NoahDePhan, 10Pips

This method dedicates to GP_US, but can also apply to other pair.

(But if you success with GP_US, why try other? . By focus studying and trading only 1 pair, you will gain more experiences. The more exp. you get, the less or NON lost you bear. Remember, you only need 1 trade per day, gain 10 pips only to make 150K per year.)

THE STRATEGY

Study more, do not rush, do not greedy, patient, patient…
The successful in FOREX is not how many trades you gain per day , neither how much pips you gain per trade, but minimum or NOT lost any trade.
You only need gain 10 pips per day, consistently with minimum or almost NON lost to make 150-200 K/ year.
You can do it if and only if you make 10 pips / day NO LOST.
The PLAN math:
You open an account for $1000.
You make 1 trade a day (2 in most but just say only one for sure),
and 2 mini lot, make $20/day x 5 day = $100./week/ $400/month.
Do this for 2 months—January & February
March 2005-acct. 1,600, you trade 4 mini lots, make $800.
April 2005-acct. = 2400, trade 6 lots make 1200
May 2005-acct. = 3600, trade 8 lot make 1600
June 2005-acct. = 5200, trade 10 lot, make 2000
July 2005-acct. = 7200, trade 15 lot, make 3000
August 2005-acct. = 10,200 switch to standard account,
trade 2 STD LOTS, make 1000/week, 4K per month.
September 2005-acct. = 14,200 trade 3 STD LOT, make 6K
October 2005-acct. =20.2K trade 4 STD LOT, make 8K
November 2005-acct. = 28.2K trade 6 std lot make 12K
December 2005-acct. = 40.2K trade 8 lot make 16 K.
Total for year, app. 56K.
After 1 year, from 1K , you make 16 K / month, 192K per year ( and so on if you want, and after 1 year experience, then you can make 2 trades per day)
All of that is ONLY 10 PIPS/ TRADE/ DAY IF and ONLY IF you gain 100% ( or almost) 10 PIPS.
(I think most of us could live on this type of income--don't get greedy)
See you next 12 months, may be we start a club call " 10 PIPS CLUB"

THE METHOD

A. Set up light : ( From left to right) and save setting.
1. 720- SHORT- 480- 240
2. 720- 15- 60 180
You set up lights as above, when you change light set, it will be faster, the software only needs to change the different light, which one the same will not.
B. Check lights:
Check #1 light set:: 720- SHORT- 480- 240 at 7:05 AM, & 19:05 PM ( EST.) (or any time).
We do not care & need direction of SHORT &720 trends ( left to right), we only put attention in the last 2 to 4 time frames.
No Packman on any lights.
All light must same color, ANGLE & SEPARATE, red & green run parallel (or divergently) at least in 1-1/2 to 2 time frames for SH & 720, red & green run parallel 2 to 5 time frames for 480 & 240.( they can be slightly convergent)
Chart can be ANGLE in green & RED in 3:00 O'clock with slightly committed to green.( less 3:00 for UP_GREEN, more than 3:00 for DOWN_RED) No Packman.

How much separate ? the width between red & green about more than half the width of two vertical line in chart. If you can put the mouse cursor between red & green, it good separated.
C. Check current price. Put the mouse in the last 2 time frames of 720.
- Take the HIGHEST & LOWEST as HI & LO ( we call it PRE_DAY HI_LO.)
HI: 1.9450, 1.9380, LO : 1.9360, 1.9320, PRE_DAY = HI = 1.9450, LO = 1.9320
- Minus HI - LO = RANGE (R)
i.e. 1.9480 - 1.9320 = 160 pips = R
- MIdle range ( MR ) = R/2
160 / 2 = 80 pips. = MR
- Take 25% of R : 160 x 0.25 = 40 pips call it R3
- R3 must be bigger than 45 pips, if NOT, choose R3 = 45 pips.
- Minus HI – R3 ( or 45) : 1.9480 – 45 = HI_up
1.9480 – 45 = HI_up = 1.9435
- Add LO + R3 ( or 45) = LO_up
1.9320 + 45 = LO_up = 1.9365
- From LO_up to HI_up, we call Enter Range ( ER ) ( from 1.6365 to 1.9435 )
Only enter a trade when the current price ( Enter price) between Enter Range ER. (i.e. from 1.6365 to 1.9435)
If the price broke out ER, WAIT UNTIL IT BACKS IN ,we re-calculate HI, LO, R, MR, HI-up, LO-up, ER
Check #2 light set:: Any time, we need all lights same color with SH & 720 , (condition as above).
180-60-15 Angle & Separate, run parallel more than 1 time frame. ( they can be slightly convergent, but NOT tough of run vertically _flat)
We do not need Fresh in the last 2 time frames , but if they were, better.
When every thing meet the condition, ENTER ( market order).
Put Stop loss 80 PIPS,
PUT LIMIT 10 PIPS ONLY.

Maximum 2 trades per day, 1 in evening and 1 in day time ( EST)

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