my pair is EURUSD
naked chart
Only strategy is Time Frame.
Long TF is for decision on Bull or Bear
Short TF is for execution.
Set TP and dumped the SL aside.
Expectations on pair movement is between 80~200 range of pips.
My trades usually took days or even weeks.
Just like went out fishing in a big sea...sometimes...Atlantic Ocean sounds like a big catch.

Hi, does anyone here know an IB name Steve Pok? He earned a lot since age 24. Anyone know how he built his Forex fortune?

Yup, thats what it sounds few years ago and I have no idea that it was a MLM scheme until bro you explained it. Now everything make sense that's why he made so much money. I thought he earned it through commission and override on trades. I hate MLM.

Here is my 2cents idea. Hope it will be practical for you to ponder upon or to try out.

Example: My favorite pair is EURUSD
Expected Daily movement is around 80~300 pips.
If your Account size is USD300 or below. You may just use lot size 0.01~0.03
Use 1Hr or 4Hr as your Time Frame. Execute your desire position by 15 or 30mins Time Frame. After executed your trade ....modify your TP set 200 pips from your executed price. Switch off computer, no psychological torture.Check few times a day if you like.
If it goes against you, is ok. Just wait 2 or 3 days. Usually it hits your TP within 48 hours.
Ya....no SL. Cause SL makes you lose money in long run. Brokers love killing SL.

Happy trying out. Better result better emotion better time management. Forget all funky Indicators or news.

Well, you may try it out. The time and result will your judge. God bless and peace 😉

If you had read the above before. The good news is.... Yesterday I made 200 pips per trade(I usually only do one trade). Today is 280 pips still counting....ya...let the profit flow. Set TP point at 250 if it drops bck. It works for me. Hope it works for u too. Ya...i got it SHORT. Wanna know why I SHORT EURUSD? The history will reflects the future in a good possibility.

Good luck n God bless.

Why? Sounds impossible or what? Does it surprise you?

My bad...i was accustomed to it since most brokers had 5 decimals. Lucky you, if your broker still using 4 decimals. A pip refer to the smallest number that jump. You may Google it. Usually they called mine a fraction of pip in old days when they are using 4 decimals. Look...what about JPY?

Well ok, anyway. As long as I made profits 😉👌

Thanks bro. What do you think of this EURUSD on this week?

I guess this week gonna favor SHORT.

This post has been edited by WHITE ACE: Jun 10 2014, 07:35 PM

Great! Everyone are winners n making money. :-)

Kalau sangkut
Dah byk olang kena sangkut dah...
Itu pasti break money management punya rule dah...
Hehehe....harap dpt lari tapi byk kali lepas... 1 kali sangkut je....hilang byk duit

Maintain... Hari hari profit dah lahhh
Bila dah biasa tu dah habit.

Positive habit positive balance hehehehe

Janji broker x kacau hehe
Dah hit TP i dah....kena set jauh skit. Harap2 dpt hit dlm 48 jam

just sharing, this is fun to those who love trading EURUSD. The direction is.... which way ya

Hehe...not scarry lah. It was part of the expected. When we look at the Weekly or Monthly TF we can have better gauge on the direction. Calculation of probability and money management is part of the homework. Cheers.

GBPUSD ...now is a gd time too SHORT. However, it will bounce back again.

That's why I don't use SL. I would give it few days time to bounce back and hit TP.

Pros mostly stays anonymous and less active in forum.

Peace n God bless, Amen