MY GOAL CONSISTENCY, pip upon pip image Spudfyre Don't worry about how long it will take you.....work towards consistency..always consistency. You have to learn how to make 10 pips a day, 20 pips a day...than add value to your pips when you know ...

Multiple time frame 24ema

ANOTHER 5% I see the awesome potentials of this method, 8 pips gives you 5% 16 pips gives you 10%, and so on. I had been waiting out 15, 30 pips trades with same level of leverage but after my October 1st burst, I'm yet to gain the confidence. ...

Multiple time frame 24ema

image Thought of the Day… by 50PipsFX "Goals help focus you on areas in both your personal and professional life that are important and meaningful, rather than being guided by what other people want you to be, do, or accomplish." - Catherine ...

Multiple time frame 24ema

THE BIG QUESTION During the ups and downs of my trades today when it seemed like I was gonna lose I had to ask myself, why did I take positions in two different pairs, what if they all hit SL? Then another question came and said the real issue is ...

Multiple time frame 24ema

BIG PICTURE On the H4 TF, I have the H8 14LWMA (28LWMA) giving trend Direction. Occasionally a M5 trade may coincide with a trend change on the H4 TF and that is what I long to catch and latch on to, like today's AUDJPY

Multiple time frame 24ema

MY SITUATION My experience so far is that on the M5 TF you can get upwards of 4 entries with at least 2 being positive. I have being in the habit of not taking any more trades once the outcome of my first trade is positive, sometimes I take another ...

Multiple time frame 24ema

GAME CHANGE I had to make a turn around from 24EMA TO 14 LWMA because I came to a realisation that most of the oscillators have 14 as their default period settings and whenever I start my MT4 my GBPUSD H4 chart comes on with 14 period EMA and out of ...

Multiple time frame 24ema

RESULTS GBPJPY -4 pips EURAUD +13 pips NET 9 pips This does not add up to 5% because the Yen pairs value per pip is higher, a loss takes more from you and the Aussie pairs value per pip is lower so a win gives you less. Had I entered the GBPJPY from ...

Multiple time frame 24ema

SCALPING ROCKS Yeah it does when you have the balls to take calculated risks. For now I'm basically scalping, shooting for gains of 8pips minimum which yeilds 5% returns, that gives 100% with 20 consecutive winners. My aim is to on any given day ...

Multiple time frame 24ema

MY PLEDGE I drew up a pledge last month and had a great run (8 winners in a row) when I followed it. On the 1st Oct I deviated from the plan and was stopped out at BE then I went ballistic and gave up 1 months profits in 1 day. As of ...

Multiple time frame 24ema

HELLO AGAIN So sorry journal I sure missed you. It's just that a lot changed over the period of 1 month. I don't trade the 24EMA any more, it's now 14LWMA but still with a multi time-frame approach. Above all I learnt the secret to PROGRESS which is ...

Multiple time frame 24ema

Many more loosing trades live is a clear indication that your psychology needs working on, I turned $237 to $3190 in 3 weeks in Demo but blew my first Live account in less than 1 week. Don't blame the broker, look within and see the mistakes you ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Please shout this on the roof tops "No one is after your puny lots, just access the risks, place your bets and hope you are on the right side of the market at this particular time" R2R said it well all our trades are gambles, the traders with the ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Here's the reason why url

Hyperbolic Yen Chamber

This market is so unpredictable somebody may have made a comment or something for price to shoot up like that. I think that USDJPY surge is being corrected. I'm so frustrated I've resulted to scalping my quick 15 pips scalp has yielded 1% for today

Hyperbolic Yen Chamber

You'd have to be a swing or position trader to hold your position that long. then again using Fibs you'd have to derive your point 0% before the 1.58 handle and your 100% at !.629 handle then the retracement level could fall in the blue box else ...

Hyperbolic Yen Chamber

SCALPEUR Here's my adaptation of SCALPEUR's set-up threw in some pivots and instead of MACD I prefer the Stochastic oscillator. The Oscillator settings are 14,3,5

Looking for a 3-10pips system

My very point! He probably stole a system or paid for a system and can't wait to mint the pips slowly and wants to milk some "Holy Grail" seeking newbies. Mr Ishtana, grow your account and you will find peace and wealth. but if you need money so ...

Market Maker Methodology – Trade when the Banks Trade