A blog charting my trades in forex. This is a brand new strategy that I have developed myself. So far it is working well, and people are free to take my suggestions and put them on their own account. Just remember that it would be YOUR decision to do so however!
Wednesday, July 18, 2012
EURUSD trade
A new trade is to be taken.
This is on the EURUSD and will be a sell order.
The trade was taken at 1.22739 with a lot size of 0.02.
SL is 1.23167 (43 pips)
TP is 1.21953 (78 pips)
Let's see how this one plays out!
0.02 is the usual lot size going forward according to my money management rules, it is not a win or lose on then double the lot size - martingale systems are destined to fail every single time.
I have some advanced money management software that let's me win 10 and lose 10, and I will still make money - or lose 10 and win 10, and still make money!!!
Labels:
EURUSD,
lot sizes,
making money,
making trades,
money management
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