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most simple method to achieve big success

  • #1
  • First Post: Edited 3:39am May 22, 2010 3:26am | Edited 3:39am
guys, actually the most simple way to trade forex is with no indicators.

even with 1min chart, just by patiently waiting for the right setup, u can make 1000pips with just 2 pairs a month.

i will bring up some examples daily for eur/usd n gbp/usd for u guys to see

i will only post winning setups. This method works 70% of the time.

those want to follow this method should have at least 1000pips to start with. So want u have signals for both pairs, u already used up 300pips in margin. If u make manage to make 100pips a day, that's 10%


If i have so much success, i may start opening up a forex business to help people to trade while guiding them towards success and learn more about my trading technique.
I have been trading this method for 12 weeks, having profits every single day, I have no losing days yet
  • #2
  • May 22, 2010 3:30am May 22, 2010 3:30am
this is an example of a 1min eur/usd setup

basically our entry will be 1.2494 while stop loss at 1.2470. This is a difference of 24pips. Therefore we aim for risk reward ratio of 1:2. Therefore, take profit at 54pips plus the spread of 3pips which is 57pips. That's about it. These kind of setups happen everyday. I persuade u guys if u want to trade this method, be prepared to face ur com. at least 12 hours a day. U can achieve it with great success.
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  • #3
  • May 22, 2010 3:36am May 22, 2010 3:36am
eur/usd setup.
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  • #4
  • May 22, 2010 3:46am May 22, 2010 3:46am
these kind of setup happens at least 2 times a day. I duno if u guys know of anyone trading this kind of strategy. Accept for me. I made $500usd into $6k now after 12 weeks. Very great success
  • #5
  • May 22, 2010 4:02am May 22, 2010 4:02am
you forgot to draw your trend line on last chart.
  • #6
  • May 22, 2010 4:02am May 22, 2010 4:02am
Quoting sg_trader
this is an example of a 1min eur/usd setup

basically our entry will be 1.2494 while stop loss at 1.2470.
Based on what? What setups? MA is an indicator. I wouldn't advise you trading without having at least a 5 minutes 200 EMA plotted on the chart.
  • #7
  • May 22, 2010 4:04am May 22, 2010 4:04am
Maybe my brain has melted and flown out of my ears - I don't understand a thing.
  • #8
  • May 22, 2010 4:19am May 22, 2010 4:19am
k, i shall post my everyday trades starting from monday. i work from usa time 8pm to 10am
  • #9
  • May 22, 2010 4:47am May 22, 2010 4:47am
sg_trader,
simplicity is the key (famous expression KISS); I was trying some pretty simple ideas to trade (candlestick patterns, or even simpler point and figure) but if I found some couching about that it was rather about education not trading in practice; by myself I wasn't able to tune details to get good results in longer time; anyway everytime I can hear about simplicity in trading - I'm curiouse.....now the same feeling so I'm interesting in details what you're doing/your mentioned eventual web (however remeber mate that 12 weeks it's only a soup before the main dish); all the best with next 12 weeks of trading
  • #10
  • May 22, 2010 8:52am May 22, 2010 8:52am
I agree that simplicity is good as it is robust, however you need to test your method on much more than 12 weeks of data. The markets change too much to draw any conclusions from this period. Look forward to seeing what you're doing though, and good luck.
  • #11
  • May 22, 2010 8:53am May 22, 2010 8:53am
the problem is why do everyone think indicators will lead them to success.

this is the problem that 95% of the people fall into
  • #12
  • May 22, 2010 9:39am May 22, 2010 9:39am
Quoting sg_trader
i will only post winning setups. This method works 70% of the time.


No losing setups?
  • #13
  • May 22, 2010 10:38am May 22, 2010 10:38am
to sg_trader Member

well I am so interested to see ur trading method ! will u please explain more clear ?
its based on what really ? just trendy lines and then breaking out of them isn't?

best regards
argon
  • #14
  • May 22, 2010 10:43am May 22, 2010 10:43am
$500 to $6000 in 12 weeks is a great success.
The absolute first thing you should do now is--
take $4000 out of your account and put it somewhere else far away.
trade with $2000, it's still 4x the money you had when you started.
Guarantee that you will be a success in the next 12 weeks.

Just be careful, market conditions change.

A couple of traders here on Forex Factory, whom I have the greatest respect for, and have contributed so much, have had well documented months of +70%, or +80% or higher returns, followed by heavy losses.

I wouldn't worry about opening a Forex business to teach people how to trade, just trade....
  • #15
  • May 22, 2010 7:15pm May 22, 2010 7:15pm
Let me get this straight. He says, "I'm only going to post winning setups. I have had no losing days. It's really easy. I've turned $500.00 into $6,000.00. I'm going to open a trading school and teach people my method."

Yet he hasn't taught a thing. Why not see if you can actually teach before opening a school? He who puts on armor should not boast as he who takes it off.

So, please, teach us something. And if we learn, then you might consider opening a school.
  • #16
  • May 22, 2010 7:23pm May 22, 2010 7:23pm
Quoting Dreamliner
Let me get this straight. He says, "I'm only going to post winning setups. I have had no losing days. It's really easy. I've turned $500.00 into $6,000.00. I'm going to open a trading school and teach people my method."

Yet he hasn't taught a thing. Why not see if you can actually teach before opening a school? He who puts on armor should not boast as he who takes it off.

So, please, teach us something. And if we learn, then you might consider opening a school.
Hey Dreamliner,

Hows the airline business?? Two good thread for you to check out. TEB 5ema @12 ema @ 21RSI
ALF/TVI- Simple Daytrading
Some good stuff on those

Mombone
  • #17
  • May 22, 2010 7:37pm May 22, 2010 7:37pm
Can u guys see i am using risk reward ratio of 1:2 for all trades? So my losses are always lesser than my profits. Based on market condition, i may exit break even with some trades. I will consolidate all profit or losing trade within that day into a post starting on monday.
  • #18
  • May 22, 2010 7:42pm May 22, 2010 7:42pm
how about some explanation
  • #19
  • May 22, 2010 7:59pm May 22, 2010 7:59pm
Charts are helpful, but if you could make a few indications of where you enter and exit on those charts and why.

From what I can see you are simply using S/R, drawing a channel for the range, and then trading the break of this range when price breaks the channel and retraces back to the S or R it just broke.

But this is just my assumption. I think you have the right idea, simple is good.
  • #20
  • May 22, 2010 8:59pm May 22, 2010 8:59pm
Quoting sg_trader
guys, actually the most simple way to trade forex is with no indicators.
Indeed this is an absolute truth.

Quoting sg_trader
even with 1min chart, just by patiently waiting for the right setup, u can make 1000pips with just 2 pairs a month.
Also true, a full time scalper can easily do that and more.

Quoting sg_trader
i will bring up some examples daily for eur/usd n gbp/usd for u guys to see
Aren't you already doing that on the Trading Journals section?

Quoting sg_trader
i will only post winning setups. This method works 70% of the time.
How much % equity do you risk per trade?

One can often learn much more about the pitfalls of a system by analyzing the losses... why hide them? They're as real as the wins.
I personally find 70% wins a bit tight for scalping, but with your 1:2 RR should be fine.

Quoting sg_trader
those want to follow this method should have at least 1000pips to start with. So want u have signals for both pairs, u already used up 300pips in margin. If u make manage to make 100pips a day, that's 10%
... and those who would want to follow this method, should make sure to test ANY method very thoroughly on demo before jumping in with hard earned cash with dreams and hopes of extraordinary returns only to meet reality sooner than later.

BTW: how long have you been trading overall?

Quoting sg_trader
If i have so much success, i may start opening up a forex business to help people to trade while guiding them towards success and learn more about my trading technique.
I have been trading this method for 12 weeks, having profits every single day, I have no losing days yet
Did you really mean IF I have or AS I have? Not clear to me.
And you shouldn't post this on the Rookie section as it can be interpreted as a rule #3 violation (no forum promotion).

12 weeks!
Another Holy Grail?
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