Subject: How To Make 20 Pips a Day, Stress Free
Hi Folks.
I hope everyone had an enjoyable Christmas break. We have a couple of days left before the New Year gets rolling and it is time to get back to some serious trading.
To that end I want to speak to those of you who have limited time to trade, are natural born scalpers, and/or who have learned to set reasonable daily goals (20 pips or thereabouts) and are looking for as stress-free a way as possible to reach those goals.
A couple of month back I was talking to the guys in the trade room and we were discussing the importance of various lines of support and resistance (above and beyond what you get from FiboPiv).
That started me on a quest to put together as comprehensive a list as I could gather on the lines that make a difference in your trading. Some you know about (FiboPiv, the Big Round Numbers) and some you probably never gave a moment of thought to.
I took the list and began using it in my daily trading, and ended up seeing something remarkable:
If my indicator setups gave me a trade signal, but I needed to break through one of those lines to get into profit, 8 times out of 10 price moved in the opposite direction of my signal.
How many times has this happened to you?
You are using 1, 2 or even 3 indicators, and all systems are go so you take the trade, only to watch price fall away from your position at breakneck speed?
Once I started stepping back from those trades and waiting for price to break through the line, I found I was no longer digging myself into some early holes and was hitting my 20 pip daily goal consistently in just a couple of trades.
I put a video up if you want to see what I’m talking about. I shot it earlier this morning (Dec. 27th) and it only took me about 40 minutes to snag three winners in a row and make my 20 pips.
And today was a slow grind from 9 to 10 a.m.
The video is at www.simple4xsystem.net/fxsa.html and is about midway down the page.
If you want to learn about all these lines (there are 44 of them in total) and join me for a week of stress free trading (although we will still lose an occasional trade, just nowhere near as many as we used to) you can sign up using the button at the bottom of that page.
After playing around with this for a couple of months and tweaking it to fit my style of trading, I have dumped every signal-sending indicator I had on m charts and now simply trade in between these lines. Mot trade are worth about 8-12 pips each, so I can get my daily 20 pips rather quickly.
And the best part of the entire thing is now when I see price start running away at breakneck speed, it’s running in my direction. So instead of sitting in a trade upside down for 45 minutes praying my stop loss stays safe and waiting to get back to break even, most of my trades now last 5-10 minutes and seem to be spending the vast majority of the time in profit before hitting my target.
So if you want to experience what it is like to be in mostly winning trades for short periods of time and to consistently hit your take profit targets, jump over to www.simple4xsystem.net/fxsa.html and watch the brief video I have posted there. Then click the button at the bottom of the page and let’s get you started on making 2017 your most profitable (and stress free) trading year ever.
Jeff