My chart is a little wider but it is pulled from Monday, 9400 gave way earlier still im looking to get a rally to enter short position.
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OK, I had another winner this morning and I am now 3 for 3 using SRDC. Again, I set my automatic trade using 3 100K lots, but I set a TP of 15 pips today, hoping to gain a little more out of the downtrend. I got up this morning and logged into my account to see that the trade opened and closed within about an hours time and I earned another $450.00!! That's $950.00 in three days with only about 5 minutes of work each afternoon.
I understand that I could have a loser at any time, but so far, 3 for 3 and up almost a grand for the week is very exciting to me. Particularly since it is such an easy set up with minimal time and stress.
Someone had asked in an earlier post if I was using SRDC 1 or 2. I'm not sure how to answer, because I'm still reading the threads, and it has gotten rather confusing as to what is what. I noticed that others have indicated this as well. To clarify though.... I am actually using the SRDC 1 method to set up my trades, but I am trying to pre-confirm my trading direction using the SRDC 2 methods, so I guess I am using both? I hope this makes sense.
Anyway, I have spent about 5 minutes at the open the last 3 days to set up an order entry. I set my order entry to buy or sell 3 pips above or below the current S or R. I am not bracketing both sides. I am trying to predetermine the direction and placing either a buy or a sell, but not both. My thinking is that I only want to go with the current trend since that is where the momentum gives you the best chance of success. I then added a 35 point S/L and a 10 or 15 PIP TP. All three trades opened while I was sleeping
, moved to the T/P, and then automatically closed. This seems far too simple, and I have not had a losing trade yet either, so I haven't had to deal with that part of it, but I'm sure that at some point it will come. I have only traded one currency and that's the GPD/USD.
The bottom line is that this technique works, and it's very simple to use. I believe that OR is correct when he talks about the fact that even his grandmother could be successful with it. Once I figure out how to safely set trailing stops on my automatic trades, this should get even better, because I could have easily picked up 100 or more pips on each trade. With 100 pips per trade, that would have pushed my profit level up to $3000.00 per day, rather than the $300.00 to $400.00 I have been making. That would be a $9000.00 profit in only 3 days time, spending only about 5 minutes per day. Where else could you make that kind of money for that amount of work?
I want to clarify as well, that I have ZERO experience in trading FX. So far, I am 3 for 3 in my SRDC trading career. Now I'm not new to trading, as I have many years of trading experience with stocks and mostly futures, so I am not new to speculating. Anyway, I am continuing to study the threads and I hope to improve on what has already been a remakable start to my FX trading. Thanks OR and the others for sharing these ideas.
I understand that I could have a loser at any time, but so far, 3 for 3 and up almost a grand for the week is very exciting to me. Particularly since it is such an easy set up with minimal time and stress.
Someone had asked in an earlier post if I was using SRDC 1 or 2. I'm not sure how to answer, because I'm still reading the threads, and it has gotten rather confusing as to what is what. I noticed that others have indicated this as well. To clarify though.... I am actually using the SRDC 1 method to set up my trades, but I am trying to pre-confirm my trading direction using the SRDC 2 methods, so I guess I am using both? I hope this makes sense.
Anyway, I have spent about 5 minutes at the open the last 3 days to set up an order entry. I set my order entry to buy or sell 3 pips above or below the current S or R. I am not bracketing both sides. I am trying to predetermine the direction and placing either a buy or a sell, but not both. My thinking is that I only want to go with the current trend since that is where the momentum gives you the best chance of success. I then added a 35 point S/L and a 10 or 15 PIP TP. All three trades opened while I was sleeping
, moved to the T/P, and then automatically closed. This seems far too simple, and I have not had a losing trade yet either, so I haven't had to deal with that part of it, but I'm sure that at some point it will come. I have only traded one currency and that's the GPD/USD.The bottom line is that this technique works, and it's very simple to use. I believe that OR is correct when he talks about the fact that even his grandmother could be successful with it. Once I figure out how to safely set trailing stops on my automatic trades, this should get even better, because I could have easily picked up 100 or more pips on each trade. With 100 pips per trade, that would have pushed my profit level up to $3000.00 per day, rather than the $300.00 to $400.00 I have been making. That would be a $9000.00 profit in only 3 days time, spending only about 5 minutes per day. Where else could you make that kind of money for that amount of work?
I want to clarify as well, that I have ZERO experience in trading FX. So far, I am 3 for 3 in my SRDC trading career. Now I'm not new to trading, as I have many years of trading experience with stocks and mostly futures, so I am not new to speculating. Anyway, I am continuing to study the threads and I hope to improve on what has already been a remakable start to my FX trading. Thanks OR and the others for sharing these ideas.
