Create wealth with my GBP/USD & EUR/USD signals! No losses. FREE for now...

[ProfitwalaPlus]

Hi ProfitwalaPlus,

Thank you.

I cannot explicity tell you how to find me, as this would be deemed as soliciting by Babypips and that is not allowed on these forum pages. Instead, I can suggest that you either read previous entries in this thread to give you clues as to how to find my live trading signals. Alternatively, ask on e of the forum members or perhaps use google

Best wishes,

ProsperityFXPro

Sure Mike,
Will try to read the forum from the start to find how to get your trading signals.
Once again congrats ....

[ProfitwalaPlus]

I can help with that it's @prosperityfxpro

Thanks a lot friend.....
Can you pls advice how to get Mike's trading impulse signals.... He asked me to contact some of the forum members as he cannot disclose it here in the forum....
I dnt want to miss his trading signals.... Do I need to open an account in ZuluTrade....
Pls advice....

[roberthadiputra]

Yes Learningfast, Impulse Trades are my own invention. I also appreciate what you are saying and I encourage you and every trader out there to develop their own trading methodology. As I pointed out in my very first post, I am focusing on trading for now but may consider taking on students in the future.

Best wishes,

PFXP

I'll be your student PFXP Can't wait for it... maybe u have to make e-book + video about your system

Robert.

[ProsperityFXPro]

My thoughts.

GBP/USD is still technically in a bear trend from last week. This morning it could either provide us with short entries by rising higher FIRST (1.5870, 1.5885 & 1.5921 would all be good levels)before dropping, OR it could also drop down to 1.5800ish and provide us with a true technical reversal and bull trend commencement.

EUR/USD: From what I can see there was a likely long impulse yesterday at 1.3186 at 12:05gmt and secondary impulse at 1.3188 at 12:15gmt. Being away at this time I missed them totally and attempted to reenter at a later stage. The fact that these latter trades did not work out tells me one of two things: GU has a fair way to drop 1st before giving long impulses and is putting bearish pressure on the euro, OR the bull trend in the euro will be a weak one, create a reversal later this week and both pairs will become strongly bearish simultaneously once more. PRICE ACTION will determine what happens - we cannot predict it. Furthermore, I am strongly agains using the word 'predict' in trading - it can cement your mindset into locking-on to a bull/bear trend, and consequently you may be blind to what the market is actually doing in realtime. Do not predict, SEE what the market WILL do by SEEING what it is doing NOW. Does this make sense to you?

All the best,

PfxP


NB. IMPORTANT UPDATE PLEASE READ


There is 1 more possibility that would class eur/usd as still technically being short - in fact, although I mention this last IT MAY WELL BE what is actually going on. Without too much complication we will trade what we see and take each impulse as it arrives.

[ProsperityFXPro]

We need to wait for EUR/USD and GBP/USD to retrace before entering short trades on both currencies.

[ProfitwalaPlus]

Hello Sir,
Yes we are all waiting for a good entry point now.... Yday I was short Gbpusd at 1.5791 but it went up so i had took the loss of 70 pips. Big loss..... And now it is at the profit zone..... Feeling so distress and unlucky .... Because of this I didn't enter any short on these EU and GU pairs today.....

[AtaArticles]

Well, i was short on EUR/USD yesterday and it was in the negative. I didn't close it at a loss but waited until today when EUR/USD was in a bear trend. Profit over 50 pips.

[ProsperityFXPro]

Well, i was short on EUR/USD yesterday and it was in the negative. I didn't close it at a loss but waited until today when EUR/USD was in a bear trend. Profit over 50 pips.

Well done Ata. Just be sure to use stops in your trading if you don't want to risk large losses and drawdown.

[fxpagaila]

Hi, Mike. I am new here. I've read all previous posts, and I can say you are very smart trader, using very high RR so you don't have to be right most of the time. Me too (in my trading) use high RR (like 1:3 or 1:4), but not as high as you. So i will be following you closely, and look forward to learn from you and the other guys here.

Mike, I hope you don't mind to answers some of my doubts below:
1. On timeframe, what TF do you primarily use for entry trigger (I am a bit confused because sometimes you attached M15, H1 charts, and even mentioned M5 entry? Do you trade off the key levels (such as R/S, Sh/l), if yes on what TF do you define such levels?
2. How many strategies do you use for your signals?
3. What is your money management rules?

Thanks so much.

[ProsperityFXPro]

Hi, Mike. I am new here. I've read all previous posts, and I can say you are very smart trader, using very high RR so you don't have to be right most of the time. Me too (in my trading) use high RR (like 1:3 or 1:4), but not as high as you. So i will be following you closely, and look forward to learn from you and the other guys here.

Mike, I hope you don't mind to answers some of my doubts below:
1. On timeframe, what TF do you primarily use for entry trigger (I am a bit confused because sometimes you attached M15, H1 charts, and even mentioned M5 entry? Do you trade off the key levels (such as R/S, Sh/l), if yes on what TF do you define such levels?
2. How many strategies do you use for your signals?
3. What is your money management rules?

Thanks so much.

Dear FXPAGAILA,

Thanks for joining me and my trading group.

In answer to your questions:
1. My entry triggers are as follows: Primary entries = 5 minute / Secondary&Tertiary entries = 15 minute. I do not use the key levels that you mention.
2. I have one strategy with 2 dominant setup formats. I apply these to all timeframes 1hr+ to get my entry levels.
3. Money management is very personal. I would not recommend you listen to anybody regarding this but instead use what you are comfortable with and what works for you.
All I can say is that when there is no doubt in my mind as to trade direction and I get a precise entry following my strict system criteria, I generally go in with a medium size position and then add at reentry opportunities with smaller positions. Just like last Thursday/Fri every single impulse my system gave me worked out and trading in this way enabled me to increase my account equity by 50% in about 24 hours.

Wishing you all the best in your trading endeavours,

Mike / Prosperityfxpro