How I Turned a Losing Trade to a Winning Trade.

[tashnotashi]

Forex Trading Strategies � How I Turned a Losing Trade to a Winning Trade.



Forex trading pair: GOLD = XAU USD
This is an interesting trade on the forex pair XAU USD.
In the chart above, we see a series of forex price action inside bars. (Highlighted in the blue box)
Meaning bars that are smaller than the previous bars.
When a series of inside bars like the above happen.
It means that price is having an indecision of where to go.
It�s like it is gathering momentum, for a burst out of either side.
Which could either be up or down.
So what happened in this scenario is that we placed 2 pending orders. A buy and a sell.
These 2 orders are marked by the gold line (entry) and the red line (stoploss).
So the buy order triggered. (Gold line -Entry) and we got in on a buy trade.
With that, i took away the pending order for the sell trade and made it a stoploss for the buy order.
Forex Trading Strategies � How I Turned a Losing Trade to a Winning Trade

When i trade, i would usually have 2 take profit targets.
So that when take profit 1 is hit. Which is marked by the purple line. I would have taken my first profit off and shifted my stoploss for position 2 to break even.
By doing so, i am also on the �SAFE� side. As price may hit Take profit 1 and reverse back down.
And as i have taken profit a TP1, my 2nd position�s stoploss is shifted to breakeven.
So i am in a FREE trade.
So whether or not it may hit TP2. I have already gotten profits.
In this scenario, i have taken profit at TP1 and my 2nd position has hit my stoploss for breakeven.
So i�m out for this trade.
From this scenario you can see that i am not always perfect.
No one is.
By trading on the above method, we are sure that our account size will grow consistently.
Forex Trading Strategies � How I Turned a Losing Trade to a Winning Trade

Lets look at what happen next.



Price went right down after which.
So if i hadn�t had a TP 1 and TP2 method.
I would have kept my stop loss at the red line.
And made a loss on this trade.
BUT By doing playing the above method.
Instead i have gotten profits..
I hope you gain something from this post. Let me know if you did.

Ezekiel Chew
Asia #1 Forex Mentor

thnak you ap p ne bhi kafi achi taran se ham ko brief kiya ha ye kafi acha method ha par main to ye he kahoun ga k ham ko sirf or sirf na forex trading main ager experince ho to ham kai method se apni losing trade ko win main tabdeel kar saktey hane

[omer1]

good jo bro with ir post i have understand alot the main thing i have gain from ur post is that not only we should stop our loses but also our profit trades to be successfull in trading

[julianambas]

the strategy is simple but enough to make a profit. but I am not interested. dunno why maybe because of lack of indicators that support it. with the lack of indicators to strengthen the argument for confirmation is an indispensable trend is going on. Maybe that's the reason.

[nurhidayah]

Even I dont know that.. Because I like to think long enough before I execute any trade.. but after I execute that trade I dont like to modify it even a little bit.. Because I need to have faith in my strategy.. And I have the mentality of taking losses from my trading also.. Because I will find plenty of chances to make profits if I can remain alive in this market..

market with the market conditions are less favorable manner sometimes makes us understand the market itself is becoming less attractive, so that we as traders are often fooled by the strategy of our own making, so as to reduce losses and can benefit commensurate We can adjust the layout how we understand the market itself

[kalponick]

Even I dont know that.. Because I like to think long enough before I execute any trade.. but after I execute that trade I dont like to modify it even a little bit.. Because I need to have faith in my strategy.. And I have the mentality of taking losses from my trading also.. Because I will find plenty of chances to make profits if I can remain alive in this market..

[ernestina]

Such kind of techniques give very good results and i also did the same in previous week when i faced a bad trade but i set the TP and stop loss targets for both my hedged positions that were close after hitting profit targets before a awake in the morning.

I think we should not completely rely on such strategies that are not yours. I prefer to make up my own strategy and get good profits from it. What do you think.

[joru]

app forex trading may chata hain kay app aik profit able trading karain tu app ko chiya kay app trade jo hai woh small size say karain aur app shot term say karain yah jo hai good trading hai

[riya]

As my experience we can not retributory use this strategy. The movement of forex is not mortal, but rattling multiplex, so that if not cautious we can recede. But TS has provided an alternative to defeat them. This secondary could be usurped into thoughtfulness. Too, we also impoverishment to hold skills in the way we handle it.

[Maham Gill]

Forex Trading Strategies � How I Turned a Losing Trade to a Winning Trade.



Forex trading pair: GOLD = XAU USD
This is an interesting trade on the forex pair XAU USD.
In the chart above, we see a series of forex price action inside bars. (Highlighted in the blue box)
Meaning bars that are smaller than the previous bars.
When a series of inside bars like the above happen.
It means that price is having an indecision of where to go.
It�s like it is gathering momentum, for a burst out of either side.
Which could either be up or down.
So what happened in this scenario is that we placed 2 pending orders. A buy and a sell.
These 2 orders are marked by the gold line (entry) and the red line (stoploss).
So the buy order triggered. (Gold line -Entry) and we got in on a buy trade.
With that, i took away the pending order for the sell trade and made it a stoploss for the buy order.
Forex Trading Strategies � How I Turned a Losing Trade to a Winning Trade

When i trade, i would usually have 2 take profit targets.
So that when take profit 1 is hit. Which is marked by the purple line. I would have taken my first profit off and shifted my stoploss for position 2 to break even.
By doing so, i am also on the �SAFE� side. As price may hit Take profit 1 and reverse back down.
And as i have taken profit a TP1, my 2nd position�s stoploss is shifted to breakeven.
So i am in a FREE trade.
So whether or not it may hit TP2. I have already gotten profits.
In this scenario, i have taken profit at TP1 and my 2nd position has hit my stoploss for breakeven.
So i�m out for this trade.
From this scenario you can see that i am not always perfect.
No one is.
By trading on the above method, we are sure that our account size will grow consistently.
Forex Trading Strategies � How I Turned a Losing Trade to a Winning Trade

Lets look at what happen next.



Price went right down after which.
So if i hadn�t had a TP 1 and TP2 method.
I would have kept my stop loss at the red line.
And made a loss on this trade.
BUT By doing playing the above method.
Instead i have gotten profits..
I hope you gain something from this post. Let me know if you did.

Ezekiel Chew
Asia #1 Forex Mentor

yar kabi kabi asa be hota ha ka hum apne taraf sa to boht he achi or best trading karta han lakin wo ho thori he ghalta ho jati ha es laya to trading main hama kafi profit be earned hota ha or kafi loss be earned hota ha es laya to main boht he ahchi or best trading karta hoon.

[Gecko]

Adjust the strategy with the trading plan. you can also adjust the amount of capital to the trading lot will be done .. trading plan is important to be taken into account before trading open position. If the loss in trading before, then make the necessary adjustments to market strategy, or do the first backtest the strategy to be used, when convenient and then plunge in real trading.