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Waiting for Buy signal on GBPUSD

I am waiting for a buy signal on GBPCHF..

I bought USDJPY

I sold NZDUSD...

I bought USDCHF, let me see how high i can fly...

Good

Looking to buy the breakout on USDCAD...

redsox11:
Good read from Fezmar

As I stated earlier, in a very small nutshell I simply take advantage of large risk to reward ratios. The main reason I began trading like this (apart from the insane profitability) was the fact that I hated the pressure of needing a high win rate. I mean I despised it. I just could not predict the market accurately enough to make decent money from it.

Now, I first began trading from a $3,000 account. You've seen my balance currently from the first post. Once again

My success to date has come from under 20 trades.

Ah, Fez has gone crazy. What is he talking about?

Let me ask a question that may open your eyes. Did I take only 20 trades?

If I answered yes to this, then I really have lost my mind. Of course not. I have perhaps taken around 300+ trades. I'm simply saying that of those, under 20 were successful.

Where does that put me in terms of the classic win rate? Under 7%. That's right, I consistently take consecutive losers and breakeven without batting an eyelid.

I have always been an ambitious person. I grew up in a poor home and for me the 10% a month gain simply wasn't enough. Call that greed if you will, I like to think I had high aspirations. I think one of the main things that assisted my success was the fact that I didn't spend time on any forums, or even speaking to other traders. I first met another trader only when my account was already nearly at six digits.

Perhaps you will call this luck. That may well be. As I said, I'm not saying this will work for you. I'm simply sharing with you what worked for me.

These days I could never achieve those kind of % returns, simply because I am risking only 0.5% per trade now. However, with a 1:40 (For example) risk:reward, that's still a 20% gain. I'll leave you to calculate how much that is. Once again, am I achieving 20% gain per trade? Of course not!

When I initially began, I was risking 3% per trade. My palms begin sweating to even think about risking that kind of percentage now. And let me tell you, I was up to around 50k and was still risking 3% per trade, until it sunk in that I was putting $1,500 on the line every time. That is when I began to reduce my risk. Would I recommend you risk something like 3%? No. There is a high risk of blowing out your account like this. At 0.5% now

Why might this method not be suited to you? Two main reasons.

1) You can't stand to be wrong. Me, I'm the opposite. I love having the freedom of being able to make many mistakes. I actually enter a trade expecting to lose, and am very surprised if it's actually a winner. It's just in my nature. I'm very comfortable taking many losses knowing that once the Tsunami comes i'll be taking home a very lucrative paycheck.

Many people in the past have told me how I'd be more profitable if I simply set a smaller target and won more of my trades. Perhaps they are right. I'm not interested though. I'm comfortable with this method, and I'm making more money than I possibly need.

2) The drawdown. This bit got very ugly. In fact when I first started, my $3,000 was down to $600 before I made my first win. That requires some real nerves. What was my balance when I won my first trade? $6,600. I over doubled my initial starting balance with a single win. My second trade brought me up to $11,400 or thereabouts. My 3rd win was my most memorable. I managed to turn my account into $25,000 with one win. I couldn't sleep for several nights.

Those are the two reasons why this may not appeal to you. And it's perfectly reasonable that it doesn't.

Congratulations!!! More greener pips to your account

Anticipating to either buy or sell NZDUSD depending on what price does when it gets to the trendline.

Anticipating this setup on GBPAUD

Expecting to short USDCHF

Expecting to short GBPJPY

Expecting to short GBPCHF

GBPJPY anticipation...

Waiting to buy the breakout of the descending channel on USDCAD

Anticipating a big fall on the EURUSD but i believe this will happen in series

currentprice:
good to always listen to your system and don't get emotional

_{^{another opportunty loading.......}}

Bad man..

currentprice:
over 200pips on my two position here. let me come and be going,, no be my papa owns market

Awesome bro...

GBPUSD trade idea am anticipating

GBPAUD anticipated movement.. I think this pair has some momentum to go a little further down.
If you were able to sell the breakout which happened on Tuesday, 11/07/17 with me and still holding your position,
then am sure you might be up by +590 pips by now.

My anticipated movement on EURJPY...

Is the second post above this post not contradicting?

Sell AUDUSD Breakout on 15 minutes TF

Feshizzy:
If we had a whatsapp group,
You wouldn't have found us here,

Note: whatsapp group kills threads anytime anyday

I am waiting to sell breakout on EURUSD on the H1 TF

I am sure you will love what GBPJPY is doing right now.
I am patiently waiting for the bearish flag currently forming to be
broken below to enter my sell bandwagon. Anyway you
can practice a good risk management by selling price if
it gets back to the up trendline of the flag to gain more pips.

prettyboey:
My update on NZDUSD. I am more bearish on this pair but I am anticipating
one more move up to the indicated trendline before the bigger downtrend. Therefore I
will wait to short this pair when it gets to the upper trendline indicated by the arrow. Meanwhile when price
breakout from the lower trendline too, i will gradly short it. Anyway, whichever way price decides to go
I am really ready to execute my plans.

Please if you want to join this trade, kindly practice a good and proper Risk Management.

Alright NZDUSD is doing what was anticipated On Monday

prettyboey:
GBPAUD has finally broken the ascending channel heading downwards as anticipated.
If you failed to sell the breakout dont worry, just relax and watch price to go into correction
as indicated on the chart and sell the breakout of the correction.

If you were able to enter this trade I am sure you are banking some green pips now

redsox11:
I love your trendlines. Especially when I'm confused, I just go to 4hrs and draw a damn trendline to help with perspective.

Thanks bro...

Update on USDCHF

GBPAUD has finally broken the ascending channel heading downwards as anticipated.
If you failed to sell the breakout dont worry, just relax and watch price to go into correction
as indicated on the chart and sell the breakout of the correction.