no skill is required and no stop losses are used.
you will double triple and multiply your account faster than you can spot market movements.
Rules.
only trade gbp/jpy
only place buy orders (so always making money on the interest differential.)
Place first buy order to commence stragey with take profit at 50pips.
if market moves down 50pips place next buy order with take profit again at fifty pips.
you place your orders with buy limits at 50pips intervals all the way down to 140 if you like or further and wait for price to come back and open your positions
you set the take profits at 50pips for all the orders and walk away.
when you return-provided the market has fallen to engage your orders you will be collecting the pips…
your first order in the sequence at the top is called your ‘loss leader’ and eventually when you finish a cycle and return to that position you would of collected 10000s of pips…
as the market bottomed in late january you can be assured that it will continue to rise for the next 5 to 10 years evetually heading back to price 240…
it is good for price to go down as this will engage your orders…always place orders below the price at let her come pick you up.
then you can be assured that price will rise and you will close the positions at 50pips profits.
if your a bit more adverturous try doing at 30 or 20pip intervals place your buy orders back down behind the price with take profits at 20 or thirty 30pips…
you will then start making and collecting pips without even thinking about.
lot sizes should be no larger than 5:1 of account leverage ie for every 1000 dollars only open positions of 5000 ie 50cent pips…
try it demo - as forex is risky!!
its a strategy for those who dont know what there doing and it works if you can manage your money - and it will work even better now especially with the markwt being where it is at now…
