Forexmospherian
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Hi All
I have only joined T2W during this last month and have decided to show traders that you can be a day trader and make money every day.
If you check out my profile - I have been forex trading for 11 years and have been full time for approx 6 years and during that time have taken over 12,000 live money trades with over 7000 trades with stops as low as 5 pips.
I plan to make LIVE intraday calls most days when I am not having time off and in a normal full trading day starting from pre European Open to London close - should make 10 -20 trade calls - all with stops between 3 and 7 pips - ( average 5 pips) with normal targets of 7 to 25+ pips.
I will be incorporating advanced money management - with so called "free trades" and with then stops already in profit ( so that you cannot lose - what ever happens) and will be using linear regression / time windows / Trendlines / S & R's etc to assist me chase trades with RR's as high as 10 all within an hour or less.
Yes I am an expert scalper - but with an open mind - so if I can leave a free trade on for 100 or 500 or even 1000 pip - I will do - as long as its still "money and time efficient"
My average trade wins are in the 10 -30 pip window - generally under 30 mins in duration and with RR's of 2 to 6.
I do have losing trades - and with my extensive trading history can tell you that in terms of batches of 100 trades - I have a win ratio as high as 87% and my worst win ratio of only 62% - so average of 70 -75 % is fair.
I have seen many "black swan " events and have had 7 bad trades in a row - but similar had 24 win trades also in a row. Normally I will have 1 - 3 bad trades a day along with 10 - 15 good winning trades.
My normal stake are between 0.5 and 1% of my capital - and that can be up to $70k - so 2 - 9 full lots are the norm - all depending on the day and the trade - and of course how much I am already up - ie if I am up say $2k dollars by US session I don't mind 6+ lot trades as a quick loss of under $500 is acceptable.
However if its 2 hrs to London close and I am only up say $700 - no way will I be doing 9 lot trades - instead - 1 -3 lots - ie safe and risk averse - but still with average 5 pip stops.
In fact if a trade cannot work with a stop under 7 pips maximum - i will not take it and wait for another. Generally I can take 1 to 3 trades an hour - but some hours - I might not take any - or instead will already be in a successful "free trade".
I will come up with some codes to follow - and because I trade in real time and am not a fortune teller or guesser - and only work with high probabilities - I can only post trades a few minutes before entry - max 15 mins - normally 1- 5 min prior
I don't like any trade going into a losing trade - and my stops are not "hard" - but all on one click in and out with every trade watched - until it goes free. Therefore if it is not working within a couple of minutes - I will pull - with either just 1 or 2 pip win or even a 1 pip loss - rather than waiting for a 5 pip loss
Remember the forex market is dynamic - and flows like water - keep flexible - adjust and understand that a trade of 20 pips with a 5 pips stop - ie RR of 4 - is a far better - more efficient and more profitable than a 50 pip stop and a win of 150 pips - ie RR of only 3 and takes hrs or days - instead of under 30 mins.
Its going to be difficult to educate many of you traders - as you have been taught all the wrong things from commercial trading - which is totally different to retail trading.
Maybe after a week or month - you will start to see what i mean - but meanwhile - enjoy what you witness - and feel free to join in and post - but I only advise followers to take my trades - as everybody else - I just don't know how good you are until you have posted at least 20 -30 trades - and then I might want to endorse you and welcome you to contribute as you want.
PS - no I have not written any books - or sell DVD's or courses etc etc. I am just a trader who can make great money trading - but don't mind sharing some of my ways to guys who have open minds and realise this is just one big game - and too win continually at it - you will need to devote loads of time, study. energy etc etc and also have great eyesight and a great brain - that are connected ;-))
Have a great November trading month - I will ;-)
Regards
Forexmospherian
I have only joined T2W during this last month and have decided to show traders that you can be a day trader and make money every day.
If you check out my profile - I have been forex trading for 11 years and have been full time for approx 6 years and during that time have taken over 12,000 live money trades with over 7000 trades with stops as low as 5 pips.
I plan to make LIVE intraday calls most days when I am not having time off and in a normal full trading day starting from pre European Open to London close - should make 10 -20 trade calls - all with stops between 3 and 7 pips - ( average 5 pips) with normal targets of 7 to 25+ pips.
I will be incorporating advanced money management - with so called "free trades" and with then stops already in profit ( so that you cannot lose - what ever happens) and will be using linear regression / time windows / Trendlines / S & R's etc to assist me chase trades with RR's as high as 10 all within an hour or less.
Yes I am an expert scalper - but with an open mind - so if I can leave a free trade on for 100 or 500 or even 1000 pip - I will do - as long as its still "money and time efficient"
My average trade wins are in the 10 -30 pip window - generally under 30 mins in duration and with RR's of 2 to 6.
I do have losing trades - and with my extensive trading history can tell you that in terms of batches of 100 trades - I have a win ratio as high as 87% and my worst win ratio of only 62% - so average of 70 -75 % is fair.
I have seen many "black swan " events and have had 7 bad trades in a row - but similar had 24 win trades also in a row. Normally I will have 1 - 3 bad trades a day along with 10 - 15 good winning trades.
My normal stake are between 0.5 and 1% of my capital - and that can be up to $70k - so 2 - 9 full lots are the norm - all depending on the day and the trade - and of course how much I am already up - ie if I am up say $2k dollars by US session I don't mind 6+ lot trades as a quick loss of under $500 is acceptable.
However if its 2 hrs to London close and I am only up say $700 - no way will I be doing 9 lot trades - instead - 1 -3 lots - ie safe and risk averse - but still with average 5 pip stops.
In fact if a trade cannot work with a stop under 7 pips maximum - i will not take it and wait for another. Generally I can take 1 to 3 trades an hour - but some hours - I might not take any - or instead will already be in a successful "free trade".
I will come up with some codes to follow - and because I trade in real time and am not a fortune teller or guesser - and only work with high probabilities - I can only post trades a few minutes before entry - max 15 mins - normally 1- 5 min prior
I don't like any trade going into a losing trade - and my stops are not "hard" - but all on one click in and out with every trade watched - until it goes free. Therefore if it is not working within a couple of minutes - I will pull - with either just 1 or 2 pip win or even a 1 pip loss - rather than waiting for a 5 pip loss
Remember the forex market is dynamic - and flows like water - keep flexible - adjust and understand that a trade of 20 pips with a 5 pips stop - ie RR of 4 - is a far better - more efficient and more profitable than a 50 pip stop and a win of 150 pips - ie RR of only 3 and takes hrs or days - instead of under 30 mins.
Its going to be difficult to educate many of you traders - as you have been taught all the wrong things from commercial trading - which is totally different to retail trading.
Maybe after a week or month - you will start to see what i mean - but meanwhile - enjoy what you witness - and feel free to join in and post - but I only advise followers to take my trades - as everybody else - I just don't know how good you are until you have posted at least 20 -30 trades - and then I might want to endorse you and welcome you to contribute as you want.
PS - no I have not written any books - or sell DVD's or courses etc etc. I am just a trader who can make great money trading - but don't mind sharing some of my ways to guys who have open minds and realise this is just one big game - and too win continually at it - you will need to devote loads of time, study. energy etc etc and also have great eyesight and a great brain - that are connected ;-))
Have a great November trading month - I will ;-)
Regards
Forexmospherian