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Topic Rating: 4.9 Topic Rating: 4.9 Topic Rating: 4.9 Topic Rating: 4.9 Topic Rating: 4.9 Topic Rating: 4.9 (26 votes) 
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Learning Forex the Electrofx Way
results of strategies applied in practice, sharing some trades, thanking the founder of the site. discussing the methods described here as they relate to trades
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Snejanka
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January 31, 2017 - 01:40
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Hi everyone ... I think late entry most of the time is because of broker. Today I decided to enter via WavFX script INSTANT BUY ... The blue dot was my intended entry and you see where the order was opened. That's 11 pips difference although I restricted "monster slippage"to 5 pips in TM setting !!! I have not found out how to avoid this. Maybe will try with manual order but then I cannot use TM to manage my trade... Sjoerd, do you continue with Darwinex or completely switched to IC ?** Register Here for Free Membership to see this image/link **

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koeart
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January 31, 2017 - 04:44
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super nice trading Peter! looks like you are getting the hang of it 🙂 or something... i don't know how to say that in propper english 😉

@ snejanka.

for me darwinex has the better excecution but i need the lower spread with ICmarkets so i stay with them for now... and im not so technical with computers so if you have any question about the slow entry it's best to sent theo a mail about it.

your on the server right? so internet speed shouldend be a problem....

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juakali
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January 31, 2017 - 04:45
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UJ

 

uj.JPG

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koeart
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January 31, 2017 - 04:46
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nice one! i got the same trade 🙂

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juakali
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January 31, 2017 - 04:57
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Thanks Sjoerd. If I am indeed getting the hang of it (which is entirely proper English!) it is 100% down to your patient coaching.

I'm actually finding the 5 Renko fast setup easier so far than the slower ones - maybe because I get bored with looking at the slow ones and then jump into trades without a solid enough reason.

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fxstuntelaar
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January 31, 2017 - 04:58
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Hi all,

 

I have a question about something that is on my mind for some time now.

Suppose i will be proficient and experienced enough with the Electrofx way to be executing my trades like i should. I should have more profitable than losing trades right? I am still learning but improving myself so i hope in another year at most that goal would be reached.

 

In that situation is it realistic to expect a minimum average profit of 1 % per trading day, daytrading, with the same amount of risk (1%) per trade?

 

What do you think? Or is that question too vague?

 

Greetz Cornelis

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koeart
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January 31, 2017 - 05:07
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good to hear Peter!! 

there will be times that you get a bit more losses but thats all part of the game. just hold on to your system and you will be fine 🙂 and yes it's so important to find a style that fits your personality for trading.... you are like me, no patience?

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koeart
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January 31, 2017 - 05:26
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fxstuntelaar said
Hi all,

 

I have a question about something that is on my mind for some time now.

Suppose i will be proficient and experienced enough with the Electrofx way to be executing my trades like i should. I should have more profitable than losing trades right? I am still learning but improving myself so i hope in another year at most that goal would be reached.

 

In that situation is it realistic to expect a minimum average profit of 1 % per trading day, daytrading, with the same amount of risk (1%) per trade?

 

What do you think? Or is that question too vague?

 

Greetz Cornelis  

if you are doing it right you should win more than 50% of the time. if not you need to increes your risk vs reward ratio. theo made a video about this im shure about that

but if you trade electroFX style you will have a much better winrate than 50% 🙂

and much more than 1% a day risk and reward... if i take 5 trades a have 10% risk... 2% x 5 = 10% but if i win them all at a 1:1 than i make 10%... if you do 1% per trade than it's 5% offcourse.

but 30% a month is ok but you can get a lot more or losing a lot haha ;) 

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fxstuntelaar
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January 31, 2017 - 06:15
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Thanks for your reply koeart. So i understand it's not unrealistic.

Trying for a higher R:R when you win less trades sounds logical but i think the chance of not getting to your TP increases as well.

 

Gr. Cornelis

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koeart
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January 31, 2017 - 06:27
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the solution for that is just taking better trades! 

you know your Sl and TP levels so it all depents on how tight your trigger is.

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koeart
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January 31, 2017 - 06:34
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wow! my 1:2,3 winner looks like a 1:1 now omgwhat a move!!

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down to 2 charts guys...four charts is to much going on in my head... i need to know my limmits 😉

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fxstuntelaar
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January 31, 2017 - 06:34
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koeart said
the solution for that is just taking better trades! 

:-))

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koeart
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January 31, 2017 - 06:37
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fxstuntelaar said

koeart said
the solution for that is just taking better trades! 

:-))  

i mean better R:R trades 😉

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Theo Patsios
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January 31, 2017 - 07:37
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You guys are giving me high speed entry chart withdrawals money

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koeart
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January 31, 2017 - 09:20
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i don't know what you mean by that exactly.... but your not my intro broker owshh if im right.....

UJ kicked me out before racing to my TP 🙁

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koeart
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February 1, 2017 - 06:22
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the main chart is back to take countertrend trades (and general location) on the M3

so far so good.

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UJ made it to TP at the end.... need to work on my set and forget trading skills for now i guess

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juakali
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February 1, 2017 - 06:36
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gu.JPG

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fxstuntelaar
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February 1, 2017 - 06:40
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The last 2 trading days i left my pc after a pending order was hit, it's still hard for me to see pullbacks once i'm in a profit...

Set and forget works better for me. 🙂

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koeart
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February 1, 2017 - 09:31
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nice job guys!

one more 1:2 tarde. got lucky with not hiting my SL on this one... 

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fxstuntelaar
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February 1, 2017 - 10:07
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It's not luck but skill the way you trade 😉

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