Usman Maqbool
Due to a lot of requests to lower the balance to $5k for proper signal following, I have lowered the balance to $5k. It will not make any difference to our trading system or risk. thank you.
· 2
Timo Schroeter
2016.09.02
Ok good to know.
Usman Maqbool
Starting original system GBPAUD , starting lot 0.01 and for now it will take sell only signals on gbpaud pair which is aligned with the gbp fundamentals after Brexit leave vote from EU. thanks
· 2
Show all comments (23)
Usman Maqbool
Update 23 May 2016:
I have done much work over the weekend and decided to stay away from GBP pairs due to upcoming Brexit vote on 23 June and hence not trading gbp/aud for now. In the mean time we will start by trading eur/usd & aud/usd pairs. The distance b/w the trades will not be fixed and it will be automatically increased or decreased by the system based on volatility so in a volatile market conditions, it will auto increase the distance based on ATR. Another important shift is that the trade direction to buy or sell will be based on trend for the pair. This will keep us with the momentum most of the time. This is the best that can be done at this time.
Please don't ask questions related to how is this achieved. Let's make some money together. We will look at gbp after 23 june Brexit vote. Until then it is extremely risky.
thank you.
I have done much work over the weekend and decided to stay away from GBP pairs due to upcoming Brexit vote on 23 June and hence not trading gbp/aud for now. In the mean time we will start by trading eur/usd & aud/usd pairs. The distance b/w the trades will not be fixed and it will be automatically increased or decreased by the system based on volatility so in a volatile market conditions, it will auto increase the distance based on ATR. Another important shift is that the trade direction to buy or sell will be based on trend for the pair. This will keep us with the momentum most of the time. This is the best that can be done at this time.
Please don't ask questions related to how is this achieved. Let's make some money together. We will look at gbp after 23 june Brexit vote. Until then it is extremely risky.
thank you.
· 6
durian
2016.06.25
hope you had some time to rest usman, I'm gonna stick with your signal, I have faith that you can return to your normal trading success after brexit volatility
[Deleted]
2016.06.25
Subscription ended 24 june. Will subscribe again after reactivation. 23-24 june earned $100 on Brexit volatility using Usman's strategy (have deposits of 200 and 400 USD).
[Deleted]
2016.06.25
Усман, хорош сачковать, давай врубайся!
Usman Maqbool
Trades basket closed with $500 cad profit. approx. 6% return. DO not want to risk holding through the weekend because any news related to brexit can gap up or down on sunday open. Will work on the weekend to see how the system can be made stable and better. I see that a lot of subscribers mentioned that it's too risky but the thing that you can not discount is the fact that we were afloat even with a 1000 pips move against us and experienced a 56.95% DD so we were no where close to blowing out the account. 1000 pips moves do not come every day and we know that even if we leave everything as is, we can still absorb the shock in the future.
But I will still want to make it more stable. stay tuned. For those of you who are not comfortable with the grid with a blend of martingale, I have introduce London Hawk system. Where you only need small balance, every trade has max of 50 pips or less SL, trailing TP and BE+, trades 1-3 trades per London session, no trades on Monday and flat going into the weekend and on top of that you don't need much leverage. This is the ultimate scenario that any subscriber can ask for. check it out.
https://www.mql5.com/en/signals/194095
But I will still want to make it more stable. stay tuned. For those of you who are not comfortable with the grid with a blend of martingale, I have introduce London Hawk system. Where you only need small balance, every trade has max of 50 pips or less SL, trailing TP and BE+, trades 1-3 trades per London session, no trades on Monday and flat going into the weekend and on top of that you don't need much leverage. This is the ultimate scenario that any subscriber can ask for. check it out.
https://www.mql5.com/en/signals/194095
· 2
durian
2016.05.21
need to work on risk management... that DD was too big, could have margin called many smaller accounts. position should have been stopped out weeks ago when it broke the first bull flag on the move up. good (lucky) recovery but I want to see a new risk management assessment posted before i continue subscribing.
jksynergyworks
2016.05.23
Usman, please try to tweak the system, the risk reward is not justifiable. I am looking forward to your changes and re-joining the signal.
Usman Maqbool
hang on tight and we shall hit the TP sooner than later. Wold markets were all to the upside in the asain and London session and NY is also to the upside. It should help gbp/aud come down further due to RISK ON sentiment in the markets.
· 2
Patrick Burns
2016.05.20
I am going short on sterling for the Yen and USD on a few positions. I am going to leave them open as I think they may open lower after the weekend. If you have to hold anything over the weekend, always wise to have dollars in your hand.
Timo Schroeter
2016.05.20
Looks like we are not going to keep those positions open over the weekend.
Nikola Skirmante
2016.05.21
Not for the first time you write about the fact that the system withstood the movement in 1000 points... But that doesn't merit your system ! It's just luck ! Almost a month to hold positions in the market and almost drained the account and be glad that you earned 6% THIS is SO dumb !
Usman, be a man and admit that it's just luck ! And recognize that after you introduced the changes and expanded the grid., your system has stopped working !
Cancel the signal and return the money for the subscription. Since we signed up initially for another system !
And you start to experiment with our money !
Do not do it !
You are not a man !
And in fact the liar !
Usman, be a man and admit that it's just luck ! And recognize that after you introduced the changes and expanded the grid., your system has stopped working !
Cancel the signal and return the money for the subscription. Since we signed up initially for another system !
And you start to experiment with our money !
Do not do it !
You are not a man !
And in fact the liar !
Usman Maqbool
Don't panic and sit tight and watch the price come your way after a massive run up retracement should follow and in the works. Brexit has started making headlines again and this is how the market are always reminded by smart money. If we are able to absorb a close to 1000 pips move against us and still floating, we can make it.
jksynergyworks
2016.05.20
I never said Usman is no good. If not, I won't have stick to the signal until today and managed to recover most of my equity. But having a huge drawdown is not what I have anticipated. I just hope that Usman can modify the plan to prevent that from happening. That's what he claimed (low drawdown) in his intro.
DutchTreat
2016.05.21
@jashv703 and @MichaelOurednik, if you know that there is a flavour of Martingale involved and you do not like this, why do you subscribe anyway? Maybe there was some luck involved, but profitable and professional traders tend to have more luck than those who loose money constantly.... There is no free lunch in this world....definitively not in trading forex. Relatively huge DDs are to be expected since we all trade with leverages of 1:500.... If it was 1:1, nobody at this platform would be interested to trade forex... Wish you all a nice and exiting weekend.
Usman Maqbool
Subscribers,
I read all comments and still here. I hear ya all and in the same boat. I was made very clear that these type of systems have the tendency to experience DD and sometimes massive DDs. This time we are experiencing close to 1000 pips DD which is huge but on the other hand we are still in the game which is equally important. I notice that a lot of people mention direct hedging all the time but it does not do much other than a temporary peace of mind. No one has the recipe to where we will break the hedge or close the buy side and than the sell side and make a gain or better yet a breakeven. Brexit is around the corner and in my opinion soon market will switch focus towards uncertainty in UK for upcoming BREXIT vote and it is normally very bearish for the currency and UK central bank is doing what it is suppose to do to support the GBP at time because they know it will decline in upcoming weeks. Now after 5 weeks of massive upward move GBP/AUD should retrace first and I will try my level best to save the boat during that time. There is not much that can be done at this time and I am holding on to the basket.
And for the above reason, I have introduced London Hawk where we are in and out the same day with predefined SL and not accumulated trades in a basket and also always flat going into the weekend and don't need bigger accounts and leverage to trade.
All I can suggest at this time is to sit tight. thank you for your patience.
I read all comments and still here. I hear ya all and in the same boat. I was made very clear that these type of systems have the tendency to experience DD and sometimes massive DDs. This time we are experiencing close to 1000 pips DD which is huge but on the other hand we are still in the game which is equally important. I notice that a lot of people mention direct hedging all the time but it does not do much other than a temporary peace of mind. No one has the recipe to where we will break the hedge or close the buy side and than the sell side and make a gain or better yet a breakeven. Brexit is around the corner and in my opinion soon market will switch focus towards uncertainty in UK for upcoming BREXIT vote and it is normally very bearish for the currency and UK central bank is doing what it is suppose to do to support the GBP at time because they know it will decline in upcoming weeks. Now after 5 weeks of massive upward move GBP/AUD should retrace first and I will try my level best to save the boat during that time. There is not much that can be done at this time and I am holding on to the basket.
And for the above reason, I have introduced London Hawk where we are in and out the same day with predefined SL and not accumulated trades in a basket and also always flat going into the weekend and don't need bigger accounts and leverage to trade.
All I can suggest at this time is to sit tight. thank you for your patience.
· 1
Timo Schroeter
2016.05.19
@Traderbaer: How can you lose much money if all positions are still open?!
Patrick Burns
2016.05.20
Is it not the case that certain events are factored into the market, for example, the Fed Reserve increasing interest rates late 2015, after a long period of expectation that it will occur? Isn't the rise of sterling the last few weeks nothing more than this? As you say, we may be entering a period of reversal of sterling's gains as we near 23rd June.
As for the actual result of the referendum, my personal view is that the people of The UK plc would never have been given this vote if there was any chance the outcome could be what the establishment doesn't want. I will be voting out, but the result will be to stay in.
As for the actual result of the referendum, my personal view is that the people of The UK plc would never have been given this vote if there was any chance the outcome could be what the establishment doesn't want. I will be voting out, but the result will be to stay in.
Usman Maqbool
London Hawk is now live:
https://www.mql5.com/en/signals/194095
At this stage the system looks for trades during London session.
- The leverage is 200:1
- Starting balance of my account is $500. CAD
- Max trades if triggered will be between 1 to 3 per session.
- Every trade has SL, TP with Breakeven and trailing stop feature.
- Normally the trade will last for 1 hour to 3 hours.
- Each trade will be set to 0.10
- No trade for Mondays due to lack of action at the start of the week.
Each trade size will be 0.10 (10,000 units of currency). If you want to lower your risk, please adjust your percentage of deposit participation to lower than 95% in signal settings.
Important: check the box where it says in signal settings "copy SL & TP" to YES to make sure that SL & TP are copied with the trade. Also if your leverage is lower than 200:1 then expect your trade lot size much lower than mine. There is not much that I can do there.
More important: Do not expect every day of the week to be profitable as there will be down days too. Look at the returns on monthly basis.
https://www.mql5.com/en/signals/194095
At this stage the system looks for trades during London session.
- The leverage is 200:1
- Starting balance of my account is $500. CAD
- Max trades if triggered will be between 1 to 3 per session.
- Every trade has SL, TP with Breakeven and trailing stop feature.
- Normally the trade will last for 1 hour to 3 hours.
- Each trade will be set to 0.10
- No trade for Mondays due to lack of action at the start of the week.
Each trade size will be 0.10 (10,000 units of currency). If you want to lower your risk, please adjust your percentage of deposit participation to lower than 95% in signal settings.
Important: check the box where it says in signal settings "copy SL & TP" to YES to make sure that SL & TP are copied with the trade. Also if your leverage is lower than 200:1 then expect your trade lot size much lower than mine. There is not much that I can do there.
More important: Do not expect every day of the week to be profitable as there will be down days too. Look at the returns on monthly basis.
· 2
artur.watrucki
2016.05.19
ok guys, let's take a look at the daily chart on GBP AUD...probably it will set a satanic cross...what is your opinion? Close it manually or wait another day? I'm with -1.750€ right now...
Usman Maqbool
2016.05.20
Don't panic and sit tight and watch the price come your way after a massive run up retracement should follow and in the works. Brexit has started making headlines again and this is how the market are always reminded by smart money. If we are able to absorb a close to 1000 pips move against us and still floating, we can make it.
Usman Maqbool
the gbpusd short is taken to in an attempt to cross hedge some of the exposure. GBPAUD bought / GBPUSD short = AUD short and USD bought. Again this is done on a best effort basis with a SL. we might hit SL on GBPUSD and book a loss but the idea is with today's US FOMC minutes , USD is gaining strength. GBPAUD is gaining strength because of the risk off sentiment that if US to hike rate, it's bearish for stock markets and what kind of uncertainty it will bring to the rest of the world economy??/ what if upcoming June rate hike from US slows down global growth. ?????. we will need to stick with the GBPAUD buy trade basket and wait for the price to retrace. there is nothing much that can be done at this point.
· 2
Forex-Jedi
2016.05.19
haha, yes, I also once thought that it might be a good strategy to join only after there is a huge DD XD
Usman Maqbool
Announcement:
London Hawk system will be released very soon here. It could be as early as this week. My starting account balance will be $500 with leverage of 200:1 and it will have 1 to two trades a day on GBPUSD, 0.10 (10k units of currency) with fixed SL and variable TP with trailing stop and breakeven feature. Stay tuned for more updates. thank you
London Hawk system will be released very soon here. It could be as early as this week. My starting account balance will be $500 with leverage of 200:1 and it will have 1 to two trades a day on GBPUSD, 0.10 (10k units of currency) with fixed SL and variable TP with trailing stop and breakeven feature. Stay tuned for more updates. thank you
· 5
Usman Maqbool
2016.05.18
Youssef - it's still there just not showing under signals due to experiencing drawdown and subscription will be permitted once DD is improved.
Usman Maqbool
+ NFP tomorrow
· 6
[Deleted]
2016.05.17
.. hence doomed to failure so to say....
durian
2016.05.18
@usman hey was the trade today 5/18 buy GBPAUD copied into the signal? for some reason it didnt copy in my metatrader4, but the GBPAUD sells from a week ago is still active. Do you know why?
Forex-Jedi
2016.05.18
profitprophet Your broker likely doesn´t allow hedging. Ask your broker about it. No hedgiing allowed means that you can´t open positions in opposite direction for one pair at the same time.
Usman Maqbool
Hello Subscribers,
First of all I want to thank you for your patience as we are now trading with bit higher distance between the trades which will have the trades basket takes bit longer to close but it will yield higher profits per trade basket because the TP will be higher for individual trades or the trade basket as a whole. This is in an attempt to reduce the DD/volatility and also in preparation for the upcoming brexit vote in June. I suggest to look at your profits on monthly basis rather than daily or even weekly. We will return to our normal trading conditions after the brexit vote.
In the mean time, I will soon begin testing/practicing London & NY breakout semi automatic strategy and the results will be shared to may be open a separate signal for that to compliment our existing system.
Be wise and don't get frustrated and jump between different systems otherwise you will reduce your chance of winning.
Regards
Usman
First of all I want to thank you for your patience as we are now trading with bit higher distance between the trades which will have the trades basket takes bit longer to close but it will yield higher profits per trade basket because the TP will be higher for individual trades or the trade basket as a whole. This is in an attempt to reduce the DD/volatility and also in preparation for the upcoming brexit vote in June. I suggest to look at your profits on monthly basis rather than daily or even weekly. We will return to our normal trading conditions after the brexit vote.
In the mean time, I will soon begin testing/practicing London & NY breakout semi automatic strategy and the results will be shared to may be open a separate signal for that to compliment our existing system.
Be wise and don't get frustrated and jump between different systems otherwise you will reduce your chance of winning.
Regards
Usman
· 12
Sergey Konshu
2016.05.06
Hi Usman. I have a similar strategy. But I trade on the EUR / USD. The most important thing with a strong bezotkaton trend - is to accept the loss and move on. I myself set the bar for a loss of 15%. The main thing to observe it and not to deviate from the rules. Here is a look - https://www.mql5.com/ru/signals/148869
Usman Maqbool
Aud destroyed. Let's have the dust settle before we come back. RBA slash rate.
· 6
Forex-Jedi
2016.05.03
Watch out for possible up-bounce on slow EMA in H1 and H4. Course will likely not go up or down before the slow EMA of H1 has reached the course. Why do you think the uo-trend of GBP/AUD is finished?
Usman Maqbool
2016.05.03
with this system we do not look for trends.
100 pips gap between trades have a lot of room for the price to move back and forth and keep booking profit. it is not price direction dependent.
100 pips gap between trades have a lot of room for the price to move back and forth and keep booking profit. it is not price direction dependent.
trader_sing
2016.05.06
Unfortunately, AUD isn't the only thing that has been destoyed. A nice system but I just don't have the capital or leverage to stay afloat.
Usman Maqbool
Hello Subscribers.
We will return Monday after RBA interest rate decision with GBP/AUD pair, same system. This time will increased distance of 100 pips between trades and starting lot size 0.01. This is an attempt to lower risk until brexit. By the increasing the distance between trades, we can withstand a lot more volatility with relatively smaller lot sizes in a basket of trades. thanks
We will return Monday after RBA interest rate decision with GBP/AUD pair, same system. This time will increased distance of 100 pips between trades and starting lot size 0.01. This is an attempt to lower risk until brexit. By the increasing the distance between trades, we can withstand a lot more volatility with relatively smaller lot sizes in a basket of trades. thanks
· 2
Pingshun Huang
2016.05.02
I still think instead of increasing gap size and reducing lots, we should just add direct hedges when lots are too big, and but a hard stop. Just using 0.01 will make the system not profitable at all. We could be sitting around all week just to get a couple of dimes.
And @kronos333 it's your responsibility to ensure your account balance and leverage align with Usman's system, either put in more money or don't use this system. You can't expect Usman to change strategies just for you. What if I only have $100, should Usman change the system for me too?
And @kronos333 it's your responsibility to ensure your account balance and leverage align with Usman's system, either put in more money or don't use this system. You can't expect Usman to change strategies just for you. What if I only have $100, should Usman change the system for me too?
kronos333
2016.05.02
SPHS Look at the description given by Usman, where he stated that he will ensure support of 3k accounts. I, like many users of this signal, am not going to add more money just because he wants to change the system. We will not resume the subscription if it happens.
Forex-Jedi
2016.05.02
But why not change the pair? How about AUD/JPY or AUD/NZD? I wonder if one should pick for this stratey a pair without GBP, USD and EUR. Ideal would be a pair where both currencies get more or less equally influenced by market news on EUR, USD and GBP. I think AUD/NZD may be such a pair.
Usman Maqbool
Guys also look at the gold digger test account. XAUUSD normally has a very clean reaction. Just throwing it out there that this pair can be traded on conservative settings until the brexit thing is over in PA real account. Let's open for comments and see what everyone thinks. thanks
· 1
Michael Poepel
2016.04.29
Gold Digger is looking very good on the signals side. I am also running an ICMarkets Demo02 Account, balance 10,000€. But high slippage is destroying the result on my account especially at night after 10 p.m. UTC). Hopefully a solution will be found...
olatunde jimoh
2016.04.29
i suggest, you should stick to the strategy you know very well, because some people are not fully recover from drawn down, continue to make more research on your gold digger and if you are 70% confident, i will follow you
durian
2016.05.01
usman, I'm in the US and the only brokers I can register with only offer 1:50 leverage max.. is this copy trade still do able? Would I just have to use 10x the deposit to match yours?
Usman Maqbool
Hello subscribers,
We will return to trade after Monday RBA interest rate decision and there is China PMI data coming out on Saturday as well. Both will be very high impact news and there is a chance of gap up or down for GBPAUD depending on bad or good Chinese data for the weekend. thanks.
We will return to trade after Monday RBA interest rate decision and there is China PMI data coming out on Saturday as well. Both will be very high impact news and there is a chance of gap up or down for GBPAUD depending on bad or good Chinese data for the weekend. thanks.
· 3
DutchTreat
2016.04.28
Please stick to your own strategy and tradingstyle with GBPAUD and do not get distracted by nervous subscribers! There will be always a big risk and danger in trading FX and there will be also an event some day....Brexit, Greece, Central Bank interest rate decisions, PMI's, FOMC's, wars etc. etc. It has been for decades like this and it will not change. Only the frequency changed. The biggest impact are those events which are not announced, like 911.... Again, follow your own trading method, nothing else!
Forex-Jedi
2016.04.28
I vote for manual trading combined with fundamental and technical analysis, especially pattern trading and studying the news carefully. And avoid GBP pairs until the Breixit issue is resolved.
Usman Maqbool
Subscribers,
First of all accept my apologies for the stress caused by this roller coaster ride last night. I did the best that I could and recovered as much as I could last night. The brexit BS has kept all of us on our toes for couple of weeks now. For now we are staying out of the market and pass FOMC. I am working on a plan and considering few options i.e.
Immediate options:
1)
lower the risk, increase the gap between trades, use equity guardian EA to monitor the running negative and set an automated hard stop if running negative reaches e.g -10% and start fresh.
or
2)
Avoid GBP pairs altogether until we pass Brexit event and use other pair and Equity guardian EA.
Near future options
1)
Trend Trade manually from daily charts with 2%-3% risk per trade with SL and TP at least 2 to 5 times of the risk that we take. With trend trading we reap bigger profits in few trades and small losses for the rest but overall it's less stress and safe guard the account. With this you hand pick trades from any major pair/cross pair that present the best odds of winning based on fundamentals and technical patterns.
2)
Use a grid system without martingale effect only in the direction of the trend with Guardian EA to protect the downside.
IF I think of more options I will keep adding to the list here.
Suggestions are welcome. Hang in there.
thank you for your patience.
First of all accept my apologies for the stress caused by this roller coaster ride last night. I did the best that I could and recovered as much as I could last night. The brexit BS has kept all of us on our toes for couple of weeks now. For now we are staying out of the market and pass FOMC. I am working on a plan and considering few options i.e.
Immediate options:
1)
lower the risk, increase the gap between trades, use equity guardian EA to monitor the running negative and set an automated hard stop if running negative reaches e.g -10% and start fresh.
or
2)
Avoid GBP pairs altogether until we pass Brexit event and use other pair and Equity guardian EA.
Near future options
1)
Trend Trade manually from daily charts with 2%-3% risk per trade with SL and TP at least 2 to 5 times of the risk that we take. With trend trading we reap bigger profits in few trades and small losses for the rest but overall it's less stress and safe guard the account. With this you hand pick trades from any major pair/cross pair that present the best odds of winning based on fundamentals and technical patterns.
2)
Use a grid system without martingale effect only in the direction of the trend with Guardian EA to protect the downside.
IF I think of more options I will keep adding to the list here.
Suggestions are welcome. Hang in there.
thank you for your patience.
· 10
Timo Schroeter
2016.04.27
Resizing the grid could lead to trades that are open for a long time before they close. This will kill the performance.
Also Brill and vudakov are right. If its a different strategy, it should be a new signal.
If you want to avoid the GBP pairs, which ones would you trade then?
Also Brill and vudakov are right. If its a different strategy, it should be a new signal.
If you want to avoid the GBP pairs, which ones would you trade then?
shloss
2016.04.27
First I want to say thank you Usman for your great job during the last hours-days. It could have better ending, but it could have been also much worse. I would have secured half of the profit lots before the US opening, but I was busy and it's too easy to speak now.
And especially thank you for the communication to the subscribers, great job again!
Regarding the future, I think planning on the calendar and judging the fundamentals could be the winning key, and I am speaking about _early exits_. They should always be an option on the table, and the right size on my opinion is the 1%-3% DD limit, money which can be normally gained during the following days (when maybe we are struggling and hoping and losing time also).
My wishes:
1) _early exits_ should be decided upon fundamental reasons or external unexpected variables, like the Obama speach of last week.
2) _early exits_ become more and more important as big news are approaching, and I mean even if the big news are 2 or 3 days in advance.
3) an early exit could also mean an inversion of the trade hedging with double lot size of the initial trades, your choice, situation by situation
4) I wouldn't mind if you switch to some scalping on news days when the EA is off..., you proved to be pretty good at it! Those who don't like that can always suspend the signal if you inform us in advance.
5) Finally, if you can manage it, I am in favour of diversification with another pair, as much as possible not correlated to GBPAUD but suitable to your "style" and fundamental knowledge.
And especially thank you for the communication to the subscribers, great job again!
Regarding the future, I think planning on the calendar and judging the fundamentals could be the winning key, and I am speaking about _early exits_. They should always be an option on the table, and the right size on my opinion is the 1%-3% DD limit, money which can be normally gained during the following days (when maybe we are struggling and hoping and losing time also).
My wishes:
1) _early exits_ should be decided upon fundamental reasons or external unexpected variables, like the Obama speach of last week.
2) _early exits_ become more and more important as big news are approaching, and I mean even if the big news are 2 or 3 days in advance.
3) an early exit could also mean an inversion of the trade hedging with double lot size of the initial trades, your choice, situation by situation
4) I wouldn't mind if you switch to some scalping on news days when the EA is off..., you proved to be pretty good at it! Those who don't like that can always suspend the signal if you inform us in advance.
5) Finally, if you can manage it, I am in favour of diversification with another pair, as much as possible not correlated to GBPAUD but suitable to your "style" and fundamental knowledge.
haydz27
2016.04.28
I like the idea of trend trading. Regarding the current strategy, fundamentals really need to be taken into account. For example it was common knowledge this week will be a volatile week due to news. It was also common knowledge Australia CPI was most likely going to be negative, therefore affect our trades in a negative way. This prompted me to want to hedge our trades by buying the pound before the news release occurred giving a tidy profit. But before even getting into this situation early exits with a small loss is best when such huge news affecting both pairs are on the horizon.
Usman Maqbool
I am trying to get rid of sells and opened buy positions to align with the gbp bullish momentum and also worse aud cpi number. chances to win is on the buy side. The idea is to recover the loss from closed sell trades with new buy orders to at least bring the account back to where we were. sit tight. buy side chance is higher. off course no guarantee but trying best here. This pair is beast and with fundamentals and bulls in control going into the aud worse news. I am certain we will come out of the sell loss + some more money. thanks
· 3
Timo Schroeter
2016.04.27
@sajjadmun: You have to go to the MT4 -> Options and disable the signal. Then you can close the open positions and they will not be reopened again.
You can enable it again when Usman is finished.
You can enable it again when Usman is finished.
kumawat
2016.04.27
I closed my trades with 100 loss and i thought i did early but now i can see usman closed with a loss of 500 i feel i did right thing was not greedy. i do not know why he did not closed at BEP he got two chances today.
I hope he should start after Us news and should be out of trades in next week AUD RBA interest rate, there is big possibility that RBA will cut rate and GBPAUD can up again. so very careful till next week RBA news.
I hope he should start after Us news and should be out of trades in next week AUD RBA interest rate, there is big possibility that RBA will cut rate and GBPAUD can up again. so very careful till next week RBA news.
Usman Maqbool
I expect the sentiment to shift in favour of AUD against the GBP at least until before the news time because of AUD CPI news this evening. It is called sentiment trading where traders are either closing/reducing their GBP/AUD buy exposure by booking partial/full profits and others trying to pick top and shorting the pair in an anticipation of WHAT IF the number comes out in a favour of AUD.
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Vi Dam Van
2016.04.27
@Timo Schroeter: I dont hate him and other person. We are retail trader, I dont want you, him or orther person lose. I say my best experience for him and other person. You want to lose 20% or 50% or blow your acc? If now GBPAUD drop 100 pip or 200 pip, what happen with your acc? Trading is business, it is not gambing. Final my comment. Thanks!