***** The Impossible 5% + Daily*********

Why dont you open up a myfxbook account to keep a track of your result as well as for everyone to see? It make it easier for everyone, this is what this thread is about after all.

If you have one already I dont think I have seen it.

Ah never mind I found it :smiley:

Good luck

5% or more daily System | Myfxbook

This is the new one, Sorry, meant to post it


It is possible to take the short trades after price is Less then both EMA’s, but at his point, anything can happen as far as breakouts. One thing I have learned in Forex, is price doesnt like to be stable. This is where we have to use vigilance in placing trades. I have a few ways to tell if there is major compression, and these are the times you have to walk on glass, and be wary of price movement. So i find it best to limit the extreme

+16 pips on the break of the Blue Trend Line, But choose to set at extreme, because of compression and macd signal line not set to go long, better safe then sorry, or scared?

See, there are 2 differant ways to trade this system, at 2 differant types of price action…

If compression of 12-26-50 MacD is Tight, Extreme Limits, If there is no compression, Limits on the Trend line, and +3 pips above current trend high.

Wait, so you busted another account? And this is a new one?

Good morning Traders,

Man, Let me tell ya,

TICK

TICK

TICK

Object is patience this week, to really buckle down…

By this time of the week, Id already have made 100+ trades, but today, Im sitting on 14 for the week.

I still sit here for 10 hours a day, and its really teaching me lessons on Waiting, which is my biggest downfall, in life and in Forex…

Ok, back to the Mine,

Great profits to all today,

It is a bit of an odds game. If you know the odds of blowing up an account.
If you can take a $100 account to $1,000,000 for example 1 time in 100. It is still a profitable exercise.

Time would come into it too. You might be able to afford to blow up 1000 accounts. But how long does it take to do so?
eg if you blow up on average 1 account per month. that’s only 12 accounts per year. Might take you 10 years :slight_smile: to reach $1,000,000.