Profitability: This is a must when we look for a system .Lowering the risk factor and increasing the reward is simply the answer to a profitable system
Probability: One of the important elements of a trading system, but it does not always mean it will be a profitable trading system, if the proper money management is not in use.
Consistency: Without consistency we will not be able to breath in the on going changing market condition. A consistently profitable system will pick up some drawdown as soon as the extreme condition is over.
Flexibility: Providing Simple, Easy and Powerful System which can be used in any time frame and on any financial instrument.
Trailing stop wasn’t the best option today, 20 pip trailing stop just got hit like that. Anyway break even is not that bad when there is no clear trend.
Definition: When market makes new high or new low, there is always a pullback. After the pullback the market will re-test the previous high/low. If the market fails to hold the new high/low, it signals a potential trend reversal. Trade orders are entered to sell the low of the bar trying to breakout or buy the high of the bar trying to breakdown. This pattern is regarded as a high probability set up; there is one way to increase the probability even higher. Divergence is a great tool to see the dying momentum in the 2B pattern. The price will make new low or high to form a 2B pattern as we can see from the definition. In a successful breakout, momentum should shift to higher level but 2B is an unsuccessful breakout or you can say fake out, so failing momentum will be an early sign for us to not enter the breakout. We will now wait for the signal candle to enter the trade with confidence. Target: The target is usually set at the ‘swing low’ prior to the new high or ‘swing high’ prior to the new low. Stop: Protect your ‘long’ trade entry by placing a ‘stop’ below the recent low and protect the ‘short’ trade entry by placing a ‘stop’ above the recent high.
I had a ok week last week,this week started with a wrong stop loss set up which costed me $1200 .In 1 hour chart i usually set 50 pips stop but somehow i put stop only 30 pips.
I had a busy busy trading session last night, went for few trades and missed a good one. Looks like I shouldn’t have got out of the USD-CAD ,all others trades exited with perfection.
Please release my money:Its more then two weeks my money is trapped with Alpari(UK), we as traders should not suffer for brokers unsafe market conduct .
sorry FXHU,i try [email protected] to contact me. My paypal account is already exceeded its limit,so if want to purchase you have to do bank transfer or you have to wait till i fix the problem.Also i do one to one explanation of the course on skype .
