30 to 60 pips is good enough for me | Forex Factory

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30 to 60 pips is good enough for me

  • #1
  • First Post: Edited Sep 11, 2015 4:23pm Sep 10, 2015 8:36am | Edited Sep 11, 2015 4:23pm
Risking 15 pips for 15 or 30pips
Trading 6 pairs
Protecting Trades @ 8 or 12pips profit
Trading 1 hour charts only
Using two(2) Support/Resistance Approaches:
- Buy when previous bullish close stands as support.
- Sell when previous bearish close stands as resistance.
- Buy/Sell Fractal Bar close standing as support/resistance.

Please read the following posts:

Post #21
Post #22
  • #2
  • Sep 10, 2015 8:39am Sep 10, 2015 8:39am
Long AUDJPY @ support.
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  • #3
  • Sep 10, 2015 8:49am Sep 10, 2015 8:49am
Quoting RuAc
Long AUDJPY @ support. {image}
Tp +15.1pips.
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  • #4
  • Sep 10, 2015 9:19am Sep 10, 2015 9:19am
Short NZDJPY @ resistance. R:R-> 15:25
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  • #5
  • Sep 10, 2015 9:33am Sep 10, 2015 9:33am
Quoting RuAc
Short NZDJPY @ resistance. R:R-> 15:25 {image}
closed +15pips.
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  • #6
  • Sep 10, 2015 11:12am Sep 10, 2015 11:12am
Short NZDJPY resistance again, risking 15 for 15
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  • #7
  • Sep 10, 2015 12:16pm Sep 10, 2015 12:16pm
Quoting RuAc
Short NZDJPY resistance again, risking 15 for 15 {image}
stopped at entry
  • #8
  • Sep 10, 2015 12:37pm Sep 10, 2015 12:37pm
Long EURUSD @ support risking 15 for 15
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  • #9
  • Sep 10, 2015 12:56pm Sep 10, 2015 12:56pm
Quoting RuAc
Long EURUSD @ support risking 15 for 15 {image}
stopped at entry.
  • #10
  • Sep 10, 2015 12:57pm Sep 10, 2015 12:57pm
That's it for me today +30pips and out.
  • #11
  • Sep 11, 2015 5:03am Sep 11, 2015 5:03am
Long EURJPY and NZDUSD risking 15 for 15 on both.
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  • #12
  • Sep 11, 2015 5:27am Sep 11, 2015 5:27am
EURJPY tp+15pips
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  • #13
  • Sep 11, 2015 6:02am Sep 11, 2015 6:02am
Long NZDJPY risking 15 for 15
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  • #14
  • Sep 11, 2015 6:19am Sep 11, 2015 6:19am
Closed last two trades for +9.1 and+10.1pips. Out with +34.2pips on this Friday. Have a great weekend!
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  • #15
  • Sep 11, 2015 6:23am Sep 11, 2015 6:23am
OMG! I somehow thought today was Friday
  • #16
  • Sep 11, 2015 6:44am Sep 11, 2015 6:44am
I try to catch 5-9 pips. Good enough for me when you trade consistent.
  • #17
  • Sep 11, 2015 7:47am Sep 11, 2015 7:47am
Quoting 666
I try to catch 5-9 pips. Good enough for me when you trade consistent.
It is 666! I am most comfortable with 1:1-2 risk/reward for easier recovery.
  • #18
  • Sep 11, 2015 9:17am Sep 11, 2015 9:17am
I usually scalp and turn the position when I think I am wrong. Sometimes I also hold a position over month, usually 1-2 times per year. 1:3 is OK for me, this is some kind of soft stop I always remember.
  • #19
  • Sep 11, 2015 11:13am Sep 11, 2015 11:13am
Quoting 666
I usually scalp and turn the position when I think I am wrong. Sometimes I also hold a position over month, usually 1-2 times per year. 1:3 is OK for me, this is some kind of soft stop I always remember.
Wow...hold for a month, I am yet to reach there. Very comfortable at the moment taking the 15pips or so and gradually increasing my lots. Sometimes less exposure is better and helps manages the emotions. I use a set and forget approach at the moment. My platform will automatically move the stop to breakeven once the trade is up 8/12pips, whatever I specify. So I find it more relaxing as well as knowing that my maximum risk is 15 pips. Less is more they say.
  • #20
  • Sep 11, 2015 12:04pm Sep 11, 2015 12:04pm
Dear RuAc can You tell me is my understanding of Your system is correct?
I speak poor english so i have problem with propper understanding.
https://gyazo.com/9a2758284d2964936a116139f9598a79.png
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