The GU and I

Hello,

Can we expect the forex market to meet our daily needs? We Indonesians need around 7 million rupiah a month to live a minimum standard and that means we have to try to earn at least $ 500 a month in profit in order to live in Jakarta. Believe me, it will not be easy to be able to get that much profit if our capital is insufficient because it takes a minimum of $ 10,000 in capital to make it happen, plus a good knowledge of the forex market.

Actually working in the US is the best choice if you have the opportunity because you can make $ 80 to $ 100 a day even if you only work as a patchwork stickman who stands all day or you can work in a garment company or drug factory. Young couples will easily get a visitor visa and can work for 6 months if you are not able to apply for a work visa. Usually we will be suitable to work in Philadelphia because many of our friends work there and usually they will offer jobs after you arrive there.

Sorry I'm not an agent, huh? I will return to discuss how to make money from forex on the condition that you have enough capital to trade.

What are the most attractive pairs to buy and sell? Of course the pairs that are related to the pound sterling such as GU, GA, GC and GJ. I will focus on looking at the opportunities in GU and we will be able to work together by discussing the opportunities we will get before we make a decision to trade. Losing and winning in trading in the GU pair is an event that we will often see and it is impossible for us to avoid losing or choosing only a winning position because usually GU is very wild in moving up and down and sometimes tired so it only moves sideways.

With an initial capital of $ 10,000 the expectation of $ 500 a month in profit is reasonable. I choose to lose $ 200 aka 2% every time I make a mistake. On the other hand, the target that I hope is of course at least 2 times greater than the risk I bear. The stop loss that I will use is 50 pips and that includes the spread. I use a daily chart like the following picture.

Please feel free to comment with or without a chart if you are also interested in analyzing GU and let's discuss and build each other up.

Cheers

This pair is very interesting and in my opinion if we are lucky then we will go along the trend in the lucky month.

Hopefully we'll see a trend like this soon. There are 1,500 pips available for a good strategy .

and this was the worst month for GU. It will be easy for us to find out about this situation when we brainstorm later.

Thanks for sharing your initial thoughts. I was triggered by this line. I was wondering, how is a return of $500 reasonable on a capital of $10.000? On what is this based or compared to?

BT

The rules I use are very simple because I like to make simple decisions.

1. Only trading on the daily chart.
2. Avoid trading when the market is sideways
3. Prices are too high or too low do not apply to GU and don't let me not trade just for fear of seeing these conditions.
4. Stop loss should not exceed 50 pips
5. Target as large as possible.
6. Because this is a GU pair, I don't know what cut lose or cut profit or locked profit is unless the day before I lost 50 pips, I can close today's transaction with a minimum profit of 100 pips
7. Avoid smiling especially laughing when you are winning because conditions can change at any time.
8. Avoid showing a gloomy face when losing 2%.
9. If the market is crawling up then find the best place to buy.
10. If the market is going south then of course find the best place to sell.

I will show examples of trades as soon as there is a good opportunity to trade.

Thanks , what I mean is that we can expect an average return of 5% on the initial capital by following a 2% risk per transaction. It could be less or it could be more depending on the situation on the market in the last month.

Example of losing 50 pips and winning 150 pips

The chart shows an indication that the trend will continue but I am still waiting for the opportunity to trade. Obviously the best place for me to buy is around 1.3310 and if the GU doesn't come back to that area then I'll be left behind. Why do I choose this area? because this was a strong area that gave support yesterday

The daily picture looks clearer as the trend is likely to continue upward this September. What's your view?

Singing is better than forcing to trade in an unsuitable atmosphere.

Hello everyone, it's possible that the GU will still go down a little more but I've already bought it. Buy GU at 1.3368 tp 1.3500 sl 1.3310

Am I afraid of this? it's not because I'm following a trend that's going even further upward.

I think there is no reason not to buy GJ at the moment as this pair will continue its journey along with GU and will try to reach 149,300

Am I sure that GJ will rise that high?

It looks like I don't have to wait for the European session to start trading. I've bought GJ at 141,807 tp 144,000 sl 141,000

I think GU and GJ are more suitable to join in one thread so I don't have to control 2 threads because both are under Pound Sterling power.

Okay I see. I think 5% is quite steep but hopefully you make it happen. I wish you many pips.

best regards,
BT

I will, thank you so much for your support and good business for you as well

I entered too early so that the stop loss was hit