Check out my new VIDEOS PAGE - I will now be posting live scalps in real time to show how its done.
Below are just some of my trade records. If you apply yourself to using my system and my charts together you can also expect results like the ones below.
TRADES
060410
060210
052810
052710
052410
051810
051410
051310
051010
050410
041910
041610
041510
041410
033010
030810
030310
022510
022410
022310
022210-B
022210-A
021810
021610
021210
021110
021010
012010
122309
122209
120809
Most of the trades displayed above but not all were all performed on a Live Micro Account. Since I love to trade and am addicted to it not all my trades are live, some are on Demo, however, I treat my Micro Account as a Practice Account. I prefer practicing with a Micro so if I lose a trade I lose real money, just not big money. I find that I practice better with Real Money since I don't want to lose Real Money. Many people that use Demo Accounts to practice with do not learn properly since they don't feel the sting when they lose Real Money and therefore never learn from their mistakes. The sting you feel when you lose real money can be very painful even if it is small money. I guess it is kind of like Shock Treatment. I now understand why shock treatment is used to help people quit smoking and other bad habits. Demo Traders also tend to over leverage their trades by trading too many lots which is something they probably could not afford to do with a real account and end up getting a false sense of what their profit potential could be. Since the trades listed above were performed on a Micro Account the dollar amounts may seem so small their ridiculous but you need to look only at the Pip Count. There is nothing silly about 60 Pips and there is certainly nothing silly about 600 Pips. Technically if a trader manages to gleam 20 - 30 Pips per day, every day, inevitably they will become extraordinarily wealthy. Depending on the type of account you open and the lot sizes you trade a Pip can be anywhere between .10 (Ten Cents) - $1,000.00 per Pip. With a modest account an average trader should earn between $10.00 - $20.00 per Pip. So if you do the math you will see that if you can manage to gleam 20 - 40 Pips per day at a Pip Rate of $10.00 - $20.00 per pip then you will average $200.00 - $800.00 per day without working hard at all. In fact, 20 - 40 Pip moves are the most common and easy to spot. These moves usually gleam more than 20 - 40 pips and usually do it within a few minutes so you may not even spend more than an hour or two per day trading.
When viewing the trades above you will see that I gleam much more than 20 - 40 Pips a day. In fact, I make 20 - 40 Pip trades repeatedly over and over again and most of my trades average between 30 - 60 Pips. My losses are very small and very seldom. I must admit I do over trade a bit too much. You don't need to trade as much as me but you can if you want. All you need to do is focus on gleaming 20 - 40 Pips per day. Maybe get yourself into two very small 20 Pip Swing Trades. They are taking place over and over and over again. Maybe gleam a 20 Pip move just as London Session begins and gleam another 20 Pip move at the beginning of the New York Session or when the Stock Market opens since the Stock Market does have a significant impact on currency rates. Most likely your 40 Pip daily goal will be met within a few minutes, or maybe an hour if you position yourself properly at the beginning of the London Session. So when looking over my trades just think to yourself 20 - 40 Pips a day. That's all you need and it will make you very, very rich. 60 Pips a day trading 2.5% Margin of your total account size will more than double your account every month. I know traders that drive Ferrari's, go on Cruises all the time and live in Big Fancy Homes and they do it on just 40 Pips a day. They aren't even great traders, they just know how to identify and get into a quick 40 Pip move, then they go back to sleep so they can get up early the next morning to cruise on their boats or play golf. Their Trading skills have not improved much, they make their 40 Pips and they are done for the day, however, over the years their Forex Accounts have grown so huge that the Lot sizes they trade earn them around $400.00 per Pip. Imagine gleaming 40 Pips per day @ $400.00 per Pip. You would be earning $16,000.00 per day. So even if you made a quick 20 Pips in just a few minutes and called it a day you still earned $8,000.00 for a quick move that lasted 15 Minutes.
LINKS:
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