₦airaland Forum

I f eu buy today I will go back to babypips elementary school of pipsology.

naijababe:
15820, sl @ 15780

Naijababe respect! That is brilliant I woke up to see red but u are already in the green despite that the mkt will still be going down. I need ur discerning spirit.

Guys watch today na real bamm day.

eu has started to rock. Pending sell limit order @1.3265 - I do not know yet. TP@ 1.3185 minimum level.

fxisreal:
Am with you on this, might be at the opening of Asia season

Meaning, u are not always with me, yeah! that is correct, it is when we are against one another we can make money. More pips to ur account man.

I forsee heavy drop in EU & GU protect ur pips guys.

naijababe:
15820, sl @ 15780

GU ~ I am seeing it lower than that, it looks 1.5750 candidate with its present status on chart.

@fxking2012 I saw ur ealier comment, I must say that one nah stop hunt. I did the analysis & I now say the sell of EU may be GU is certain but to my suprise my SL was hit. oh boy! dat thing pain me though I hv married the trend ever since. When u & odiaero go finish ur fight. We are all here to learn one or two things from one another, like u now, u called urself missing link but u later discovered all u need to do is to connect wt already established links. pls Odiaero lets hv freedom to express ourselves so far dis guy no dey curse again leave am. He is doing well. I suspect say dat time he just discovered a system that he thought was an holy grail after he has gotten unimaginable pips with it & he wan come do yanga say I hv gotten smtin dat works in forex but we all saw the movie from beginning to the end. We all sometimes think so until u are dealt with then u will know all u need to do is take what is good for u in the mkt with precise entry & exit strategies. Pls I beg una flow 2gether we are one happy family.

Let the pips dey role buy not sell yes Nah EU I dey talk oh.

Copied from forexfanthom

It is my belief that everything should be kept as simple as possible. Most people view simplicity as a handicap or a sign that something is incomplete. Not necessarily true. Some of the best theories are the most simple.

Anyways, enough of that crap. I was thinking of a very simple trading strategy that will never lose, in theory.

A simple question: Why do we lose trades?

Obviously, the trade moves against us and does the opposite of what we originally thought it would do. But the trade is not lost until one of two things happen:

1. We hit our S/L and the trade is closed automatically.
2. The trade turns against us so much that we use up all our available margin and the trade is closed out for us.

If neither of these two things happen, the trade is simply in limbo and we have an unrealized loss (of course).

At this point, the trade can either do one of two things:

1. It can either turn around and move in our favor.
2. It can continue on its current path until either our margin is used up or we hit our S/L.

Essentially, if we never hit our S/L or use up our margin, the trade can always turn around in our favor. It just has to have enough cushion to do so and it has to be given the chance to do so.

Theoretically, to never lose a trade, we would simply have to prevent our S/L from being hit (by not using one!) and be sure to have plenty of margin available so that if the trade takes an enormous swing against us, we will be covered.

This may sound impossible, but it's actually very easy to do. We simply have to trade without a S/L and always leave an enormous amount of margin available.

Of course, margin levels depend on your account size and lot size. A large account size warrants a larger contract.

I'm not a number cruncher. I'll leave that up to anyone else who is interested and would like to post such information.

--SYSTEM--

Watch only the Daily chart. Find out what the daily trend looks like recently. There are a number of indicators you could use for this, including parabolic SARs, moving averages, etc. It does not have to be anything fancy. Is the price moving up or down over the past few days?

Always trade with the daily trend. Place your order accordingly (maybe at the beginning of each day, but this is not vital).

Your lot size should be based solely on margin calculations. Leave a lot of margin available. You'll just have to experiment with your own account size and which lot size works best for you. The goal should be to have enough cushion available so that you can withstand a very big swing the other way (in the ballpark of one hundred pips or more).

Do not set any S/L. Set a conservative T/P. For the daily chart, this could be in the ballpark of 50 pips.

I know that many of you are probably thinking: Sure, this method will work, but it's not going to provide hardly any profit!!

Au contraire!

50 pips a day with a small lot value can certainly add up, but it won't be extremely impressive.

The trick is to find the golden ratio. This will be that magical formula where you can have multiple pairs being traded every day with an appropriate lot size to provide enough cushion, all with a T/P of 50 pips or so.

This could provide you with around 200 pips every day or every other day (if they all move against you and it takes awhile to hit your T/P).

If you are trading simply .1 lots, that is still 200 bucks a day, and 4000 dollars extra per month. If you are trading .3 lots, that works out to be 600 bucks a day and 12,000 bucks / month.

Of course, if you have to trade very small lots (like .01), that's OK, too. You could set up another trading account, use this strategy with very small lots, and use all your profits to pay your bills each month. Even just 400 bucks / month could be used to pay for food!

Another possibility would be to start with a small amount of money and use very small lots. Fund the account continuously every other week just like a savings account. As your account balance grows, you can start using bigger and bigger lots.

Eventually, you could be trading with standard contracts and more, reaping in over 1000+ per day.

If a skilled number cruncher wants to work out all the details, please feel free. It may turn out that this system is too slow to generate any real income. But, I don't believe so. I think if you have a high volume of conservative trades based on the daily charts with lots of cushioning to support bad trades, you should win every trade!

Thanks for reading,



I hope we gain one or two things here.

EU ~ Time to sell Take position from 1.3250 TP @ 1.3205 SL @ 1.3275

beejay I dey oh! Na some event offline dey take my time. No wahala I dey with u guys soul & body. EU sell go bamm by the time it begins.

aud/usd is the best set up for sell today check it out.

EU ~ 1.295 is trying to sneak in.

methodman:
Just bought EU at 1.3050,  TP : 1.3200

EU ~ May lose steam at 1.31 if not it fundamental power & not technical. To be honest I am out of the market. I am just watching.

EU ~ If price go back 1.315x. Selling there may not be a bad idea.

FXKing2012:
Buy EUR/USD now at 1.3075 with SL at 1.3025. Remember the support trade.

It's another beautiful day to make money!

I believe people know you have lost your magic. If u sell EU now is at your own peril.

fxisreal:
longed eu @ 1.3034  sl@ 1.3000 let see how it goes. Goodluck

We are back in December 2011, u neva know? Let's wait & see. Na forex sha anything can happen. when price behave like this & do not have respect for pivot u know say e dey vex, any stop loss today na saara.

See where I indicated by milk colour if the red does not cross over the blue I will never go long, Look at the green usd meter below compared to eur red. Downtrend is very strong, check the 4hrs MACD & stochastic of my yesterday post. It has been there all this while but the bulls are resillient. This is sellers week.

EJ ~ Long @100.45 - 101.10 SL - 100.25

http://forums.babypips.com/show-me-money-daytrading/42086-create-wealth-my-gbp-usd-eur-usd-signals-no-losses-free-now-26.html

www.prosperityfxpro.com

If you struggle with ur trading, try this.

GU ~ Due to the overbought nature of stochastic & divergence noticed in MACD in 4hours chart, the coming week may likely be sellers' week. I expect resistance to the pair at 1.5850, any break above it by 50pips take us to the upside but if it bounces off from the line indicated by thick yellow line, let us expect the feast of pips to the downside until market tells us otherwise. The chart below reveal my view. Trade wisely & believe in ur system, this is more of a guide.

What are the biggest lessons you've learned trading forex?

It's nice to be right, but you can be right and still lose money. You need to be able to change your opinion as soon as the facts change. In the end, it doesn't matter if you are right or wrong, but how much you made or lost.
It's very humbling. I've learned that I can't be overconfident about what I think I know. I fight with myself every day to be humble, to be patient, to look for the facts, to have a detached view about money, to keep my greed and other desires under control, to acknowledge and respect risk, to recognize the role of luck in my life and in the markets, to trust the truth behind certain principles, and above all to do the right thing in spite of how it might affect me.

^^
Statement from a pro fx trader ~ Rodrigo Villela.
So friends in the house don't be too sure, apply money management. fx is all about two sides of the coin. May the pips be with us this week as we had last week. Apprehend pips, do not get apprehended by pips.

This suppose to be in joke section. haba!! Our president don wowo, this Ghana people no get respect at all.

EU ~ is now travelling with the bears.

honeric01:
I prefer we see at 1.3170 before any drive down again.

Yeah! I am already moving to the North with the bull but the power to drive pass 1.32 I doubted.

Sellers are gradually taken over EU. Divergence about to occur in the MACD indicated by thumb up sign in the daily TF, that is indicating a strong resistance in the daily chart.

^^^^
They announced their arrival.

EU ~ selling time

Expect to sell EU around @ 1.319x & 1.3200.

Sellers are gradually taken over EU. Divergence about to occur in the MACD indicated by thumb up sign in the daily TF, that is indicating a strong resistance in the daily chart.

Buyers are in.

tonjoan:
Final crash for the day on the way.

I dey feel u. My sell stop intact I no wan waste pip at all.

tonjoan:
Wetin i do. i no talk say i wan scalp na. I no fit ever do am for my life.

I totally agree with you. how have u been?

Thanks. I am fine oh. How about u?

EU ~ I will be buying if the support @ 1.3057 is not broken. I believe mkt still has potential to reach that level.

bubu4cash:
pls which broker or platfiorm do u use,cos my broker (insta) as not gotten to the price (1.3244)u earlier posted

U need to go to www.babypips.com. there are lot of marerials there for u to learn.

ogboraph good call. show face now, u hv done ur part. kudos.