First of all thanks to FF and to my Wife as it give me the address of this thread as she told me can you deal with forex as Wholesale Grocery of Drugs ( as i'm Pharmacist )
The Idea behind that if you have Wholesale Grocery so you Sell a lot of goods with small profit at the end of quarter or year you will be the big winner
I'll go to directly how can i apply this
with minimum risk management as low as possible
for 10000 dollars you will enter with 0.1 or maximum 0.2 for each orders
BUY and Sell depend mainly at the previous candle i called it C-1 and the body of the candle
Time frame
I prefer one hour but if my grocery full of goods i'll go to 4 hours then i'll go to Daily but we will start by one hour time frame
Buy position
1- if C-1 Red (bear) and the body with minimum 10 pips buy when price violate the open of c-1 by one pip and spread
2-if c-1 Green(pull) and the body with minimum 10 pips buy when price violate the high of C-1 by one pip and spread
Sell Position
- if C-1 Red (bear) and the body with minimum 10 pips Sell when price Break the low of c-1 by one pip
2-if c-1 Green(pull) and the body with minimum 10 pips Sell when price break the open of C-1 by one pip
Take Profit and Stop Loss
TP 5 pips as Grocery
Stop loss I didn't pay Tax for my Goods may be i need Stop loss time not price as if my grocery full of goods i need to stop purchasing till i empty my stock
This idea is good for long time it is scalping
When I said when your grocery full of goods you must stop trading this mean BUY pair is one item and the sell of the same pair is another item
example BUY EURUSD is one item and SELL EURUSD is another item your grocery must have all type of item all time
The Idea behind that if you have Wholesale Grocery so you Sell a lot of goods with small profit at the end of quarter or year you will be the big winner
I'll go to directly how can i apply this
with minimum risk management as low as possible
for 10000 dollars you will enter with 0.1 or maximum 0.2 for each orders
BUY and Sell depend mainly at the previous candle i called it C-1 and the body of the candle
Time frame
I prefer one hour but if my grocery full of goods i'll go to 4 hours then i'll go to Daily but we will start by one hour time frame
Buy position
1- if C-1 Red (bear) and the body with minimum 10 pips buy when price violate the open of c-1 by one pip and spread
2-if c-1 Green(pull) and the body with minimum 10 pips buy when price violate the high of C-1 by one pip and spread
Sell Position
- if C-1 Red (bear) and the body with minimum 10 pips Sell when price Break the low of c-1 by one pip
2-if c-1 Green(pull) and the body with minimum 10 pips Sell when price break the open of C-1 by one pip
Take Profit and Stop Loss
TP 5 pips as Grocery
Stop loss I didn't pay Tax for my Goods may be i need Stop loss time not price as if my grocery full of goods i need to stop purchasing till i empty my stock
This idea is good for long time it is scalping
When I said when your grocery full of goods you must stop trading this mean BUY pair is one item and the sell of the same pair is another item
example BUY EURUSD is one item and SELL EURUSD is another item your grocery must have all type of item all time
I'm not a programmer and i don't like ! , but only I try to catch my view !
