Originally Posted by james_phuc28

Hi All,

I am sorry that yesterday, I had a cold.

Well, thank you all for your compliments which encourage me to do better and better.

Here are 2 trade set-ups on Gbpchf and Gbpusd :

1. Gbpchf : Sell stop at 1.6180, Take profit at 1.6095. No need to put stop loss, because it will win, if it comes down to 1.6180. Only use your Trailing stop around 25 pips to lock in profits.

2. Gbpusd: Sell stop at 1.4290. This trade set-up will be valid within 7 days. We will have many profit targets for this pair as follows:

a. Profit target 1: 1.4039

b. Profit target 2: 1.3953

c. Profit target 3: 1.3770

d. Profit target 4: 1.3682

To me, I will use Profit target 3 or Profit target 4, because I know that once it break down below 1.4290, it will drop down drastically.

Once the first profit target is nearly met (1.4039), you should move your Trailing stop to lock in some profits, and then, adjust your profit target to Profit target 3 or 4. This is the way I trade my live account.

By the way, you could see yesterday that Eurgbp did rally up around 200 pips. So, anyone who did a trade reversal to buy could win this rally up.

My trade setups are really a fairly "SET-AND-FORGET" Trades, but you will need to monitor the trades after they are triggered so as to move the Trailing stop to protect your profits and let the winning trades run until the end of the big trend if there is any.

Using my own trade setups, every month, I can expect to earn from 1000 pips up to 5000 pips per month (in the worst month, I could earn 1000 pips with ease). I don't trade often, but I trade on specific technical points and breakouts.

Hope I can help all newbies here, or those people who are used to using EAs to trade, and not familiar with manual trading can win some good profit by trading manually with me.

Have a good trading day

Best regards,
James