Add more shorts once initial positions are in profit with a break even stop loss. Break even stop loss is your friend. Allow 3 positions maximum without a break even stop loss and unlimited positions with one.
From current price 0.7600 5:30pm 22-May-2018, a target of 0.6600 will give a profit of 1000 pips per position.
I now have 60pips worth of floating profit to risk. I will being to add multiple shorts and will only risk my floating profit, this is what i call zero risk, not risking your initial equity only floating profits.
If I am lucky enough i should be able to build 20-30 shorts before sleep in 12 hours.
Rules: - Only add when winning - Maximum 3 losing positions - Equity must not drop below 60 pips value.(current profit on main short position) -Long + Hedges must be 10% of total short value. Example: 10 shorts at 0.10 = 1.00 so hedge long = 0.10 -If Hedge are in profit, move BE SL and add more with the trend -Short till its not and take small profits on every dip
The BEST time to enter a position is when people are losing and for the past 5 weeks 86% of people have been short USDollar and the only thing USD has done is gain more momentum.
Add more when winning can activate exponential gainz on your account. If breakeven SL is set, risk = 0
The short trade is over crowded and preventing the actual drop from happening.
I am starting to cover my shorts with longs and will begin adding to winning long positions to push into the daily stop zone which will enable me to start shorting again.
Did you manage to cut loose with some profit Kemosabe?
LiquidFlow
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good looks here! nice to see the bearish side of things :) go bulls go!
Ray_Charles
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Chances of a long due to the correlation with the EURUSD? especially after the Italian bond yields lifted.
Some great parameters there. Glad to see a new post!
UnknownUnicorn139194
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@Ray_Charles, Thanks. I am not sure about the long on either EU or AU. I was using the 1minute EU last night as a strength indicator for USD so i could trade the AUDUSD 1min. Worked a treat and shorted the whole way down.
As you can see in this 1minute chart i take profit at 10 pips every chance i can get while holding a few for the longer term.
gyazo.com/fb18ba1a95e01c445cc6bf89d9338857 gyazo.com/b08740173a2cd9b56374d9fda348ed80
printing money
Ray_Charles
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@chuck.Aus, great trading agility. Are you with IC or pepperstone?
My spreads would be too large to run the 1 minute plays. Overnight spreads didn't matter though. Long on EURUSD and AUDUSD, perfect timing.
Why are you looking to short to 68? Is there a level there for you? Or you're considering fundamentals?