I have been thinking about this questions for a long time. I have been trading for almost 4 years. In the past 4 years, I have been consistently losing, winning, losing, winning, losing, and winning. I have been digging into different forums to find a way to just make 2-5% monthly. I tried many methods from forex factory, All of them I tried is not making pips consistently in the long run. Until 1 day I read a article about playing Texas holdem and black jack. I finally realized that trading forex is not about prediction, using tech indicator, or draw tech chart; it is only about money management & winning probability. I think I found a way to make money consistently.
My winning ratio about 31.1%, every trade i risk only 34 pips to gain 200 pips.
I will share my experience with everyone here in this forum. Hope everyone can make some money.
As of today
01/07/08
Euro/usd: buy stop 3749, stop loss 3715, profit target 3949.
sell stop 3430, stop loss 3464, profit target 3230.
I will update my trade in 4 hour.
My winning ratio about 31.1%, every trade i risk only 34 pips to gain 200 pips.
I will share my experience with everyone here in this forum. Hope everyone can make some money.
As of today
01/07/08
Euro/usd: buy stop 3749, stop loss 3715, profit target 3949.
sell stop 3430, stop loss 3464, profit target 3230.
I will update my trade in 4 hour.