Jacques from South Africa's Journal

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Jacques
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Jacques from South Africa's Journal

Unread post by Jacques »

Here goes. I need to do this to keep myself honest about my trading. Took a trade on the GBP/USD. Aligator was asleep and looking for a sell setup. Got the red dot and arrow. The reason I entered at the bottom Aims level was because I entered manually(I know I should set a pending order). My broker need a difference of 4 pips between the market price and order price. 13 Pips profit :D

If you are reading this Herbert - which broker do you use being a fellow Saffer?
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Jacques

Future millionare - one pip at a time!
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immy
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Re: Jacques from South Africa's Journal

Unread post by immy »

Jacques

This is a very good trade. The first thing I noticed and was going to comment upon is what you already acknowledged. Best to move to a broker with less than 2 pip PO difference. Market orders are not good for my trading health so I try not to do em, but I do occasionally when Setup is very good and there is still time to get in. I went for a 20 pip target on this one and got 19 in the end. cheers. As I write its gone past my TP but not before a scaring green candle.

cheers

immy
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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Jacques
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Re: Jacques from South Africa's Journal

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Thanks Immy

I am really excited about this sytem of yours and I look forward to many great trades still.
Jacques

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Herbert
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Re: Jacques from South Africa's Journal

Unread post by Herbert »

Hey Jacques. Nice trade.
Keep it simple as per manual and don't go off on an expedition to Kimberley-and-back like me.... :D

I use Australian based Pepperstone and UK based FXCM. Pepperstone got better spreads but have price-feed problems still in progress.
In my books there are no best-broker....

I have the same PO too close to quote as you....

Regards
Herbert
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation"
AIMS - The art of Trading markets successfully
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Jacques
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Re: Jacques from South Africa's Journal

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Thanks Herbert. I'll take a look at them too.
Jacques

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Jacques
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Re: Jacques from South Africa's Journal

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Got out for 1 Pip
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Jacques
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Re: Jacques from South Africa's Journal

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Paid 9 pips rent on this 5min USD/CHF trade. Early morning itchy fingers :-s
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Jacques
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Re: Jacques from South Africa's Journal

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Made good with a nice USD/JPY trade on the 1min chart :D
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Dave
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Re: Jacques from South Africa's Journal

Unread post by Dave »

Lovely entry, Jacques. That trade has my favourite AIMS level configuration, where the entry level is above several newly formed M1 highs, suggesting there could be a queue of orders above that level to help the price continue up. Very nice!

Wishing you all the best - one pip at a time! :))
Dave
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immy
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Re: Jacques from South Africa's Journal

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One Word. Perfect!

Rinse and Repeat Rinse and Repeat! Do you have to learn more about how to trade AIMS? NO! This is it!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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