Community
Blog
alifari's Blog

alifari's Blog

Avatar

DAY 13 - TRADE EXPECTANCY

alifari Posted 13 Aug.  in #Trader's blog #Trade #Expectancy
Trade expectancy is one of the most important aspect of trading and I firmly believe that in order to succeed in this business one should have numerous strategies under your arsenal, so that you have ample trading opportunities day in day out regardless of market condition.
Moreover, as a trader you have to master strategies which could be traded on multiple time frames, hence providing more trading opportunities.
For example, you trade 3 different strategies which provide an average 10 trades…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

DAY 4 - GBPUSD TRADE UPDATE

alifari Posted 4 Jan.  in #Trader's blog #Trade #Gbpusd
First trade of the month, entered long trade on GBPUSD on retest of support level. Although this pair was drifting lower, but there was lack of bearish momentum and price action hinted some buying interest around that support level.
Entered with a 100 pips take profit and stop loss, but was willing to cut trade if there was clean breakout of support level. Actual drawdown on this trade was around 14 pips, so price did exactly as anticipated. With FOMC Minutes scheduled for tonight, some whipsaw …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

DAY 17 - TRADE EXPECTANCY

alifari Posted 17 Nov.  in #Trader's blog #Trade #Expectancy
Trade expectancy is one of the most important aspect of trading and I firmly believe that in order to succeed in this business one should have numerous strategies under your arsenal, so that you have ample trading opportunities day in day out regardless of market condition.
Moreover, as a trader you have to master strategies which could be traded on multiple time frames, hence providing more trading opportunities.
For example, you trade 3 different strategies which provide an average 10 trades…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

DAY 9 - MICRO MANAGING TRADES

alifari Posted 9 Nov.  in #Trader's blog #Trade #Micro #Managing
In my opinion, micro-management is a huge performance killer for most traders. Here are things traders do when they micro-manage their trades.
  1. Watching trades tick for tick
  2. Moving to lower time frames, once in a trade
  3. Looking for outside confirmation (social media, forums, news sites that have usually nothing to do with your system)
  4. Constantly moving around stop loss and take profit target
…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

DAY 7 - EURAUD TRADE UPDATE

alifari Updated 7 Oct.  in #Trader's blog #Trade #Update #Euraud
Today, we have seen volatile moves on GBP Pairs. These types of moves are always on the cards when major developments are expected to occur for a Country's economy. Under current circumstances GBP remain one of the most riskiest currency to trade, as such I would not be trading it for the next few months.
On the other hand, my first trade of the contest month closed today with 150 pips in profit. EURAUD buy trade was entered at important support level at 1.4593 with take profit target the opposi…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

1 Comments
k_morocco avatar
k_morocco 7 Oct.

nice trade , good luck with the contest

orto leave comments
Avatar

DAY 9 - A WINNING START - EURAUD TRADE ANALYSIS

alifari Posted 9 Sep.  in #Trader's blog #Analysis #Trade #Euraud
"[b]You have to know your setups and their probabilities. Then, once you see them you
must act with conviction and without hesitation"
[/b]First trade of September contest month, a buy limit order on EURAUD triggered couple of days ago and closed today with +193 pips and around 50K in profit.
The trade was taken based on historical level where we have seen massive buying in past, plus recent price action formed a Weekly demand zone. Stop loss was placed below the previous lows at 1.4420 with take pro…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

DAY 28 - HAVE A PLAN - TRADE YOUR PLAN

alifari Updated 28 Aug.  in #Trader's blog #Trade #Plan
“A losing trade is not necessarily a bad trade. A bad trade is when you did not follow your Trading Plan.
Accept your mistake, learn from it, and move on. The big enemy is always between our ears"

Follow your trading plan with patience and discipline, have proper risk management and the money will come to you. When I started, out I lost lot of money because all I wanted was more money. I was dreaming to get a luxury car, new house etc. but I did not have a proper trading plan, did not follow ris…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

DAY 17 - MISSING A TRADE

alifari Updated 17 Aug.  in #Trader's blog #Missing #Trade
"Don't be afraid of losing, be afraid of playing a game and not learning something" (Dan Heisman)

Stop Getting Frustrated on Missing a Trade
As a forex trader, one of the most frustrating feeling occur when you have planned your entry, stop loss and take profit and placed a limit order and price slowly approaching your entry point and suddenly it reverse and continue to march along in direction of your planned take profit and eventually hit it and you sit and wonder, if only my order was couple…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

DAY 28 - USDCAD & EURCAD TRADES UPDATE

alifari Posted 28 July  in #Trader's blog #Trade #Update #Usdcad #Eurcad
Couple of trades triggered this morning and both closed with nice profit. The trade was entered on retest of Daily demand zone on USDCAD & EURCAD.
The general trend remain bullish, as price continues to make higher highs and higher lows on USDCAD and EURCAD often follows USDCAD, so entered both trades with maximum lot size. Stop Loss and Take Profit was set at logical levels, but decided to cut off trade as price approached important resistance level.
USDCAD +54 Pips Profit
EURCAD +79 Pips Profit
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

DAY 3 - TRADE EXPECTANCY

alifari Posted 3 July  in #Trader's blog #Trade #Expectancy
Trade expectancy is one of the most important aspect of trading and I firmly believe that in order to succeed in this business one should have numerous strategies under your arsenal, so that you have ample trading opportunities day in day out regardless of market condition.
Moreover, as a trader you have to master strategies which could be traded on multiple time frames, hence providing more trading opportunities.
For example, you trade 3 different strategies which provide an average 10 trades…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
More