ProFx 7 - Day Trade Discussion

July 2020 Results

Gain: +31.7%
Pips: 663





All trades are based on the ProFx 7 trading system (short term setups).

Performance does not get better when you post it twice.

Hi vaselinegreat.

The trades are copied from my personal account to the published demo. It's because I do not feel comfortable sharing account credentials.

DD ...
The account is up 168% plus change in less than 8 weeks and that you can make this kind of performance you have to accept some risk.

But I guess as you just started out, you will learn this soon.

Happy Trading!

1) Those are real trades executed on my account and duplicated on the demo myfxbook account. If you feel comfortable sharing account logins with a service run by russian, go on. I don't.

2) The real account is published on ForexFactory. (same trades, same dd same everything)

3) The account here is published as reference so that 'Experts' like yourself can post smart comments.

4) Thank you for your offer to talk about the effectiveness of my system. I am afraid I have to decline your offer as I don't think you can contribute anything useful.

Last but not least I would like to thank you for pumping the topic up. Very much appreciated!

😄

fillinsalfe posted:
this free 'Ilan' trade (see history trade).

lol

Thank you very much for your contribution. The name of the system is ProFx 7, it is a semi automated price action trading system. Signals are generated by the software but executed manually.

I post all trades here: https://forum.forex21.com/ . Stop by any time. Maybe you can pick up some free pips.

Alexander

Hello Thomas.


As I share every single trade in real time there can be hardly anything suspicious. Here are the results from today's work:





You used the system name to search in the user name database. System name and user name are two different things Thomas. Like apples and bananas or cars and horses.

I am happy to answer questions but please don't make stuff up and then claim that there is something wrong or suspicious.

Thank you!

.Myfxbook account number 53160 belongs to another account that was opened in 2010: https://www.myfxbook.com/members/123extra/fx4u-1686637/53160

And if your account in the screenshot was really opened in March 2020, the Myfxbook account number should have 7 digits, not 6.

I mean 7 digits, not 5.

ThomasVinterberg posted:

 such a user does not exist, which is indicated on your screen shot.

You made up a user name, searched for it and provided proof that the user name you made up a does not exist. Why?

Hi Jimmy.

What is the motivation to make something up 'account opened in March 2020' and then provide an argument what proofs that what you made up is wrong?

1) Nobody ever said that the account was opened in March 2020.
2) The id was 5316008. I guess I removed some part when I removed the bookmarks.

Anyway, really don't see what you can gain from it. It's not like it make you trade better. Perhaps it makes you feel better but if that is the case, you will run in a lot of troubles with your trading.

It's like I take my average daily return from my short term trading....



compare it with your results...



and then make fun of you because you made in 3 months less than I make in average/daily.

I have nothing to gain by making fun about you or making things up about you. So, I just don't and wish you all the best for your trading.

As you trade a MAM, I believe you have your own system in place. In case you need a easy manageable position and money management panel, write me anytime.

Happy Trading!

BillJackson posted:
This user @Forex21 thinks that everyone is fools here, and he is the smartest

No, but I am smart enough to know that there is a difference between account name and myfxbook user name.

BillJackson posted:
FAKE !!! Proven above. such a user with such monitoring does not exist

I must be a very mighty wizard to post my trades in real time, have the results verified by MyFxBook and ForxFactory and fake it all.
Maybe the explanation you are looking for is a lot easier.

What about this one:
THERE IS A DIFFERENCE BETWEEN USER NAME AND ACCOUNT NAME?!

BillJackson posted:
He showed that the author of the topic is showing a fake screen shot and such a user does not exist

No, he made up a story and proved that the story he made up before is wrong. I believe you understand the difference?

https://www.myfxbook.com/members/Forex21/andrew-ic-markets/5316008

this is the link from my bookmarks, I was watching this account back in spring
Andrew withdrew all from there and moved to tickmill, he mentioned it in FB group
what is your problem here folks?

Every single trade from this account (https://www.myfxbook.com/members/Forex21/andrews-suggestions/4660563) was called in real time and I learned a lot by following and sometimes copy trades from them.

Alex posted lots of detailed trade plans for this account (https://www.myfxbook.com/members/Forex21/profx-7-day-trade/6523920) including trade recaps and screenshots. A similar account is published and verified on ForexFactory.

The account from the screenshot was published here on myfxbook, open and fully verified.

The point is, most traders cannot put together 10 normal trades and there are very few who can put together 1000 normal trades. But that does not mean nobody can. Instead of making up BS and then insist that the BS is true is insane. Why not follow his trades in real time and learn something?

Here is how you will look at charts when you use ProFx 7.

1) What is the primary trend?
To answer this question we look at the H4 chart. If we have a clear trend trades will be only taken in the direction of the primary trend.
Simple because when there is an uptrend the sum of rallies will be larger then the sum of declines. Trading against clear trend is not a smart thing to do.

Todays H4 chart showed us that the price is not ready to rollover and we may see more upside.







2) What is the intermediary trend? Where are support and resistance levels?
This information is collected on the M30 chart. ProFx will basically show you everything you need to know. Today's chart showed us that the price tried to go above 1.3085x three times. The attempt to push the price down failed and the price went back up quickly. ProFx showed a fully confirmed signal.







3) Timing the trade on the M1 or M5 chart.
Only minutes before London opened momentum picked up and we went long half size (half size because when such moves fail the price drops quickly because everybody who went long wants to get out as quickly as possible). The price went up, SL from the first trade was moved to break even (one click on the panel) and a second trade was opened (one click). Price went up more and the SL was moved to break even.

When the momentum slowed down the trade was closed bit by bit. The idea was to keep a small part of the position but at some point I lost patience and closed the rest of the position.






This is an example of the short term logic. It can be also used for swing trading (usually one trade/day). There is no magic behind and everybody can do it with same practice and training. I post my trade ideas usually before the market opens and everybody knows my plan beforehand. Trade calls are provided in real time (users only) and stats are verified by third party services.







Happy Trading!
Alexander

Did you also sell, Alex?
I see this long trade from you today
What about this short move from now?

Freddy123 posted:
Did you also sell, Alex?
I see this long trade from you today
What about this short move from now?

Yes, I took the same trade.

Morning work....

1) EURUSD Long....Closed half and then the rest with a a tiny loss.
2) EURUSD Long....Moved Stop to break even when the price started to move up. Took partial profits along the way and finished with a decent amount of pips.





I hope everybody is having a productive morning.
Thank's for playing.

When the price is jumping around like today. How does the system deal with it?

Wolfgang posted:
When the price is jumping around like today. How does the system deal with it?

It depends how you use the system.

Position Trading
When you use it for position trading you will trade on the D1 and H4 chart. That means choppy conditions on lower time frames will not have any effect on your results.

Swing Trading (Trade suggestions as example)
Sometimes you will get stopped out but the damage will be limited. (Positive risk/reward ratio)
Our traditional 'one trade per day' rule prevents larger damage.

Short term trading
On lower time frame charts (M1 and M5) the number of trades is high and it is important to read the clues the market gives us correct. Otherwise paper cut losses will add up quickly. Best practice is to simple not trade when you are not sure what is going on.