You need to take partial profits. The way I do it ... I open 4 positions. 3 of them have different take profit. The last one, which has no target price, will be closed when market reverse or my fund closes.

I trade both demo and live accounts using this method. Both are making good profit ... .. Drawdown is never greater than -10%. Growth is stable like VeeFX's chart above.... stable equity curve is what investors are looking for. Pairs ...

Agree, my account also didn't hit more than -10%. This method really works.

Theres a quite a number of them ... Insta/Tadawul/IBFX ... etc just Google them ..

Find a swap-free broker ....

Risk is a function of loss ($$ lost when SL got hit) and how probable for the loss to happen. That means a low risk is a small position + an entry where price is very unlikely to reverse against you bfore you manage to put SL to breakeven.

I like that ...

hello ppl ... how's your trading ... ?

I see. Thank you ...

Im using Instaforex, no spread account .. commission only ... Choose Eurica account, dont choose Standard. (but they are both 1 cent per pip account - just enter 0.01 in MT4). Standard is a no commision but just spread. In cost term ... both type ...

One question .. is your spread for GU and EU a fixed spread or variable spread ? What is the spread ?

Just to add a little bit. Somewhere in the thread Graeme mentioned about how the success rate of our entry improve as we use longer timeframe. Is it just me or does anyone here trade using Daily Chart as your focal interpretation? You will notice ...

Thanks Graeme for your wisdom.

Both chart A and B looks the same to me Graeme.

I'm in ... ^_^ — Graeme, I'm taking part in the assignment. Thank you very much for your teachings.

A number of positions had died at BE ... I guess the breakout failed again. I feel like I had left too much on the table and now they have vanished. But nvm that, I will just look for new opportunity .... the market will always be here.

This method is fun — Graeme, You are right, this method is fun. I've stacked 18 positions today ... 16 with SL at BE ... it is addictive. I can imagine myself doing this for a long time.

Im using 5M ... hoping to stack in as many positions possible ...

Thanks for your good lessons... Just to share what I discovered. It seems to me that it's difficult (for new traders) to maintain a cool head when suffering from a string of losses if trader have a fixed R:R like 1:3 ... the reason is because, ...

My lotsize (fixed lot) is calculated based on 0.5% risk per trade (60 pips SL) ... But the actual SL is less than 40 pips all of the time. I woke up late this morning ... missed another 4 new buy leg opportunity on JPY pairs .. sigh ...