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fxtrader777 · 28-08-2006, 08:38

I will provide example.

we all know that GBPUSD has average daily range at least 100 pips (holiday days excluded).

It makes fast large move than othe currency p.
Here is an example how to scalp 20 pips which has 99% success to work out.

We are waiting for London open when market begins moving we are entering the market with 1 mini lot say we are selling 10K GBPUSD. We place 20 pips buy stop order but with 3 lots let us assume that this stop was hit now we are long by 20K we again place sell stop order of 20 pips but 6 mini lots this case. Let us assume that stop is again hit but we are short now with 40K we are repeating it.
I have made backtesting have found no cases when market did not break out hit the target.
The importan is that GBPUSD should make at least daily range we are trading only after LOndon open. You have almost guaranteed 20 pips.

I hope you understnad what I am talking about. It is like well-known doubling-up method in Casino but in Casino there is zero too in Forex there is only two cases: 1 stop 2 target after london session it is highly expected that price will break out either way.
Let us go back to example
When you were in with 1 mini lot you lost 20 pips the you were in with 2 lots then 4 lots then with 8 lots let us assume that three of them were losers thus 20$ + 40$ + 80$ = 140$ now if last is profitable we are sitting on 160$ which is 20$ net.
This is almost guaranteed because in the past market did so. We need big range no matter it will be up or down we need more than 60 pips range in a day.
Of course it is risky but it is 99%.99 probable
comments?

28-08-2006, 08:38	#1
fxtrader777 level 2 Join Date: Aug 2006 Posts: 112 Downloads: 0 Uploads: 0 Rep Power: 3	99% success trade I will provide example. we all know that GBPUSD has average daily range at least 100 pips (holiday days excluded). It makes fast large move than othe currency p. Here is an example how to scalp 20 pips which has 99% success to work out. We are waiting for London open when market begins moving we are entering the market with 1 mini lot say we are selling 10K GBPUSD. We place 20 pips buy stop order but with 3 lots let us assume that this stop was hit now we are long by 20K we again place sell stop order of 20 pips but 6 mini lots this case. Let us assume that stop is again hit but we are short now with 40K we are repeating it. I have made backtesting have found no cases when market did not break out hit the target. The importan is that GBPUSD should make at least daily range we are trading only after LOndon open. You have almost guaranteed 20 pips. I hope you understnad what I am talking about. It is like well-known doubling-up method in Casino but in Casino there is zero too in Forex there is only two cases: 1 stop 2 target after london session it is highly expected that price will break out either way. Let us go back to example When you were in with 1 mini lot you lost 20 pips the you were in with 2 lots then 4 lots then with 8 lots let us assume that three of them were losers thus 20$ + 40$ + 80$ = 140$ now if last is profitable we are sitting on 160$ which is 20$ net. This is almost guaranteed because in the past market did so. We need big range no matter it will be up or down we need more than 60 pips range in a day. Of course it is risky but it is 99%.99 probable comments?