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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
This trade is only other pair, other than E/# or $/swish I trade and for this reason.
I place a trade long aud/jpy on 2/22 long from 83.53....won't say how many lots...
the trade has fluctuated all week a little in range from there..
but it paid 83.22 per 1 lot (100k)..on swap
sure it could lose from 83.53 and that is where you use trading skills.
think 10 lots = 832 per week...and int rate will rise..along with possible actual pair rise
The only EA added to his charts was a TM to be able to trade from the charts and move stops etc. I run the same TM myself for any MT4 platforms. You could also set the TM for initial stop space and TP if desired to help automate the process. Speed was of the essence as you can imagine. Broker choice very important. He was playing 2 or 3 lot trades so typically net 50 pip profit gave him his $1K daily goal. Small trade would be 5 pip take, large trade would be 15 pip take. Stops set extremely tight. The trade took off or it stopped out quick. Working with the daily pivot levels and his ma's.
It can be done. I watched in amasement day after day.
Dave is the master trader across the board and subz is the chart czar...
I have some bank investments in carib..so leave the equities et all to bank mgr.
no other pairs....compelled to trade..don't really have to....if I quit rum/babes
he used 5 min blank chartz got a feel for a lil momo and sprung...
but he went to chart school..