Hi am I.J from uk 33 new to forex

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1

I have a strategy i would like too run by peeps

I have £25k invested in forex

I use a margin call on the usd/gbp

Of 3500 pips which will set the dollar at 2.0
The highest its been in 2008

I aim too sell because i know the dollar will get to 1.5 at some stage on the way down i will scalp sell when am in profit

I am in no rush and no greed

If the dollar goes up in price i have left enough margin call for the dollar too move 3500 pips

What do people think of this strategy

Too me it feels like a no brainer?

2

There are no certainties in trading, even with “no-brainer” scenarios. I’d throw on a stop just because you never know when a surprise event will come out or if the behavior of the markets will change. Better to be safe than sorry… what ever you decided to do, good luck and good trading rcmodelz!