99% success trade

[Frank_Fibonacci]

Originally Posted by Atomised

Ok sorry but i think i'm missing something here....what dictates which direction u trade the market ?

That is an excellent question. Another question would be why do you double-up in the opposite direction of your previous trade? Since most of the time the market is ranging, i.e. going sideways, its seems more logical for instance if you went short on GBPUSD then stopped out at 20 pips above, then you short again with 2x lots and 20 pip SL, if stopped again short AGAIN with 4x lots and 20 pip SL, etc. If you trading off the normal daily range (not news trading) then your trades should reflect that the price will bounce back and forth between support and resistance until something happens that give the market a reason to move.

[ampris2000]

it seems you'd be better off placing limit orders at the breakpoints.

[fxtrader777]

Originally Posted by Frank_Fibonacci

That is an excellent question. Another question would be why do you double-up in the opposite direction of your previous trade? Since most of the time the market is ranging, i.e. going sideways, its seems more logical for instance if you went short on GBPUSD then stopped out at 20 pips above, then you short again with 2x lots and 20 pip SL, if stopped again short AGAIN with 4x lots and 20 pip SL, etc. If you trading off the normal daily range (not news trading) then your trades should reflect that the price will bounce back and forth between support and resistance until something happens that give the market a reason to move.

I double-up to stay profitable when winning trade occurs.
We need to choose specific time to trade, when market is moving hard. May be it is good NFP release? or FOMC or any influental news. Look at NFP price makes huge range, so with this system no matter what direction price chooses, you need only huge range.

[fxtrader777]

Originally Posted by Atomised

Ok sorry but i think i'm missing something here....what dictates which direction u trade the market ? Like is it if it breaks up out of the Asian range u go long and vice versa ? Maybe if u could give some examples with prices, even if they are hypothical trades. Would just make the whole thing a bit easier for me to understand, now if u included charts that'd be an added bonus !!

It does not matter what direction price goes, it is inevitable price goes to either direction but fast and make at least 20-30 pips move.
May be this strategy will be good to trade on news? What do you think huh?

try NFP release price always makes huge range, so only this is required for this strategy, But here is broker's problem, if we place orders will they be executed in crazy NFP time?

[Frank_Fibonacci]

I think its not a smart strategy to trade on news. Its a guarantee to clean out your account. You will be whipsawed to death.

[Atomised]

Sorry Fx but this is another one of your strategy's that i'll be passing on !! Wondering how many more of these strategys u have lurking in the depths of your mind ?

[lamode]

This kind of money management is called martingale, it doesn't matter how often you right and how often you wrong because you will cover up on next winner trade, but the only matter is you need high leverage or large amount of capital and don't get consecutive losses in a row.

[el_duende]

This will work providing you have a huge huge amount of capital in your account to cover potential losses before you get the win.

In casinos the way of stopping this method of betting is by having a zero on roulette and/or by having table limits, but in forex I do not know of any limits. Possible limit? Could you have 64 trades open at the same time with a broker and get them all processed in time or 128 trades open, 256 etc?

Just for example we start a mini trade that costs $500 say using this method we can see how much money it will cost if there is a large drop in pips say due to terrorism.

eg if you are -100 pips in a trade you are now already spending $16000 for a 20 pip profit (This 20 pip profit will only be around $1/pip) spending $16,000 for a $20 profit!

1 - $500 0
2 - $1000 -20
4 - $2000 -40
8 - $4000 -60
16 - $8000 -80
32 - $16000 -100
64 - $32000 -120
128 - $64000 -140
256 - $128000 -160