Low Risk High Reward

I have started this thread mostly for my own gain as I tend to be more decisive with my trading when I broadcast my trades and my methods.

I'm sure I will get lots of criticism but this it something that I have allocated a small portion of my trading account to, and see if I can complete my 1:10 risk reward trades.

I will use a demo account to show my trades and my reasons behind them and to show the progress of the account.

The method is based on a different type of money management where I will risk a small amount, normally around 6 - 10% of the capital to gain 100% of capital. It is a 3 point entry scaling in method and once you have entered your second position then the trade becomes a risk free trade. This method will not work in choppy conditions so there are quite a few break even trades and I think this is where I will get the criticism as I leave a lot of profit in the market and a lot of people will say that I should take some profit. Once the last position has been placed then it becomes a set and forget trade where you either get the full 100% profit or nothing.

I use volume, S & R levels, market profile and price action as my method of analysis and entry levels. I use 1H and 15M charts for my analysis and 1M for my entry methods. I generally only trade the GBPUSD and EURJPY

Well that's basically it, if I can think of anything else to add then I'll add it at a later stage.

Is this based on the Double in a Day method? It sounds interesting to me and is doable. looking forward to your posts.

Hi, I have heard about it but I have not based it on any specific method. I have always wanted to try this and to see if it is possible as I have used this method on quite a few trades already so am confident that it will work out well.

I primarily look for entries before or during the European market and they can continue into the US session

Here is my view and a trade I would have taken this morning and my reasoning behind it. Unfortunately I had internet problems so was not able to take it but I have used this as an example. Lets see if it works out. If the trade was taken it would currently be a break even trade with the stop sitting at Stop 2

Ok, entry 3 now active and stop moved to 1.4833 for all the trades so break even again, now I just wait to see if I get to TP or close all the trades with an accumulative break even over the 3 trades

Trade successful now looking for the next one,