Hi ,
I will share here my trades.
The trades source cannot be disclosed and thus it cannot be taught , but if you follow this trades you are most often joining the big sharks. You can also use this trades as general direction to guide your own trades or trading methods.
I traded this way in 2009 making about 13000 pips and in 2010 making about 18000 pips. Per month I averaged from 1000 to 2000 pips , while the worst month earned 500 pips - so there was no negative month during 2 years trading period.
Now to the trading rules:
1)Traded pairs: eur/usd, gbp/usd and aud/usd
2)Every entry should have 2 equal positions
3)Both positions will have stop loss of 200 pips from entry
4)First position will have take profit of 50 pips from entry
5)Second position will have take profit of 200 pips from entry
6)After first take profit hit - stop loss is moved to 95 pips away from market price , so we are at 45 pips beyond original entry - so if price goes against and hits the moved stop loss - we finish with +5 pips (as we made 50 profit on first position and lost 45 pips on second)
7)Trades frequency: 3-6 per week depending on market conditions
8)Recommended money management: two positions of 0.3 for every 10000 of account equity
As you see - the risk is twice the reward , but , the system has very high success rate and the losses are very rare. Breakevens are more often.
I will try to post a warning about pending trade , but not always I will be able to do so.
Based on previous 2 years of trading , my goal in 2011 is 15000 pips , averaging 1200 pips per month , without any negative month.
Good luck hope this works for you. Would like to see it not saying you cant but thats a pretty high goal there. More power to you though I will watch to see what kind of system you are trading. I am a newb and dont have that kind of capital to do that could withstand a 200 pips loss but dont have the experance to hang with that kind of trading good luck.
hi bobmaninc , the matter of standing 200 pips loss depends on your account size and minimal allowed trade size that broker allows you.
You should always calculate the money value of assumed loss and decide whether the percentage of the loss is acceptable for your account
TP1 on audusd was hit on 0.9840 , now we move the SL on remaining position to 0.9920 , this is 80 pips from tp1 price ,
Generally we move the SL of second position to 95 pips distance from tp1 but in this case I moved it more closely to secure the position to zero risk as there was negative swap accumulated on this short position.
I admit this was a tough one , but market can be sometimes tough , that’s trading.
[QUOTE=art4fx;238332]Hi ,
I will share here my trades.
The trades source cannot be disclosed and thus it cannot be taught , but if you follow this trades you are most often joining the big sharks. You can also use this trades as general direction to guide your own trades or trading methods.
I traded this way in 2009 making about 13000 pips and in 2010 making about 18000 pips. Per month I averaged from 1000 to 2000 pips , while the worst month earned 500 pips - so there was no negative month during 2 years trading period.
Now to the trading rules:
1)Traded pairs: eur/usd, gbp/usd and aud/usd
2)Every entry should have 2 equal positions
3)Both positions will have stop loss of 200 pips from entry
4)First position will have take profit of 50 pips from entry
5)Second position will have take profit of 200 pips from entry
6)After first take profit hit - stop loss is moved to 95 pips away from market price , so we are at 45 pips beyond original entry - so if price goes against and hits the moved stop loss - we finish with +5 pips (as we made 50 profit on first position and lost 45 pips on second)
7)Trades frequency: 3-6 per week depending on market conditions
8)Recommended money management: two positions of 0.3 for every 10000 of account equity
As you see - the risk is twice the reward , but , the system has very high success rate and the losses are very rare. Breakevens are more often.
I will try to post a warning about pending trade , but not always I will be able to do so.
Based on previous 2 years of trading , my goal in 2011 is 15000 pips , averaging 1200 pips per month , without any negative month.
If you have any question - you can ask them here[/QUOTE
I would like more information on how I can obtain excess to the incredible trades. Are there any fees? Will one ever be able to learn this incredible method? Please let me know. Thank you very much.
Hi , was busy this days so couldn’t update well the trades
aususd trade closed with breakeven on 2 positions
eurusd trade was closed with loss of -400 pips - on the demo account the trades are still there - but in real account they hit SL.
gbpusd trade was closed because of high risk at breakeven although it hit tp later so I do not count it.
now we have short signal on eurusd again - I am short at 1.3620
tp1 = 1.3570
tp2 = 1.3420
sl for both = 1.3820
total pips count for now: -400