Every day coming new and new people. So I must to explain our Strategy from zero.
This strategy I do call "Do not loose no one". Lot Strategy's have like 3 good 2 bed trades, with very big Stop Lose. I have different view on this point. It means I can wait day or two for good trade with 20 pip lose. Why? Because when you loosing every one pip is very important. If you have small account you must to trade like you have million dollars. Because this habit what you'll put in you mined will be key of success in your future trading. If you trading right way you can not make quick money. Quick money can make just gambler. But how many times can win gamble... 2,3 no more. Later he loosing. And he goes back. He wins and later loosing. Most important thing in FOREX is discipline. Discipline at first is boring. It means no fun in FOREX. I moved from public Blog to Subsection Web, just for one reason,- to put people on right track. My old Blog was very funny. Everybody where more relaxing and doing everything old way in old pace. Why? If you do not moving forward every week with your balance, it's something wrong. Later when you'll have lot money and you'll put big amount of money in you'll understand how good is to have good habits.
If you making 5 pips per week from $100 it means you'll double your account in 3 month. Now question: How many times you need to double 5.000 dollars to make one million dollars. Answer is 8 times.
So I waiting and waiting for some couple days for good Entry with accuracy 7 pip. I do not see other way to make million dollars. If I loosing 25 pips it means something wrong with my mined or market went wrong.
Later big est mistake people doing when they do close all trade and do not let it go like 1/2 or 1/4 of trade. And every week I do show how we making hundreds pips on this Strategy. But I hear some complains. I did not take lose and now I'm -50 pips. "Or sorry I did take all my trade for 40 pips of profit, and now it's hard to hear when talking take 250 pips of profit.
If you are new first thing I'll teach you:
1. FOREX is not regular Job, it's not office job it's life time job. It has different pace of rhythm to get success.
2. Good trade with perfect Entry in thees market conditions you can get just 2-3 times per week.
3. Always invest in Stops. It means when you took 1/4 of profit for 45 pips you can put your stops for 15 pips, and if market goes against you 15 pips from Entry, you do not loosing no one pip.
4.We using lowest level of Stops, but when market moved follow our direction do not close 1/2 or 1/4 of trade for 3 days.
5. Now it's not time to talk how I do draw good Entry, because lot people don't understand how to use thees good Entries to make money.