The Weekly Crash Zone
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Since this thread is about targets I might as well add the ultimate target: ADDING ZEROS TO THE END OF YOUR ACCOUNT (by year end)!
8 to 1 leverage: (25p = 2%)
+0: 21.2%c = 265 pips per month (1k - 10k) While sleeping...
+00: 46.8%c = 585 pips per month (1k - 100k) Not impossible.
Quitting your job:
Step 1: save 10% of your gross earnings and add a zero to it in the markets duplicating your income.
Step 1b: If you happen to add two zeros then skip step 2.
Step 2: After you replace your income you only need 6%c or 75 pips per month (es/pip stop laughing in the background) to maintain your standard of living.
Step 3: With 2x gross income in your account withdraw half and go to Step 2 (don't spend Uncle Sam's Money!).
That was easy wasn't it
8 to 1 leverage: (25p = 2%)
+0: 21.2%c = 265 pips per month (1k - 10k) While sleeping...
+00: 46.8%c = 585 pips per month (1k - 100k) Not impossible.
Quitting your job:
Step 1: save 10% of your gross earnings and add a zero to it in the markets duplicating your income.
Step 1b: If you happen to add two zeros then skip step 2.
Step 2: After you replace your income you only need 6%c or 75 pips per month (es/pip stop laughing in the background) to maintain your standard of living.
Step 3: With 2x gross income in your account withdraw half and go to Step 2 (don't spend Uncle Sam's Money!).
That was easy wasn't it
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prochargedmopar
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I'm learning about the deeper fib retraces to 79% and setting your profit target at 127% ext.
This appears to be very close to what the forexmentor's group SEE's also.
Nice explanation you have here.
This appears to be very close to what the forexmentor's group SEE's also.
Nice explanation you have here.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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aliassmith
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"A non-momentum candle will nearly always make it to target 1.
And a momentum candle will nearly always make it to target 2. "
MightyOne,
How do you handle the above information?
By making a decision if it is non-momo or momo or by taking profits
at T1 and then close the remaining at T2?
And a momentum candle will nearly always make it to target 2. "
MightyOne,
How do you handle the above information?
By making a decision if it is non-momo or momo or by taking profits
at T1 and then close the remaining at T2?
Trade Your Way as Long as It Makes Money!
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TheRumpledOne
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TheRumpledOne
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aliassmith wrote:"A non-momentum candle will nearly always make it to target 1.
And a momentum candle will nearly always make it to target 2. "
MightyOne,
How do you handle the above information?
By making a decision if it is non-momo or momo or by taking profits
at T1 and then close the remaining at T2?
At the very least you should trade to target one since it is almost certain that price will go there.
If you take a RAT TRADE off of the daily low and inside of target one then you would be shooting for target 2 (keeping your eyes peeled for a reversal setup).
When you find yourself inside of target 2 you are probably sitting at the largest gain that you are going to get.
Should I Hold'em or should I Fold'em?
It is a tool to help you decide.
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poltergeist
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