Ok After trading I realize 95 % of what is on this site or anywhere in FX it’s all meaningless
KISS is the way to trade
Forex is a Poker Game not a Chess game
its the best odds not the best player
The most important rules.
1. Trade with the trend
2. Must have a target and a stop lose
3. Must have 2 to 1 Risk to reward ratio to trade (better 3 to 1 RRR)
4. Find a good trigger - Master it. Know it’s really not that important
4. Find a trade put it on and forget it let it run;; do not play with it you win the hand or you lose hand ... move on to the next hand
5. Only take the 2nd or 3rd swing in a move
Again the System is not really that important
I am using 50sma and a 14 CCI
S/R Trend lines and candles
Maybe Fib window 38% to 62% area
The Key to trading is math.
I can control my odds in the Risk Reward Ratio(RRR)
Its the Win Loss Ratio(WLR) I have to figure out
100 trades of 100 lots each
1:2 risk reward ratio
1 to 1 Win Losers ratio = 50 lots
2 to 1 Win Losers ratio = 101 lots
3 to 1 Win Losers ratio = 125 lots
4 to 1 Win Losers ratio = 140 lots
1:3 risk reward ratio
1 to 1 Win Losers ratio = 100 lots
2 to 1 Win Losers ratio= 168 lots
3 to 1 Win Losers ratio = 200 lots
4 to 1 Win Losers ratio = 240 lots
KISS is the way to trade
Forex is a Poker Game not a Chess game
its the best odds not the best player
The most important rules.
1. Trade with the trend
2. Must have a target and a stop lose
3. Must have 2 to 1 Risk to reward ratio to trade (better 3 to 1 RRR)
4. Find a good trigger - Master it. Know it’s really not that important
4. Find a trade put it on and forget it let it run;; do not play with it you win the hand or you lose hand ... move on to the next hand
5. Only take the 2nd or 3rd swing in a move
Again the System is not really that important
I am using 50sma and a 14 CCI
S/R Trend lines and candles
Maybe Fib window 38% to 62% area
The Key to trading is math.
I can control my odds in the Risk Reward Ratio(RRR)
Its the Win Loss Ratio(WLR) I have to figure out
100 trades of 100 lots each
1:2 risk reward ratio
1 to 1 Win Losers ratio = 50 lots
2 to 1 Win Losers ratio = 101 lots
3 to 1 Win Losers ratio = 125 lots
4 to 1 Win Losers ratio = 140 lots
1:3 risk reward ratio
1 to 1 Win Losers ratio = 100 lots
2 to 1 Win Losers ratio= 168 lots
3 to 1 Win Losers ratio = 200 lots
4 to 1 Win Losers ratio = 240 lots