MONSTER ONGOING GOLD TRADE UPDATE

I promised you guys an update on the gold trade I entered a few days ago. Here it is. I’m still long and I have locked in MASSIVE profits. As you can see I have the stop loss in place to lock in more profits and it’s been a HUGE WINNER so far. See for yourself below! Click the photo to see full-size.

MONSTER ONGOING GOLD TRADE UPDATE

Fibo Machine Pro – The Easy way to profit from Fibonacci Trading

Watch the video below to see just how easy fibonacci trading can be. If you’re looking for a shortcut into making profits in the markets then this is the software for you. Personally I’ve spent years studying fibonacci trading, and this software aggregates all of it into an easy to use PROFIT MACHINE!
Click Here!

Check out the main site to watch a video that shows you exactly how you could be raking in hundreds of pips every single day. There’s no learning curve, all you need is the software and to follow the steps in the video.
Click Here!

The best thing is that you can use the software on your demo account to test how much profit your account will make. You could be making money today! Click here to see the video that explains how you can make money in 10 minutes after installing!

The markets are always moving and trillions of dollars are changing hands every week. What’s stopping you from tapping into just a miniscule percentage of that money and changing your life for the better?
Click Here and Get Yours Now with Fibo Machine Pro!

Test Everything in Forex Trading!

You don’t want to jump into trading head first. If you think you know what you’re doing, then test it first and reassess. If you were right then great, start testing the strategy live with microtrades. The software I recommend for testing is ForexTester.

I’ve used it for years and it’s the perfect playground for traders. You can test any currency or commodity you wish and get instant knowledge back! Don’t assume: TEST!

Gold Trade Ongoing

Initially I wanted to see if the gold price would hit the target at 138.2%, but since price never closed below that line I decided to keep it open and adjust the stop loss. I still have it open and it could make even more profits in the coming days. I will continue to monitor it and let you know when I exit and why.
gold bf long h1
Still open in a long position. And I just noticed that the pictures look ten times better when I save it as png instead of jpg.

Disclaimer:

You don’t want to jump into trading head first. If you think you know what you’re doing, then test it first and reassess. If you were right then great, start testing the strategy live with microtrades. The software I recommend for testing is ForexTester.

I’ve used it for years and it’s the perfect playground for traders. You can test any currency or commodity you wish and get instant knowledge back! Don’t assume: TEST!

USDJPY Fibonacci Forex Trade Before and After Successful Trade

Hey guys! I just wanted to show you a quick example of a successful trade I made today. I found a nice fibonacci retrace setup on the 15 minute USDJPY and I took it.

I found a very attractive fibonacci retrace that hadn’t completed it’s target path. In the first image you can see price lingering around the 0-line. A couple of hours later the take profit had been hit. Quick money!
long bf usdjpy m15

usdjpy m15 after

Disclaimer:

You don’t want to jump into trading head first. If you think you know what you’re doing, then test it first and reassess. If you were right then great, start testing the strategy live with microtrades. The software I recommend for testing is ForexTester.

I’ve used it for years and it’s the perfect playground for traders. You can test any currency or commodity you wish and get instant knowledge back! Don’t assume: TEST!

38.2% retrace and profit target hit on EURUSD

The markets are closed and it’s sunday, so we’re just gonna look at a fib that retraced to its 38.2 level and hit the profit target afterwards. When the markets open I have a couple of trades ready which I will show you either tomorrow or the the day after.

38.2% retrace on the eurodollar. Yes, the fib is upside down so it says 61.8, but you get the picture.
38.2% retrace on the eurodollar. Yes, the fib is upside down so it says 61.8, but you get the picture.

 

Testing Your Trading Strategy – why it’s so important.

I will be talking about this subject a lot in the future. I’ve even decided to affiliate with ForexTester because I’ve used their software for six or seven years. The subject of today is: TESTING.

How can you increase your profits and the edge you have in the market? You find a way of trading that makes you stay one step ahead of the rest. How do you find that technique? Do you just follow what some book or website told you was profitable, or do you find out on your own? How long does it take before you even know if a method works or not?

Trading on a demo account is preferable to anyone new to trading. Test what you know, and if it’s wrong then go back the drawing board. The problem is that testing from a demo account takes time. You need to do hundreds of trades before you really can say with any certainty if it’s a profitable method. If you’re trading on 4H or daily timeframes it could take years to accumulate such a number of trades!

I remember back in the day when we used vHands to test our assumptions about the market. It was a revelation! Suddenly you could see that most methods and indicators that were supposed to be sure-fire techniques didn’t work or no longer worked as they once did. Later I upgraded to ForexTester and testing became even easier – it lets you test on all time intervals. Every currency can be downloaded and traded until you think trading is impossible to conquer.

That is when you test some more. You try out things nobody has ever tried before. You break the rules and sometimes you’re rewarded for it. Thinking outside the box makes you unpredictable. Do you want to do the same that everyone in the markets are doing? Then you’ll end up with the same results!

Anyways guys, this was just a short rant on testing your strategies before committing money or excessive time to it. The link below takes you to ForexTester incase you wish to test their software – the demo is free and it convinced me to buy it.

Until next time – don’t assume. Test and test some more!
English site download page