#10 Mounzer Forex Stress Free system

Hi, Mohamad! Please explane: where i've to set order. Could U please attach picture?
Thx.

I will not numerate all the hances on the chart
It depends on how much U would like to risk as a stop loss in each trade
For me when finding that 1 or 2 is a long candle I ignore the trade and look for another pair
take this chart for GBPUSD
I marked two opportunities (Yellow shaded) only but it contains more

Look at this channel
The pair made a low at a
then a high at b
then a low at c
I wait it at d
d was somewhere above ema55
it began to form an uptrend till it reached d above the ema55
The pair respected the upper side of the channel
I shall wait for a higher high numbered 1 folowed by a lower high numbered 2 and make a sellstop order below the lower high numbered 2 by 5 pips and the stoploss above the top numbered 1 by 5 pips
But also as ema55 plays an important role in supporting and resisting I need for 2 to close below it
glance at the chart
the candle numbered 1 is at the upper side of the channel
the candle numbered 2 is a lower high and closed below ema55
It is a chance for a sellstop order
candle 2 low is 1.3705
I put a sellstop order at 1.3705-5= 1.3700
candle 1 high is 1.3788
I put stop loss at 1.3788+5+spread as it is a bid chart
taking profits differs from one to another
U may for example wait for an MSL or a fibonacci number or anything else

Mohamad,

I tried this method in demo for 2-3 weeks, lost overall 20%...
I am not sure If I am following rules correctly?

For How long have you been using this method?
Do you think it would work in the long run?

Thx.
-Tom

Try other pairs.... volatile market could affect some of the pairs....

I disagree that it's stress free. I read it and I got stressed.

Very good