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Demo contest only - 20 pips TP and 20 pips stop - Any TF

  • #21
  • Jul 13, 2020 2:06am Jul 13, 2020 2:06am
GU short 2651.

stop and TP 20 pips
Intraday only.
  • #22
  • Jul 13, 2020 2:22am Jul 13, 2020 2:22am
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20 pips is doable based on the ADR of GBPUSD.
if we catch the move and look for 10 pips profit instead of 20 pips then the success rate will be greater.

if we are looking for 20 pips daily, I suggest that we combined GBPUSD with GBPJPY then the frequency of hitting 20 pips daily is far more realistic.
  • #23
  • Jul 13, 2020 2:34am Jul 13, 2020 2:34am
Quoting failinforex
{image} 20 pips is doable based on the ADR of GBPUSD. if we catch the move and look for 10 pips profit instead of 20 pips then the success rate will be greater. if we are looking for 20 pips daily, I suggest that we combined GBPUSD with GBPJPY then the frequency of hitting 20 pips daily is far more realistic.
The idea is consistent winning at 1 : 1 ratio.

However if you can make more, well and good, But your risk also has to be according to TP
Intraday only.
  • #24
  • Jul 13, 2020 2:35am Jul 13, 2020 2:35am
Quoting navk
GU short 2651. stop and TP 20 pips
logically your TP reached
  • #25
  • Jul 13, 2020 2:37am Jul 13, 2020 2:37am
5 TH trade of the day.

TP hit.

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Intraday only.
  • #26
  • Jul 13, 2020 2:40am Jul 13, 2020 2:40am
in my real account too, very nice profit. 11.2 %. until now.

In Asia, long trades, Frankfurt short trades. quick close.

London open short trades.

The trade size large in real account though.
Intraday only.
  • #27
  • Jul 13, 2020 2:47am Jul 13, 2020 2:47am
I like more than 20 thou Nav I want it all
  • #28
  • Jul 13, 2020 2:51am Jul 13, 2020 2:51am
Quoting elbert3
I like more than 20 thou Nav I want it all
hey, you are big man with big capital. you can expect lot more.

For 5 k account, 1.5 % is good enough.

However, I made very good in my real account.
Intraday only.
  • #29
  • Jul 13, 2020 2:51am Jul 13, 2020 2:51am
I just took my tp out of 10 pips.

im following up with this. And it’s been nice.

lets get some more pips
#Stay blue. /swinger/scalper/
  • #30
  • Jul 13, 2020 2:52am Jul 13, 2020 2:52am
Quoting navk
{quote} hey, you are big man with big capital. you can expect lot more. For 5 k account, 1.5 % is good enough. However, I made very good in my real account.

I guess this is a very lucrative way to become a millionaire in forex.

psychology will play a little role here. Get in and get out within minutes.


nice idea.
#Stay blue. /swinger/scalper/
  • #31
  • Jul 13, 2020 2:53am Jul 13, 2020 2:53am
Quoting Ehminiz
{quote} I guess this is a very lucrative way to become a millionaire in forex. psychology will play a little role here. Get in and get out within minutes. nice idea.
yeah, Millionaire idea.


Intraday only.
  • #32
  • Jul 13, 2020 2:57am Jul 13, 2020 2:57am
Quoting navk
{quote} yeah, Millionaire idea.
I rather be a daily forex hundredaire
  • #33
  • Jul 13, 2020 3:00am Jul 13, 2020 3:00am
Quoting failinforex
{quote} I rather be a daily forex hundredaire
as long as you are consistent, that is very good.

The idea of this thread is to learn and practice consistency, which you can apply in real account.
Intraday only.
  • #34
  • Jul 13, 2020 3:01am Jul 13, 2020 3:01am
Quoting navk
{quote} yeah, Millionaire idea.

yeah. Let’s stick to it.

we will definitely come out of it all.

#Stay blue. /swinger/scalper/
  • #35
  • Jul 13, 2020 3:06am Jul 13, 2020 3:06am
Quoting navk
{quote} as long as you are consistent, that is very good. The idea of this thread is to learn and practice consistency, which you can apply in real account.
brother but that one need emotionless whether to take or give strict to rule, patience plays a lot which is absent in most of us including myself .as long you stay with rules you win.
  • #36
  • Jul 13, 2020 3:13am Jul 13, 2020 3:13am
Quoting wasay
{quote} brother but that one need emotionless whether to take or give strict to rule, patience plays a lot which is absent in most of us including myself .as long you stay with rules you win.
20 pips doable
10 pips higher chance
and if we aim for 5 pips, just 5 pips per day
  • #37
  • Jul 13, 2020 3:15am Jul 13, 2020 3:15am
Quoting wasay
{quote} brother but that one need emotionless whether to take or give strict to rule, patience plays a lot which is absent in most of us including myself .as long you stay with rules you win.
this is why 20 pips rule.

No emotions.

You take a trade when you see an opportunity to earn 20 pips or more. Then you set TP and STOP 20 pips.

No emotions.

If you consistently win 20 pips, your confidence as well as account grows.
Intraday only.
  • #38
  • Jul 13, 2020 3:35am Jul 13, 2020 3:35am
I’m expecting a retracement on GU M15, then possible sell can continue.

another opportunity to short.
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#Stay blue. /swinger/scalper/
  • #39
  • Jul 13, 2020 5:03am Jul 13, 2020 5:03am
Hi guys, I was thinking about it and I might help. I created some kind of weird bands. Fun thing is price mostly moves in these bands 70-80% of time. Would anyone use this for this or not? I think it is kinda useful actually. Check chart.

Might do the MT4 version if needed. Hopefully. I don't use MT4 actually but still might be possible. It does not repaint of course. (Then it would be useless)

SF
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  • #40
  • Jul 13, 2020 5:07am Jul 13, 2020 5:07am
Just to illustrate if we add GBPJPY to achieve our goal - it reduces the time to achieve the goal if we aim 10 pips for each pair.

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