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Re: Daily Forex Trade Alerts by surveycash(m): 10:55am On Oct 28, 2012
honeric01:

Mr man, what's really your problem? just tell me why you are sweating on another person's personal decision, he's doing this on his own and i don't see why you should be here shouting him down or did he force you to take his calls? some people sef angry

I tire oo. I wanted to keep mute but not without the risk of readers believing his assertions.
Re: Daily Forex Trade Alerts by surveycash(m): 11:10am On Oct 28, 2012
jydolikz:
You said you did not open this thread to prove anything but you said in your first post on this thread that you want to rebuild confidence and give hope to the hopeless in forex trading. Please my brother,can you just check the mt4stats page you posted and tell me why is not showing anything. Stop fooling yourself.
You can't even give good explanation or advise on percentage risk. I wonder the kind of hope and confidence you are here to give.
Why did you even think of starting a thread on Forex trading when you can't even make a reasonable contribution at FOREX TRADE ALERT SEASONS?

Try this http://mt4pips.com/surveycash
Re: Daily Forex Trade Alerts by surveycash(m): 1:52pm On Oct 28, 2012
surveycash:
Money Management (MM) - Part 1

This is a very strong tool to forex trading success. Without this, a trader could lose his account to margin call. So, what is money management in fx? Simply put, MM is the risk percentage alloted (RPA) to a particular capital/equity. As there are different traders with different strategies, so are there different RPA. So, how much is the RPA? This depends on the risk aversion/appetite of the trader. Some suggest 2 - 10% as RPA. Say you have chosen an RPA of 5% on your 1000usd account (which is 50usd). How do you put this on your chart? The problem most trader have is how to translate the chosen RPA on their trade. The essence of this post is to show you how.

To determine RPA, you need to know the price/pip (ppp) and the lot size. The lot is calculated using;
Lot = ( capital x leverage )
-------------------
---------------- eqn (1)
( Ask Price x 100, 000 )

This is not complex. It is just like saying you have N1000 and you need to buy some pen @ N10/dozen, how many dozens could you buy?
Dozens = (capital)/(Price per dozen) ---------------- eqn (2)
= N1000/N10
= 100
So with N1000, you can buy 100 dozens of pen.

In eqn (1), 100,000 makes a standard lot and in eqn (2), 12 make a standard dozen.

The lot in eqn (1) is actually the maximum allowable size your 1000usd can buy for a given pair as different pairs have different ask price (price per pip)

----------------------
To be continued...



Facebook version here: http://www.facebook.com/groups/233857170077482/doc/238433382953194/

This is a continuation of Money Management - part I above.

As said earlier, to calculate your risk, you need to know the price per pip (ppp) of the pair. Most of the major currencies have a ppp of $10usd/lot. Some like the EJ and GJ have a ppp of $12usd/lot.

Say for instance, you want to risk 5% of your $1000 account, here is how you do it;

5% of 1000 = 5/100 x 1000 = $50

price per pip = $10usd/lot.

Stoploss pips = $50/$10

= 5 pips

The minimum pips you can use for sl is 10 on mt4, so an sl of 5pips will not be accepted.

Reduce price per pip by 10.

Therefore,

price per pip = $1/0.1lot

This means, you make/lose a dollar per pip.

Stoploss pip = $50/$1

= 50 pips

So with an sl of 50pips/trade or 25pips/2 trades, you are risking 5% of your account on the trade(s).

Calculating Risk- Reward- Ratio

This is a loss:profit ratio which determines trade profitability in the long run. An R:R of

1:1 means you are risking $1 to gain $1 x 1

1:1.5 means you are risking $1 to gain $1 x 1.5

1:3 means you are risking $1 to gain $1 x 3

You should try using an R:R of at least 1:1.

Any questions? Please drop your comments.

Thanks to you all and critics like jydolikz
Re: Daily Forex Trade Alerts by surveycash(m): 10:13pm On Oct 28, 2012
No clear signal to enter a trade now. So, we are staying clear till 2am...
Re: Daily Forex Trade Alerts by surveycash(m): 2:24am On Oct 29, 2012
sell EURJPY at 102.91-> sl: 103.41 tp: 102.51
sell EURUSD at 1.2918 -> sl: 1.2948 tp: 1.2898
sell 1.20 AUDUSD at 1.0348 -> sl: 1.0378 tp: 1.0328

sell limit GBPJPY at 128.24 sl: 128.64 tp: 127.74
sell limit GBPUSD at 1.6100 sl: 1.6140 tp: 1.6050
Re: Daily Forex Trade Alerts by surveycash(m): 11:15pm On Oct 29, 2012
sell EURJPY at 102.95 -> sl: 103.25 tp: 102.65
sell AUDUSD at 1.0328 -> sl: 1.0368 tp: 1.0298
sell GBPJPY at 127.85 -> sl: 128.25 tp: 127.55
sell GBPUSD at 1.6027 -> sl: 1.6057 tp: 1.5997
sell EURUSD at 1.2902 -> sl: 1.2932 tp: 1.2872
Re: Daily Forex Trade Alerts by surveycash(m): 10:11pm On Oct 30, 2012

BUY EU, GU, EJ, GJ & AU all for 30 pips
Re: Daily Forex Trade Alerts by surveycash(m): 10:31pm On Oct 31, 2012

SELL EU, GU, EJ, GJ & AU all for 20 pips and sl 50pips

Re: Daily Forex Trade Alerts by surveycash(m): 10:49pm On Oct 31, 2012
surveycash:
SELL EU, GU, EJ, GJ & AU all for 20 pips and sl 50pips


I want to use this opportunity to welcome all New Members to this group. I am wishing you all a wonderful and pipful stay with us by the grace of God.

I want to REMIND us all that Trade SIGNALS are posted here btw 10 - 11pm Sunday to Thursday. To mazimize them, be online around this time. May God bless us all. Amen!
Re: Daily Forex Trade Alerts by surveycash(m): 6:02am On Nov 02, 2012


buy GBPJPY at 129.28 -> sl: 128.98 tp: 129.58
buy EURJPY at 103.75 -> sl: 103.45 tp: 104.05
buy AUDUSD at 1.0399-> sl: 1.0369 tp: 1.0429
sell EURUSD at 1.2942 -> sl: 1.2972 tp: 1.2912
sell GBPUSD at 1.6131 -> sl: 1.6181 tp: 1.6111
Re: Daily Forex Trade Alerts by surveycash(m): 3:00pm On Nov 02, 2012
surveycash:

buy GBPJPY at 129.28 -> sl: 128.98 tp: 129.58
buy EURJPY at 103.75 -> sl: 103.45 tp: 104.05
buy AUDUSD at 1.0399-> sl: 1.0369 tp: 1.0429
sell EURUSD at 1.2942 -> sl: 1.2972 tp: 1.2912
sell GBPUSD at 1.6131 -> sl: 1.6181 tp: 1.6111

Thank God for today. 4 wins, 1 loss with an overall of 90pips gained. Shop close till Sunday 10pm NGT
Re: Daily Forex Trade Alerts by surveycash(m): 9:16pm On Nov 04, 2012
Welcome to a new trade week. We thank God for the gift of life and pray for his guidance and mercy. he is the owner of riches and wealth. May he bless us with it. Amen.

Next Alert: 10:00pm today.
http://www.facebook.com/groups/233857170077482/
Re: Daily Forex Trade Alerts by surveycash(m): 7:26am On Nov 05, 2012
Most of the pairs are bearish. We expect a price correction which is typical of Mondays. For this reason, instead of going short at market price, we are placing a 20pips sell limit on all the pairs as follows:

sell limit EURUSD at 1.2842 sl: 1.2872 tp: 1.2802
sell limit GBPUSD at 1.6029 sl: 1.6069 tp: 1.5989
sell limit EURJPY at 103.32 sl: 103.62 tp: 102.92
sell limit GBPJPY at 128.94 sl: 129.24 tp: 128.54
sell limit AUDUSD at 1.0360 sl: 1.0390 tp: 1.0310

-----------------------------------------------------------------------------------------
This signal is provided as is Daily Forex Trade Alert and though we have taken utmost care and used the best available tools to generate these signals. By using it you agree to release us from every liability arising directly or indirectly from the use of same signals.Although the source of the signals has been producing about 84% accurate signals, we will advice that you should try it on your demo account before you use them on your live account. Remember Online Forex carries a degree of risk so do not use borrowed or money you cannot afford to lose to trade Forex. Always make sure you apply money management, high lot (volume) can be dangerous. Never enter a trade with more than 10% of your account size.

Have a nice trading day
Re: Daily Forex Trade Alerts by fados4sure(m): 10:16am On Nov 05, 2012
surveycash: Most of the pairs are bearish. We expect a price correction which is typical of Mondays. For this reason, instead of going short at market price, we are placing a 20pips sell limit on all the pairs as follows:

sell limit EURUSD at 1.2842 sl: 1.2872 tp: 1.2802
sell limit GBPUSD at 1.6029 sl: 1.6069 tp: 1.5989
sell limit EURJPY at 103.32 sl: 103.62 tp: 102.92
sell limit GBPJPY at 128.94 sl: 129.24 tp: 128.54
sell limit AUDUSD at 1.0360 sl: 1.0390 tp: 1.0310

-----------------------------------------------------------------------------------------
This signal is provided as is Daily Forex Trade Alert and though we have taken utmost care and used the best available tools to generate these signals. By using it you agree to release us from every liability arising directly or indirectly from the use of same signals.Although the source of the signals has been producing about 84% accurate signals, we will advice that you should try it on your demo account before you use them on your live account. Remember Online Forex carries a degree of risk so do not use borrowed or money you cannot afford to lose to trade Forex. Always make sure you apply money management, high lot (volume) can be dangerous. Never enter a trade with more than 10% of your account size.

Have a nice trading day
My friend, you can't sell Eur/Usd in that position. Your entry position is a resistance and any attenpt for Eur/Usd to break that position, you will loose.
2ndly, your risk to reward ratio is bad and in the long run, you will hardly make anything..
Re: Daily Forex Trade Alerts by surveycash(m): 11:14am On Nov 05, 2012
fados4sure:
My friend, you can't sell Eur/Usd in that position. Your entry position is a resistance and any attenpt for Eur/Usd to break that position, you will loose.
2ndly, your risk to reward ratio is bad and in the long run, you will hardly make anything..

Sir, thank you for the contribution. EU refuse to break that resistance, so I won...lol.All the pending orders were filled and TP has been taken for 4/5 of the trades. I can show you the account history if you care but I dont think that is necessary. AU is currently running in the positive. I use and RRR of 0.75:1, 1:1 or 1:1.75 depending on the set up.
Re: Daily Forex Trade Alerts by surveycash(m): 11:17am On Nov 05, 2012
surveycash: Most of the pairs are bearish. We expect a price correction which is typical of Mondays. For this reason, instead of going short at market price, we are placing a 20pips sell limit on all the pairs as follows:

sell limit EURUSD at 1.2842 sl: 1.2872 tp: 1.2802
sell limit GBPUSD at 1.6029 sl: 1.6069 tp: 1.5989
sell limit EURJPY at 103.32 sl: 103.62 tp: 102.92
sell limit GBPJPY at 128.94 sl: 129.24 tp: 128.54
sell limit AUDUSD at 1.0360 sl: 1.0390 tp: 1.0310

-----------------------------------------------------------------------------------------
This signal is provided as is Daily Forex Trade Alert and though we have taken utmost care and used the best available tools to generate these signals. By using it you agree to release us from every liability arising directly or indirectly from the use of same signals.Although the source of the signals has been producing about 84% accurate signals, we will advice that you should try it on your demo account before you use them on your live account. Remember Online Forex carries a degree of risk so do not use borrowed or money you cannot afford to lose to trade Forex. Always make sure you apply money management, high lot (volume) can be dangerous. Never enter a trade with more than 10% of your account size.

Have a nice trading day


ALERT! ALERT!! ALERT!!!
TP for AU modified to 1.0330. Take Note!
Re: Daily Forex Trade Alerts by dagr8(m): 12:36pm On Nov 05, 2012
surveycash:

Sir, thank you for the contribution. EU refuse to break that resistance, so I won...lol.All the pending orders were filled and TP has been taken for 4/5 of the trades. I can show you the account history if you care but I dont think that is necessary. AU is currently running in the positive. I use and RRR of 0.75:1, 1:1 or 1:1.75 depending on the set up.
No need to show account history, i also won 4/5 just waiting 4 AU... am wit u Boss
Re: Daily Forex Trade Alerts by surveycash(m): 1:38pm On Nov 05, 2012
surveycash: Most of the pairs are bearish. We expect a price correction which is typical of Mondays. For this reason, instead of going short at market price, we are placing a 20pips sell limit on all the pairs as follows:

sell limit EURUSD at 1.2842 sl: 1.2872 tp: 1.2802
sell limit GBPUSD at 1.6029 sl: 1.6069 tp: 1.5989
sell limit EURJPY at 103.32 sl: 103.62 tp: 102.92
sell limit GBPJPY at 128.94 sl: 129.24 tp: 128.54
sell limit AUDUSD at 1.0360 sl: 1.0390 tp: 1.0310

-----------------------------------------------------------------------------------------
This signal is provided as is Daily Forex Trade Alert and though we have taken utmost care and used the best available tools to generate these signals. By using it you agree to release us from every liability arising directly or indirectly from the use of same signals.Although the source of the signals has been producing about 84% accurate signals, we will advice that you should try it on your demo account before you use them on your live account. Remember Online Forex carries a degree of risk so do not use borrowed or money you cannot afford to lose to trade Forex. Always make sure you apply money management, high lot (volume) can be dangerous. Never enter a trade with more than 10% of your account size.

Have a nice trading day


AU wants to initiate a correction which my sl may not overcome. So I closed out my AU trade. Follow me if you care.
Re: Daily Forex Trade Alerts by surveycash(m): 1:40pm On Nov 05, 2012
dagr8:
No need to show account history, i also won 4/5 just waiting 4 AU... am wit u Boss

I have closed out AU with 9pips. I dont like surprises.
Re: Daily Forex Trade Alerts by surveycash(m): 10:23pm On Nov 05, 2012
sell AUDUSD at 1.0361 -> sl: 1.0391 tp: 1.0331
sell GBPJPY at 128.23 -> sl: 128.53 tp: 127.92
sell EURJPY at 102.68 -> sl: 102.96 tp: 102.36
sell GBPUSD at 1.5975 -> sl: 1.6005 tp: 1.5945
sell EURUSD at 1.2789 -> sl: 1.2819 tp: 1.2759

-----------------------------------------------------------------------------------------
This signal is provided as is Daily Forex Trade Alert and though we have taken utmost care and used the best available tools to generate these signals. By using it you agree to release us from every liability arising directly or indirectly from the use of same signals.Although the source of the signals has been producing about 84% accurate signals, we will advice that you should try it on your demo account before you use them on your live account. Remember Online Forex carries a degree of risk so do not use borrowed or money you cannot afford to lose to trade Forex. Always make sure you apply money management, high lot (volume) can be dangerous. Never enter a trade with more than 10% of your account size.

Have a nice trading day
Re: Daily Forex Trade Alerts by surveycash(m): 4:34am On Nov 06, 2012
The U.S. Presidential Election is finally here and it is one of the tightest races in recent memory. U.S. voters will go to the polls on today (Tuesday, Nov 6, 2012 ) and by tomorrow evening hopefully, we will know whether President Obama has been elected for a second term or if Mitt Romney will become the 45th President of the United States.

On Election Day in 2008, risk appetite was strong with gains seen in the EUR/USD, USD/JPY and stocks. However on the day that followed, the EUR/USD flat lined while USD/JPY and the S&P 500 fell sharply lower. The price action of currencies and equities on the day after the election did not reflect the people's disappointment with the results - quite the contrary, America just made history by voting in its first ever African American President. Instead the weakness in USD/JPY and the S&P 500, which began the day after the election and continued for 2 weeks to follow reflected the market's concern about the impact of Democratic policies.

Republicans are generally considered more business friendly than Democrats and while there have been a number of reports that claim Democrats are more positive than Republicans for stocks, investors will still react impulsively.

Here are 4 Ways that the U.S. Election could Impact the Dollar:

1. General Economic Policies - We already touched on general economic policies. Democrats tend to be less business friendly and President Obama specifically aims to close the budget gap by increasing taxes on multinational corporations that ship jobs overseas, the oil and gas industry, high income individuals, capital gains and dividends. Romney on the other hand is calling for broad based tax cuts. Which plan will effectively turn the economy and deficit around is a completely different discussion but there mere prospect of Obama's policies hurting business could be enough to drive a reaction similar to 2008 where stocks and USD/JPY fell.

2.Handling of the Fiscal Cliff - While the winner's economic policies will have a significant impact on the handling of the fiscal cliff, the issue that we want to address is which winner will be more effective in getting Congress to agree on a solution. Since the Republicans have been blocking President Obama's plans to deal with the fiscal cliff, Mitt Romney may have an easier time breaking the political gridlock, which would be positive for the dollar.

3. Federal Reserve - If President Obama is reelected, he will most likely keep Ben Bernanke as the head of the Federal Reserve. Romney on the other hand has pledged to replace Ben Bernanke as Fed Chairman, which could cause significant volatility in the financial markets. The potential uncertainty would be significantly negative for the financial markets and deal a major blow to currencies and equities. Also Romney's choice of replacement would most likely be someone who is less dovish than Bernanke, which could be positive for the dollar.

4. China Policy - President Obama's administration has taken a subtler, behind closed doors approach to getting China to appreciate its currency. Mitt Romney has made it known that he would brand China a currency manipulator shortly after taking office. Doing so, could set off a trade war that may prompt China to threaten to dump its massive holding of U.S. dollars and U.S. Treasuries, which could pose a major risk to the U.S. recovery.

Overall, President Obama's policies are more negative for the dollar than Mitt Romney's even if they prove to be more effective in bolstering the U.S. economy in the long term. InTrade gives President Obama a 67% chance of winning the election but his victory is far from certain.

Source:fxstreet.com
http://www.facebook.com/groups/dailyforextradealerts/doc/241567669306432/
Re: Daily Forex Trade Alerts by buzzingstreet: 11:42am On Nov 06, 2012
Thanks,for giving the information about forex trading.
Re: Daily Forex Trade Alerts by surveycash(m): 2:17pm On Nov 06, 2012
buzzingstreet: Thanks,for giving the information about forex trading.

My pleasure sir.
Re: Daily Forex Trade Alerts by surveycash(m): 10:37pm On Nov 07, 2012

sell GBPUSD at 1.5986 -> sl: 1.6026 tp: 1.5936
sell limit AUDUSD at 1.0421 sl: 1.0451 tp: 1.0371
sell limit AUDUSD at 1.0421 sl: 1.0451 tp: 1.0371
sell limit EURJPY at 102.28 sl: 102.58 tp: 101.78
sell limit GBPJPY at 127.88 sl: 128.18 tp: 127.38

-----------------------------------------------------------------------------------------
This signal is provided as is Daily Forex Trade Alert and though we have taken utmost care and used the best available tools to generate these signals. By using it you agree to release us from every liability arising directly or indirectly from the use of same signals.Although the source of the signals has been producing about 84% accurate signals, we will advice that you should try it on your demo account before you use them on your live account. Remember Online Forex carries a degree of risk so do not use borrowed or money you cannot afford to lose to trade Forex. Always make sure you apply money management, high lot (volume) can be dangerous. Never enter a trade with more than 10% of your account size.

Have a nice trading day
Re: Daily Forex Trade Alerts by surveycash(m): 11:18am On Nov 08, 2012
surveycash:
sell GBPUSD at 1.5986 -> sl: 1.6026 tp: 1.5936
sell limit AUDUSD at 1.0421 sl: 1.0451 tp: 1.0371
sell limit AUDUSD at 1.0421 sl: 1.0451 tp: 1.0371
sell limit EURJPY at 102.28 sl: 102.58 tp: 101.78
sell limit GBPJPY at 127.88 sl: 128.18 tp: 127.38

Am seeing greens. God, I thank you.
Re: Daily Forex Trade Alerts by surveycash(m): 10:29pm On Nov 08, 2012
buy GBPUSD at 1.5985-> sl: 1.5955 tp: 1.6025
buy EURUSD at 1.2753 -> sl: 1.2713 tp: 1.2803
Re: Daily Forex Trade Alerts by surveycash(m): 7:33am On Nov 09, 2012
surveycash: buy GBPUSD at 1.5985-> sl: 1.5955 tp: 1.6025
buy EURUSD at 1.2753 -> sl: 1.2713 tp: 1.2803

buy AUDUSD at 1.0428 -> sl: 1.0398 tp: 1.0458
buy EURJPY at 101.64 -> sl: 101.34 tp: 101.94
buy GBP 127.34 -> sl: 127.04 tp: 127.64
Re: Daily Forex Trade Alerts by fxbomovi: 11:14pm On Nov 09, 2012
Keep up the good job.
More greens next week.

surveycash:

buy AUDUSD at 1.0428 -> sl: 1.0398 tp: 1.0458
buy EURJPY at 101.64 -> sl: 101.34 tp: 101.94
buy GBP 127.34 -> sl: 127.04 tp: 127.64
Re: Daily Forex Trade Alerts by surveycash(m): 7:19pm On Nov 11, 2012
How Successful Traders Think

I'm thinking of writing a book titled "How Successful Traders Think". I need contributions from gurus in the house. How do you think?
................................................
The difference between a successful trader and an unsuccessful one could be a change in attitude or psychology. Having been through both roads, this is how I think when the feeling accomplishment over-shadows me... smiley

1. Willing to create rules:
I have not yet encountered a person interested in trading who didn't resist the notion of creating a set of rules. We agree on the one hand that rules make sense, but we really have no intention of creating, let alone, sticking to them. It is a common saying that “have a plan and trade your plan”. How many of us have a plan? Some of us that have those plans have them instilled in our minds by others. The successful trader believes in creating rules which he is willing to follow to the letter but the unsuccessful one believes he should use the rules of a guru.

2. Takes responsibility


Trading is a personal choice with immediate outcome. Remember, nothing happens until we decide to start; it lasts as long as we want; and it doesn't end until we decide to stop. Price is always in constant motion. Until, you take a position, nothing happens. The unsuccessful trader finds it difficult to take responsibility for a losing trade but blames it on the mentor while the successful traders believes losing is part of the game.

3. Self-sufficient
The successful trader is always contented with what the market gives him. He believes there is abundance in the market and so waits for a better opportunity to pull the trigger. The unsuccessful one thinks opportunity lost is opportunity gone so he takes every trade exposing himself to overtrading with the attendant risks of drawdowns and/or margin call.

4. Simplicity

The successful trader believes that a simple trading strategy is enough to make consistent profits while the unsuccessful one believes there is a complex trading system that the successful traders use that give them an edge over the unsuccessful ones. They are constantly in search of the “holy grail”.

To be continued….
...............................
Contributions will be highly appreciated.

Re: Daily Forex Trade Alerts by surveycash(m): 11:02pm On Nov 11, 2012

sell AUDUSD at 1.0392 -> sl: 1.0422 tp: 1.0352
sell EURJPY at 101.01 ->sl:101.31 tp:100.51

sell limit EURUSD at 1.2720 ->sl:1.2750 tp:1.2690
sell limit GBPUSD at 1.5921 ->sl:1.5951 tp:1.5871
sell limit GBPJPY at 126.47 ->sl:126.77 tp:125.97

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