I need only Big PIPS

You might frequently win small pips ( 5,8,10,13 pips) when you are
trading some pairs. I don't like to have such small pips. They are
'peanuts" and make me suffer. As I expained many times there are
some good free strategies out there to choose. It's you to familiarize
with some of them in your trading.

The above statement may sound stupid for all of you, but to me 'not at all"
because Iam a passive trader but with active money. I could not imagine
how someone to sitting still in front of their desktop just for 8, 12, 0r 14
pips. It's a terrible way of making money in forex trading. I'd better put two
trades per day and get 200pips rather than win 10 tradings but only maing
100 pips. The more you trades teh more you loose.

What's the strategy I use ?
Lets look at your directory, you might have this one :

In order to create a trend line, it is necessary to locate the two
points to create the trend line. In this example we will be talking
about a demand trend line (uptrend). An uptrend is created when
demand exceeds supply; this is where the name demand line is derived
from.When choosing the points to create a demand line we are focusing
on points of support. True points of support are only those which
low has two candles to the left of it and two candles to the right of
it which lows do not exceed the low you are using. See the examples
below for reference of true support points.




In the chart above, I have marked the two points that will be used to
create the demand line, remember only two points are used to create
our trend lines. Notice how I refer to the most recent point of support
on the chart as the 1st point, remember we trade the most dynamic
market in the world, right to left is the key. To find the second point
of the demand line we look for the very next point of support that has
two candles to the left and two to the right that do not exceed the low
of the support point.



Once we have created of trend line, our next step is to use this trend line to
create a downside price projection once the market opens a candle on the
four hour chart below the demand line. Note I only say once the market
opens a candle, mentioned nothing about close because only the open of
a candle is necessary to create the price projection. The price projection
is created this way; you take the highest high created above the demand
line and mark it with a vertical line. As pictured in the example below:




Next you need to take a horizontal line and mark the point where the
vertical line coming from the highest high recorded above the trend line
intersect with the trend line. What seems complicated at first will be
much easier observed and understood in the example below




Note the two values listed on the chart. In the next step we take the
difference between the highest high recorded above the demand line
and the point where the demand line is intersected by the vertical line.

Highest High 1.9146
-
Point of intersection 1.8960
0.0186

We get a difference of 186 pips. This number becomes our price
projection. The final step in the process is the point of application
of the price projection. The price projection will be 186 pips to the
downside once a four hour candle has opened below the demand line.
It is key to become accustomed to this technique because price usually
reacts quickly to the downside once a candle has opened beneath the
demand line. Valuable pips will be lost if the trader does not react
quickly in many cases.



The price projection is made at the open of the first candle to open
below the demand line. For visual reasons above the candle has closed
also, but the price projection should be projected immediately following
the open of the candle. Remember, we don’t need the candle to open
and close below the demand line in order to make our price projection,
only the open is needed. Above in the example, we have an open value
of the first candle below the demand line at 1.9010. From this value we
will subtract the 186 pip difference we got from step 2.

Open below demand line 1.9010 -
Difference from Step #2 0.0186
1.8824

1.8824 becomes our price projection to the downside from the open
of 1.9010. This is a 186 pip potential trade.




Notice the price projection marked at the bottom of the page. The
line was place 186 pips below the open of the first candle below the
demand line. Let’s see the trade just one candle after entry




Note the rapid decline in the value of the currency once it breaks the demand
line. Let’s see if it reaches the full price projection




Notice how price fulfilled the 186 pip price projection. What may seem at
first to be a complicated task, once reviewed and practiced by traders
becomes a very easy and profitable way to trade. Trend line projections
give the trader the best overall view of where the market will be going. In
the above examples we have discussed demand lines and the downside
price projections once the demand line is broken. In the next section we
will discuss supply lines and the upside projections that are created from
supply line breaks. The same technique is used in both instances except
you are using know a supply line instead of a demand line and you will be
projecting a upside breakout instead of a downside breakout

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In order to create a supply line, it is necessary to locate the two points that
create the supply line. Remember that a supply line is the same thing as a
down trend line. A supply is created when supply exceeds demand; this is
where the name supply line is derived from. When choosing the points to
create a supply line we are focusing on points of resistance. True points
of resistance are only those which high has two candles to the left of it and
two candles to the right of it which highs do not exceed the high you are
using as your point of resistance. See the examples below for reference
of true resistance points.




Notice how both points of resistance have two candles to the left and
two candles to the right that do not exceed the high of the resistance
point being used. Next we connect these two points of true resistance
to create our supply line.



Once we have created the supply line we want to draw a vertical line
through the candle that has the lowest recorded low below the supply
line. From this line we want to record the value where the vertical line
intersects the supply line and also the value of the lowest recorded low
beneath the supply line.



By calculating the difference of these two values we arrive at the price
projection pip value. In this example we want to perform the following
equation:

Value of trend line a lowest low intersection 141.75
-
Lowest recorded low beneath supply line 139.72
203 pips

We have now arrived at a projection point of 203 pips to the upside from
the open of the first candle above the supply line.





We are now waiting for the first candle to open above the supply line
so we can add 203 pips to that to arrive at our exact price projection.



The first candle has opened above the supply line so it is possible to
calculate the price projection by adding 203 pips to the open price.




Price projection of 203 pips targeted. This concludes the section on
supply and demand line breaks and price projections. Attached are
several power point examples to help you better understand this
technique.


Happy trading