The hot days continue, but now in August, how are you all spending your time?
I picked out places that may be enterable next week using the 503 method. Until July (up to around August), I will publish this week's articles for each currency pair for free.REAL TRADEBut I will try moving it anyway.
Below, I will list, based on the method, where each currency pair can target. These are pairs that can be entered from this week, so please judge by looking at your own charts.
Looking back at last week, and in the mid-week outlook article, I noted that many JPY pairs were missed because trailing was not used, resulting in a loss due to stop losses. Other than that, it was a relatively quiet week. Since yesterday, I have started taking positions as a NZDUSD pair’s revenge match.
In the first half of this week, many currency pairs achieved 100 pips. I did not gain anything, but if you followed the 503 method, you should have been able to capture 100 pips in both the first half and the second half.
USDJPY has been quite volatile, but if you follow the 503 method, you should have remained unscathed. Also, you should have been able to clearly see the trend direction.
Last week on REAL TRADE, I started moving with 25x leverage, but because the early data of 503 was shared, I couldn’t move it, but I plan to fix this over the weekend for next week.
From August, I plan to operate with 25x leverage using the 503 method.
And I also thought about moving to a real account (some preparations have already begun).
As positions finish as much as possible with the 503 method and settle, I am thinking of switching to REAL accounts around September.
Haven’t we learned a lot from this week’s trades?
By not utilizing trailing, we saw what happened: if you do not place a stop loss regularly, what happens when the market doesn’t move in your intended direction. The 503 method not only provides the method, but also pre-guides a rough view of the trend, so you can easily see the market flow from a single chart.
With the 503 method, and with any method, you will see that without a stop loss, the account cannot survive. If you set a stop loss and cut losses, depending on the method, you can continue trading.
This time, the people who were forced into liquidation, by setting a stop loss, can understand that they can avoid these risks and continue trading while increasing funds. I am operating in REAL TRADE to help you understand this.
Earlier this week, even though I was in profit, I did not use trailing and took a 5-pip gain, which led to a stop loss; since I had a stop loss set, I can apply the lesson next time.
The effectiveness of 503: Three simple methods that can easily yield 100 pips even for busy people
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This week’s wrap-up: It’s August. The history starts in August.
