eur/usd 1.3205 ? sell? now is 1.3207. do u mind explain
eur/usd 1.3205 ? sell? now is 1.3207. do u mind explain
Guys, Come on...
Everybody should know that you can't just EXPLAIN forex. By asking FMM to do this over and over you're just beeing a nuissance. I'm really fed up with your posts: "Explain please" littering this thread. You need to practice. That's the only way.
I suggest you read "Trading in The Zone" by Mark Douglas and learn it by heart.
haha, i was wonder im i the wrong lolx
Hi guys, nice to see newbies like us sharing what to do best with FMM signals.
The lesson I learnt much from this:
1. Yes, absolutely, patient is virtue either for orders, open and closing trades.
2 No trade better then loosing trade. Sometimes, it doesn't touch the retracement level veeery close gap and push me to rush into market unnecessary...don't!
3. Do not greedy. I actually targetting TP to 20-30 (RR 1:1) pips each pair if don't have time to monitor all time. So I choose 5 pairs to chase 100 pips daily.
My winning ratio is not so great with pending orders anyway, yet still profitable, so I will happy to hear some advices for people like me who don't have time in front of screen whole time![]()
I an not FMM.In my understanding, the TP levels are in a reasonable area. Did you checked the Medium term TP levels on your chart? I bet, You and others never checked the levels. Look some charts.
Let's take a uptrend signal: They are resistant levels. For TP 1 It's an immediate resistant level. When price hit the resistant level, it will pull back a bit. So this area is for a short term sell area. Take 10-25 pips. Again Price will go to TP2 and this area is for second...... So on..
Hey.. Man, It's easier said than done.
FMM should block me from this thread because I exposed his strategies....
Again for new members on this thread:
Every day new members coming here. They don't have the patience to read the entire thread and they asking for a easier way to learn. Everything explained here in a very simple English.
Invest some TIME to learn. Just think you are going to take a PG degree in Forex trading. Learn everything as far as you can. Trade in a Demo account. Then fund to your broker. Trade what you see.
Good luck.
Limited time frame my friend...Just lost my job with the savings to last me one year, maybe one and a half, small kids, wife, you know the works...In this economy...Forget about it, lol!
Thank you much, when I learn more from you guys I hope I will be of use to the next guy that needs help going into trading currencies...![]()
Once I get "basing," or consolidation, down I'll write up a legible document that FMM should post on the first page. But I pretty much get it.
Short Term Strategy - SL is 30 pips TP is 10-25. I'll take 10 all day. These signals could be used as resting orders. That's how I use them. Beware of news. Once I stopped placing orders on pairs that had news that day I noticed an improvement in profit. That's only because I use resting orders.
Hi there,
If someone can help with the signals, please? when it says buy at.... and then at....and so on . does it mean to open another position at that price and then sell at that price. so for instance usd/chf buy first position at 0.9060/65 and then sell it at 0.9120/25 and every set corresponds with the other one in line? what would be the S/L for that line for instance?
and when do FMM posts it's signals what sort of time? cause i'm based in the UK
Thanks for anyone that can give me an answer.