Want to know how to get rich?

This deal is done either way. I can leave it for 30 minutes.

Meaning even if it goes sour, im not ready to get in any more. TPs you can see. So lets see what kind of risk/reward i get on these.

If it drops 15 pips my risk is bigger then the reward is right now. But i MIGHT change the reward higher.
Also i MIGHT keep one or two of these and move the TP upwards if we get to the current TPs. So the risk/reward is still floating, all depending on PA.

So why are there 3 trades? I want to be able to close it in portions, gives me options to reduce the position depending on arising probabilities. I said earlier that what i do maybe can be explained as a method. By that i mean i think its more effecient if i just show you what i do. How you want to think about is your own thing. Call it what you want.

(Reward) X (Its own probability to happen) - (Risk) x (Its own probability to happen) = Trade value

As long is "Trade value" is higher then .5, the position is good

So for instance, which is close to reality: (Reward = 1) x (Its probability = .9) = .9 - (Risk = 2) x (Its probability = .1) = .2
And then (.9) - (.2) = .7

That means a normal trade will generate: 1 x 0.9 = 0.9 - 2 x 0.1 = 0.7

A good trade will generate +0.7 and then you use what ever variable you want for that. You can easily see that if this formula is true, trading profitably is not a matter of how much money you have now. For in 1 year you will own all the money in the world.

If lets say you have a TP of 12, SL 24, in 9 cases you will be rewarded 12 pip and in one case loose 24 pip.

Then 12 pip x 9 = 108 in profits and 24 x1 = a loss of 24 pip, means to total is 108 - 24 pip = 84 pip.

If you want to think of the pips as 1$, 2 $, or 100 $ doesnt matter.

At 1$ pip thats 84 dollars in 10 trades.

At 2$ pip thats 168 dollars in 10 trades.

At 100$ pip thats 8400 dollars in 10 trades.

Catious MM would be for instance: 1$ is 1 pip is 1.000 of base currency is 1:10 leverage.

So at a 20.000 $ account thats 1680 $ in 10 trades. Thats +8.4% in 10 trades.

Bold MM would be for instance 3$ is 1 pip is 1.000 of base currency is 1:30 leverage or so.

So at a 20.000 $ account thats 5040 $ in 10 trades. Thats +25.2% in 10 trades.

So if the formula remain true the question is not how much money you have at the start. At +8.4% in 10 trades you will more the have doubled the money in 100 trades. What ever you where starting out with, after a 100 trades you are quite the happy camper.

yes, good calculation. the win rate at 90% is the key to maintain with a 0.5 reward/risk.

Guess you can call that averageing in.

Closed a few on the way.

U wanna RICH??


GO SELLING THE DRUG my BOY! HIGH RISK BUSINESS

i want ice cream, we all scream for ice cream!

Why not u try once to take a risk??

Forex =High Risk Extreme High Return with leverage

Selling Drug = High Risk Extreme High Return

Both are SAME

ICE CREAM only for sweet girl

Nothing but the charts.
I should see to it that i dont trade on ideas that are not CLEARLY visible in the charts. Meaning there is no "knowing whats going to happen" or anything like that. The charts, especially the right ones tells the whole story, and its not a very difficult story to understand. Meaning there is nothing beyond the charts to tell me anything important.

If i just read the charts and get with the story, im fine. If i start thinking i know more then the charts, i do badly.

Why then not speak of this current candle?



Actually now that i think about it, maybe its an irrelevant question.

Actually, from the look of it there are people hiding their orders. They know what to do and when to do it, but if they do it there the word will spread. But they have a system nonetheless. A system to hide their real hourly *cough* intentions.

about 100 pips upside. Euro is extremely strong today. end of the month crazy.

I think now we are on the same Wave or ? :-) Waiting for more Lows to open new ones

GBP/Cad 2 trades opened allready

E/U opened since friday