September 29, 2010

Live Forex Trades

I'm adding something to my blog that I'm really excited about. 
A friend of mine named Nikos is a forex money manager and currently
 has almost 7.6 million US dollars under management in Switzerland.

He is really good at looking for trades that can run 500 pips or more.
 He typically won't even consider  a trade if he thinks he can't make a
minimum of 50 pips.

His style is swing trading and he will ride trades for days, weeks
and even months when they trend really hard.

Anyway… He has agreed to pass on some commentary about trades he
is either looking to take or already in.  The current trades he is
going to talk about are ones that he is already starting to scale out of.

I've witnessed this trade from the inception and it is amazing how he gets into trades that run hundreds of pips.

Not sure how long he will share this but take advantage of it while you can.

What will be really cool is…  When he shares some fresh new trades, you will be able to see where he looks to enter and how he manages the trade all the way to the very end.
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Hello Trader,  The eur/usd is long now since the 13th of September, giving
 me an entry at 1.2920.  I open usually 3 positions on every trade take
 almost always incremental profits.

My first two positions hit the limits at 1.3040 and 1.3270 with a stop at 1.2820.   Now I have to worry only about my last lot.

We have a strong resistance area around 136.50/80. The price hit this area today,  which means we could see a good retracement to at least 1.3500 soon.

As long as 1.3500 is holding I will still stay in my swing long trade.

The next strong resistance area is at 1.3750/1.3800 and if this pair decides  to climb up there with no breather, we should get ready for heavy retracement  down to 1.3400.

To make the story short…As long as 1.3500/1.3600 is holding my focus is on  long trades…I just love to ride trends as long as possible.

If the 1.3500 area breaks to the downside, I will take out my remaining
long positions and look for short against the main long trend.

Let’s sit back and see what the market wants to do…We only need to follow
the flow!  Simple, easy and relaxed Catch up with you soon!

GBP/USD is still long and of course I am happy about it.

The Long signal was trigger on the 15 th of September at 1.5515.

I have still one position running with about 300 pips profits right now
and trailed my stop to 1.5700.

1.5900/1.6000is the next really strong resistance area and I am expecting  some retracements there.  For now everything is just long, but keep an eye on the resistance levels.

If the price fails to break the resistance we will see some nice short
setups at least on short term.

Remember the all over trend is still long for sure, so patience please

-Niko

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Comments on Live Forex Trades »

September 29, 2010

Del @ 10:33 pm

Thanks for the insites Niko. I am long gbp as well and was thinking of dumping it at around 15900 or so. It is nice to see I am not alone there. Bonne chance.

Bob @ 11:42 pm

Thanks Niko, for helpful insights and the big picture. Thank you, Jeff, for all that you do!

Bob @ 11:43 pm

(incorrect email address corrected)

September 30, 2010

andreas @ 12:24 am

welcome niko, thank you for sharing your thoughts with us.
thank you jeff for all your hard work.

Aldo @ 2:10 am

Hi Nikos, thanks for your professional insight. I would like to ask you about your initial stops, and what time frame do you employ to initiate trades for your swings?

Many thanks

Aldo (UK)

Paul @ 4:16 am

Hi all. I follow Nikos more that 2 years…

I'm in both trades now..:) And of course I'm happy again with that.

Watch closely his advice…

sara @ 7:31 am

Great insight..

Daniel S @ 11:41 am

Hi Nikko,

What time frame you are working on as long term trader? 4 hours or daily? thanks and also on your original entry on eur/usd what was your stop loss? Thanks

October 1, 2010

Andy @ 11:09 pm

i would re-iterate other peoples comments above and say a big thank you to Jeff for everything - all good stuff as we have come to expect and yet again he hasn't let us down. Thank you very much to Nikko for these valuable, initial insights. It would be absolutely fantastic if Nikko was to share this valuable information with us all going forward, giving us more detailed information on both the strategy for entry triggers and initial stops - the exits depend upon individual targets and personal money management but we can all enjoy being guided on where the trends are likely to go and ultimately retrace, providing further opportunities. THANK YOU BOTH.

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