50 pips a day forex trading strategy. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE This forex day trading strategy is all about making 50 pips a day – okay this is not guaranteed in real life but its very systematic; its either making 50 pips or nothing. The theory behind this trading strategy is as follows. We have money flowing round the world with the currency markets 7 days a week; we get the London session, the European, USA session and the Asian session and then they start all over again. The theory of this system is that as any of these sessions open we trade the currency pair that is dominant; so for the London session open we trade the GBP/USD and when the Asian session opens we trade the USD/JPY..etc Its a bit ambigous sometimes what the time of the open is. In this strategy we take the first hour’s range of whichever market we’re looking at. The theory is I go long when I break above and go short when I break below. This is a very systematic strategy that has potential.
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Paul l wanna learn to trade on forex
took way to long to get to the point…
Should we wait for the candle close ?
anyone have trouble finding time sessions. Use FOREXTIMEZONECONVERTER
Being in the UK I’m trying to find an online service to trade on a small account. Any suggestions?
This is not how you should trade the market, you will be beaten.
Great explanation of this. Can you recommend any videos to u have done that is a good start for a beginner?
I like to see you dive into more trend based systems that aim to buy into retrancements and sell out at predetermined extensions. Vicker Sparandeo has down some very compelling research into defining a trend, namely that it does not violate any prior recent low fractals, and we see this alot low fractals hold remarkably well as support especially on the 2nd and 3rd impulse waves going higher.
are you in crypto trading ?
Nicee video
what if there is a fakey…then…!!!!
Very good one! Price – related strategies are the best ones in my opinion. There’s nothing more powerful than what market is actually doing. If up, buy. If down, sell. 🙂 Take profits at sup/res, cut if change direction and reload at the next event!
This is a viable strategy. Just be sure to establish a clear Stop Loss, Take Profit, and move to Break Even once it reaches a comfortable and established point in your direction. Doing this consistently will make almost any trading strategy profitable. If anyone is seeking advice, read Trading in the Zone by Mark Douglas. It is the Bible of trading, especially when referring to emotions. If you haven’t traded before, don’t take any strategy and use it. No strategy will guarantee winning every time. It’s all risk management and managing your losses. You have to re-word the word “loss” as a “cost” of doing business.
I didn’t understand how to place the stops. Thanks
how do i start?
I did a backtest for the month of January 2018 on GBPUSD H1. There are 21 trading days. 5 losses and 16 wins. Lost days are: January 8, 9, 11, 16, and 26, 2018.
What pair do you trade at the US open ?
hi i’m struggling to know what time does my London session start…Im in south africa please help
You are very kind and helpful for sharing your ideas. Thank you
don’t follow this one At the end of month you Will definitely in loss
Actually as i understood from your explanation , you advise us to find 50 pips and take away it, but how ?
So would one enter a trade once it breaks the high or low, or wait until it’s closes above or below the high or low?
great mustache brotha
just found you. interesting stuff . cheers
Your strategy either works long term or it doesn’t. If this 50 pips a day worked 60% of the time with just a 1:1 profit/loss ratio you’d make a lot of money in the long run and wouldn’t need to change anything. Making money in Forex is about finding a trading system that works and doing it over and over again with exact objective criteria. No changes unless strategy doesn’t work long term.
this is a great strategy seems to work well with the Eur/Gbp pair. i guess its not best to trade this way when we have a 09:30 news data coming out?
It seems that one has to take at least one loss with this strategy and if there is a reversal before 50 pips are achieved then there will be two. So rather than open two positions you could just open the trending one and hope for the best as you will be stopped out anyway unless there is an immediate reversal and if there is then you could open a position with the new trend and hope that doesn’t reverse too. But of course just opening the one position based purely on where the market is exactly one hour after trading has started, puts you in the realms of donkey tail pins.
Mantappp
great video ,, i like the strategy but too fast to undesrtand, can you please redo it , step by step slowly . thanks