Consistent FX Trading

[mirzyk]

Elang,

Good to hear from you again. I look forward to your posts.

Thanks for sharing.

[pipjake]

Hi Elang,
What time will ur posts come on ?

thanks,

jake

[elang]

SUMMARY

TRADE #002

~GBP/JPY~
18.03.2007

Entry - 226.00
Lots Traded - 2.0

Target 1 / 10 PIPs - 225.90 (HIT)
Target 2 / 20 PIPs - 225.80 (HIT)
Target 3 / 30 PIPs - 225.70 (HIT)
Target 4 / 40 PIPs - 225.60 (HIT)
Target 5 / 50 PIPs - 225.50 (HIT)

Stop Loss / 35 PIPs - 226.35
Lash - 226.22 (22 Pips)

Actual Probable Profit After Lash: ~300 Pips as of /GMT: 10:00 PM/
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL Profit Since Trade #001 /16.03.2007/: 100 PIPS

[elang]

TRADE #002
Update

Target 1 / 10 PIPs - 225.90 (HIT)

[elang]

TRADE #002
Update

Target 2 / 20 PIPs - 225.80 (HIT)

[elang]

TRADE #002
Update

Target 3 / 30 PIPs - 225.70 (HIT)

[elang]

TRADE #002
Update

Target 4 / 40 PIPs - 225.60 (HIT)

[elang]

TRADE #002
Update

Target 5 / 50 PIPs - 225.50 (HIT)

[nia_kantana]

hi elang, glad to hear from you again.., I have read your thread " My Thoughts + My System + My Regular Updates " , which is so interesting.., did you use the same trading system on the trade above? Thanx.., & it's really nice to hear that you're back to contribute your knowledge with us again ^_^

[elang]

Hello Nia,

Thank you for the comments. I'm flat as a pancake

I'm happy you find what i write interesting

The system i use for these trades has about 0% to do with the other one in my last thread.
It is a lot simpler to use. The TA and Execution for trade #002 took about 5 minutes all together.

Once we get better results with this system, i will find a way to introduce it to the mass.

You should know, that the system doesn't make the trader.
Most disciplined traders with a sound money management plan can use a system with as little as a 40% winning chance and still make good profit with it.

Don't let results overwhealm you and lead you to query the nature of the system. Rather the discipline behind the trade is something you should seek out to understand. Grasping that will allow you to apply the same essence to any system and make it worthy.

Ironically... it is sometimes the system, which defines the disciplines, but even then, discipline is required to follow a system.

Tis a strange... strange world we live in i have to say lol

Regards,
E. Lang