B/E and let profits run. After a small correction it will trade much higher.

I'm trading silver, I have have little change in the strategy and I will post it here. if you didn't there still time to jump in.

Silver trade idea update

Short 2/3 at 19.75, add to position at 20.10 (don't risk more than 1% on total).

SL 20.52

TP1 2/3 at 19.20
TP2 1/3 at 17.40

ERU/USD setup

1H Chart Long two equal lots at 1.3600

SL 1.3500
TP1 1.3650
TP2 1.3750

4H Chart Long two equal lots at 1.3600

SL 1.3500
TP1 1.3700
TP2 1.4100

Don't risk more than 1.5% of equity.

Silver trade setup update. I hope someone followed.


First target hit on 2/3 of position for +51.1 pips (including positive price slip)
Closed manually 1/3 of position for +41.7 pips (it's last day of the year and down like fast correction)

EURUSD trade idea still valid unless price makes a new high.


Happy New Year to everyone. Cheers.

Yes, I have got it, at the moment it seems, in LONG on Day graphic

I have lost all my money and dont know how it happened. This happened while trying to learn. I dont even know what system was used.
How do I avoid making the same mistake?

Exited 1H EURUSD setup for average +38.25 pips. Still long on 4H setup.

New setup short USDCHF at 0.9120.

SL 0.9250
TP1 0.8990
TP2 0.8400

Chart on short USDCHF trade idea.


Not only EW is signaling that the current cycle is coming to the end but also big RSI divergence on 1H chart.

hello Ardit,

yes I have seen the set up of USDCHF as well, but still want wait for tomorrow night at 11:00 PM Europa Time at the close of the Dayly D1 candlestick, to confirm the PIN plus, after the Pay Roll non FARM of US Market.

By the way it is always great hear from you.

Greetings

Yes, it still can make another push higher to finish fifth wave then lower. It is possible we will see a false move on NFP then we will head lower. Stop should be safe. I'm short.

The idea about posting trades is not about teaching a specific trading method but about risk management. A system is as good as its risk management.

Exited manually on firs half USDCHF for +95 pips. If the wave count is correct then and the pair makes a new high then I will add again to short position. It’s likely that wave B high has been seen already at 0.9127, which is not bad, I'm short with half position. No change on second target or stop loss for now.

No change on EURUSD setup, lets see if first target hits by the end of the day.


I will continue to post trade setups on the weeks ahead.


Have a nice weekend everyone.

Thank you Ardit, as always you are Great, at the moment I am studying trading, and instead of doing with demo, I am investing / trading with mini lots of amount of 10 cents per PIP, it sounds much better and really worth, something like playing with sandwiches instead of playing with money :)

I'll go back on the graphics to understand better what you are talking about, do you usually fix stop loss and take profits?

Thanks

NiklaasBuekes posted:
I have lost all my money and dont know how it happened. This happened while trying to learn. I dont even know what system was used.
How do I avoid making the same mistake?

Learn with demo accounts in stead of real money. But if you lose without knowing what happened, you probably did not set a StopLoss.

Hello Mirange

It is OK to start trading/learning with real money until the amount you are betting is so small and you can afford to loose. The market is so big that you can't control it, but you have to learn to control your emotions. And, you can't do it by demo virtual chips. Just remember no matter if real account is so little and you can afford to lose it, treat every trade with respect and don't gamble. When you develop a trading style that fits to you and you have enough experience, then you can start to increase your trading capital.


About my trading style, you can learn a lot from trade setups that I posted. Those are the same trades that i took on real account. I don't buy on the market but with entry orders, I like to wait for the market to come to me. Usually I trade in two equal lots. I use hard stop loss and is the same for two lots, firs target is almost always equal to stop loss, if firs target is hit then the trade is free. Trades are made on 1H time frame but second target is on 4H time frame, and always 2x or higher than stop loss.

When the trade gets filled, even though I have stop loss and targets doesn't mean that I do nothing. I monitor the news and wave structures. I can trail SL, add or cover, hedge, etc. If the market does not behave the way I wan't it to, I exit.

My strategy is based on Elliott Wave Theory, Fractials, market sentiment and years of experience. I have a full time job as bankier which helps me not to overtrade. I also trade stocks but not with broker but with a bank. For stocks I don't use any particular technical analysis but my experience about business that I gained on banking sector. I read a lot but I don't follow any advice from anyone, I'm more comfortable with my own decisions.

Hope I could be any help.

Regards:
Ardit H.