Hello Designer,
I told you that price will melt down later, unfortunately I was out of my office and I lose all these pips.
It is very important to understand that in forex the most important is not only where to enter and exit a trade but also money management. For example if you lose, you should have a specific close tight stop loss, lets say 30 pips not more.
And if you win you let your profit expand to pass 50 pips. It is better you have 2 lots, one you take your profit early and the other to break even, so if the second trade goes your way you can even make 60 - 80 pips from the second lot.
If you lose more than 30 pips per trade per lot, on a losing trade then in the end you will be in loss, so just find the best entry so your stop loss wil not be more than 30 pips, and that's the trick ! You lose 60 in the worst scenario and you earn 70 - 120 (2 lots)
I told you that price will melt down later, unfortunately I was out of my office and I lose all these pips.
It is very important to understand that in forex the most important is not only where to enter and exit a trade but also money management. For example if you lose, you should have a specific close tight stop loss, lets say 30 pips not more.
And if you win you let your profit expand to pass 50 pips. It is better you have 2 lots, one you take your profit early and the other to break even, so if the second trade goes your way you can even make 60 - 80 pips from the second lot.
If you lose more than 30 pips per trade per lot, on a losing trade then in the end you will be in loss, so just find the best entry so your stop loss wil not be more than 30 pips, and that's the trick ! You lose 60 in the worst scenario and you earn 70 - 120 (2 lots)
Ok so here is my conclusion
one way i think should work in forex
i have seen Ash from long time and just keeping his short and long
about more than 800 pips and more profit range and others who are keeping long term trader would work also....
get the best main top or bottom point and buy or sell that time with margin means stop loss around more than 200pips
pick a right definate direction where the market is going pick good top point and keep the short or long for Long time frame may be weekly or monhtly
do one trade big trade with definate direction
actually its good time to go for short for long time frame as weekly trendline has been broken i knew that its down all the way but shortterm showed me it will go with little more up
so all is i understand is without loosing money go with weekly or monthly definate direction trade like ash is doing - one of the best way to win the forex 100%...
no more pain for everyday
