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Last month few trading forecasts were presented in form of an article for your kind reading and comments. The trades were of risk reward ratio from 1:2 to 1:4, while the win loss ratio (which is not that important) was 83%.Let's review those trades in this article and few new trades forecasts would be presented for your kind review.Forecast 1: AUD/CAD, Go long at 1.0160 for target of 1.0440, SL 1.01 (RRR 1:4)Review: The price came to the lows of 1.0110 and without hitting the Stop Loss, went upside for a high of 1.0525, giving us the 280 pips as expected from the trade.Forecast 2: GBP/NZD, go short from 2.17 for 1.9 (RRR 1:4)Review: The price moves down halfway, without giving us an entry. The daily chart made a nice bearish gartley harmonic pattern and price went lower after making three confirmed divergences on hourly chart.Forecast 3: EUR/NOK, go short from 7.86 for 7.73, SL 7.79 (RRR 1:3)Review: The pair indeed went south, giving us perfect entry at 7.86, as the high was made at 7.8650 on 29 Nov. The target of 1300 pips was achieved in 1 day!Forecast 4: USD/NOK, go short from 5.79 for 5.48, SL 6.1 (RRR 1:2)Review: This trade got entry and is still ON. With a unrealized profit o…
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ritesh avatar
ritesh 13 Dec.

@doctortyby: the trades are a part of the trading journal and article was made based on few of the trades I took last month. thanks for your question.

ritesh avatar
ritesh 13 Dec.

@TheLimit: win-loss ratio does not matters much, it's all about Risk-Reward ratio. we can make money with a system whose winning percentage is less than 50%.!!

ritesh avatar
ritesh 13 Dec.

thanks to MuiDEA for your support. You're doing great in strategy and trader contest. Wish you all the best :)

ante777 avatar
ante777 26 Dec.

Great article and I amm looking for more forecats in the future.1+.

ritesh avatar
ritesh 27 Dec.

Thank you ante777, I'd post more forecasts in mid-January 2012. :D)

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1/73
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Makes 39 servings One MACD, 12,26,9One exponential Moving Average, 21One simple Moving Average, 50Two large Time Frames: Weekly, DailyTwo small Time Frames: 240 and 60 minOne auto-launch setup for Jforex Directions: Click the auto-launch to JforexOpen daily time frame price chart of any one of the 39 available currency pairsPour all of the indicators onto the chartSave the chart template INTRODUCTION A money making recipe that works just as good as it sounds! Successful currency trading is easier than cooking: price action acts as fuel for indicators and heats up the carefully traded strategy to give us those green pips Only in dictionary success come before work, so here is the smart work we need to do: Observation! Patience to observe price action from a distance (i.e. on a higher time frame chart) is the key to make more money in this business. Simply because this best practice avoid us from taking an impulsive trade which might be ready for a quick reversal against us! Thus we filter out approx. 20% of the failures that create 80% of our biggest losses. Above all, we get to enter trades just before price move happens, saving us from emotional the toll of wait…
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LinnuxFX avatar
LinnuxFX 31 Aug.

Your article are the best, you deserved the first place...

ushma avatar
ushma 31 Aug.

I wish you good luck this month+1

FxMidaso avatar
FxMidaso 30 Aug.

Good article ritesh.
I also use long term TF for making trade decisions. i strongly agree with you that divergence in long term tf is very good to determine trade entries.
i am still not very sure about determining supply and demand, looking forward to your article about it.
congrats in advance for your article win.

FX_Riper avatar
FX_Riper 30 July

Very nice job, ..... (One question, I did not see the moving averages in the charts, where are they?)

FX_Riper avatar
FX_Riper 30 July

Check your ingredient mixer, may be they are still there .... )))))

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