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[arpfx]

hello traders
my opinion gbpusd ranging and eurusd will turn around it is divergence in h4 i wont trade until the next breakout
what you think

[Pipmeister]

Because US Fed  interest rate decision at 2PM eastern, I'm staying away from anymore trades for the day. The market tends to go sideways until the big rate decision and then very erratic.

Newbies might want to consider this. :-)

[uwe]

hi traders,

one more day without a trade. GBPUSD sell signal was there but the 30min uptrend was not broken, so i don`t enter the trade.

FXDave:

your absolutly right. i bougth profx last year in april, and the first thing i have made was to put my favourit indicators into the chart. then i have 10 indicators in the chart, this was not a good idea.... keep it simple is the best thing you can do at trading. profx is very simple and is a great system. but you have to learn how the markets work -resist areas, support, higher highs... 123 formations- this is what you need to trade succsesfull with profx.

as you can see on they`re webpage, only GBPUSD has an averige profit of 850pips per month! if you are trading with 1lot this will be 8500dollars per month, and with 10lots.... :-)

i also make the mistake at beginning to put every pair to profx to get much more profit, but the best and sympliest way is to follow the GBPUSD and maybe one other pair.
be disziplined, there are days without trading, but -that is professional trading- to know, whenn nothing is to do.

trade the rules and you will have much fun with this system. i made 677pips in live this month (start at 12.01) only trading the GBPUSD with the profx rules (1 trade EURUSD)

have fun

[uwe]

is there any other different between v1 and v2 than email and sms and change colour?

[Pipmeister]

Nice Uwe.

What type of exit strategy are you using? Are you trading with the 4 hour confirmation? Are you only entering based on the ProFX entry rules? Btw, was that Dec 1 or Jan 12 you started?

Cheers,
Michael

hi traders,

one more day without a trade. GBPUSD sell signal was there but the 30min uptrend was not broken, so i don`t enter the trade.

FXDave:

your absolutly right. i bougth profx last year in april, and the first thing i have made was to put my favourit indicators into the chart. then i have 10 indicators in the chart, this was not a good idea.... keep it simple is the best thing you can do at trading. profx is very simple and is a great system. but you have to learn how the markets work -resist areas, support, higher highs... 123 formations- this is what you need to trade succsesfull with profx.

as you can see on they`re webpage, only GBPUSD has an averige profit of 850pips per month! if you are trading with 1lot this will be 8500dollars per month, and with 10lots.... :-)

i also make the mistake at beginning to put every pair to profx to get much more profit, but the best and sympliest way is to follow the GBPUSD and maybe one other pair.
be disziplined, there are days without trading, but -that is professional trading- to know, whenn nothing is to do.

trade the rules and you will have much fun with this system. i made 677pips in live this month (start at 12.01) only trading the GBPUSD with the profx rules (1 trade EURUSD)

have fun

[trader_john]

Follow to my GBPUSD trade (1.61410 > 1.62410):

Just come home from very boring business meeting, my wife waited for me with very nice dinner, my son got today his second teeth and last but not least my ProFx trade made 100 pips.

Live is good  

[uwe]

hi Pipmeister,

yes i only trade the profx rules with the 4h trend.

exit at tp, trend change or us session end.

january 12th i mean.

 

[Pipmeister]

That's amazing that you've done so well it such a short time Uwe. Are you waiting for 100 pip takeprofit everytime? Btw, are you entering every signal during the EU/US session?

Sorry for all the questions but if you've done so well, it's useful to understand what you're doing.

hi Pipmeister,

yes i only trade the profx rules with the 4h trend.

exit at tp, trend change or us session end.

january 12th i mean.

 

[uwe]

Pipmeister

yes i wait, i trail my sl a few pips away from the profx01 indicator (that also is signal change and exit signal, so i think its good to trail the sl with this indicator) or i close the trade at us session end.

i trade the london session, and if there is a good chance somtimes i take a trade later in the europe session.

at the moment there is a sell signal in the GBPUSD, but i will not take this trade, maybe tomorrow morning the signal is still there..

[Pipmeister]

Thanks again for the reply. I assume you are not trading every signal, every day are you? I know you trade mostly London, but during that time the GBPUSD might have 5-8 signals, back and fourth. I wonder if you've consistently traded every signals?

Cheers

Pipmeister

yes i wait, i trail my sl a few pips away from the profx01 indicator (that also is signal change and exit signal, so i think its good to trail the sl with this indicator) or i close the trade at us session end.

i trade the london session, and if there is a good chance somtimes i take a trade later in the europe session.

at the moment there is a sell signal in the GBPUSD, but i will not take this trade, maybe tomorrow morning the signal is still there..

[uwe]

i wait for the signal (or if a signal is there from night), and then i look firstly for support and resist zones, look today 4h trend down, short signal at 9 o`clock europe time. but you can sign a resist line in the chart (look at 4h) so my sell stop order was at 1.6104. good that the trade was not filled... :-)

study the trades on they`re webpage, i had study every single trade of them.

[trader_john]

Good morning everybody

Just took the ProFx trade on GBPUD. (Long @ 1.62050)

Not sure that the cable will move today 100 pips up. Momentum was not so great in the last days. I will close half position with 50 pips TP and the other half with 100 pips.

[uwe]

good morning

trader_john:
im with you, long since 1.6235. with 55pips sl

[FXDave]

I joined the party as well at 1.6235. TP1=35 TP2=70 TP3=100 SL=50 TS=35 @ 35

Peace...

FXDave

[Pipmeister]

So did I:

1.62116 TP1 35 TP2 70 TP3 100

SL50
SL1 even at 35 pips
SL2 +45 at 70 pips
SL3 +85 at 100 pips

It's hovering around R2 right now. Not sure if it is going to break through.