Bijoy's Trading Set ups

[kores]

Going out and there will be no trades further today and tomorrow. So closed all open positions.

Closed GBPNZD trade @ 1.8232 for [B]+60[/B] pips

Spring!
seems you’re doing far more better than I first found this thread! feeling the wawes.
have a good and relaxed days.

[fxsrikanth]

On beginning of this month, my balance was $3750.00 and I fixed my risk as 5% for every 50 pips on all the trades, i.e., I was loosing $187.50(5% of $3750.00) for every 50 pips lost and I was earning &187.50 for every 50 pips gained irrespective of the pair.

Here is how my trades worked out in the first half of the month.

Trade 1. Short AUDUSD: Trailing Stop hit: +23 pips : +2.3% return
Trade 2. Short USDCAD: Stop Loss hit: -30 pips: -3% return
Trade 3. Short GBPNZD: Stop Loss hit: -100 pips: -10% return
Trade 4. Sell(Stop)EURGBP: Closed manually: +20 pips: +2% return
Trade 5. Short GBPUSD: Stop Loss Hit : -50 pips: -5% return
Trade 6. Buy(Limit)AUDNZD: Trade was break even: 0 pips: 0% return
Trade 7. Buy(Stop)GBPNZD: Trade not triggered: 0 pips: 0% return
Trade 8. Short EURGBP: Moved Stop Loss hit: -40 pips: -4% return
Trade 9. Buy EURUSD: Stop Loss hit: -60 pips: -6% retrn
Trade 10. Short GBPNZD: Take Profit Hit: +300 pips: +30% return

With the above trades, my balance of $ 3750.00 was increased to $3986.00(approximatly $4000.00) which was 6.3% in return. While starting second half of the month, I refixed my risk as 3% for 50 pips. i.e., I was loosing $120.00(3% of $4000.00) for every 50 pips lost and I was earning &120.00 for every 50 pips gained.
Here is how my trades worked out in the second half of the month.

Trade 11. Short AUDUSD: Trade was break even: 0 pips: 0% return
Trade 12. Long EURNZD: Moved Stop loss hit : +100 pips : +6% return
Trade 13. Long GBPNZD: Hit SL: -100 pips : -6% return
Trade 14. Short NZDUSD: Closed manually : +125 pips : +7.5% return
Trade 15. Long GBPAUD: Stop Loss hit: -100 pips: -6% return
Trade 16. Long GBPUSD: Stop Loss hit : -150 pips: -9% return
Trade 17. Long AUDJPY: Moved Stop loss hit : +75 pips : +4.5% return
Trade 18. Long EURUSD: Closed manually : +95 pips : +5.7% return
Trade 19. Long NZDUSD: Hit SL : -35 pips : -2.1% return
Trade 20. Long EURCAD: Moved Stop loss hit : +150 pips : +9% return
Trade 21: Long EURCHF: Closed manually : +60 pips : +3.6% return
Trade 22: Long EURUSD: Closed manually : +35 pips : +2.1% return
Trade 23: Short EURUSD: Moved Stop loss hit : +25 pips : +1.5% return
Trade 24: Short GBPNZD: Stop Loss hit: -150 pips: -9% return
Trdae 25: Short GBPNZD: Closed Manually: +60 pips: +3.6% return
Trade 26: Long AUDJPY: Take Profit hit: +100 pips: +6% return
Trade 27: Short USDCAD: Closed Manually: +15 pips: +0.9% return

With the above trades, my balance of $ 3986.00 was increased to $4718.00. There was an increase of 18.6% in amount.

This month was pretty nice in return as my opening balance of [B]$ 3750.00[/B] increased to [B]$ 4718.00[/B]

Monthly gain is [B]+368[/B] pips and return is [B]+25.81%[/B]

I think the results are satisfactory and please post your comments.

Thanks to all

[B]BIJOY[/B]

congrats my buddy…this is great…u have proven once again that a disciplined trader with perfect plan and with perfect money management …win always .

[fxsrikanth]

Friends,

Here is a question !

From the very first post of this thread, you all are aware that this thread was started and commenced trading in October 2012 with an initial balance of [B]$3035.00[/B]

Now after 5 months initial balance of [B]$3035.00[/B] is increased to [B]$4718.00.[/B]

Increase is [B]+55.45%[/B]. This comes an average return of [B]+11%[/B] per month without compounding.

So, How you analyse my performance ?

Is it poor, average or Good ???

once again congrats…ur performance is good and wishing u all the best for ur new thread (coming soon guys…:7::27:)

[dubadat]

Hello Bijoy,

Congratulations. As usual your trades are awesome. Your reasoning on the basis of which you enter trades is sound

Keep it up mate

DD

[cku]

Gentlemen setup are u wating out for during this weekend and what is the the basis of ur analysis before u short or long
i need charts pls

[bennyb123]

It ok that’s very ok
please i would like more updates of ur trade
but most importantly
detailed explanation of ur strategy and charts to back it up
(I have sent u several request concerning that you have not responded)

I’m sorry everybody but cku you really annoy me. If he hasn’t responded then it is because hi is BUSY or that you are RUDE, you should fo your own research to a cetain degree and not just expect others to do it for you. Bijoy spends plenty of time posting already, I honestly don’t know what else you expect?!?!?

[cku]

I’m sorry everybody but cku you really annoy me. If he hasn’t responded then it is because hi is BUSY or that you are RUDE, you should fo your own research to a cetain degree and not just expect others to do it for you. Bijoy spends plenty of time posting already, I honestly don’t know what else you expect?!?!?

If an annoying then piss off
First and foremost i was not dealing with you so mind your own business
My advise for you is Do not put your eyes into other peoples business.
:39::39::39:

[system]

If an annoying then piss off
First and foremost i was not dealing with you so mind your own business
My advise for you is Do not put your eyes into other peoples business.
:39::39::39:

Good morning from London, viewing the past messages I believe it’s in order to comment. Bijoy has built this wonderful thread, so with this mind can we always think of his hard work and the wonder in all of us. God bless.

[Satunya]

Gentlemen setup are u wating out for during this weekend and what is the the basis of ur analysis before u short or long
i need charts pls

everything is in this thread already

if you can not be bothered to read and study it yourself then time to give up

[cku]

everything is in this thread already

if you can not be bothered to read and study it yourself then time to give up

Well am not giving up maybe u should be the one to give up dude

[cku]

I hope Satunya would now understand that the essence of this Journal is for one to post charts so we can learn from each other.This is from the owner of the Thread.
So if everything is in the thread already and u think there is nothing new for u to learn again u can aswell give u ok.
For me i try to learn everyday

Earlier I believed that it is impossible to make money from Forex trading. I failed while trying with mechanical systems. But the moment I decided to study deeply about trading and started to make discretionary(as I am posting) set ups, It became easy and something positive for me. I will continue to keep posting all my trades with live charts and trade ideas.

Dear friends

Keep posting… So that we can teach each other and study something together.

[cku]

Hello Bijoy i was looking at this setup during the weekend whats ur take on this for a short
also am i playing according to the rule?
I see a divergence
also the stock is in the overbought
what do u think
thanks

[vamzdis]

Hi im new in this forum was traing to trade on etoro app but find out is scam do you know real good platform to trade forex on my phone ?thanks

[salimvp]

Hi im new in this forum was traing to trade on etoro app but find out is scam do you know real good platform to trade forex on my phone ?thanks

Try FXCM or Oanda.

Good luck

[Bijoymj]

I am back friends,

Here is my first trade for the month. Short USDCAD.

The rising trend line in the 4 hour chart is already broken and price has already completed it’s pull back to the broken trend line. Now price is headed down towards previous resistance. Let us hope for the best.

BIJOY

[Bijoymj]

@Bijoymj

I am back friends,

Here is my first trade for the month. Short USDCAD.

The rising trend line in the 4 hour chart is already broken and price has already completed it’s pull back to the broken trend line. Now price is headed down towards previous resistance. Let us hope for the best.

BIJOY

Closed the trade for +35 pips considering the short term trend line. Will short again, if price closes below 1.0240.

[Bijoymj]

Here is my 2nd trade for the month

Short USDJPY @ 93.10

The rising trend line in the 4 hour chart is already broken and price has already completed it’s pull back to the broken trend line. Now price is headed down towards previous low. Let us hope for the best.

BIJOY

Hit SL: -40 pips

[kwonkicker]

hi guys. i wanted to thank you guys for messages you sent while i’ve been away. i didnt know i am being missed that much. i am a student as some of you know and exams made me to prioritize and give trading some time, as well as other internet activities. its all behind now and hopefully well make some money together. cheers.

[kwonkicker]

XXXUSD pairs rallied today, to be sold yet again im more interested in AUDUSD and NZDUSD. They share very similar situation now, so ill only show AUDUSD below:

Retest of trendline giving a nice opportunity to short, tho we dont have any other confirmation just yet.

[kwonkicker]

Daily NZDUSD chart. Yellow trend lines belong to me (daaah) but the red one (the one that ignores candle wicks) belong to J Kicklighter from Dailyfx i just thought id include that one too just for comparison. I think he is someone whom i can learn from. Regardless, i did short Nzdusd based on 1H chart 0.8310 with 20pips stop loss and its dropping as we speak lol im 5pips richer.