Day trades

Ok After trading I realize 95 % of what is on this site or anywhere in FX it’s all meaningless
KISS is the way to trade

Forex is a Poker Game not a Chess game
its the best odds not the best player

The most important rules.
1. Trade with the trend
2. Must have a target and a stop lose
3. Must have 2 to 1 Risk to reward ratio to trade (better 3 to 1 RRR)
4. Find a good trigger - Master it. Know it’s really not that important
4. Find a trade put it on and forget it let it run;; do not play with it you win the hand or you lose hand ... move on to the next hand
5. Only take the 2nd or 3rd swing in a move



Again the System is not really that important
I am using 50sma and a 14 CCI
S/R Trend lines and candles
Maybe Fib window 38% to 62% area




The Key to trading is math.
I can control my odds in the Risk Reward Ratio(RRR)
Its the Win Loss Ratio(WLR) I have to figure out

100 trades of 100 lots each

1:2 risk reward ratio
1 to 1 Win Losers ratio = 50 lots
2 to 1 Win Losers ratio = 101 lots
3 to 1 Win Losers ratio = 125 lots
4 to 1 Win Losers ratio = 140 lots

1:3 risk reward ratio
1 to 1 Win Losers ratio = 100 lots
2 to 1 Win Losers ratio= 168 lots
3 to 1 Win Losers ratio = 200 lots
4 to 1 Win Losers ratio = 240 lots

we see a lot of good thing making it look like a trade maybe coming
the fibbs on the day
close to the trend line
break and bounce of the counter trend line
we have a great RRR

likely not take this trade as I am in on the audnzd

Historically when a hurricane hits the USA
The usd gets stronger - for no reason
Then it drops like a stone

Just an up date audnzd trade up 95 pips

entry 1.261
SL 1.268
1st TP 1.2410
2nd TP 1.2310 (will move it as it swings down)
reason for entry BPC




Missed some great 4 hour trades been busy this week
1. gbpjpy
2. chfjpy
Missed one great day trades
1. nzdusd ( I was in on the audnzd)

jim

I should have said about my poll
I see the 3sma of this system as 1 Technical Indicator
not as 3 Technical Indicator .

watching usdchf day

my trade on the audnzd is going well

usdchf Day (BPC)
entry.7985
SL.8150
1st TP.7555
2nd TP.7260

crazy day

audnzd now down 27 pips after being up 120 pips
usdchf up 51 pips

down for now

end of the trading day
audnzd +5 pips
usdchf + 35 pips

end of week
audnzd +36 pips - closed
usdchf + 195pips -closed


I am closing both trades I have on as Non-Farm Employment Change is coming out in less then 2 hours over 225 pips for the week

Very Strong S/R