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Best strategi forex to get profit
Best strategi forex to get profit (Forex trading system)In Forex trading system, the line resistance or support line is shaped horizontal help lines that exist in the area of...2016-10-20 06:17:54
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Winner: Best Forex Trading System Contest for May 2013 - BabyPips.comForex Mystery Candlestick Pattern Recognizer ByResources Trading System Checklist 05 Strong Area Breakout
Trade History Using 1 Minute Expiry
#1: 1.32817 had been the high for the morning and formed an area of resistance.
On the first re-touch of 1.32817 I took a put option on the 1:54 candle. This trade won.
#2: Similar to the first trade I took a put option on the re-touch of 1.32817.
This trade also won.
#3: A third put options at 1.32817. This trade lost, as price went above my level and formed a new daily high.
#4: Price formed a newer low at 1.32715, retraced up to 1.32761, before coming back down.
I took a call option on the re-touch of 1.32715 and this trade won.
#5: Basically the same trade as the previous one. Price was holding pretty well at 1.32715 so I took a subsequent call option and won this trade.
On the 2:26 candle, price made its move back up to the 1.32761 resistance level.
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On a normal move, I would take a put option there, but momentum was strong on the 2:26 candle (nearly six pips) so I avoided the trade.
#6: Several put options almost set up on the 1.32761 level, but none materialized at the level.
So my next trade was yet another call option down near where I had taken call options during my previous two trades. However, since 1.32715 had been slightly breached before, I decided to instead take a call option at 1.32710 instead.
I felt this was a safer move as just half-a-pip can be crucial in determining whether a 60-second trade is won or lost. This trade won.
#7: Put option back up at the 1.32761 resistance level. This trade won.
#8: Call option down at 1.32710 (where #6 was taken).
This trade won. However, the minute after this trade expired in-the-money, the market broke below 1.32710 and formed a newer low at 1.32655.
#9: This trade was a put option at 1.32710, using the concept that old support can turn into new resistance.
Nevertheless, this trade did not win as price continued to climb back into its previous trading range.
#10: I decided to take a put option at the touch of 1.32817, which was the level at which I took my first trades of the day.
This trade might seem a bit puzzling at first given a new high for the day had been established and that momentum was upward. But by simply watching the candle it seemed that price was apt to fall a bit.
It was also heading into an area of recent resistance so once it hit 1.32817, I took the put option and the trade worked out.
#11: Another put option at 1.32817.
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This trade won.
#12: For this trade, the high of day initially made on the 2:13 candle came into play – 1.32839. I had intended to take a put option at this level on the 3:22 candle, but price went through it quickly and closed.
And then for maybe 10-15 seconds, my price feed was delayed and by the time it the connection was recovered it was over a pip above my intended entry. So I’m glad I missed that trade, as it’s one that would have lost.
I did end up using the 1.32839 level on a call option, though, given that previous resistance can turn into new support.
This trade won.
#13: 1.32892 was now currently the high for the day and had formed a recent resistance level. I took a put option on the touch of the level. This trade won.
#14: Similar to #12, I used 1.32839 as support once again, and it produced a winning trade.
#15: Once again, I used the current daily high of 1.32892 as a resistance level off which to take a put option. But price busted through and this trade lost.
#16: Another fifteen minutes passed by before I was able to take another trade set-up.
This time, I used 1.32892 as a support level (old resistance turning into new support) to take a call option. This trade was probably my favorite set-up of the day and was aided by the fact that the trend was up.
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It turned out to be a winner.
#17: For put options at this point, I had an eye toward 1.32983 (the new high for the day), but price consolidated twice at the 1.32971 level forming a line of resistance. So I decided to take a put option at the touch of 1.32971 on the 4:28 candle.
This trade turned out to be a nice four-pip winner.
#18: My final trade of the day was a call option back down at 1.32839, where I took the same set-ups for #12 and #14. This was another good four-pip winner.
After that I was waiting for price to come up and see if 1.32892 would act as resistance, but it never touched.
Also, I was feeling a bit fatigued by this point and decided to call it quits for the day.
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