This trading style is developed from commodity traders back in the 80's who made millions compounding positions into massive gains by using internal position financing to double positions at regular intervals.
I am going to start small and fish for big movements in pairs and as my profits grow so will my positions.
Example:
4/21/2002 Enter EUR/USD Trade
EUR/USD Trade at .9000 size .01
EUR/USD Trade at .9100 size .01
EUR/USD Trade at .9200 size .02
EUR/USD Trade at .9300 size .04
EUR/USD Trade at .9400 size .08
EUR/USD Trade at .9500 size .16
EUR/USD Trade at .9600 size .32
EUR/USD Trade at .9700 size .64
EUR/USD Trade at .9800 size 1.28
EUR/USD Trade at .9900 size 2.56
EUR/USD Trade at 1.0000 size 5.12
EUR/USD Trade at 1.0100 size 10.24
EUR/USD Trade at 1.0200 size 20.48
EUR/USD Trade at 1.0300 size 40.96
EUR/USD Trade at 1.0400 size 81.92
1/12/2003 If we sold all at 1.0600 Profit = $655,360.00
4/6/2008 If we stopped adding to
Positions and help on till 2008
Selling all at 1.6000 Profit = $8,192,000.00
This will take a lot of luck but we only need to catch one big run and the volatility of the forex market could allow this to happen very quickly.
To find the right pairs we are fishing with pairs that have come off all time highs or lows and start betting on the turnaround. Ideally I am looking for pairs that have an alltime high and low difference of 6000 to 10000 pips.
I am going to start small and fish for big movements in pairs and as my profits grow so will my positions.
Example:
4/21/2002 Enter EUR/USD Trade
EUR/USD Trade at .9000 size .01
EUR/USD Trade at .9100 size .01
EUR/USD Trade at .9200 size .02
EUR/USD Trade at .9300 size .04
EUR/USD Trade at .9400 size .08
EUR/USD Trade at .9500 size .16
EUR/USD Trade at .9600 size .32
EUR/USD Trade at .9700 size .64
EUR/USD Trade at .9800 size 1.28
EUR/USD Trade at .9900 size 2.56
EUR/USD Trade at 1.0000 size 5.12
EUR/USD Trade at 1.0100 size 10.24
EUR/USD Trade at 1.0200 size 20.48
EUR/USD Trade at 1.0300 size 40.96
EUR/USD Trade at 1.0400 size 81.92
1/12/2003 If we sold all at 1.0600 Profit = $655,360.00
4/6/2008 If we stopped adding to
Positions and help on till 2008
Selling all at 1.6000 Profit = $8,192,000.00
This will take a lot of luck but we only need to catch one big run and the volatility of the forex market could allow this to happen very quickly.
To find the right pairs we are fishing with pairs that have come off all time highs or lows and start betting on the turnaround. Ideally I am looking for pairs that have an alltime high and low difference of 6000 to 10000 pips.