G'day.

I thought I'd start this thread after discussions from another. The thread was called Rags to Riches. It basically outlines a Risk Presence system of 2:1. With this high R/R platform it's possible to increase a deposit of $50 to $50 000 using 9 winning trades. To have the ability to complete this though it's compulsory that the trades taken (as I mentioned earlier) needs a R/R of 2:1 (you may require a high leveraged account too ie 1:400). Quite simply the Take Profit has to be twice of what the Stop Loss is. (For full details see thread Rags to Riches at 10 or 20 trades - Simplicity at its best ) https://www.forexsoutheast.asia/fore...ng-trader.html

As most seasoned traders know this type of trade setup is quite difficult to find, especially on a constant basis. That's where this thread comes into play. I guess if folks were serious in attaining the R/R scenario outlined in Rags to Riches afterward a discussion could be started (here) about exactly what a high likelihood trade looks like and how to trade it. I hope that folks (including myself) will post high probability trade setups so that they may be analysed and finally traded. For instance: In case pa is always difficult a weekly high (or low) and the 4 hour chart then 1 hour chart would be putting up to tipping point of a break out afterward that in my opinion could be a high likelihood trade setup. I'm sure we all have had those moments when we were looking in our charts and a setup pattern appears and hits us. That's what I'm speaking about.

I think I want to stress here that unless you have a fantastic base in the FOREX market and are currently profitable on your trading it's ill advised that you waste both sources and the possible psychological energy to try these types of trades... but I'm not your mom. By all means follow along and try to understand from what folks have to say because that's the point of the thread.

Concerning me. I'm still quite new to FOREX (approximately four years) and am still studying. I trade profitably in the basics. There is not anything flash my sleaves hard work. I hope to attract traders to the thread that have more experience than me so that I can learn from and improve my own abilities (and of course to generate some money along the way).

So that is that. I'll stick it out there (my 1st ribbon ) and see how it goes.