I had another yahoo conversation last night and a person kept on telling me, he only needs 10-20pips a day, so he has to trade on 15min charts to achieve his goals. Yet he spends 6-8 hour a day browsing for setups, gets up in London session, etc, etc….
He also has a small account. Never mind his results and stress, but I hope he gets my message. Here is my point:
Bago method is great, but please, please ..don’t just jump in on any signal. Do you really want to make 10-20pips on every signal or get stopped out for 30 ps sometimes? If you do that’s your choice, but think about it for a second. I may only get 3-4 good setups per month, maybe 6 sometimes if I trade more pairs. But when I get them I ride them or get stop out for a small loss. Loot at the cable setup from last Friday. I was short 3 position and sold one at 50p profit, second 100ps lower and finally last one today almost 250ps. I’m not counting last night scalp and those 4hr scalps.
Are you starting to get the bigger picture? Trade took almost 6 days to complete (not 5min or 1hr, but six days)
That’s 400ps profit in one trade. Let’s say you have 2-3 setups per month and average 500pips/month.
One day your account will grow and you’ll become professional trader.
You might think, 500ps is only $500 right now, but you get bigger and few years down the raw your pip will be worth $10, and then $1000.
500pips X 1000 equals $50,000 , and that’s on 2 setups only.
Can you get there, sure, but patience (remember, only good setups) and discipline is the key.
Do you have it, you know the answer..
Cheers,<o>
</o>
One more thing, I got tons of emails regarding our groups.
Guys please don’t email and ask to join unless you’re willing to participate in signal sharing. There are no freebees. Every member has to be active and post at least one live bago signal per week to the group in order to stay in groups. Signals are based on pure bago method only, that’s emas cross and rsi cross, no TLs.
<o> </o>
He also has a small account. Never mind his results and stress, but I hope he gets my message. Here is my point:
Bago method is great, but please, please ..don’t just jump in on any signal. Do you really want to make 10-20pips on every signal or get stopped out for 30 ps sometimes? If you do that’s your choice, but think about it for a second. I may only get 3-4 good setups per month, maybe 6 sometimes if I trade more pairs. But when I get them I ride them or get stop out for a small loss. Loot at the cable setup from last Friday. I was short 3 position and sold one at 50p profit, second 100ps lower and finally last one today almost 250ps. I’m not counting last night scalp and those 4hr scalps.
Are you starting to get the bigger picture? Trade took almost 6 days to complete (not 5min or 1hr, but six days)
That’s 400ps profit in one trade. Let’s say you have 2-3 setups per month and average 500pips/month.
One day your account will grow and you’ll become professional trader.
You might think, 500ps is only $500 right now, but you get bigger and few years down the raw your pip will be worth $10, and then $1000.
500pips X 1000 equals $50,000 , and that’s on 2 setups only.
Can you get there, sure, but patience (remember, only good setups) and discipline is the key.
Do you have it, you know the answer..
Cheers,<o>
</o>
One more thing, I got tons of emails regarding our groups.
Guys please don’t email and ask to join unless you’re willing to participate in signal sharing. There are no freebees. Every member has to be active and post at least one live bago signal per week to the group in order to stay in groups. Signals are based on pure bago method only, that’s emas cross and rsi cross, no TLs.
<o> </o>