bank no bonus and increment... staff complaint.. economic no good 2016...
when USD 5.0?
crash!!!

possible.
ringgit people thought will stop at 4.0. now already 4.3
oil people thought will stop at 50. now already 30
i though i can be a millionnaire by this year. now i am broke.

Relax bro, still got another 11 months for you to be a millionaire

pls join edwin's millionaire program

#Pray for oil price rebound

Looks like AUDUSD is having a tough time breaking the resistance at the bottom. Expecting a heavy retracement if price really still wants to go down...

AUDUSD DDD!!

Sudden downward momentum, hmm. Carefull of possible retracements.

AUDUSD TPed @0.6906

AUDUSD break past 2015 September low!!

Bravo I couldn't find an entry yet, still waiting for retracement

FX trading signals (technical analysis) for your reference:

http://www.investing.com/currencies/nzd-usd-technical

*Use at own risk.

Happy trading.

---

http://oilprice.com/Energy/Energy-General/...Domination.html

end of dollar

No. I don't use martingale. Should i profit, next trade i will use bigger lot size. Should i loss, next trade i will use smaller lot size. Will show below how i calculate the lot size.

I try to find entry that at least give me profit/loss ratio about 1:1, but higher percentage of win (more than 50% success rate). Need to study the chart a lot.

For money management. Usually it depend on the % of risk to use per trade, the lot size and the stop loss. I stick to trade only a single pair which is AUDUSD, and only ONE open trade at any given time for consistency, and also to make it easier to manage money. Trading multiple pairs and having more than 1 open trade make it more complex to manage.

The important thing is to find correct lot size to trade, which is dependent of risk % and the stop loss. As other member of the forum already said, the safest is to risk 1% of your total balance per trade. But other people including me use more than that.

Example:

Consider a situation where 0.01 lot size, 1pip equal to USD0.10.

For balance=USD100, 1% risk is risking usd1 per open trade. For 10% risk mean usd10 per trade. 50% risk is usd50 per trade.

Now, let say based on your analysis you found an entry with 34 pip stop loss, and you dare to risk 10% of your balance, means that should your trade hit SL of 34pip, you will loss usd10.

To calculate lot size

Lot size=Balance/risk/(10Xstoploss)
=100usd/10/340
=about 0.029 lot, can use 0.02 lot or 0.03lot

0.02 lot is equal to usd0.20 per pip. Multiply usd0.20 to 34 pip stoploss=usd6.80
0.03 lot is equal to usd0.3 per pip. 0.3*34=usd10.2

So for usd100 balance, 10% risk and 34pip SL, the lot size to use is 0.03 lot.

End of example.

TLDR: The important thing is use the correct lot size per trade, which dependent mainly on the capital or balance, how much you want to risk, and the stop loss.

Hope this post is helpful. Writing this based mainly on my experience. Good luck.

2 questions if you don't mind .....

(1) On what timeframe do you analyse the charts,

(2) Can you elaborate on profit/loss (risk/reward) 1:1
LOSS (risk) can calculated based on entry price & SL price but how do you calculate PROFIT (reward).

Thanks.

(1) I use mainly H1 and H4. Use fibo, wait price reach 138% extension, the i wait the previous support resistance break to confirm entry for medium trend reversal.

(2) Are you asking how to calculate the profit or where to take profit? To calculate how much you will profit it is the same as calculate how much you will lose. Ex. 0.01 lot, TP 34pip, usd0.1 *34=usd3.4 profit.

If you're asking where to take profit, i just set it to same amount of pips as i use for stoploss, minus the spread. The exact take profit is hard to pinpoint.

Yes, what I meant was WHERE to take profit. Otherwise there is no way to calculate the risk-reward ratio.

And I agree with you that the exact take profit is hard to pinpoint.

Since you mentioned you just set it to same amount of pips as the stop-loss, meaning the risk-reward 1:1 doesn't have much meaning, right? Some traders may set their profit level at resistance (if BUY) or support (if SELL) which I think are more meaningful when you calculate the risk-reward ratio. Risk-reward ratio are being used by trader to justify whether to take that particular trade or not.

Thanks for your feedback.

This post has been edited by Pinnacle1295: Jan 15 2016, 11:38 PM

Oh I see. I'm not sure how to word my explanation properly. But my calculation for stop loss is the same for take profit.



I find a pattern as the same in screenshot (H1 audusd). Draw fibo from point A to B (high low), if price reach C (138% fibo ext), i wait H1 close break the Close price near point A (0.6967) entry at that price. SL an TP is amount of pips move from A to B (64pip). TP i always deduct the spread. so SL & TP is 64 pips away from 0.6967.

AUDUSD profit taken @ 70pips +

NEW

BUY LIMIT NZD/USD @ 0.6400 & 0.6370 / SL 0.6340 / TP 0.6480 - 0.6540

Thanks again for your detailed explanations.