Babypips Members.
The following orders for Eur/Usd is based in Probability and Statistics. with the 30% of mistake… that means the rest 70% will be positive… this is based in a Study for the last 4 years… The market always do the same the 70% of the time (move in a range), the other 30% (move in a Rally). which one we will keep away. Forex is a Mental Game. we will keep emotion and feelings away. and play with the Math, Probability and Statistics on our side… Will trade with the Market price and the Time. as You notice is the two concepts there is in X and Y in Forex charts.
Mostly all Orders is in short Time. and once in a while in long time… the Short time will give us 30 to 40 pips… and Long time 200 or more… Average per week is 120 pips profit (short time trading)…
For avoid lost Our money in a Rally. once we lost one order we will wait the next peak price and see what the market is doing… doesn’t matter if we lost one opportunity. for sure will come more opportunities in the future. is important win as important is no lost…
about the News. have to keep away in this time. the volatility is a lot and the spread is high.
usually After the news we will make good money…
Remember Forex is a Mental Game. never press the bottom for open a market order. we will calculate a price and set a Entry Order… the market will do the rest… if the Market doesn’t reach our price even for few pips. have to recalculate the price and will set another order. but never press the bottom for open it… in this way we will keep away the emotion and feelings…
ok lets do it…
[U]have a good week and make lots of Pips..[/U]
[B]Casle.[/B]
Monday 3 September. 2012
no order was activate, was close. but the marker price didn’t reach our order price for few pips…
Remember is better wait, that lose…
Tuesday 4 September. 2012
4:14 GMT
Order 1. Open… Buy at 1.2540… Running.
Wednesday 5 September
19:34 GMT
Right now we calculate the market price will bounce at the next prices.
Set [U]Short[/U] entry orders at:
Order 1. [U]SELL [/U] Eur/Usd at 1.2610 [/U](stop -30 pips) (Limit +40 pips) Running
Order 3. Buy Eur/Usd at 1.2515 (Stop -30 pips) ( Limit +40pips)
Record…
Order 1… Runing
Order 2… Buy at 1.2540. Lost (-30pips)