Forex Trading My Heiken Ashi Method.FLV

[cyhayward]

I like your entry method but I've never been a fan of profit target based exits. The market has no consideration for profit targets, so why not make your exit based on the actual market conditions? Perhaps just an MA crossover, or your trend indicator may suffice.

But arbitrary exits based on what number of pips you want to acquire simply don't have any relation to what happens in the market.

[4xdaytrader2]

Good point, I will take that into consideration. The only problem is you will more than likely end up loosing in the market if you take profits consistently for less than what you are risking. I am not so sure this entry method will provide 98% win ratio which is what you will need if you take less profit for the amount you risk. I do use a scalping method that has a high win ratio and comes out ahead but this strategy was not designed that way so not sure how that would workout.. will test ty.

[skateyuk]

what chart period is this, 30m, 1hr or other?

[4xdaytrader2]

Hi, Traded on the 30 minute chart.

[4xdaytrader2]

30 min

[FreeFOREXautoROBOTS]

Free Forex EA- works perfectly fine for me.

[zsafws]

Once you learn my system you will have a major advantage over most people trying to make money in the Forex market. With a little practice you can be winning in the Forex market unlike 95% of the others out there. And believe me, it's sure a lot more fun taking money from them than it is letting them take money from you. You can also make it at makemoney8 . com

[prodigee411]

60 pip stop losses..target is 120...you might as well give your money away. maximum pip loss for most traders should be 10-20 and risk/reward should at least be 3:1.

[4xdaytrader2]

@prodigee411 odds of getting 3 to 1 is low too. You lower your contract size to fit your risk tolerence levels to take advantage of these profitable moves.

[iForexTrading]

nice!

[thinkingsharp]

is it possible to set fib to set profit target? also, is it a 20 or 30 moving average that you have on your chart? thanks a bunch!

[4xdaytrader2]

Yes you could use fib to get your profit targets. I typically with this method just double my risk and use that as profit target. The moving average you see here is customized but a 25 period moving average works well too.

[MrDenka35]

show us sideways trend? oops no system for that. ha

[4xdaytrader2]

Actually there are several ways to trade the sideways trend and/or channel. This particular video just so happens to be focused on trading the up and down trends. You can find out more at 4xdaytrader

[forexdaily]

Hello everybody,please check my trading methode,I designed it to help all traders that are struggling...cheers my chanel is FOREXDAILY,see you soon to discuss it

[4xdaytrader2]

No software really, this is the metatrader 4 platform available with most brokers and HA indicator.

[chrisbenjy]

what chart software are you using?

[forexdaily]

@chrisbenjy Hello everybody,please check my trading methode,I designed it to help all traders that are struggling...cheers my chanel is FOREXDAILY,see you soon to discuss it