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Show me the money! [Daytrading] Need some trade ideas for today? Want to share your own intraday trade ideas? If you're the next Jerry Maguire and can show us the money then this thread is for you.

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  #21 (permalink)  
Old 05-02-2008, 01:26 PM
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Simy Simy is offline
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Quote:
Originally Posted by tymen1 View Post
To save me doing a lot of typing, have a careful read of the following hyperlink. I believe you will gain much.
Using Multiple Lot Positions To Improve Trading FX

Will do, I dont mind learning more

EDIT:
Very informative, Will definatly give me somthing to think about!

Last edited by Simy : 05-02-2008 at 01:56 PM. Reason: Additional comments.
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Old 05-14-2008, 05:47 PM
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I agree multiple lot trading is the key to long term forex success .. because you can take profit quickly from one lot and let the other one (or other ones) run for even greater profits.
Bunnygirl, who invented the BGX or bunnygirl cross suggested trading 4 lots -- one to exit at 5-10 pips, one at 20 pips, then stops to b/e so last 2 trades are free .. 3rd one exit at 30 pips and let the last one run with a moving stop as long as it will .. so you can catch those 100-200 or more pip moves when they occur.

If you are so uncertain about a trade that you don't dare put more than one lot on it, probably is not a valid trade to begin with

(Of course I'm talking mini-lots for those with smaller accounts, always keep trades in proportion to your account size!)
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Forex Forum > "The Holy Grails" > Show me the money! [Daytrading]




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