Your strategy either works long term or it doesn't. If this 50 pips a day worked 60% of the time with just a 1:1 profit/loss ratio you'd make a lot of money in the long run and wouldn't need to change anything. Making money in Forex is about finding a trading system that works and doing it over and over again with exact objective criteria. No changes unless strategy doesn't work long term.
This is a viable strategy. Just be sure to establish a clear Stop Loss, Take Profit, and move to Break Even once it reaches a comfortable and established point in your direction. Doing this consistently will make almost any trading strategy profitable. If anyone is seeking advice, read Trading in the Zone by Mark Douglas. It is the Bible of trading, especially when referring to emotions. If you haven't traded before, don't take any strategy and use it. No strategy will guarantee winning every time. It's all risk management and managing your losses. You have to re-word the word "loss" as a "cost" of doing business.
I like to see you dive into more trend based systems that aim to buy into retrancements and sell out at predetermined extensions. Vicker Sparandeo has down some very compelling research into defining a trend, namely that it does not violate any prior recent low fractals, and we see this alot low fractals hold remarkably well as support especially on the 2nd and 3rd impulse waves going higher.
Very good one! Price – related strategies are the best ones in my opinion. There's nothing more powerful than what market is actually doing. If up, buy. If down, sell. 🙂 Take profits at sup/res, cut if change direction and reload at the next event!
Everyone share how many pips you've gained since 2018. I'm up 83 already ???
Paul l wanna learn to trade on forex
Your strategy either works long term or it doesn't. If this 50 pips a day worked 60% of the time with just a 1:1 profit/loss ratio you'd make a lot of money in the long run and wouldn't need to change anything. Making money in Forex is about finding a trading system that works and doing it over and over again with exact objective criteria. No changes unless strategy doesn't work long term.
great mustache brotha
don't follow this one At the end of month you Will definitely in loss
Mantappp
great video ,, i like the strategy but too fast to undesrtand, can you please redo it , step by step slowly . thanks
what if there is a fakey…then…!!!!
Actually as i understood from your explanation , you advise us to find 50 pips and take away it, but how ?
how do i start?
hi i'm struggling to know what time does my London session start…Im in south africa please help
just found you. interesting stuff . cheers
This is a viable strategy. Just be sure to establish a clear Stop Loss, Take Profit, and move to Break Even once it reaches a comfortable and established point in your direction. Doing this consistently will make almost any trading strategy profitable. If anyone is seeking advice, read Trading in the Zone by Mark Douglas. It is the Bible of trading, especially when referring to emotions. If you haven't traded before, don't take any strategy and use it. No strategy will guarantee winning every time. It's all risk management and managing your losses. You have to re-word the word "loss" as a "cost" of doing business.
Should we wait for the candle close ?
I didn't understand how to place the stops. Thanks
Nicee video
this is a great strategy seems to work well with the Eur/Gbp pair. i guess its not best to trade this way when we have a 09:30 news data coming out?
You are very kind and helpful for sharing your ideas. Thank you
I like to see you dive into more trend based systems that aim to buy into retrancements and sell out at predetermined extensions. Vicker Sparandeo has down some very compelling research into defining a trend, namely that it does not violate any prior recent low fractals, and we see this alot low fractals hold remarkably well as support especially on the 2nd and 3rd impulse waves going higher.
So would one enter a trade once it breaks the high or low, or wait until it's closes above or below the high or low?
What pair do you trade at the US open ?
are you in crypto trading ?
Very good one! Price – related strategies are the best ones in my opinion. There's nothing more powerful than what market is actually doing. If up, buy. If down, sell. 🙂 Take profits at sup/res, cut if change direction and reload at the next event!
Great explanation of this. Can you recommend any videos to u have done that is a good start for a beginner?