Thursday, June 7, 2007

New trader Strategy

Have you ever got more than 2000 pips in a week ? I assume some of you have got it and I made it three years ago. The difference is I din't use any indicators because I had no ideas what they were...but I had to play...I had deposited my account.

I acted as if I was a real trader. And suddenly I had a "strategy" coming to mind :
At 00:00 GMT ( Luckly I live in a country where 00:00 GMT = 7:00 in the morning when all people will go working).

- I draw a horizontal line from the first tick of the day,
- BUY Stop 10 pips above the line.
- SELL stop 10 pips below the line for the same pair.
- Stop Loss 25 pips
- Take profit the next day.
- Trade as many pairs as I could ( I traded 10 pairs )
- Every day I made more than 200 pips from all trading, but the biggest one I got
from Brit/Jpn.

But I don't want you to do that ! That's only my "bad" experience last time. What I sometimes still do until today is:
- To draw a line on yesterday higest
- To draw a secon line on yesterday lowest.
- Easier to use daily chart.
- Buy Stop at yesterday higest
- Sell Stop at yesterday lowest
- Stop Loss 50 pips.
- Thats all.

Today on 7 June I made some pips from Brit/USD with that simple strategy. I traded just to refresh my mind and to prove that everybody can make pips with a very simple
tricks, including you. He...he...he...

You wanna do that ? Look at your chart and draw a line on the previuos day high and low, you will get the answer.

Happy trading

Krisman

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