Volman Style (70-tick chart)

next trade. DD

EDIT: stopped out for -5 pips. -1 pip for today and done. Tomorrow will be a better day

what a boring day so far

Finally a setup that built up nicely. IRB. To the bottom of the range is still enough room. lets see.

EDIT: tp hit. +10 pips. a really nice trade. my patience through the day paid out

There are soo many people who are searching for the "holy grail", trying to find a system that generates 10 trades per day with 100% of winners. Forex isnt a "quick money game". You need to study, to practice and to train you discipline. You dont need to have 10 trades per day to make good profits. 1-2 trades are enough. (for scalpers its not hard to find 1-2 trades per day on average). Look what you can reach with 1000,- account in 1 year by taking 10 trades per week with a winning rate of only 60%. Lets say our average sl is 6 pips and tp 10 pips (based on this method). Our risk would be 3% per trade and tp ca. 5%.

100*1,05^6=134
134*0,97^4=118,63 --> 18,63% per week
118,63^4=198,05 --> 98,05% per month!!!
1000*1,9805^12=3.641.649 after 12 months!!!

Of course its just theory and it depends on trader himself. Also some would say 3% risk per trade are too much or 10 trades per week are too many, but what I just wanted to show you is, that its very possible to build up your account pretty quickly by taking only the best trades and being disciplined.

cheers

no trades for me yesterday. hope to get some opportunities today. Have a good day guys!


cheers

ARB. Nice range with higher lows. I would like to see more buildup, but with 6 equal highs it should be still enough.

EDIT: sl hit pretty quickly. waiting for the second attempt

IRB

EDIT: out with -3 pips. not a good start

Here is quite a perfekt box. with 11 equal tops and a H&S formation in it. Waiting till price builds up on the top of it. It could be a nice trade.

ARB

EDIT: SL hit again. -5 pips. Ok. Compared to the previous trade here was really no reason to not take the trade.

be very cautious today. NFP

Finally a trade today. DD or BB. both are valid I think.

EDIT: sl hit

second trade reached my tp. nice

DD

EDIT: sl hit

next trade. IRB

EDIT: my trailed SL was hit. -2 pips

RB

EDIT: tp hit

FB

EDIT: tp reached! finally 2 wins in a row again!

Sorry guys, hadnt much time last days. here ist an IRB.

EDIT: sl hit

BB setup

EDIT: tp hit. +10 pips

IRB

EDIT: closed at BE

another trade I took 1 hour ago. RB with a solid buildup. TP was hit