I’ve got a question by Stanley who asked…
… What is the Secret to Winning 25 Trades in a Row?
And my answer is this:
Yes, it’s possible to win 25 trades in a row. All you need is to have a really small take profit target, relatively to the size of your stop loss.
You can have a 2 pips take profit target, with a 100 pips stop loss. You will easily win 25 trades in a row.
Alternatively, you can have a 100 pips take profit target, with a 5000 pips stop loss, your winning rate will still be ridiculously high.
But here’s the deal:
Can you be consistently profitable?
This is when you need to know what is your average risk to reward, before knowing whether you have a positive expectancy in your trading system.
Now, back to the markets…
This week I’ll be looking at at a few pairs like USD/MXN, EUR/USD and NZD/JPY.
And I share with you the difference between swing trading and trend following.
The Secret to Winning 25 Trades in a Row…
I hope you have enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!
Do you want to learn a new trading strategy that allows you to profit in bull and bear markets?
In my FREE trading course (valued at $48), I will teach you this powerful trading strategy step by step, along with charts and examples.
You can download it here for FREE.
could u tell us how to use volume spread analysis to long and short.
I don’t use volume spread analysis in my trading.
But if you wish to learn, you can check out this post here.
“From loser to trader” we have a telepathy =D
I love you Rayner!! You’re awesome!!!
Thank you for your kind words buddy 🙂