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15000 pips in 2011
Hi ,
I will share here my trades.
The trades source cannot be disclosed and thus it cannot be taught , but if you follow this trades you are most often joining the big sharks. You can also use this trades as general direction to guide your own trades or trading methods.
I traded this way in 2009 making about 13000 pips and in 2010 making about 18000 pips. Per month I averaged from 1000 to 2000 pips , while the worst month earned 500 pips - so there was no negative month during 2 years trading period.
Now to the trading rules:
1)Traded pairs: eur/usd, gbp/usd and aud/usd
2)Every entry should have 2 equal positions
3)Both positions will have stop loss of 200 pips from entry
4)First position will have take profit of 50 pips from entry
5)Second position will have take profit of 200 pips from entry
6)After first take profit hit - stop loss is moved to 95 pips away from market price , so we are at 45 pips beyond original entry - so if price goes against and hits the moved stop loss - we finish with +5 pips (as we made 50 profit on first position and lost 45 pips on second)
7)Trades frequency: 3-6 per week depending on market conditions
8)Recommended money management: two positions of 0.3 for every 10000 of account equity
As you see - the risk is twice the reward , but , the system has very high success rate and the losses are very rare. Breakevens are more often.
I will try to post a warning about pending trade , but not always I will be able to do so.
Based on previous 2 years of trading , my goal in 2011 is 15000 pips , averaging 1200 pips per month , without any negative month.
If you have any question - you can ask them here
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There is pending sell on audusd , I will update when the entry will be valid
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sell audusd 0.9890
tp1 0.9840
tp2 0.9690
sl for both 1.0090
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1)Traded pairs: eur/usd, gbp/usd and aud/usd
2)Every entry should have 2 equal positions
3)Both positions will have stop loss of 200 pips from entry
4)First position will have take profit of 50 pips from entry
5)Second position will have take profit of 200 pips from entry
6)After first take profit hit - stop loss is moved to 95 pips away from market price , so we are at 45 pips beyond original entry - so if price goes against and hits the moved stop loss - we finish with +5 pips (as we made 50 profit on first position and lost 45 pips on second)
7)Trades frequency: 3-6 per week depending on market conditions
8)Recommended money management: two positions of 0.3 for every 10000 of account equity
I'm very interesting!
two positions of 0.3 for every 10,000 of account equity- $? Including leverage?
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sell eur/usd 1.3370
tp1= 1.3320
tp2=1.3170
sl = 1.3570
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 Originally Posted by STFOREX
I'm very interesting!
two positions of 0.3 for every 10,000 of account equity- $? Including leverage?
0.3 lots = 30000 of equity , it means leverage of 1:3 if your capital is 10000
actually you entering 2 positions , 0.3 each, so the leverage is 1:6 as you trade 60000 on capital of 10000
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TP1 on audusd was hit on 0.9840 , now we move the SL on remaining position to 0.9920 , this is 80 pips from tp1 price ,
Generally we move the SL of second position to 95 pips distance from tp1 but in this case I moved it more closely to secure the position to zero risk as there was negative swap accumulated on this short position.
I admit this was a tough one , but market can be sometimes tough , that's trading.
Total pips count since thread beginning : 50 pips
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pending sell on gbp/usd , I will update when the entry becomes valid
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sell gbp/usd 1.5908
tp1 = 1.5850
tp2 = 1.5700
sl for both positions = 1.6100
Last edited by art4fx; 01-20-2011 at 11:09 AM.
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