arialun
Fun Poster
- Messages
- 602
- Joined
- May 6, 2007
- Messages
- 602
- Reaction score
- 3
- Points
- 25
Ok. And how do you decide when to trade to get those 10pips with 100% success probability? What would be the S/L if 10pips = $100?
Any idea?
when i say 1 lot, it doesn't mean in a single trade.
You can have mutilpe trades where a total lot per day is 1 lot.
There are many way for you to strategise your trade.
e.g. Once your 'signal'(based on your analysis & indicator) has triggered,
a. Trade EU with 0.2 lot
b. Trade UCHF with 0.1 lot
c. Trade GU with 0.3 lot
d. trade UJ with 0.4 lot
All with dicipline TP 10pips, and SL 30-50..
Well, sometime, if you got lucky, you can get more than 10pips.
Another strategy which I've seen a lot of my friends only trade nothing else EXCEPT GU.
Based on Asian High and Low (AHAL(techniques) is to open PO buy or stop with 1 lot, with TP 10pips only, and SL 50.
and 90% it works. Whatever it is, dicipline is important.
In this strategy, you hit TP 10pips, stop trade. Continue the next day.
In bad day, you will hit SL -50, stop trade. Continue the next day. Dicipline, Consistency & MM is the way to success.
Anyway, this is my 2 cent opinion. How about u?
