S.A.Hasib D1 trading strategy

Few of you request me for the Video Tutorial of my strategy. This is my first video so I don't know how much I deliver if you have question let me know.

you all did not tell me how was the video. is it helpful. Please let me know.

There are two main reasons why most traders hold on to losing trades. And these reasons are connected.

1. Fear which is caused by uncertainty.
2. Uncertainty which is caused by lack of accuracy.

Ask yourself the question why most traders use very wide stops or in many cases no stops at all?

Most traders do not have the skills (or the technique) to identify accurately the levels of support and resistance. For the most part they fire random shots in the dark. And because they realize this lack of accuracy, they use huge stops. (To give more room for the trade to "work")
On the other side, the professional traders use very tight stops. Why? Because they have better skills. They can identify the potential support and resistance levels with high accuracy.

Think about that! Let's say you see good technical level with high probability for support. Let say 50. This means, that if the price hits this level, there is a high probability that other traders will buy and price will bounce up. But there is no guarantee!

When the price hits 50 you quickly open long position.
Now you are waiting for these other big traders to buy.

However, if there are no buyers at this level how long you are going to wait before you close the position? Also, how many points you are willing to give?

If you are long at 50, and 2 minutes later the price is at 48 what are you going to do?
Another 2 minutes later, the price is now at 45! What now?

Do you remember? The original idea was, that the other traders will buy at 50! But now it seems they think otherwise. The solution to this problem?
Cut the loss and MOVE ON!

Now many people will say, but there is still chance for the market to turn around.
5 pips stop? This is way to small.......I say B.S.! Excuses, excuses, and more excuses!
Cut the loss and MOVE ON!

The next good opportunity is just around the corner, and you are still attached to this losing position?
Cut the loss and MOVE ON!

If you buy and the trade is not in positive teritory withing a few minutes - GET OUT!

This is why I believe that scalping should be the primary method for most small traders. Because ALL good positions begin as a scalp! Even if you are trading longer term.

You identify the setup, wait for the price to hit your level, and then open the trade with maximum hard stop 5-15 pips depending on the volatility.

If the position is not in the green withing a few minutes - you get out!
If the position shows profit - you have options!
You can take profit.
You can move your stop.
You can add to the position.
You can take partial profit, and hold on to the other part.

All positions start with tight stop, and some of them have the potential to develop into huge winners.
You have small limited downside risk, and huge unlimited upside potential.
But in order for all this to work you need accuracy!
And the only trading style where such accuracy can be achieved is scalping.

This is the path to consistent profitability!

(Collected form FF)

Hasib...!! You are awesome, now is more clear, thanks for the video, Im running to the job now, but Im waiting for sunday to read the thread again and digest the video.

Have a nice day.

God Bless You.

George.

God Bless you Too George.

[quote= This is the path to consistent profitability! (Collected form FF)[/quote]

There is no only True path in forex Trading. Learn all things but only apply That work for you. Learn and develop rues to make money consistently.

Best of luck all

You need to stick to the method for AT LEAST six months to really give it a chance to work in your favor, any less than that and you won’t be giving it a fair shot. I have found that most people have a hard time doing this however, they tend to give up after a couple losing trades and start looking for other methods and approaches and just generally waffle and become undisciplined.
Understand that trading involves both winners and losers, and you will never make money if you aren’t at least disciplined enough to stick with a method for six months or more.

Gbpusd in NO trade area.

Gbpusd Daily Chart Moving average Direction

usd Jpy Sell Trade

USD JPY triangle breakout trading Lets see what happen.

Usd Jpy trade going against me

Understanding market structure give you competitive edge. If you understand market structure you will know what to do now. Are trade now and not.

how you scalpe for nice profit when you don't fiend good swing trade

little long video I hope it will be helpful.

Today I have scalpe for quick profit. I have done for this session. In US session if I get good setup I will trade again.