Forex Hippiedog's Keep it Stupid Simple

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I originally posted this on rags to riches thread but not my thread so thought id better start this for any body looking to know more or try something new.

Ok so really stupidly simple way to trade, high risk, high reward blar blar blar...

Feel free to tweek this Idea, post your trade ideas etc etc blar blar blar cool...

So my method of trading can help people achieve there compounding goal perhaps starting from the smallest account size first and working up without risking 50% like in rags to riches but instead just building an account fast.

This strategy is high risk but hugely rewarding and I make no claims to it been bullet proof trading ok.

What you will need is two Bollinger's.

Set the one Bollinger to 100/2
Set another Bollinger to 100/3

Using the 2 hour and 4 hour look for price to hit the outer Bollinger 100/3 and close back inside inner Bollinger 100/2 heading back toward the mid line.

This is your first entry point.

Below that entry enter orders every 20 pips for a 20 pip take profit no stop loss.

Example

Entry trade 1 @ 1.6000 100 pip tp

Order 1 @ 1.40 20 pip tp
Order 2 @ 1.38 20 pip tp
Order 3 @ 1.36 20 pip tp
Order 4 @ 1.34 20 pip tp

And so on and so on

Obviously this method is not without drawdown hence start with the minimal account size possible for you and close any stragglers when profit target is hit.

Should first trade take of nicely and hits mid line prior to reaching 100 pips close anyway.

Discipline is key close all trades as soon as net equity show 100 pip profit for that trade size.

Ok so happy trading, have fun, look forward to seeing you on this thread post thingy.

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