Can I make 40% per month consistently - Page 2
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Thread: Can I make 40% per month consistently

  1. #11
    Whilst I hate trying to exchange the news (I say attempting because previously I've been burned) I must seriously consider if the market is telling us that way news is expected to go and if you can exchange the news before the event???

    Apart from the GBPJPY I commented above a fantastic look at GBPUSD reveals 1 hr chart W's% R crossed up -50 line at midnight est, 30 min chart daily fozzy RSI crossed SMA and W's% R was already above -50 line and 15 min chart a similar narrative i.e. buy GBPUSD. Because of the UK CPI coming out I wasn't looking at it as much.

    Another thing from memory, US news may see GBPUSD bounce around all over the place but UK news appears to observe that the currency transfer solidly in one direction. Again this is from memory and probably because in this case at least the CPI was considerably bigger than expected and favorable to UK interest rates therefore there was only 1 means for cable to go.

    Well its mentioned today I will not forget again.

  2. #12
    Just did a scalp utilizing Daily Fozzy method applied to 5 minutes chart GBPUSD. S 2.0040 only out with 48 pips.

    I have decided to change the recording of win/loss because pip values vary. From a $10000 account together with the 40% goal i.e. 20 pips daily = $4000.

    The number of transactions I put into whilst work rears its ugly head might still be a problem for me but I am focusing on becoming that.

    Week 1.
    Goal per week $1000. Profit per week $480.

  3. #13
    Forgot to mention the dwell article for this previous trade was written under https://www.forexforum.co.za/general...ount-size.html Daily Fozzy on all time frames??? thread.

    Its official that the Fozzy 8 RSI, 8 SMA, Bol Bands combo works on all time frames, its own magic. Not only on its own but in conjunction with other tools which makes it really effective.

  4. #14
    Open transactions

    GBPUSD B 2.0039 S 2.0017 T 2.0095
    Stop amended to 1.9999 2.0017 was too optimistic.

    GBPJPY B 237.57 S 2.3690 T 239.03

  5. #15
    Decided to depart the above mentioned trades with $616 profit so with 3 trades for the week we have:

    Week 1
    Goal for week $1000. Profit for week $1096

    So after being up from 2am that my regional time I truly have to scramble to get to work. Am I pleased with the week entire yes clearly target hit but the GBPUSD trade this morning at hindsight the entrance price could have been much better and I must get more trades in.

  6. #16
    It appears it to exit the above mentioned trades was the right choice, price coming back particularly GBPUSD towards the fundamental pivot prior to news at 4.30.

  7. #17
    Monday came and went with nothing I had been pleased with whilst I was in the computer. I ended up at 4am local time, 22:00 est, to try and get one of these wonderful yen trades, missed one there and then overslept and missed a setup I would take any day of the week.

    GBPUSD 23 Apr 1am est.. About the 30 minute chart Daily Fozzy cross, red RSI crosses the black SMA in the bottom pane. W's% R stayed below the -50 lineup that was bearish. About the 15 minute same Fozzy cross, stoch crossed/turned and W's% R crossed the -50 line. Should have been a market at 2.0031 for at least 35 pips.

    As mentioned I will trade this kind of setup daily. Thankfully thats how frequently they come, roll on tomorrow 1'm est!!

  8. #18
    Hello,
    greeting from the fairest Cape. Just wanna wish you luck with your quest.
    Is that Accu-charts you are using?

    Take Care
    Habeeb

  9. #19
    I dont understand about 40% per month, but can just tell you about myself. I begin with an ex quantity of funds on the 1st of January each year. I double it by the end of year. Money my profits on the 31st of Dec.. That's my annual income, which comes out be a very good amount in 5 digits. I use it for the whole year. From the time that I spend it, I am all set to cash out my following annual profits. I am a complete time trader. I really don't do anything else for income. I have been trading for ten decades. But this constant income I have been able to gnerate for last 3 decades. Just to allow you to know this successful formula is not mine, I learned it from my own mentor. Might be if given a chance I will narrate my success story

    KAZAM

  10. #20
    Quote Originally Posted by ;
    Gbp B 1.9897/76 S 1.9951/68
    Eur B 1.3482/66 S 1.3520/36
    Chf B 1.2206/1.2189 S 1.2247/64
    Jpy B 121.63/46 S 121.94/122.11

    Big queries for today will the $'s slip continue? Can I exchange when Trichet speaks this morning he has a habit of saying things that make me burned?
    Gbp came in 5 pips of sell price but the dual leading and negative divergence (rsi 8) to price proved to be a good reason to sell. A 20 pip move.
    Chf hit goal into the pip and has dropped a small quantity. Not a hit out of the park but good if you're looking for 20 pips per day.
    Jpy hit sell price into the pip supplying a 25 pip move.

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