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Why did I close long position on EUR/USD pair. Hello guys.I got many messages where people asked me about the reason of closing my long position on EUR/USD pair. For all of those who haven't followed this trade,so I took long at 1,34860 and close it at 1,36320.The reason is the end of cycle, you can see it clearly, where the Fibo hit the 208 level. It that simple and you see that I was right. Thanks for congrats who copied my entries. 1460p is not bad at all, right?
Confirmation of the trade location When entering to trade (especially when placing more than one order) you got to be sure on the trade location, even more on confirmation of this opportunity. You know, trading is the game of waiting the chance.Therefore, only if I see the confirmation I allow myself to take more than one position.Here, in today's trade on EUR / CHF, the level 1.2280 provided strong support not only once. When it did it second time it was enough for me to enter long taking 4 position http://i.imgur.com/P1DYnmA.png
1 hour trade has made more then 800 p. Hi all, it wasn't too hard.If you see the level of 130.157 that provided strong resistance for about a week or so. So, when it was broken, I didn't look for up trend continuation due to the situation on the higher time-frame (see daily/weekly charts).I just waited for the tricks and they showed up very soon.Means, the crowd was forced to enter into long position and then everything turned out opposite which added more fuel for smart money:). Result, 800p in just 1 hour of trading, what can be better than that. Congrats all followers!!! http://i.imgur.com/IY3kLLE.jpg
USDCHF 06.10.13 long after sell-off. Hello all.As you could see here, for entering into long position I had to wait in till the price hit this area (Area of support...). For me, this is the rule when I take counter trend positions.It works perfectly near important levels on daily charts, yet remember you got to be quick in taking profits.The downtrend is very strong here, so the position was closed for profits, when I released the situation. Thanks again for following.(Long on USDCHF 06.10.13) http://i.imgur.com/jbl8zBl.png
Double Top strategy that I use Hi everybody.Thanks for comments. Again, as I told you, there is no fear when you enter into trade at the spot where the others might have different point of view. Take a look I shorted this pair where many others hoped for the uptrend to continue.But, you have to be very careful when you play in opposite side. Usually these trades are short-lived.In short, hope for quick profits, don't wait to long if you became green. Or, just copy my trades and learn my strategies. http://i.imgur.com/Aqkd2gz.png
FxReplitrader is Offering Partnership Opportunities for Signal Providers
FxReplitrader offers an opportunity for reputable signal providers to receive generous commissions from every profitable trade of every client, using trading strategies and/or expert advisors of a signal provider. Commissions are paid for both live and demo trades. If you are an experienced trader, funds manager or analyst and have your own trading strategies, you can offer them to other traders through FxReplitrader.
FxReplitrader is a unique automatic trading system that lets traders receive daily signals from traders and signals providers from around the world for free.
FxReplitrader incorporates signals into its trading system, fully compatible with Metatrader 4, letting other, more experienced traders direct your trades. For more information please visit http://www.fxreplitrader.com/ and fill out the form at http://www.fxreplitrader.com/page/intro/signal-providers/