chrish9070's Posts

EUR/GBP in New Traders Feb 01, 2018 at 15:49

Correlations change and are also manipulated at times. There are always chart patterns, it is how you interpret them and read them that is key and under stand the mindset of a professional trader. Do it for 12 years and you will know what I mean

EUR/GBP in New Traders Feb 01, 2018 at 15:11

I know from my own trades and the market overview predictions iv made using them. Looked over 20+ currency pairs almost a year ago and based on patterns every trade has gone in that direction

EUR/GBP in New Traders Feb 01, 2018 at 14:57

Patterns work 80% of the time if you read them correctly

EUR/GBP in New Traders Feb 01, 2018 at 13:40

Understand to read the overall pattern and which direction the market is heading in based on that unless the pattern is invalidated and learn to read the lower timeframe price manipulation to confuse traders what they should be doing! The picture is painted to confuse you and entice new traders into the market.

Anyone who trades more than 15 currency pairs at a time? in New Traders May 10, 2016 at 15:23

They work for brokers that tells you all you need to know! My personal accounts are via Pepperstone and Ic markets. The fund accounts are traded via IC markets and deutsche bank And yes I know about the website, its been offline for a short time now due to my hosting company having some kind of error. And as for risk thats exactly what I said, you calculate risk per trade and you also have a maximum overall risk at anyone time.

Anyone who trades more than 15 currency pairs at a time? in New Traders May 10, 2016 at 14:31

You clearly arent a real trader if you are having problems with your 'margin'. That simply wont happen if you have your risk set properly to 0.5% to 1% per trade like any professional will do who manages funds and money. I know that because that is what I do for a living

Anyone who trades more than 15 currency pairs at a time? in New Traders May 10, 2016 at 13:59

That is nothing to do with how many pairs you are open. Obviously you only trade the pairs/setups that look the best and comply with your risk reward ratio. Do you calculate your risk per trade before you place it according to your account balance? and I dont mean saying I want to risk 30 pips or whatever on the trade because every pair is different. You should be saying I will risk 0.5% or 1% on each trade. Use the free calculator here on myfxbook if you need it. Enter you account balance of say $10k, enter how much risk you want so say 1% and size of your stop loss on the trade say 50 ...

Have a plan and stick to it in New Traders Apr 10, 2016 at 18:42

Money management is the greatest tool of all for new traders#forex #trading #pips #markets #finance Do you want to learn to trade all types of markets with proper money management, risk reward trades and excellent monthly returns? Then check out this below.....Just thought Id write an email after last weeks trading to see if people can cope and manage their losing trades correctly.Do you have a set risk reward setup, calculate your trades correctly so you not always just entering at 0.1, 0.5 or 1.0 or whatever size you trade. Do you calculate the size of your account and work out what lot siz...

australian broker in General Apr 04, 2016 at 08:06

Pepperstone for me has been a reliable broker, only hitting stops when price goes through them rather than a widening of spreads like most brokers do.; If iv ever had any problems with any trades where they havent been triggered, stopped out or take profits hit and I have contacted them they have assessed and credited my account. And all funds are protected and withdrawls easy

Is demo trading enough before real account? in New Traders Apr 04, 2016 at 08:02

Hi Pearl,Which brokers have you used where you have had funny business as you say? They all hunt stop losses (they can see overall where the stop losses are in the market). But some brokers are worse than others.

Please help in New Traders Apr 02, 2016 at 13:04

Simply never trade with money you cannot afford to lose, no one is going to just deposit money into your account.

Does any one think this consolidation will break through into a continuation in New Traders Apr 02, 2016 at 13:03

Eventually price will retrace to 1.18-1.20. This is a long term support that was broken on a monthly timeframe last year and will be retested at least. I told all my members back in February, do NOT short euro long term yet, do nOT short AUD long term as they are bullish as all heck, same with AUDNZD, extreme caution needed and they are still buy the pullback pairs on bigger timeframes

The best site to learn forex. in Experienced Traders Apr 02, 2016 at 12:58

Find a mentor like HalleyFX says where you can copy their trading. Make sure you work in percentages rather than pips/money value or it will affect your mindset once you begin trading larger amounts. It shouldnt matter if you are trading 10k or 1 million if you work in % terms. 0.5% to 1% risk per trade with a 2,3,4,5:1 risk reward ratio and if done correctly you should be able to make 3-8% a month easily with low risk, that is what I do and have been doing so for a number of years now, trading multiple accounts and hedgefunds on behalf of serious investors

Trading Psychology in New Traders Apr 02, 2016 at 12:48

I dont understand meaning blowing account son 5 mins charts. A tight stop loss doesnt mean trading off a 5 min chart. The above post was to tell people who couldnt handle the emotional side of trading to trade the longer term charts, IF you trade these charts you dont select a stop loss on any other time frame than the daily chart. Every timeframe has its bias and I can be long on a daily chart and someone else short on a 5/15/60 min chart and we can both be right

Trading Psychology in New Traders Mar 31, 2016 at 12:18

Just going to share with some of you an email I sent my followers earlier today Hi GuysFirst off I want to apologise in advance about the format of this email, but when we fixed the automated email software it seems we have created a new problem about the formatting in the background and this should get resolved in the next 72 hrs. Just didnt want you thinking a 3 yr old wrote the email! lol!!I had a few people really interested in the last couple of spaces that came up but unfortunately I pressed delete on 3 of those emails instead of clicking reply!! So therefore Im mailing out again to giv...

australian broker in General Mar 29, 2016 at 14:12

I agree

Which countries come online at certain times of day? in New Traders Mar 29, 2016 at 14:11

The volatility will also increase as news passes across the news wires throughout the day, unexpected events, comments that may not be in the schedule

australian broker in General Mar 29, 2016 at 14:07

Yes Pepperstone has great service, very fair, good spreads and decent customer service. I also know the manager of IC Markets angus Walker and they too offer a good service. Also have heard good reports about Berndale Capital. I never usually get involved in recommending a broker incase anyone has any problems, but iv used pepperstone for a number of years now and found them the most reliable and trustworthy.www.forextraderoom.co.uk

EUR/USD in Experienced Traders Mar 22, 2016 at 17:42

Its so clear to anyone that understands how the market works and moves, The euro is still in a bullish pattern on the weekly timeframes. Anyone shorting the market should have a fairly light target and an equal tight stop loss. A bottom at the moment is confirmed and more so should 1.14 and 1.15 resistance give out

AUD\USD in New Traders Mar 22, 2016 at 17:37

Long term weekly charts clearly showing a move towards 0.80000 is coming in the weeks ahead. Bottom is in place and people should be looking to buy pullbacks on the daily timeframes, if you are shorting keep the stops fairly tight incase the market continues to breakout.

EURUSD	1.04141	GBPUSD	1.25303	AUDUSD	0.64992
USDJPY	154.798	USDCAD	1.39796	USDCHF	0.89434

Posts by chrish9070