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Ronnie OOO

Joined: 02/01/15

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10 pips a day, 2% a day, 10% risk catastrophic stop, and an eyeball stop which is much tighter. I seldom use indicators. I prefer just to use charts and trade on price. I also look closely at candlesticks. I review ALL time frames daily and re-draw all. I only trade if watching chart. If I am in for over an hour I probably made a mistake. I usually look for trades on a longer time frame then I actually trade on. thus I may fall back to that if I went wrong on shorter time. Only in on one trade at a time. Never more - never draw down - I just punch out. 10 pips gathered and I am done for day. End of story. 10 pips lost and I am likewise done for the day. That would be 2 pct of account. I trade which does not require set lot sizes. My units size goes up with account. Always 2% gain = 10 pips dictates my trade size. Never worry about missing the big one as its never the goal.

Trading Experience:    5 Years +
Trader Type:    Scalper
Markets Traded:    Forex
Currency Pairs Traded:    EUR/USD, USD/JPY
Skill Level:    Intermediate
Preferred Approach:    Technical


Preferred Trading Time Frame:    1 min, 5 min, 15 min, 30 min, 1 hour


Favorite Trading Books:    Currency Trading for the Complete idiot
Favorite Trading Magazines:    None