They one trade was closed yesterday, about +100 pips in EURNZD. There are no open trades now. Month was pretty good, GBPNZD was the best.
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So far they gave 2 trades this week. They were long USDCHF, the stop was about 90 pips and the spike down got the stop. The other trade is still open, in about 100 pips profit so it covers the loss. Like I wrote before, they dont do dozens of trades.
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Originally posted by Timothy24 View PostSo far they gave 2 trades this week. They were long USDCHF, the stop was about 90 pips and the spike down got the stop. The other trade is still open, in about 100 pips profit so it covers the loss. Like I wrote before, they dont do dozens of trades.
I am not saying it's a bad system, but pip counts (and, therefore, the results shown on the performance page), are pretty much meaningless.
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Originally posted by withnail View Post
I am not in the trade(s) but, again I must take issue with this statement - unless you are trading the same pip value for each cross/pair (which is extremely unlikely) then 100 pips gained in one trade does not equal 100 pips lost in another. That is the fallacy of this signal.
I am not saying it's a bad system, but pip counts (and, therefore, the results shown on the performance page), are pretty much meaningless.
I am adding that yes, if you change the trade sizes that will affect the pip's value. I personally don't use the same trade size but I am sure many do. I also exit and enter when I want.Last edited by Timothy24; 05-04-2016, 04:24 PM.
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I read again what you wrote, if you lower the pip's value (which means a smaller trade) then it depends how many pips that trade made. If it wasn't enough because the trade that was stopped out was a bigger position than it would take another small trade to cover the loss. I see what you mean and it is down to the risk management you do.
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NZDUSD was closed in +140 pips, 2 trades are running now. It it helps anyone, they said eurusd went down on Friday because Dudley said the Fed is looking to hike rates 2 times in 2016 so the market bought usd even though the nfp was below expectations. They said he did it to confuse the market.
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EURAUD hit the stop at the entry, they emailed to take 30% when it was in around 140 pips. eurusd stop got hit, they emailed to close 10% of the trade with a loss a day before the FOMC minutes. 2 trades are open now, one is in 100 pips, the other is a new trade, in 24 pips now.
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2 trades are open, one is in about +70 pips profit, the other is trading a few pips below the entry. They gave a stock the other day that they expect to rise over 400% in the medium to long term. They only gave their stock analysis last week, its currently up +1.00% in pre market trading.
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Originally posted by Okda View PostMay I ask what is meant by stock?
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Stock as in shares. They picked a stock form the US stock market that they expect to rise over the medium to long term. Based on the time frame they used it will probably take 6 - 12 months to reach their target assuming they are correct. Its up about +3.00% now.
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They emailed to close GBPJPY short position. They took a few partials on it, closed the whole thing with just under +500 pips. There is another trade open in GBP, in over +100 pips. I can't link it because it's still restricted to members only. You can see their performance from 2014 - 2016: https://www.ddmarkets.com/trades-performance/
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