bnaimy
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Hi everyone, i have recently started dipping my fingers into the forex market and i am currently playing with a small account of 1500 euro. My main focus is the futures market, but forex have always been tempting to try, so here it goes.
I am looking at all the major currency pairs and i am using simple S/R with fibs as my tools for trading.
1:My Monthly goal is 500 pips at the moment, anything higher is just a bonus.
2:My stops are in the range of 30-50 pips at the most, i tend to use 50 pip stops on the more volatil currency pairs, but mostly i use 30-35 pip stops.
3:I am not going for big targets and my goal is only to get a small bounce of 30-60 pips from resistance and support levels.
4:I will be posting my monthly statements from my saxobank account every month so everyone can have a look at what the results are and how i do. I dont want to be another person who talk about his imaginary 2000+ pips a month LOL
Anyways, i have attached a two pictures of my working orders page from saxo so everyone can see where i am going long or short. Since stops and targets are not shown, i suggest you use 35pip stops and 40 pip targets as default, incase you want to follow the trades on your sim account.
If anyone is interested i can make a short video where i can explain how i find my trading levels and how where i put my targets and stops, let me know if this is of any interest and i will link that video in this thread.
I have also attached a picture of my accounts current amount, so there is no chance of cheating
This will be my little personal journal and have something to look back at as time goes.
Take care and looking forward to hearing from anyone who might have any questions for me, and i will do my best to answer them as i get time.
With kind regards
Bashir Naimy
I am looking at all the major currency pairs and i am using simple S/R with fibs as my tools for trading.
1:My Monthly goal is 500 pips at the moment, anything higher is just a bonus.
2:My stops are in the range of 30-50 pips at the most, i tend to use 50 pip stops on the more volatil currency pairs, but mostly i use 30-35 pip stops.
3:I am not going for big targets and my goal is only to get a small bounce of 30-60 pips from resistance and support levels.
4:I will be posting my monthly statements from my saxobank account every month so everyone can have a look at what the results are and how i do. I dont want to be another person who talk about his imaginary 2000+ pips a month LOL
Anyways, i have attached a two pictures of my working orders page from saxo so everyone can see where i am going long or short. Since stops and targets are not shown, i suggest you use 35pip stops and 40 pip targets as default, incase you want to follow the trades on your sim account.
If anyone is interested i can make a short video where i can explain how i find my trading levels and how where i put my targets and stops, let me know if this is of any interest and i will link that video in this thread.
I have also attached a picture of my accounts current amount, so there is no chance of cheating
This will be my little personal journal and have something to look back at as time goes.
Take care and looking forward to hearing from anyone who might have any questions for me, and i will do my best to answer them as i get time.
With kind regards
Bashir Naimy
