100pips daily [my revision]

[ferdi]

this is not my own system, you can buy it from

 

[email protected]

 

you can download from this

http://www.mediafire.com/?m1jsi23iib9b6ss

 

but i think that system is too risky, imagine if we open 3 position on USD/JPY 90.00 taking profit is 15,35 and 50 pips and stop loss is 25pips. we can make profit 100pips in several hours but we can get loss 75pips in a minute.

if price move to 90.15 and than move back to 89.75 we get loss 45pips, on the manual said loss 75pips is happen very rare but get profit 100pips is very rare too

 

I have an idea to open position on different price to reduce the risk, for example we open 3 position on different price, open position 1 is on 90.00 take profit on 90.15 and stop loss on 89.75, open position 2 is on 90.15 TP:90.50 SL:89.85, open position 3 on 90.50 TP:91.00 SL:90.25

if the condition is the same as first example, price move to 90.15 and than move back to 89.75 we only get loss 10pips because position 3 has not opened (1st trade profit 15pips, 2nd trade loss 25pips)

 

this is only my suggestion, use at your own risk. Always use stop loss.

 

Thank you

[iwjw]

this is not my own system, you can buy it from

 

 

 

you can download from this

 

 

but i think that system is too risky, imagine if we open 3 position on USD/JPY 90.00 taking profit is 15,35 and 50 pips and stop loss is 25pips. we can make profit 100pips in several hours but we can get loss 75pips in a minute.

if price move to 90.15 and than move back to 89.75 we get loss 45pips, on the manual said loss 75pips is happen very rare but get profit 100pips is very rare too

 

I have an idea to open position on different price to reduce the risk, for example we open 3 position on different price, open position 1 is on 90.00 take profit on 90.15 and stop loss on 89.75, open position 2 is on 90.15 TP:90.50 SL:89.85, open position 3 on 90.50 TP:91.00 SL:90.25

if the condition is the same as first example, price move to 90.15 and than move back to 89.75 we only get loss 10pips because position 3 has not opened (1st trade profit 15pips, 2nd trade loss 25pips)

 

this is only my suggestion, use at your own risk. Always use stop loss.

 

Thank you

 

Why not keep the first trade going and set Sl to entry-10 pips once 15pips profit is reached

Buy at 90...price reaches 90.15 -> SL=89.90

[ferdi]

Why not keep the first trade going and set Sl to entry-10 pips once 15pips profit is reached

Buy at 90...price reaches 90.15 -> SL=89.90

 

yes you can do it, that's only an example. use SL and TP by your own money management rule

[Freddie]

There are lots of these breakout/multi trade ideas around. The big problem is price popping out to trigger the trade then reversing to your stoploss.

 

When t comes down to it, it is a gamble and we need to see how frequently it wins against how often it loses.

 

I have found that time of day has a big effect. I'm looking at 6-6.30; 10-10:30; NY open and an overnight (for me) Asian run.

[junglist00]

this is not my own system, you can buy it from

 

 

 

you can download from this

 

 

..., on the manual said loss 75pips is happen very rare but get profit 100pips is very rare too

 

I have an idea to open position on different price to reduce the risk, for example we open 3 position on different price, open position 1 is on 90.00 take profit on 90.15 and stop loss on 89.75, open position 2 is on 90.15 TP:90.50 SL:89.85, open position 3 on 90.50 TP:91.00 SL:90.25

if the condition is the same as first example, price move to 90.15 and than move back to 89.75 we only get loss 10pips because position 3 has not opened (1st trade profit 15pips, 2nd trade loss 25pips)

 

this is only my suggestion, use at your own risk. Always use stop loss.

 

Thank you

 

I haven't had a chance to look at this system , however from your example price does not have to move 100 pips ... only 50 ... because there are 3 positions open you get 100 pips (15+35+50) ... stop loss of 25 (25+25+25) ... so lets say 2:1 TP 50 / SL 25 ... the question is how accurate are the entries ? ... guess i can review system to answer that. usd/jpy is not a very volatile pair most of the time.