Hopefully this month will be like the last. That was amazing…I did not do as well though. I did not have the guts to set those huge stops because I don’t feel like I have the instincs to get out when the signs point to it.
I am obsessed with Forex now…what would I do if I can actully make a couple thousand pips a month
mind you, i use the 1 hr time frame for entries. the entry is as usual:candle opens or closes above or below the 50 EMA(i have observed that if on the 1 hr time frame at least 2 candles are below or above the 50 ema, then this will also happen in the 4hr time frame
started trading this method today.
so, for today:
sell GBPUSD @ 2.0368 currently + 49 pips
sell EURUSD @ 1.4144 currently +54 pips
sell AUDUSD @ 0.8883 currently +55 pips
buy USDCHF @ 1.1785 currently +21 pips
buy USDCAD @ 0.9968 currently +14 pips
sell EURGBP @ 0.6957 currently +10 pips
sell EURCHF @ 1.6620 currently -16 pips
sell EURAUD @1.5953 currently -10 pips
so, thus far, today 177 pips
all trades are still open
also, i set up an entry order for EURJPY short @ 164.20 (1 hr timeframe, that price would mean the candle is under the 50 ema)
i am using a S/L of 30 pips. S/L is adjusted after every +10pips, so that it always is 30pips away from the current price.
ok, that’s it, i am going to sleep right because i have courses from 8 a.m tomorrow lol"[/I]
Are you still using the system you outlined in 301 Moved Permanently in addition to the 25-50 system? Your post there is a classic - I printed out your first post from that thread and keep it with my forex ed material.
Not yet, but I’m planning to soon since I got most of my winning trades when I was following his signals and system properly and most of my losing trades when I was trying something else.