If you lost money trading in 2016 here is my xmas gift to you

[Buy1Sell2]

Reader please beware----The OP has shown you no proof that this works. Please proceed with caution.

 

[Overnight]

...I have specifically said that most people will fail no matter what the strategy used is and I have outlined why this is. This strategy IS totally unproven to anyone else, that's what 90%+ just don't get about trading...

The more and more that people believe in a thing, the more true that thing becomes, since they tend to believe in it as a people.

STOP SAYING THAT MOST PEOPLE WILL FAIL. Period. Rehash the same idea over and over and it becomes reality.

 

[propwarrior]

The more and more that people believe in a thing, the more true that thing becomes, since they tend to believe in it as a people.

STOP SAYING THAT MOST PEOPLE WILL FAIL. Period. Rehash the same idea over and over and it becomes reality.

Most people will fail. That is fact. Understanding why and what to do about it should be the focus. That's the way I treat challenges, why is it a problem and what am I going to do about it.

 

[Bobby Jay]

If you lost money trading last year, my gift to you is to partake in the ongoing contests Profiforex has organized. Just so you know, Profiforex is running a demo contest with a $4000 prize Fund which is enough for you to recover from your losses!

 

[propwarrior]

Live example. Daily chart of EURGBP cross. Long 8673 Stop 8631 1st target 8760 2nd target 8850. Personally I will look to close position fully at 1st target which is a straight 2.07:1 RR. You have to remember that even at a 50% strike rate averaging 2:1 RR you will be insanely profitable.

 

[kent]

Thanks for the live chart.

1) Can you explain why you took that trade? What is your reasoning for that trade?

2) How you decided the stop level?

3) When you say triggered, the blue line before the entry, what that line signifies or you trying to explain? (resistance break)?

 

[propwarrior]

and stopped out on that EURGBP trade. I will post some more live examples. Remember at 2:1 RR and above I only need a strike rate of 40% to show a good profit, 50% strike rate to be insanely profitable.

 

[propwarrior]

same trade long EURGBP from 0.8668 target 0.8768 stop 0.8618. straight 2:1 RR. One of the hardest skills you have to learn as a trader is not revenge trading. If you re-enter a trade (as i am doing now) that previously failed you need to make sure it is a genuine opportunity and you are not simply revenge trading. GL

 

[propwarrior]

and stopped again. i will post up some more trades. Will be leaving EURGBP alone now, clearly it wants to go lower.

 

[JSSPMK]

GBPUSD is the hot cake right now.