Well let me be upfront and explain why I am doing this. My goal is to help fellow trades enough time to get confidence on my system, give my signals away for free would help me make friends and develop relationships with other traders.
I wasn’t able to send out today signal on time. Here is a screenshot of my today’s trade.
If I traded 3 standard lots ($30/pip) and i followed your signals and lets just say I got a -30 (SL got hit right away) and then I get a +30 (three +10 TAKE PROFITS HIT)…
lets do the math…
loss: -$900
profit: $100+$100+$100=$300
total: (-$600)…more than a 20 pip loss
so what looks to be break-even, is actually a loss!
I strongly agree with you. But do understand, i am here to provide the signal. Is up to the personal trader to execute the order. They can enter 3lots as what you mentioned or they can enter 1lot and trail the profit. Is totally up to them.
I think its quite some effort on your part to post updated signals daily - it eats into your time, it might just start to show on your statement after some time? It is rather brave, given you have to defend your analysis when it doesn’t hit? To ease your work, you dont have to include your pip count, your statement or an affidavit to prove it to any rigid personalities, but for other nobler reasons. Bottomline, your targets get hit, then the signals stand with no props. Wouldn’t mind an explanation of what breeds the signals.
Means that we needed to put up a BUY signal or enter the trade at 113.196. Then put up a limit order at 112.722 & TP1 make a profit order at 113.489,
Is my understanding correct,
I am asking this stupid question since I am only in demo account & 100% forex newbie.
Please whether my understanding is correct or not,