My First Post

Sourvinos · July 9, 2012, 1:14pm

Hello out there!

This is my first post.
I’m glad to find out that MACD Divergence, after back-testing has worked for me. I’ve just earned my 10 pips for the day.

It took 6 hours in total from entry to exit! 7/9/12 11:29 AM until 7/9/12 5:32 PM

MACD Divergence is happening as I write in GBP/USD!

Thanks for the hospitality,
John
Corfu, Greece

leonardo4358 · July 9, 2012, 8:28pm

Nice job, pal. Keep on your good work. I am still at the stage of struggling with the terminology…

Fxmall · July 9, 2012, 11:50pm

Nice work, John.

immvp · July 10, 2012, 1:27am

Congrats mate :8:

Sourvinos · July 10, 2012, 8:33am

Hello from hot and sunny Corfu!

Here’s my daily pip pay-check! MACD Divergence did it again! Trade lasted for 01:10.

Keep on trading,
John

JJ6845616 · July 10, 2012, 12:14pm

U collected only 10 pips in 6 hours.May be u should focus on risk:reward ratio in the upcoming days.

Sourvinos · July 10, 2012, 1:59pm

One step at a time. I have just made my feet wet!

Thanks for your reply,
John

anon88459104 · July 10, 2012, 4:35pm

10 pips per day is fine, you can’t say that it’s not without knowing additional information such as the risk reward already being used, the percentage risked per trade, and the quality of the trading plan. I’d go as far to say that 90% of all traders wont be able to make a net +10pips per day. 50 pips per week is not to be looked down on imo.

JJ6845616 · July 10, 2012, 6:20pm

10+ pips is not a good target.What if the market suddenly moves in the opposite direction of your trade?We’'l lose our 4-5 days profit.

Sourvinos · July 11, 2012, 3:53am

Good morning to all traders.

Divergence x2 this time, and I’ ve got my 10 pips for the day.

Here’s my strategy:

Spot the divergence.
Wait for the first candle after the divergence to close. Positive for long, negative for short.
Place market order:
a. S/L: 10 pips for breathing space. -10/+10 pips below/above the candle’s lowest/highest point.
b. T/P: 10 pips.

Like I’ ve said, I’ ve just beginning. Aim small, miss small. The good thing is that it works.

Regards,
John

freeze4real · July 11, 2012, 7:31am

Nice post John. To this those saying its just 10pips did you consider leverage ? What f John trades in lots if 10,000 what’s the profit going to be !!! I would t recommend that as it could leading to huge losses.

But 10pips per trade is very good, just keep it going till you have a good momentum.

Excellent work mate.

Sourvinos · July 11, 2012, 8:59am

I don’t care about the money yet, which is monopoly money anyway, but for strategy and pips.

Thanks for the replies,
John

Sourvinos · July 12, 2012, 2:35am

Morning all,

With Europe still asleep and no divergence in the eastern charts, I tried the old 5,13,62.
I entered a bit late, though, and with Stochastic hitting lowest of the low (Never saw it!) I’m feeling lucky today.

Enjoy your day,
John

MCharlesF · July 12, 2012, 9:57am

Hi John

Congratulations of your trades so far.

Curious to know where you opened your demo account?

Cheers

Sourvinos · July 12, 2012, 1:33pm

FXCM in Greece. I’ve tried three - four brokers and they have the best (for me) platform.

Sourvinos · July 13, 2012, 10:37am

Hello all,

This is divergence redefined. Stay away! What was I thinking? Some expert advice, please!

Minus 12.1 pips.

Enjoy the weekend,
John.