Manoj89's Blog

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EURJPY SHORT TRADE.

Hello friends,
I added one more trade yesterday EURJPY. On this trade i enter near 117.50 which is strong resistence(117.50 to 119.052) and my target is next support @ 107.80.
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EURNZD BUY TRADE FOR 1:3.6 RATIO.

Hello friends,
In eurnzd i find a strong support @ 1.52443 to 1.52061.so now planning to buy eurnzd at support level my target is 1.53898 till strong resistance.
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LATE FRIDAY AND SUNDAY OPEN

  • Friday NY sessions are not that volatile normally. If you only trade the NY sesson, take your day off
  • If you have orders open on Friday, it's wise to close them unless you are a position trader. You don't want to be caught by a big gap on Sunday open due to speculations or an unplanned high impact news event that occured during the weekend
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INTRADAY TRADING CONFIGURATION

INTRADAY TRADING CONFIGURATION
  1. BIG PICTURE timeframe: Daily chart as our supply/demand curve and bigger picture direction
  2. INTERMEDIATE TIMEFRAME: you can use H4 as intermediate timeframe and align it with the D1 to get both Tfs aligned for an entry on the lower ones
  3. EXECUTION timeframe: H1 chart.
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Why Emotions Are A Problem?

Certainty in an executed trading idea is often a guise for greed and fear. As a trader, it is important to have a plan which focuses on entry triggers, trade size, and risk to reward ratios so that you’re acting in a mechanical manner. However, you should also be willing to exit your trade or accept the fact that moving forces in the markets can change quickly so you can avoid the painful experience of holding on to and closing out larger losses than winner.
Emotions Alone Would Cause a Trad
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Joe_Vulcan avatar
Joe_Vulcan 29 Oct.

My motto: lose all sentiment, become one with the machine.

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Popular Forex Currencies

Eight Majors
Unlike the stock market where investors have thousands of stocks to choose from, in the currency market, you only need to follow eight major economies and then determine which will provide the best undervalued or overvalued opportunities. These following eight countries make up the majority of trade in the currency market:
  • United States
  • Eurozone (the ones to watch are Germany, France, Italy and Spain)
  • Japan
  • United Kingdom
  • Switzerland
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GBPCAD TARGET ACHIEVED.

Hello traders this is Manoj89 , I am trading on supply and demand levels not using any indicator or oscillators I want to share one of my successful trade which is GBPCAD. I planned to BUY it because price was in demand level where demand exceed supply level and price also made new Higher High so it was high probability trade which was offering (1:2.8[b]) RISK REWARD which was good deal.See the chart before taken entry.

[/b]
RESULT

Thank you.
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EURGBP TRADE TARGET ACHIEVED.

Hello traders this is Manoj89 , I am trading on supply and demand levels not using any indicator or oscillators I want to share one of my successful trade which is EURGBP. I planned to short it because price was in supply level where supply exceed demand level and price also made new Lower Low so it was high probability trade which was offering (1:2.5) RISK REWARD which was good deal.See the chart before taken entry.

Result.
Thanks & Regards
Manoj89
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A SIMPLE TRADING PLAN

Simple Trading Plan.
You need a plan, here is the one you must follow. Make it yours, embrace it and treat it with care because it's as fragile as a glass of very thin glass. Follow these rules one by one and do not break them while you follow all the stages described under minimum requirements. This plan has nothing to do with your personal goals as a person, it's just about the rules.
Believe that you can make it. 3:1 is a very reasonable target and relatively easy to obtain when…
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Trade Management.

1. PRE-PLANNING

o Do not take any trades if it's not pre-planned
o Analyze the market and decide if you have a valid trade as per the rules, room to opposing HFT SD area, that is, following your trade plan
o Set your limit order and wait for the setup to be triggered
2. TRADE EXECUTION

o The trade is executed by your broker. Now you are in the trade
o Control your emotions at this stage. You risked a % of your equity, it's a number's game
o Don't touch it if the rules still apply
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