M5-Two-Way-Confirmation-Strategy

On the average 1% per Day.

Target:
250.-$ per Day!

Limited Period: 4 Days a Week (1'000.-$) / 4 Weeks a Month (4'000.-$) / 10 Months a Year (40'000.-$).

See #138


Exit @ 1.4448

Profit: +30 pips

USDCAD, H4, 2011 June 14

Long @ 0.9690

Target @ 0.97840 (DR1 0.97845)

LCrudeJul11, H4, 2011 June 15

Could give indicators really a valid and reliable argument for every market situations?

Stochs says down but MACD up!

Indicators are not the answer to everything!

So much for that!

In this market situation may be it's a favor to trade the range and wait for the next bigger breakout.

GBPAUD, H1, 2011 June 15
GBPAUD, H4, 2011 June 15

Try to trade the H4 range.

Long @ 1.5217 (mS2 1.5222)

Target @ 1.54383 (DR1)

...and set a Pending Order @ 1.5187 (DS2) with the Target @ 1.5480 (1.5492 mR2)

Silver, M15, 2011 June 15

Long @ 35.00

Target @ 35.45 ( ~mR1)

Great call on silver up 45 pips already

See #146

Silver, M30, 2011 June 15

Exit @ 35.80 (DR1 35.81)

Profit: + 80 pips

By using the Multiple Time Frames and switch at M5/M30 you could stay longer in your winning trade. So went out at M30 Stochastics Top, high DI+ level and at the pivotal point DR1 35.80 just now.

Let your winning trade run by higher volatility.

Yes indeed!

See also #148, please.

25'000.-$ Demo Account
Beginning Date: 2011 June 14
Target 250.-$ a Day, (1% per Day)
Limited Period: 4 Days a Week (1'000.-$) / 4 Weeks a Month (4'000.-$) / 10 Months a Year (40'000.-$).

http://www.myfxbook.com/members/Forexcube
http://twitter.com/#!/forexcube

Equity 2011 June 15

Equity: 26.347.08$

Profit: + 1.347.08$

LCrudeJul11, M30, 2011 June 15

Long @ 95.30

AUDUSD, H4, 2011 June 16

Long @ 1.0567

Target @ 1.0668 (DR1)

See #143


USDCAD, M30, 2011 June 16

Exit @ 0.9784

Profit: +94 pips

See #145

GBPAUD, M15, 2011 June 16

Delete the Target Level.

Exit @ 1.5318

Profit: + 101 pips

NZDJPY, H4, 2011 June 16

Long @ 65.25

Target @ 65.91 (PivotD)

(If weekly would run further down, may be again one Long @ 63.60).

AUDCHF, Weekly, 2011 June 16

Long Term Trade

Long @ 0.90228

Target @ 0.9455

(Buy again at 0.8868 if market price would go more down).

pretty impressive results Do you have stop losses on your trades

I need Stop Losses sometimes. The most part I hedge the negative positions which will give me more profit.

90% of all negative positions turns back in a win when I'm trading. 5% need 2-4 weeks to come back and the rest of 5% needs a counterbalance strategy, e.g. to minimize the losses with other wins of currency pairs. So I have to earn net 250.-$ a Day (1%) deduction for loss.

How to manage the losses? that's one of the characteristical questions for my advanced level trading, not rendering wins which I could make every day.

Rough Calculation:
If I trade with hedging strategies and not with stop loss concepts I have to fill my deposits ten times more as the daily win.
The ratio "Daily Win : Deposits" is "1:10". So if I make 1'000.-$ this day I have to have deposits about 10'000.-$ only for cover all opened loosing trades. It should be added that there has to restock more money at this account, e.g. the margins, the spreads, costs of all open winning trades and so on.
This ratio is an empirical ratio of my practical trading. Every trader has his own daily ratio. It depends of his trading style, which trading strategies he use, what risk- and money management he's following, which currency pairs he traded, the volatility of the market...and so on.

Aborting Loosing Trades by the 2% Stop Loss Rule?
I don't love this 2% stop loss bullsh*t! It's something for the brokers pocket not for my personal wins. But I have to manage these open loss orders with a well-considered hedging strategy. It's another approach. I be in full cry after a real "Loss Order Management" which means also to accept the responsibility for your loosing trades a little time longer (2-4 weeks) and not to delegate responsibilty too soon to the 2% Stop Loss Rule. I have make a market analysis before I go in the market and I trust my market decisions for any time longer than this 2% Stop Loss Rule could throw out me of the market before one's time.

Why do I think so?
Because 90-95% of all 2% Stop Loss Loosing Trades could run back in their wins.

GBPJPY, H4, 2011 June 16

Long @ 129.93 (DS2 129.88)

Target @ 131.76 (DR1)

EURUSD, M5, 2011 June 16

M5 Stochastic Divergence.

Short @ 1.4158 (mS1)