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No pain no gain. I did say it is high risk & I am willing to lose it "all" on a possibility of making a huge return within 5 years. Best to all. Last trade now, if stopped out, consider account blown.

-93 pips (-£11,904) Now Long 1.3309 @ £256 per pip Reverse order 1.3216 @ £512 per pip Crunch time

-93 pips (-£5,952) Now Short 1.3216 @ £128 per pip Reverse order 1.3309 @ £256 per pip

-93 pips (-£2,976) Now Long 1.3309 @ £64 per pip Reverse order 1.3216 @ £128 per pip

The main reason is there was no repeated tag of the ranges' low, proving that it was an important level that was well bid.

-89 pips (-£1,424) Now Short 1.3216 @ £32 per pip Reverse order 1.3307 @ £64 per pip

The main thing to remember about this method is that an expectation of actual profit is increased upon each loss. Most trading systems work in opposite way - you need to be consistent. Here you need to be inconsistent to reap bigger rewards. Yes, there is risk of a blow out, but I can assure you...

-117 pips (-£468) -84 pips (-£672) Now Long 1.3307 @ £16 per pip Reverse order 1.3218 @ £32 per pip

I am referring to next oscillation on the monthly chart.

Eur/Aud basing? Holding Long, it's not a big position, will nest it out.

+522 pips (+£2,088) New range 1.3306 - 1.3226 (May 11 trading range) Now Long 1.3340 @ £4 per pip

+102.1 (+£3,063)

Quick update. Still looking good for upside, especially now that stops have been triggered. Possible huge hammer on Monthly will coincide with other indications of a turn. I am flat the pair (for now).

Now short 1.3862 @ £4 per pip Reverse trade 1.3929 @ £8 per pip

I did mention it b4, when a trader scales into a position he expects price at some point to start going in his expected direction. This method, due to the doubling strategy, is also a scale in technique, an accumulator. The difference is that instead of depending on direction, it banks on range...

Next trade will be EUR/AUD range is 1.3929 - 1.3864 (65 pips) starting with £4 per pip.

When making a decision which way to initiate a trade common methods look at either trading with a trend or countertrend. The problem with directional methods is that they neglect vested interests of the ones on the other side who may well be positioned to trade in the same direction as you are...

Check out the Daily chart. At the moment I like today's range, if it stays the way it is now (below ATR) I will be initiating another trade later on. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3132787>

Euro vs Aussie $ (not USD ;)) Here is a brief visual explanation why I like EUR/AUD & why I think I will be making further substantial gains later this year with this pair. Look at the Monthly chart. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3132784>

Hey, no problemos ;)