My Recommendations!

[KYS]

Hello everybody

I have been trading for 2 years have devised a medium term strategy which seems to work. I am sharing my recommendations with you so that you too can benefit.

Since these are medium term trades they last minimum of 1 day to a imum of 2 weeks may be more depending on the trend. I use a stoploss of 50-100 pips profit target of 50-500+ pips.

My Toolbox:
I use 1 hr to weekly charts decisions are made on 4 hourly charts
I watch for fib MA based support/resistance
I watch for chart clestick patterns
I watch trendlines
I also take into consideration day's weekly economic announcements

I will start posting my recommendation as soon as I find a potential setup.

Happy trading!

[KYS]

Sell EURCHF
At: 1.5625
SL: 1.5675
First Target: 1.5580
Second Target: 1.5525
Third Target: 1.5482
Fourth Target: 1.5455
Fifth Target: 1.5435
Sixth Target: 1.5385
Seventh Target: 1.5305

If the trend remain intact one can either take profits on above targets or tighten stops near the targets but stops should not be loose enough to tackle the pullback on support levels.


Trade Update:
First Target Achieved at 1.5580
Gained: 45 pips

[KYS]

Sell NZDUSD
At: 0.6840
SL: 0.6910
First Target: 0.6750

Trade Update-1:
Trade still open.

[haizamk]

what is the best to trade for today!


please help me?

i lost about $2000 in one week!

i need to recover back!

bye

[KYS]

Originally Posted by haizamk

what is the best to trade for today!


please help me?

i lost about $2000 in one week!

i need to recover back!

bye

Dear haizamk whatever is lost is lost now don't worry about it or don't take over leveraged position to recover it back quickly this can create a more serious crisis.

I am also in the trades which I have posted here on EURCHF NZDUSD.

EURCHF has already achieved its high resistance it now seems to be backing up formed double top.

Regarding NZDUSD I think it too is in the position of giving some serious profit because tomorrow it's trade deficit figure will be released it is expected to deteriorate -24.7 million to -375 million which is too great can bring the New Zeal currency to it's knees. Again on 27th July the Reserve Bank of New Zeal is expected to keep interest rates same as 6.75% which too can be considered as negative for the currency. Therefore these two are the best trades found by me.

Happy trading do not voilate your money management always secure your capital by placing appropriate stoploss.

[haizamk]

thank you for help me...

so i will try your Recommendations...

i will Sell EURCHF for today trade...

how long you in forex trade? how much you already make?

bye

[KYS]

Always trade with 1% risk or a imum of 2% if you are too aggressive. Which means that if your account size is $10000 1% of $10000 is $100 therefore you can either trade one mini lot with a stoploss of 100 pips or 2 lots with a stoploss of 50 pips. This way you will not be too emotionally involved in trades can sit relaxed while your profits grow without the temptation of exiting pre-maturely.

[KYS]

I traded demo for one year trading live for last one year steadly making profits 3% to 5% per month.