2. I decided to go the full 2.0 multiplication level so the levels would be easy to read and understand what was happening. The levels are
LEVEL 1-.05, L2-.10, L3-.20, L4-.40, L5-.80, L6-1.6, L7-3.2, L8-6.4
3. I also decided I was not going to do daily shutdowns but individual shutdowns instead based on certain criteria. However, in week 1 when it was advantageous I closed all twice and the second week twice. Once in the middle of the week and of course always on Friday.
4. HERE ARE THE TWO MOST IMPORTANT RULES
You dont give a rip what currencies are doing the first 4 levels but when one hits level 5 .80 you go into action.
A. THE NAME OF THIS GAME IS TO NEVER LET A CURRENCY GO TO LEVEL 7. You will do your best to get a good exit out of the trade for a profit or a minimal loss. YOU LOOK FOR THE BEST SMALL LOSS SCENARIO AND TAKE IT.
B. NEVER LET ANY CURRENCY GO INTO THE USA SESSION AT LEVEL 4 OR HIGHER unless it was an extremely low risk pair. Close that baby before the USA open and be safe. The gbp/usd, aud/jpy, eur/jpy, aud/chf, I didnt care what loss I took I was not going into the USA session without my full 6-700 cushion.
During this 2 week test of this method I tried and succeeded in never taking a loss bigger than 100 dollars. From the time a currency hits level 4 until it goes to level 7 you have 240 pips to find this solution. I actually looked at this like playing a computer game and started having fun with it.
LEVEL 1-.05, L2-.10, L3-.20, L4-.40, L5-.80, L6-1.6, L7-3.2, L8-6.4
3. I also decided I was not going to do daily shutdowns but individual shutdowns instead based on certain criteria. However, in week 1 when it was advantageous I closed all twice and the second week twice. Once in the middle of the week and of course always on Friday.
4. HERE ARE THE TWO MOST IMPORTANT RULES
You dont give a rip what currencies are doing the first 4 levels but when one hits level 5 .80 you go into action. A. THE NAME OF THIS GAME IS TO NEVER LET A CURRENCY GO TO LEVEL 7. You will do your best to get a good exit out of the trade for a profit or a minimal loss. YOU LOOK FOR THE BEST SMALL LOSS SCENARIO AND TAKE IT.
B. NEVER LET ANY CURRENCY GO INTO THE USA SESSION AT LEVEL 4 OR HIGHER unless it was an extremely low risk pair. Close that baby before the USA open and be safe. The gbp/usd, aud/jpy, eur/jpy, aud/chf, I didnt care what loss I took I was not going into the USA session without my full 6-700 cushion.
During this 2 week test of this method I tried and succeeded in never taking a loss bigger than 100 dollars. From the time a currency hits level 4 until it goes to level 7 you have 240 pips to find this solution. I actually looked at this like playing a computer game and started having fun with it.
