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stop lying to people dude, how would you know when its a top or a bottom so you can get out at the exact right time, i'm amazed how you can lie like that ..
I'm using Heiken ashi along with the Schaff trend cycle and MAC-D histogram indicator and it works really well on Xau/Usd (gold/usd).
Shit trade
you're an idiot. just because you trade that way, doesnt mean everyone should
@xbdgvcm
I used to struggle too, but now I'm making 400 pips a week easy. You just need a better system. This one will turn things around. Watch this video => bit.ly/LEX1Uu?=kgepbl
I have a question, have you considered the Thaintorm Forex System? (look for it on google). My friend says it helps people gain plenty of pips.
is it still working on sideway trend?
Good point, I will take that into consideration. The only problem is you will more than likely end up loosing in the market if you take profits consistently for less than what you are risking. I am not so sure this entry method will provide 98% win ratio which is what you will need if you take less profit for the amount you risk. I do use a scalping method that has a high win ratio and comes out ahead but this strategy was not designed that way so not sure how that would workout.. will test ty.
30 min
Hi, Traded on the 30 minute chart.
what chart period is this, 30m, 1hr or other?
@prodigee411 odds of getting 3 to 1 is low too. You lower your contract size to fit your risk tolerence levels to take advantage of these profitable moves.
60 pip stop losses..target is 120...you might as well give your money away. maximum pip loss for most traders should be 10-20 and risk/reward should at least be 3:1.
Yes you could use fib to get your profit targets. I typically with this method just double my risk and use that as profit target. The moving average you see here is customized but a 25 period moving average works well too.
is it possible to set fib to set profit target? also, is it a 20 or 30 moving average that you have on your chart? thanks a bunch!