Position Trades

Targets are normally 100 to 2000 pips.
Take partial profits and re enter at levels below the suggested level
Example - Sell AUD/USD at 0.8400 target 0.7800 stop 0.8700
If traded with 1:10 leverage, this traded can double your account in 2 to 6 weeks. 1:10 means open 2 mini lots for account size of $2000 3 lots is ideal for this strategy.

Take the 1st entry at 0.8400. Incase market goes up, you can take 2nd entry at 0.8500 and go for 60 to 80 pips profts and re enter sell. If AUD falls, close partial at 0.8320 and partial at 0.8260/80 re enter sell at 60 pips higher. Make sure you dont take very small profits and miss the opportunity to make 600 pips. A bad trader may close 1 lot at 0.8370 and 1 more lot at 0.8350 and miss the 600 pips profits.

Day Trade strategy 1

Trades given here are for an account of $3000 and the quantity mentioned is mini lots. All trades to be closed at once when your daily target reaches. If kept a target of 1% one can make consistent profits. if target is 2% consistency level may go down.

Day Trade strategy 2

* Similar to Martingale's strategy but will not kill the account incase of a movement of 500 pips in 1 direction
* This strategy is for those who can spend more than 12 hours a day in trading.
* One has to trade with micro lots in account of >$3000 and mini lots in account of >$20,000
* if traded with 8 to 10 pairs, one trade touching stop loss will not result in net loss for the day.
* Most of the suggested entry levels may not touch. If one gets 4 to 6 entries per day, he/she can easily make 2% a day.
* 1st entry will be given. Take positon +/- 20 pips from the entry suggested. You need to take the 2nd, 3rd and 4th entry.
Example Buy GBP/USD 1.6200 (30pips)
level 1 - Buy 1 lot GBP/USD target 1.6230
level 2 - Buy 2 lots at 1.6170 target for all positions - 1.6200
level 3 - Buy 4 lots at 1.6140 target for all positions - 1.6170
level 4 - Buy 8 lots at 1.6110 target for all positions at 1.6140. 2 lots can have 40 pips target.
level 5 - Buy 16 lots at 1.6080 target for all positions at 1.6110. 4 lots can have 40 pips target.
Trades can be repeated at 4th and 5th levels with 1 lot. If you close positons at 1.6140, u can either keep 1 lot open and open a new postion at 1.6140. Stop opening new level 1 position 4hours before your closing time. Say if you trade till midnight, do not open level 1 trade after 8 pm.

If traded with micro lots total loss if touched stop = $171 (less in pairs where 1 pip = $0.08)
This strategy should be traded with extreme care. 1st entry has to be good to avoid getting stopped out. One can get a dozen right trades in a day without getting stopped out.

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Position Trades (last updated on 4th of August)

Day Trade 1 (last updated on 4th of August)