Post your daily loss/profit

Beginner Questions
280

the moving average :wink:

have a good one bro

281

Thank you and I will let you know how everything goes.

282

hi guysā€¦i need to know whether is this forex broker good ?

i am quite keen to open an account with themā€¦also had read some positive comments at forexbastards.com so far only 1 negative comments.

can share with us ur experience in rfxt.com ?

thanks in advance.

Online Forex Currency Trading Company, Futures Commission Merchant - Royal Forex Trading

283

[QUOTE=certicex;15434]hi forex_maniac
this is very simple you have to check 1h or 4h time frame with any pair you like and the tunnel is in right position where the trend is crossing the tunnel so it means that you would take the short as well as long position instead of either short or long position only.check the timeframes and you will see the difference.

have a good one and try to upgrade it :D[/QUOTE]

I noticed that depending on the timeframe the tunnel can be in completely different position. For example todayā€™s EURJPY 1hour chart shows trend in the tunnel, but 4h chart shows trend way above the tunnel. Also on 4hr charts the last time the trend was in the tunnel was on June 16, 2007. See attached charts.

Also regarding placing short and long trades, wouldnā€™t loss from one (say long) cancel profit from the other (short)?
Or do you just wait them out so both are profitable?

285

Cetricex,

I read this entire thread (LONG) and I was wondering what happened to your live trading.

A coupe of months ago you said that you were going to start live trading but you never posted any results of your live trading?

Thanks for all of your hard work on this system!

286

hi man yes you right i went live with this system but i stopped that bcos i created new upgrade which woks lot lot better but need it to test it for couple of more weeks before i can use it live and now from last week iļæ½ve got another idea how to trade and made 50% ROI of my 3000$ account in 3 days with 1 standard lot worth of 8$ and just love it but that means another testing for me.i have few other demos and they are all in nice profit.time will show if it works or not hopping to get another great results this week.im not rushing things but my plan is to quit my job by end of this year and become full time trader and iļæ½ll do my best for it.

P.S. i think that now you all know that the trend does reverse enough to make you profit but there is a huge upgrade to this system and i hope you will find it one day.

i hope you have all good one this week and make lot of money.

287

Certicex:

My live accounts have been hit hard by the terrible carry trade unwind thursday and Friday, mainly because of bad money management, the lots were too large to survive the ride south.

My Certicex system account has survived intact. I practice very disciplined money management with Certicex system. I just took 200 pips profit on one trade.

Amusingly small cash in a tiny oanda account but its great lesson for me.

Several problems.

  1. I trade three pairs at a time. GBP/JPY, EUR/JPY and EUR/GBP.

  2. Iā€™m not able to follow the pure sustem since this is onbly 50:1 leverage.

  3. I dont really have the capital to trade a standard account with high leverage on a swing trading system, for Certicex system is really a swing trading system and requires enough capital to sit and wait for reversals.

288

hi guys

update of the month, i blow my 1000$ account :mad:. but my 10,000$ did abt 90% roi. pip count 3000pips average per day:eek:. i m gonna start another account with 1000$.

good day

289

Iā€™ve been testing certicexā€™s system since early June on $10,000 demo accounts. My results have been great so far, but at one time I was negative over 7,000 so I think 0.5 lots is too high for this system with a $10,000 acconut. Instead Iā€™ll try entering the first position with 0.1 lots, the next with 0.2, until I reach 0.5 on the fifth and not going any higher than 0.5. If there are six, seven, or more positions opened, they will all be 0.5. This way the trades that go the most against me ( which will be the first ones) will be the smallest sized trades and the ones that go the most in my direction ( which will be the later ones) will be the biggest sized trades.

290

hi i think you almost got it right but still something missing one thing i can help you out is using wider spread between positions i mean instead of 40 pips use 100 or more and in this case you are more safe even with 1 lot size.one more thing dont use T/P limit anymore but S/L(stop loss) instead.once you get in profit you set S/L let say 20-30 pips below the trend and you now will try to get the most out of it and your profit will be lot higher.

have a good one

291

Was wondering how your new system is working out?? We havenā€™t seen any daily posts. We sure would like to know how its goingā€¦even if its demo.

292

hi
all is great and there is lots of changes in to the system and hope that you done some too.at the moment im very busy in my full time job bcos is summer but still feel confident to become the full time trader by end of this year and that is my only goal so far i want to reach in forex.the other thing is i cant post any results right now bcos there is lot of changes so i keep starting all over again and i have 6 demos to run with different settings and trading styles.by end of the next month will try to put all the best things together and go live again so i might post some results then.

wish all of you the best and keep working hard on the forex trading and remember patient is the key.

have a good one

294

Hi Guys
I have started new blog where is posted my new system with pretty good results and some more useful things.I will be adding more info,live entry signals during the day.So check it out and leave any comments to help me improve the blog. Forexideas

The system was back tested.:smiley:

Have a good one