Trade tally
- Number of trades: 1
- Loss/Pips: 1/15.8
- Wins/Pips:
= Total: -15.8
Market conditions are horrible due to the western imposed terroristic war on my brotherly nation of
Iran 
For this reason I will be working extra hard to help my brotherly nation of Iran and also spend the time to introduce another model I have: The Honey Maker, Whinnie the Pooh
My model applies simple strategy:
- 10, 15, 20, 25, 30 pip system.
The system goes as follow: You open lets say 5 contracts in this example - after placing your Stop Loss (which is placed at invalidation of the swing) you place your Target points in increments: 1st Target, 20% at 10 pips, 2nd Target, 20% at 15 pips, 3rd Target, 20% at 20 pips and continuation.
( the % represent your position size, not target length)
There are certain rules to this:
- You need a high probability target further down/up then your initial exit point - Lets say your high probability target is 50 pips from your entry, in the example above, you would exit 100% at 30 pips, meaning you would exit before reaching the final target - the importance of this system is it allows you to milk fake outs - were the market pretends to go certain direction but reverts - these are all pips given back to the market if no TP have been triggered - the likely hood of timing the market is very small, every so often you get the smooth entry and direct to TP, but this is seldom and especially in current conditions - what most likely happens is that the market will go your direction and revert half-way or maybe stall? This system takes advantage of suck market conditions.
- After first TP is triggered, you move SL down to half risk, after 2nd TP triggered, move SL to BE etc - generally, SL movement is dynamic instead of systemic. Using the system when possible or else using head!
The only downside to this is the heavy work-load from this type of trading, since you would need to scout the market and be in front of screen once you put orders out until you close the position.
In a good week its possible to catch around 50-100 pips (my pip estimates are based on normal time and volatility, currently its war time and high volatility) and possibly more with good conditions, especially now when the market keeps chopping back and forth waiting for certain news to pop.
------- I will post the trades here the coming hours!
- Number of trades: 1
- Loss/Pips: 1/15.8
- Wins/Pips:
= Total: -15.8
Market conditions are horrible due to the western imposed terroristic war on my brotherly nation of
Iran For this reason I will be working extra hard to help my brotherly nation of Iran and also spend the time to introduce another model I have: The Honey Maker, Whinnie the PoohMy model applies simple strategy:
- 10, 15, 20, 25, 30 pip system.
The system goes as follow: You open lets say 5 contracts in this example - after placing your Stop Loss (which is placed at invalidation of the swing) you place your Target points in increments: 1st Target, 20% at 10 pips, 2nd Target, 20% at 15 pips, 3rd Target, 20% at 20 pips and continuation.
( the % represent your position size, not target length)
There are certain rules to this:
- You need a high probability target further down/up then your initial exit point - Lets say your high probability target is 50 pips from your entry, in the example above, you would exit 100% at 30 pips, meaning you would exit before reaching the final target - the importance of this system is it allows you to milk fake outs - were the market pretends to go certain direction but reverts - these are all pips given back to the market if no TP have been triggered - the likely hood of timing the market is very small, every so often you get the smooth entry and direct to TP, but this is seldom and especially in current conditions - what most likely happens is that the market will go your direction and revert half-way or maybe stall? This system takes advantage of suck market conditions.
- After first TP is triggered, you move SL down to half risk, after 2nd TP triggered, move SL to BE etc - generally, SL movement is dynamic instead of systemic. Using the system when possible or else using head!
The only downside to this is the heavy work-load from this type of trading, since you would need to scout the market and be in front of screen once you put orders out until you close the position.
In a good week its possible to catch around 50-100 pips (my pip estimates are based on normal time and volatility, currently its war time and high volatility) and possibly more with good conditions, especially now when the market keeps chopping back and forth waiting for certain news to pop.
------- I will post the trades here the coming hours!
A fool prays for an easier road, a wise man prays for stronger legs
5m Euro/USD chart)
