aliassmith wrote:Injured my back Friday so I may as well sit here and post some content.
I went back to the beginning of the year on this GBP/USD chart I have
been posting.
There were 10 straight forward trades,up until now
(at least from my perspective)
On this chart there are 5 trades and there is a 6th one that
didn't make the pic. Previously I posted 4 other trades.
The first trade in this pic is a PINBAR long trade
The second trade is a failed zline short
The third trade is a zline short
It wasn't text book but they aren't always
The forth trade was a zline long
It also wasn't text book
The fifth trade is zline as resistance short
out of 10 trades this year 8 hit 2R for targets
1 trade was a loss for 1R or less
1 trade was a gain for about 1R
Without anything fancy you would be up about 16R with 1 pair in 6 months.
I used a PINBAR, Zline, Failed Zline, along with looking at Market Structure, and there are some SEMA confluence
I took a little time to see how many pips would have been made over the six months with the simple
management and every pip is worth the same amount. Total was 1900+
1900 pips at 10 cents is $190 plus some experience and better than losing 5% a week.
1900 pips at $1 is $1900
1900 pips at $10 (1 lot) $19,000
If you are looking at 10+ pairs you may have doubled this or better.
with creativity and some luck an account could be doubled, your mind is the only limitation.
I remember a time when I thought 12% a year was crazy.
I may be able to teach a monkey to make that.
I read/watch about a woman that was making 30% to 40% a year and people were
basically dumping millions in her lap for her to trade. If you can make that or
more you are a superstar trader.