Hippiedog's Keep it Stupid Simple
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I originally posted this post on a post from scratch, but it's not my post, so I thought it would be a good idea to start this post for anyone who wants to learn more or try something new.
Well, very simple way to trade, high risk, high reward blar blar blar...
Please feel free to tweak this idea, post your trading ideas, etc. blar blar blar cool...
So my approach to trading can help people achieve their compound interest goals by maybe starting with the smallest account size first and then working their way up without risking 50% like starting from scratch but just building an account quickly.
This strategy is very risky but highly rewarding, and I don't consider it a bulletproof trade.
What you need are two Bollinger Bands.
Set Single Bollinger Band to 100/2
Set another Bollinger Band to 100/3
Use 2 hours and 4 hours to look for price to hit the outer Bollinger Bands at 100/3, and close back inside the Bollinger Bands at 100/2, and back to the midline.
This is your first entry point.
Below this entry point, enter an order every 20 pips to obtain a 20 pip take profit and no stop loss.
Example
Entry Trade 1 @ 1.6000 100 pips
Order 1 @ 1.40 20 points tp
Order 2 @ 1.38 20 points tp
Order 3 @ 1.36 20 points tp
Order 4 @ 1.34 20 points tp
Wait wait wait
Obviously, this approach is not without drawdowns, so start with the smallest account size possible and close any stragglers when you reach your profit target.
In any case, a good trade should be made first and the midline hit before the closing price reaches 100 points.
Discipline is key, close all trades once the equity for that trade size shows 100 pips profit.
Well, happy trading, have fun, and look forward to seeing you on this post.
I originally posted this post on a post from scratch, but it's not my post, so I thought it would be a good idea to start this post for anyone who wants to learn more or try something new.
Well, very simple way to trade, high risk, high reward blar blar blar...
Please feel free to tweak this idea, post your trading ideas, etc. blar blar blar cool...
So my approach to trading can help people achieve their compound interest goals by maybe starting with the smallest account size first and then working their way up without risking 50% like starting from scratch but just building an account quickly.
This strategy is very risky but highly rewarding, and I don't consider it a bulletproof trade.
What you need are two Bollinger Bands.
Set Single Bollinger Band to 100/2
Set another Bollinger Band to 100/3
Use 2 hours and 4 hours to look for price to hit the outer Bollinger Bands at 100/3, and close back inside the Bollinger Bands at 100/2, and back to the midline.
This is your first entry point.
Below this entry point, enter an order every 20 pips to obtain a 20 pip take profit and no stop loss.
Example
Entry Trade 1 @ 1.6000 100 pips
Order 1 @ 1.40 20 points tp
Order 2 @ 1.38 20 points tp
Order 3 @ 1.36 20 points tp
Order 4 @ 1.34 20 points tp
Wait wait wait
Obviously, this approach is not without drawdowns, so start with the smallest account size possible and close any stragglers when you reach your profit target.
In any case, a good trade should be made first and the midline hit before the closing price reaches 100 points.
Discipline is key, close all trades once the equity for that trade size shows 100 pips profit.
Well, happy trading, have fun, and look forward to seeing you on this post.
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