here was 3 trades i took this afternoon on gbp/usd damn the markets were dead.........eur/usd came to a virtual halt.....so i guess i can pack up and start my weekend now

iandekoker's 5 profit target trades

here is a long trade

iandekoker's 5 profit target trades

To answer your question go have a look at my trading journal. i havent had a loosing trade all week. Actually i havent had a losing trade in a few months. Maybe it is because i only look for 5 pip winners. And i do up to 10 such trades a day. So yes ...

Now I know why 95% of traders are on losing side

Well see the 3 pips you made as 23 pips...Cause you nearly got stopped out. But the market went in your favor and you got a winner...even if it was just 3 pips. But the most important thing is that you turned a looser into a winner. That is one less ...

iandekoker's 5 profit target trades

well here is something that Rob Booker once gave me. It's called the 10 pip principle. If you can make 10 pips per day. There are 20 trading days. Then it's 10 pips x 20 trading days = 200 pips per month Now if you trade $1 lots it is 200 pips x $1 ...

Now I know why 95% of traders are on losing side

So what brought about the change? Lemme guess....you just adjusted your take profit targets????

Now I know why 95% of traders are on losing side

Too be honest i am ver cautious trading these high levels. Plus fridays tend to be a wacky trading day...so right now i am just watching....

iandekoker's 5 profit target trades

here is 5 pips on gbp/usd actually there was a lot of pips in this trade but as you know i am not greedy...lol

iandekoker's 5 profit target trades

ok let me try it out on a DEMO

iandekoker's 5 profit target trades

Nope the blue line shows where SMA crossed up. I enter once ADX was above 35 level so that would be 2 candlesticks to the right of the blue line.

iandekoker's 5 profit target trades

Here is my 2 cents worth.... At first i was not a big Fib fan but the more i study fib level the more i like it. So now i use fibs mainly for convergence. And i havent been dissappointed yet. Also fibs give me a good place to put stop losses. I ...

Fibnacci trading..Are U thinking what i'm thinking?

here is a 5 pipper on eur/usd

iandekoker's 5 profit target trades

Here is a nice little Shooting star to start the day with worth 5 pips.

iandekoker's 5 profit target trades

I agree. You can go far with only playing Engulfments, Haramis, and Hammers/Hanging Men candlesticks. I also love my fibs and pivot point.

Now I know why 95% of traders are on losing side

Lol..yes i know the feeling of wanting more than 5 pips. Especially when you close your trade after 5 pips only to see the market carry on another 10-20 pips. But this is how i see every trade: I see every trade as a potentially BIG LOOSER. So ...

iandekoker's 5 profit target trades

[quote=Serega;1679089] All i am trying to say is that even though you might use certain indicators you as a person must still pull the trigger on every trade. You indicators cannot pull the trigger, they can just help you make an "informed" decision

Now I know why 95% of traders are on losing side

i just grabbed 5 pips here on the eur/usd

iandekoker's 5 profit target trades

here is a long and then also a short trade The vertical lines on the chart shows where the SMA's crossed. All you do then is wait for the ADX to rise above 35 level before you enter the trade. You enter as soon as the ADX rises above the 35 level. ...

iandekoker's 5 profit target trades

here is another 5 pipper

iandekoker's 5 profit target trades

Also tell me what you see once the DMI under the 15 level rises above this level and continues all the way up to the 35 level while the ADX is still above the 35 level?

iandekoker's 5 profit target trades