waiting to buy audusd, if price close =>0.7209 on H1, based on previous mini resistance. TP 20pips only (0.7232). Price might differs depend on your broker

Adjust my trade to buy limit 0.7211. stop loss 0.7187, take profit 0.7241

Currently holding my sell audusd position @0.7024. stoploss 0.7069. take profit 0.6982. NFP incoming btw. Hope for success

I'm pure technical trader, i didn't trade news. But i'm not avoiding trades during news. The only time i will avoid to trade is when a particular pair with stalling price. The longer the time price is stalling the more dangerous it is. The calm before the storm.

Really? Good for you or the others if you know to trade that way. I can't fully grasp how to trade breakout. My style is more to follow the short term trend, mainly analyse the H1, alongside H4 and Daily. I discard other timeframe.

saw potential to buy AUDUSD on H4 chart at 0.6989. For a 94 pip SL and TP, risk reward ratio 1:1 Anybody agree or disagree?

currently PO AUDUSD sell @0.6948, based on my M15 chart analysis for short term, risking 33 pips sl for 30pip profit. But i guess i missed the ride already. Oh well, will wait for next time.

change my PO AUDUSD to sell @0.6944, based on H1 i got confirmation to sell since candle close below 0.6944. TP 0.6914, SL 0.6977. Will change as time progress.

My own risk.

my AUDUSD trade yesterday end in loss. (><). But based on H1 the recent candle close below 0.6967 is indication for temporary downtrend. Currently PO Sell AUDUSD @0.6967 for 64 pip SL, 61 pips TP.

My trade my own risk.

AUDUSD TPed @0.6906

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.

(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.

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.

IMO big leverage is totally fine, the problem lies in the lot size, try to avoid opening trade with too big lot size or too much floating trades.

I have friend use KWD as base currency, though myself use USD. Also if you're muslim choose the swap free account.

Just use common sense. If you can make money trading forex, then you don't need to waste time selling ebook how to profit from Forex, etc... blablabla? Do you

IMO it's safer to buy near 50% fibo, @0.6891

i just realised that i missed the ride to sell AUDUSD @0.6892.

based on my analysis on H1 audusd may go up since closed higher than 0.6912. Just my 2 pip

Good morning. I no trade for awhile. Missed my ride. Not so sure, waiting for next time. Safe trade. Good luck to all.

AUDUSD H4 closed above 0.6932, it might want to go uptrend. But better wait for retracement for entry.