Forex Buy & Sell Trading Signals

[lontongcorp]

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.

Hey goodpunk, what is your winning ratios (for orders) if you please?
I'm thinking about "safe heaven" scalping

[lontongcorp]

Quick reports from me, EUR/USD just stopped at 1.3250, buying at 1.3200
Open 2 positions, 1st PT @ 1.3225 so got 75 pips today & another 25 pips for USD/CHF (.9100 to .9075, still chasing TP2 .9050).

Enough for today

Cheers

[goodpunk6]

In my new micro account I'm doing pretty well. For example, I've had 5 winners to my one loser. I'll take 20 pips! All in EU and UC. This is just from yesterday. I only submitted the first two buys and sells of 2 pairs. After tonights signals I'm going to start submitting all orders for every pair. We'll see.

[daedalus311]

Hello fellow traders,

My trading partner and I have been studyin the markets for almost a year now. Taking our time, being patient, practicing and figuring out what strategies work best for us individually. FMM, I must thank you graciously for your daily input.

I've been practicing them for a while and I noticed a very high success rate. In the past 7 days using a $3000 account I've made 20% or $600. And my strategy is simple: I input my limit orders before bed, wake up, and watch the markets sporadically. I realize this goes against your strategy, FMM, but its very high probability in making pips. I also watch the markets sporadically in the morning, re-entering or reversing or exiting based on another strategy I use. Out of roughly 40 trades I've had 3 losers. The largest loss was 30 pips, admittedly large but I made 150 pips that day. I wasn't worried.

I only use 2 hour candle-sticks as well, but I might be switching to 60 min or 30 min in the near future to perfect my exit strategy, but right now I'm comfortable.

Some day soon when I have enough time to sit and awtch the markets I'm going to start heavily practicing the midterm strategies. We'll see.

I see you, FMM, use what appears to be custom indicators (or perhaps a typical indicator) for devising the retracement areas. Do you use fibonnacci levels to figure out these retracement zones?

Could you enlighten us how you figure out these zones? It'd be greatly appreciated. Thank you warmly, FMM.

[konan]

Hello fellow traders,

My trading partner and I have been studyin the markets for almost a year now. Taking our time, being patient, practicing and figuring out what strategies work best for us individually. FMM, I must thank you graciously for your daily input.

I've been practicing them for a while and I noticed a very high success rate. In the past 7 days using a $3000 account I've made 20% or $600. And my strategy is simple: I input my limit orders before bed, wake up, and watch the markets sporadically. I realize this goes against your strategy, FMM, but its very high probability in making pips. I also watch the markets sporadically in the morning, re-entering or reversing or exiting based on another strategy I use. Out of roughly 40 trades I've had 3 losers. The largest loss was 30 pips, admittedly large but I made 150 pips that day. I wasn't worried.

I only use 2 hour candle-sticks as well, but I might be switching to 60 min or 30 min in the near future to perfect my exit strategy, but right now I'm comfortable.

Some day soon when I have enough time to sit and awtch the markets I'm going to start heavily practicing the midterm strategies. We'll see.

I see you, FMM, use what appears to be custom indicators (or perhaps a typical indicator) for devising the retracement areas. Do you use fibonnacci levels to figure out these retracement zones?

Could you enlighten us how you figure out these zones? It'd be greatly appreciated. Thank you warmly, FMM.

Hi,

This all sounds awesome! Could You maybe, post a video on youtube how you do it??
Thanks!

[robert211]

In my new micro account I'm doing pretty well. For example, I've had 5 winners to my one loser. I'll take 20 pips! All in EU and UC. This is just from yesterday. I only submitted the first two buys and sells of 2 pairs. After tonights signals I'm going to start submitting all orders for every pair. We'll see.

HI THERE,
thanks for your reply about the time, that will suit me, about 1100 GMT so i was right about my posting, i just want to understand if it's what i need to do regarding the signals, do i have to open 3 position and then put the T/P to whatever is set to in the coloum of sell at?

[daedalus311]

Hi,

This all sounds awesome! Could You maybe, post a video on youtube how you do it??
Thanks!

I don't do youtube, unfortunately.

Here's literally what I do: FMM puts up numbers...


Usd/Chf Buy at 0.9060/65 then 0.9050/55 then 0.9025/30, sell at 0.9120/25 then 0.9135/40 then 0.9155/60



I put in a limit sell at .9120 and a limit buy at .9065. Say the price is within 20 pips or so of the first sell limit, like last night I believe the GBPUSD was very close to the first sell limit..I'll then put in a second sell limit at .9135.

I go to bed. I wake up, and booom, I'm up XX amount of pips, almost always. SOmetimes I'll be down 5 pips or so, but the price WILL come around.

Also, my second strategy is using a double candistick formation on the 2 hour bar. If you get two bars with long tails, the price is likely going to reverse, or at the very worst consolidate (I guess sometimes it'll fake out and continue going in teh same direction as it was moving, but its very rare, especially on a 2 hour bar). That's when I exit, or reverse, or even enter if no trades have been made on that currency.

[daedalus311]

And we wonder why FMM gets pissed at these types of posts... because it goes AGAINST HIS STRATEGY! People, he is on this thread as a Godsend, giving us excellent reliable signals, with and exact strategy. If you want to make changes to his system, start a new thread! Honestly daedalus311 we are here for FMM, and to learn from him, stop posting your own strategy crap. There I'm done

Call it what you want, but making pips is the goal. If I wanted to sit in front of my monitor all morning -early early morning -with the same results I'd ...I guess I'd be wasting a lot of my time.

Also, I'm here to offer something, rather than take away. You c an take 10-30 pips on the short term strategy if you like,yet if you have other inidications sayin' stay in longer, or get out, then why not use them. A lot of these people, anyway, haven't been trading very long, it seems. That's why you read "PRACTICE PRACTICE PRACTICE" for 'assistance suggestions' more often than not.

[daedalus311]

Touche, touche.

My post went both ways. I put in limits, and go to bed and wake up to basically free money. Doesnt get any easier than that, really. The exits, yeah, take 10-30 pips. Still, you need some kind of indication, or else you'll get greedy and go for 30 everytime. Then, 40. Then 50. And you start losing potential pips.

[konan]

@daedalus311

thank You!