Kiss forex trading strategy

I am going to share with you one of the simplest trading strategies you could ever come across. This is based on the idea “KISS - K eep I t S imple S tupid”. It doesn’t involve any fancy or complicated indicators nor does it involve any complex methodologies. After reading this you might wonder why it didn’t occur to you or if this really works. I assure you that if you follow this strategy exactly as explained here and also adhere to few basic rules and instructions, you will never have a losing week or a month (there could be few losing days once in a while). So if you are ready for it, here it goes-
Simple moving average 200 (for direction)
Simple moving average 10 (for entry)
Time frame - Any. Works on 5 min, hourly and daily charts. Day traders could use 5 min charts, Swing traders can use hourly charts and long term investor can use daily charts.
Item - It can be used for any currency pair, commodity, Indices or stocks.
Long Entry - When the price candle closes or is already above 200 day MA, then wait for price correction until price drops to 10 day MA, then when the candle closes above 10 day MA on the upside, the enter the trade. Stop loss would be when price closes below the 10 day MA.
Short Entry - When the price candle closes or is already below 200 day MA, then wait for price correction until price rises to 10 day MA, then when the candle closes below 10 day MA on the downside, the enter the trade. Stop loss would be when price closes above the 10 day MA.
Limit - Profit target would vary with each item. For day traders, I suggest profit target of 50% of daily Average Trading Range of that item for the last month.
Eg - If EUR/JPY (my favorite at the moment) has daily Average Trading Range of 120 for the last month, I would suggest profit target of 60 pips per day trade.
Profit targets for other items can be worked out in similar fashion. It would be a mistake to use same profit target levels for all currency pairs. In my opinion ever currency has a different personality. It means that the daily trading range, volatility, reaction to any news, etc is different for all currency pairs.
1. Follow the instructions for entry and exit exactly as above. Don’t second guess, or assume/presume anything.
2. Avoid entering the trade when the price is temporarily above /below 10 day MA, but the price candle hasn’t fully formed yet. Enter the trade only after the price candle closes above/below the 10 day MA.
3. Exit the trade immediately when the price candle closes above/below 10 day MA in the direction opposite to the trade. Don’t remain in the trade wishing it to turn in your favor.
4. Never ever trade in the opposite direction of the market. i. e. don’t buy when the price is below 200 day MA and sell when the price is above 200 day MA.
5. Take profits when limit is reached. Don’t be greedy and keep on increasing the target. Remember - A bird in hand is worth two in the bush.
1. For forex day traders, this strategy works best in the London session as there is maximum volatility. Around 3am-11am NY time would be best time.
2. As this strategy is based on purely technical analysis, I suggest you switch off your inputs from fundamental analysis and news. Don’t allow fundamental analysis to influence the trades. Remember - Price is always right. Whatever effect fundamental analysis or News has on the currency will always reflected in the price.
3. Don’t jump into the trades. Allow time for the set up to be formed. There will always be opportunities available.
4. Leverage is a silent Killer. Don’t use excessive leverage for trading. Even the best strategy in the world will not prevent you from wiping out your equity.
5. Remember - Only 5% of day traders make money consistently. And trading strategy is not the number one reason for this. Failure to implement the strategy fully and not following the rules and guidelines is the number one reason for losses of majority of day traders.
I am attaching herewith screen shots of charts showing the entry and exit signals for different currencies and for different time frames.
Fig 1- Euro-USD chart for 14Feb 2013 showing profit of 50+ pips.
Fig 2- Euro-JPY 5min chart for 14Feb 2013 showing profit of 60+ pips.
Fig 3- GBP-JPY 5min chart for 14Feb 2013 showing profit of 50+ pips.
Fig 4- Euro-USD Hrly chart for from 22-31 Jan 2013 showing profit of 200+ pips.
Fig 5- Euro-JPY Hrly chart for from 04-15 Jan 2013 showing profit of 300+ pips.
Fig 6- GBP-JPY Hrly chart for from 09-15 Jan 2013 showing profit of 300+ pips.
As seen from the screenshots, this system is not a Holy Grail of trading, as a matter of fact, there isn’t any Holy Grail of trading strategy anywhere. Every system has profitable and losing trades. But as seen above, in this strategy, the profit from the profitable trades is cumulatively greater than the losses from the losing trades.
As a guide, I have observed that there are at least 2-3 profitable day trades in any given week(50-60 pips per trade using 5 min chart), 2-3 profitable swing trades available in a month(200-300 pips per trade using 1 hour chart) and 1-2 profitable long term trades in any given year(around 1000 pips per trade using daily charts). Using sound money management plan you can achieve return of 50-100% per year on your equity.
Thanks for taking time out to read this article.
Hope I have been able to add a little bit to your knowledge and wish all of you Good Luck in your trading!
I backtested against 10 years EURUSD and it was profitable. win rate was around 43% at 1:1.5, 213 trades with an average win of 118 pips. USDJPY was profitable but only just win rate of 30%
This is one of few strategies that actually backtested well over 10 years on Daily chart. 95% percent of strategies I see online dont come close so thanks. Not to say it will work in live but definalety something to look into.
It has also changed my view on moving averages at least for now.

KISS Traders.
A KISS trader realizes that the most profitable trades are often those that are the simplest to spot. This type of stock trader recognizes that despite its simplicity, it is the smartest type of trade because it produces the greatest profits.
KISS is an acronym for the design principle "Keep it simple, Stupid!"
The stock trader who adheres to this principle must be aware that it does not mean throwing out all the technical analysis and indicators but to simply (as it says) keep it simple.
Occam's Razor states that one should make no more assumptions than needed. Put into everyday language, it says, “The simplest explanation is the best”.
The principle is often expressed as “Entia non sunt multiplicanda praeter necessitatem”, or "Entities should not be multiplied beyond necessity".
This principle can be applied to nearly every facet of life and trading, and is positively correlated with experience. The more you know about any subject, the quicker you will be able to find elegant and simple solutions.
A KISS trader, therefore, applies the KISS principle to the world of trading and investing. Complicated trading strategies and technical analysis, although sometimes psychologically appealing, can be very counterproductive to the bottom line. As in most things in life, simple is truly better when it comes to trading strategies.
Bear in mind that a strategy is not just about entry points. A good trading strategy includes multiple things such as what and when to buy, where to place stop loss orders and when to take profits, risk management, position sizing, expectancy, etc. A KISS trader usually has good discipline in regard to selection and application.
An example of a simple trade by a KISS trader.
Apple Inc. (Nasdaq: AAPL) - Hourly chart . As you can see from the hourly chart below, this stock trends very nicely. By simply focusing on price action, support and resistance levels, volume, trend lines and chart patterns, it is quite easy to trade this stock profitably.
Prior to this chart there was a breakout to the upside, then a reversal bounce following, which would have provided an earlier excellent point to enter this stock. By using simple deduction and analysis it is easy to locate a low risk entry point for this stock. This chart provides a trade that can last for several months. The exit point was signaled after a trend line break as outlined on the chart.
Different opinions help a KISS trader.
Markets are made because people have different opinions. This is how it should be. If everyone thought the same way, believed the same things - there would be no markets. For example, in the futures markets (basically a zero sum game - but not quite), for every buyer there is a seller. This means that KISS traders are trading their beliefs against the beliefs of those who disagree with them. They know that, as KISS traders, their beliefs are correct if their position is making money.
What is correct? Who is correct? The answer is simple. The markets are correct. If KISS traders are underwater in their positions and in the hold and hope mode, they are not listening to the markets.
The answer is simple for a KISS trader.
A KISS trader learns to respond, rather than react. If price is going up, it is going up and that is that. Go with it and continue with it until it stops going up. If price is going down, go with it until it stops going down, according to the direction of the adopted trading strategy - such as put options.
A professional trader is constantly learning and testing new trading techniques. A good lesson is that the more sophisticated the techniques, the worse the results may be. Using complex fundamental analysis, quantitative algorithms, and many varying technical indicators all at once in their trading methods usually ends with the same result - losing money!
This is where KISS traders usually have the advantage and the most profitable trades, as they have the ability to spot the simplest trades.

Kiss forex trading strategy

Top 5 forex trading indicators Forex java app Diagramme forex Expert advisor for mt4 Tutorial on online forex trading Today I'd like to discuss a topic that is highly pervasive amongst Forex traders. Many traders think that Forex trading needs to be complex. They have multiple indicators with arrows and lines pointing every which way, taking over the charts. They think for something to be good, it needs to be complex. simple trading strategy The acronym K. I.S. S. stands for Keep It Simple Stupid. This acronym is as applicable to the field of Forex trading as it is to any. 'Keeping it simple' in regards to your Forex trading means keeping all aspects of your Forex trading simple, from the way you think about price movement to. sportstrakker Trading in the Forex market involves a strong mindset in being.
City forex foreign exchange services.
Here are the top 10 option concepts you should understand before making your first real trade:

KISS Scalping Trading Strategy.
KISS Scalping Trading Strategy.
I find scalping to work well to snag 3-10 PIP profits well in a trending market. The EUR/USD, EUR/JPY &USD/JPY pairs seem to work best for me in my short tem trading strategy.
Since you are placing trades quickly in a trending market you need to not over complicate it I find just pre anaylze the charts to find best pairs trending.
In all my trades I have been using the ATR to est. max potential PIP profit depending on timeframe of trade Min. vs. Hours etc. and I use the BB (bands) and Apiary Pivots indicators as I'm a visual/intuiative type person, but understand the #'s to anaylyze Risk vs. Rewards potential.
The timeframes and markets I find to work well to scalp are in the Asian, UK & US during 1st few hours of opening & closing (utilizing the Banker Close if possible) as they seem to offer better trending opportunites to scalp for me.
First I look for confirmation of the price action & trending in the pairs markets on the 4 HR - 15 Min - 5 Min charts. I trade using the 1 Min chart since its shows actual current trending movement to scalp.
I keep lot sizes to .05-.07 and T/P 5-10 +PIPS. I try to put S/L at time of trade, but if theres a fast run taking place I place the trade & go back adding S/L usually in this scenerio at point where already at + 3-5 PIPS guaranteed. If in consolidation, (sideway movement) an a slow moving market I allow my trade room to move setting S/L 5 -10 PIPS.
However, if the market is trending but, jumping up & down every 1 - 2 candlesticks in the 1 Min chart but, the 5 Min & 15 Min chart previously confirmed direction of my trade, I will move S/L out to allow trade room to grow as anticipated. Same with T/P if I see a run is happening I will raise my T/P a lot moving the S/L up to protect 3-5 PIPS guarantee profit. If I feel a reversal is going to continue I will close the trade maually if need to minimize loss to 10 or less.
As long as I'm monitoring the trades this adjustment on a trade has helped me keep Win:Loss 79:21 over last 41 days. I do this if feel trend is still happening but, a temp change in direction that with a 5 -10 S/L will close me out to soon. 80% of the time my intuition has been right. If I get multiple losses in a row I walk away - come back relook at the pairs 5 Min - 15 Min - 1 Hr chart at this point. If appears to have changed I look for another pair or stop trading for awhile.
I'm not a revenge trader at all (^_^)
If I see its changes to a very fast trend (generally I trade Bull-upward trends) I will go in and raise T/P, raise S/L to secure 3+ PIP profit & add a Trailing stop at that point. By doing this in a fast moving market I have managed to snag 10- 20 PIP on a scalp at times average 3-6 PIPS when adding trailing stop.
This strategy requires constant monitoring for a few hours but, I have made 100+ PIPS in a day (highest 294 PIPS when made 50 PIP req. & 3 25 PIP trades in Silver 2).
Since in Apiary 40 days have had 36 profitable days, averaging 115 -125 trades a week with a day high of 42 trades.
My Win:Loss is currently at 79:21 using this strategy over 40 days & been as high as 85:15 (^_^)
I had saved this requirement on Silver 3 for last trying to figure how to write out what I'm doing.
Once I started writing it actually proved to be helpful to my self evaluation and trading goals (^_^)
That's awesome!! Keep up the great work!!
Awesome Win/Loss numbers!
I am too new to even comment but WOW that sounds like you are doing great. Thanks for sharing.
Awesome scalping results. Congratulations! By placing more than one trade at a time you have the chance of scalping and also to let the other trades to run profit. You can achieve that when you constantly monitor your trades.
Sometimes in a fast trending momentum moving market I quickly place multiple trades after seeing at least 2 trending bars creating a breakout move up or down, but, I have best luck in up trends.
I at times to catch the fast trend place the trades with 10+ PIPS TP.& go back immediately putting my S/L & usally if trending fast put S/L.
at min. 3+ PIPS profit guarantee adding trailing stop. I try not to have more than 2 -3 markets watching but, if opportunities are there will take them (^_^)
Just an FYI. I have learned not to place more than 3-5 trades in very fast moving market as the only time I been bit in the behind was having way to many trades (14 also, some where from trying to get the 50 PIP win in Silver 2) open & got hit with a sharp declining nasty reversal URRRR .
Never took more than 1.18% per trade risk loss that day I got shut out as the 14 hit 5% fund risk :-(
On the bright side I definitely LEARNED from the ouchy experience. Brushed it off and knew just needed to hit the market next day with extremely focus making up the lost -180 + PIPS & $250 + profit lost as had account up to $10,300 + in 1st week of Silver 1.
No worries as I was able to get my fund back from $10.048 to $10,150 + next day earning 120 + (^_^)
However, Iam happy to say even when I took that nasty hit I still remained positive with total earned $ & PIPS since Silver 1!
Again, Lesson learned BIG times, do NOT put to many trade in place on a fast moving market as it can at anytime pull a nasty reversal UGH LOL (^_^)
Happy learning & trading to all (^_^) On wards & Upwards everyday!
Although you and I approach the markets with slightly different perspectives (since I primarily trade ranges), our scalping styles share some commonalities: 1) smaller targets; 2) multiple, parallel trades; 3) focus on trade management; and 4) similar win-rates. :D.
One key difference is that I have no preference for trading in faster markets. Although I have no problem trading in those conditions (and have made lots of pips from them), I've found that I frequently can make at least as many pips even in slower market conditions--provided those market have the right market structure, minimum volatility, and PA.
It's good that you that you've experienced the "joy" of the 5% sting early on, because you also learned early on that you can recover from that quickly too.
Always like hearing success stories form the hive. Congrats Aneetlook-Faith on your scalping skills.
I do trade in slow moving and consolidating markets but, I find to capture my best profit & risk management results I must monitor short term trades to react should a trade take a drastic reversal (which I learned after taking a few big losses 1.18%) weeks ago - was up to 294 PIPS earned that day & lost 190 PIPS on a few trades that became a run away train :-( eek! However, I still managed to close day with positive +100 PIPS after monitored trades that kept moving S/L when should have just taken the loss at - 10 PIPS OOPS (^_^)
I find scalping in a consolidating market is possible with its bouncy effect as I call it LOL, but key is low volatility & smaller spreads allowing me to still be profitable.
TU for the feedback & yes getting 5% hit was an eye opener and surely do not want to have happen again. I found I had to take a loss even if I felt was going rebound vs. letting 1 or 2 run to long! That happened when I was very new 4 weeks trading with 90:10 W/L.
Had to accept will drop W/L a bit lower now at 79:21 but, better to control risk management over the long haul right (^_^)
TU webdude2000 & zubinmistry77.
Can't wait for 2 wk trading requirement hopefully by Friday or Sunday it will be satisfied to complete Silver 3 to move to Gold 1 in 41 days (^_^)
"I find scalping in a consolidating market is possible with its bouncy effect as I call it LOL, but key is low volatility & smaller spreads allowing me to still be profitable."
As long as the current volatility is sufficient to overcome the spread, I don't care about the size of the spread. Some of my favorite pairs have moderate spreads, and metals (which we presently can't trade via Apiary) have HUGE spreads. I comfortably scalp them too. :)
BTW, that bouncy effect can be even more fun when the PA also is spiky and fast. :) For an example of this, check out E/CHF off M1 periodically. It periodically will move via spiky up - or down-channels; trend traders can trade that as a trend; we range traders, of course, trade as many of the bounces/spikes as we can. =)
grr . . . don't know how that happened. :/
thanks for your post - I intend to look closer at market openings for scalping opportunities. happy trading and congrats in your success.
TU 2hakchinoy for the valuable input (^_^)
Yeah made it just now into Gold 1 at 41 days in Bee Line (21 in Silver 1-3)
WOO HOO - Now the serious fun begins (^_^)
WOW! 41 Days to Gold One.. I optimistically anticipated similar, but NO. I spent that long in Silver. I'm looking at your scalping strategy to see if I can improve mine. It seems that we have similar strategies, but you're having a great deal more success than I am. I still haven't gotten controlling stops down and keep exiting at the most inopportune times. Ha!
Keep up your success; I'm watching.
Since I am monitoring my trades I will adjust S/L if feel trend is still happening but, a temp change in direction that with a 5 -10 S/L will close me out to soon. 80% of the time my institution has been right.
"However, if the market is trending but, jumping up & down every 1 - 2 candlesticks in the 1 Min chart but, the 5 Min & 15 Min chart previously confirmed direction of my trade, I will move S/L out to allow trade room to grow as anticipated. This monitored tactic helps keep my losses down. Same with T/P if I see a run is happening I will raise my T/P a lot moving the S/L up to protect 3-5 PIPS guarantee profit. If I feel a reversal is going to continue I will close the trade maually if need to minimize loss to 10 or less."
Sounds like you've got it nailed. I do pretty much the same thing, however I hate getting on the wrong side of a multiple trade. Very costly. I can't get out fast enough.
". ..I hate getting on the wrong side of a multiple trade. Very costly. I can't get out fast enough."
You have several options; I'll briefly mention 2 of them. You could click the close all trades button to close out if price goes "far enough" against your position trade. Another option is to trail your stops for each leg.
It seems that many pairs turn at the same time. It is a great idea to use "close all" button.
In a Gold 2 Bee (total in Apiary 59 days)
I made it to Gold 2 Pre Funded account working thru the night & with a lot of determination staying on track heading to my goal Gold 3 by early May. (^_^)
Very proud of myself from recovering after a mega oops on 3/29 by placeing over 200 trades since Sun., 100 + in 1 day to turn around loss of 3 requirements, should have made Gold 2 on Fri., 3/31 but, still only was 18 days in Gold 1, 59 days total to Gold 2 (^_^)
End goal Gold 3/Funded account in 90 days! It's very doable - Happy Trading keep focused.
Aneetlook-Faith congratulations. Determination and focus. You, madam, are a winner!
Way to go! Congratulations.
Tu everyone you all have been s big help to my path & goal to be at GOLD 3 - Funded account by May 2017 (^_^)
FYI - I had already a month ago completed all marked requirements & today forum posts if wonder why all marked completed since 1 1/2 he in Gold 2 (^_^)
well done on achieving gold 2, hoping to get there soon.
how did you manage you positive expectancy?
I had it 1st 12 days w/l 78/22 but, lost it on day 13 after building fund to $10,250 shot down to $0650 (lost 560 pips with mega oops eek was devastating but, went into Silver on 3/29 to keep trading till Gold 1 re-opended after 8pm on 29th its not really 24 hrs I learned if risk kicks you out before 8pm!)
So, I set out to rebuild fund/loss quickly goal was to still move to Gold 2 by Wed. 4/5. I knew had to get 80 wins $43.50 average & 20 small losses less than $2 to remove the nasty loses on 3/29 to reverse no loss greater than 2%, average win greater than average loss (last 50 wins/50 losses) & get expectancy back to positive from -$3.74 on 3/29 ouch!
It was just a process and kept scalping for small wins & very small losses over the next 200 trades.
Well done. I have spent too much time on long term charts and recently have changed to short term trader. Must take advantage of some of these tight spreads. When I started trading, EURUSD was 3 pips, GBPUSD spread was 4-5 pips. It was impossible to be a scalper. Today EURUSD is 0.1 pips!
I trade using 1 min. but look at 5m - 15m -4hr to see how pairs been behaving LOL.
I can get larger wins 10-50 but, 90 % of my wins & in Gold 1 at 72/18 W/L was scalping (^_^)
Sometimes I found being to analytical cost me many opportunities so, I using just jump in & out as quick as possible.
If a pair starts a run I have been able to score 20-40 wins 3-6 PIPS quickly.
Its the trading strategy that has been working best for me the last 59 days since joined Apiary Funds.
Thank you for a very instructive lesson.
That's great Anee, thanks for the info .
We fellow Bees need to stick together right (^_^_)
Has helped me from day 1 reading others posts on any topic!
Great job Anne and congrats. I love your strategy of using multiple time frames and going "with the flow" rather than fight the current. Markets move faster when moving in thier current direction, rather than corrections. I also use multiple time frames. I am not sideways markets and have found that this is my downfall. Thanks for your advice and inspiration.
Have you used one click trading for scalping?
Pre-set the stop loss at 3-5 pips and TP at 10.
It is then easy to place multiple trades and catch a fast move such as Bankers Close.
All can be closed at once by clicking the top red cross on Alveo.
Congratulations on Gold 2.
Great Post, question though, did you have to wait a week before you were able to get a Risk Managers review.
I just made Gold 1 today have made 45 trades and am up $100 on the account, scalping. Trading mostly XAU/USD. Hak indicated that we are not able to trade metals earlier in this post but I have been able to trade both Gold and Silver against the USD.
Congratulations on Gold 2, Aneetlook-Faith. You are very inspiring.
I saw those 2 new symbols with X was not sure what they were exactly.
I put in request for support risk review at end of 1st wrk with 59-60 trades showing.
Got response & signed off within 2 days notified via & checked off on bee line.
I read about one click had not fully looked into it but, will now. TU.
Thanks for Sharing. I read it a couple of times. I am doing something similar shorting at top of bollinger band and buying at lower end of the bollinger bands provided it is supported by MACD, RSI Indicator at +70 for short and less than 30 for buy, 50 day moving average for trend and Stochastic. I too have been hit by nasty reversals. I am thinking of buying from the middle of the bollinger bands when it is going down or up to benefit from breakout. Truly requires a lot of focus and attention. Constant monitoring is required to succeed.
Thanks for sharing your scalping strategy.
This is very interesting reading about your successes with scalping and I am thinking of doing this more. I often pick up 5 pips, but then find the my losers go to 8 pips, which means that the average win to average loss ratio is too small. How do you guard against this problem? Of course I could set SL at 4-5 pips, but would the expect to be stopped out too often.
Yes that is the biggest challenge. To avoid early stop out if trend is moving steady but, bouncing a bit I set S/L at 10-15 moving it up as trade turns positive to lock in a min. 3 pip gain on lots .04-.05. It requires constant monitoring and sometimes if moving fast I manually close out even if hasn't hit my T/P to make sure have at least $1 plus win.
I am new. You say your level is gold-2. How do you find your level.
Ken your level is the medal you have so you are cooper II. On the Home page you see all requirements needed to fullfill in order to get to next medal ( level )
Aneetlook-Faith, congratulations on your progress! Keep it up - you are an inspiration (and the '^-^' is cute).
Question for you, it has been two months since you started this conversation thread. Has your scalping technique changed much?
Also, do you have any long-term or overnight strategies? Just curious, it appears that you may get enough pips from your scalping as it is.
Great post and feedback keep up the good work!
Hi and yes still using scalping but, have had to adjust slightly in Gold 2. Flew thru 1st 11 levels in 59 days with no problems. But, in Gold 2 working with $1k account had a few setbacks when was at 22 days and only needing positive expectancy req. than had a few ouches :-(
Longest been in any level 43 days EEK - but, happy to say have expectancy down to - 09 so, hoping to get out of Gold 2 by next week still under 120 days total, not my goal of 90-100 days but, still be fine!
I don't do O/N trades prefer hand on trading. Best to all (^_^)
Thank you for sharing your strategy and your experience. This is certainly very interesting and inspiring.
By the way, did you require 43+ days at Gold 2 because this level is so difficult or was it because you had something else going on?
I need an high probability scalping strategy and intend to trying this.
Hi Aneetlook-Faith. I have a question for you or anybody here that could provide some in-depth information about the bankers close. It sounds very general term to me and i don't quite understand how we can spot a bank's closing time or activity on a chart?
As we all propably know (and this is the art of trading and chalenge..) everything has to do about timing the markets.
Proper good entries and exits at the right timing is a must in trading if anyone wants to succeed in this journy.
So as we re refering to trade the bankers close what exactly we mean and how (what criteria we use ) to time the markets ?
How anyone can be sure that the banks are closing their orders as we re watching the charts and that is their own activity?
You will encounter the Banker's Close strategy in Silver III.
If you just cannot wait, here's a link to the lesson about it:
Let me suggest also that when you have a question like that, go to the forum and search! I have seen conversation threads in the forum on Banker's Close. There is a lot of information out there. It will be a handicap to you if you expect that you can ask unrelated questions in a conversation thread - sometimes questions are ignored when they are not "on topic". So find a good place to get your answer!
Also, you can send an to supportapiaryfund for help (I see that you are in Greece, so calling Support may not be convenient).
treat it like a business and it will pay you like a business.
At 22 days in Gold 2 was close to completing than took a few hits taking my expectancy to -2.4 has taken weeks to get it down to -.09-.-11. Moves very slow having to do small lots due to $1k fund size. I will get out of it soon but, will say been my biggest challenge in beeline (^_^) Luck to all (^_^)
Congrats to Anee and thanks for sharing your ups&downs. We all have them and need to keep at it to succeed. I have been scalping all along and agree that it has to be monitored as I have been bit a few times overnight trading.
I follow the Bollinger, RSI and ApiaryPivots closely and find it fairly accurate. I want to do the Bankers Close next.
I had achieved Gold-2 just a while ago.
I've been scalping 5 to 10 pips per trade most of the time from the very beginning until completing Gold 1.
So I guess the adjustment I need to do in Gold2 is just the lot size.
I will just be placing 0.01 or 0.02 per trade, and the rest of the set-up is the same.
This time I will focus on pips gained instead of profit.
Keep on pippin! the paycheck is in sight.
For setting stop loss/take profit targets automatically on every order you can set global variables in Alveo.
Thanx for info (^_^)
I want to thank you for sharing your experience. I have learned a lot in Gold II, but at times I have been very frustrated. you know up, down, up, down and so on.
I am short-term trend trading on a 15 min chart and two things I have learned in Gold II is 1. Use Apiary Pivots as an exit; and, 2. Selecting which pair or pairs to trade makes all the difference.
Thanks again and happy trading.
You must be using a razor sharp knife for your scalping;)
Well done this is awesome!
Great job, I enjoyed your post and detail shows me I still need some work on my trades Thanks.
That sounds like you have your strategy and its working for you! That's great! Keep it up! I can't wait to get to gold and then get funded! I have a strategy and I'm finally starting to stick with it! I will be there soon! Can't wait! Seeing everyone make it and progress keeps me motivated!
Yes Trini Gold 2 & 1379 trades in 83 day (been a tuff road vs 11 levels in 59 days!), but, I'm on the edge to get to funded any day!
I look now at the individual charts to find pair going in total STRONG opposite directions. It is helping alot to have better wins (^_^)
Faith: You may want to check out the Currency Strength Indicator mentioned by jrh.
Good luck - I just got funded last week.
Thanks mgt7 will check out the Currency Strength Indicator. Congratulations on your achieving funding.
mgt7 congratulations on your achievement. That's so awesome! I expect we'll be hearing all sorts of good reports coming from you!
Excellent Aneetlook-Faith. You inspire the rest of us.
Yes I use that one too and signed up for the free Thing's they offer. Good info indeed (^_^)
Similar trading styles with dis similar results.
Where have we heard that before ? :)
I achieved Gold 3 last Monday (3rd July) or within 17 trading days.
I've been scalping 5 to 10 pips per trade most of the time from the very beginning until completing Gold 1.
So the adjustment I did in Gold2 was just the lot size.
I placed $0.01 for 10-20 pips TP and $0.02 per trade for 6-9 pips TP, and the rest of the set-up was the same.
And it worked well for me.
Just qualified Silver 2 and have been highly successful by scalping 3 to 10 pips, I am changing my focus to scalping for a while. I have set stop loss at a 3 pip reward on trades that I feel can go further and are more intermediate type trades but the majority take the stop.
Either way My winners are growing and only my profit is smaller but quickly add up to a fair reward.
Thanks for your insight.
I don't do much scalping, I get too frustrated too easily. I try to do more swing trades with a longer time horizon. It's less frustrating for me.
Great thank you all for your input and help.
I have done around 450 trades and i am 1/2 way into Gold 2. Don't feel like you need to place 1K trades to get there. So many ways to accomplish the same thing. Remember the more trades the more commissions. Not to much of an issue with apiary but I also trade futures and those transaction cost can add up really quickly. Keep on pipping.
YEAH Just made Apiary Fund Beeline Hive Level GOLD 3.
I flew thru levels 1-11 in 59 days, but, was a struggle with 1k account in Gold 3 - 1510 trades & 93 days(159 total days to Gold 3)
SO HAPPY - I learned a lot & am now a Gold 3 FUNDED BEE.
Your funded account is now unlocked and you can begin trading it at your convenience.
Even though you are funded and have been making money in your prefund account as well, there is more available.
From now on, you’ll be trading a live account with the possibility of larger and larger profit checks every month. But don’t stop here, it’s time to master on consistency and performance - the mark of a true trader!
Now it's time to hone your trading skills to a precision point and work yourself into a larger trading account. Trade more money - make more money.
Remember, a happy hive's a buzz'y hive… so let's roll up the sleeves and keep trading!
Apiary Investment Fund.
Congratulations Faith. You have shown the rest of us how fast you can accomplish the beeline. I have been involved for 6 months and am at Silver II, working to move up to the next level. Hard to scalp when you work from 5 am to 3 pm Mountain time. I seem to miss the good scalping time. See all you Bees at the Summit in August.
Funny Gold 2 was a mental challenge being in it 1510 trades 93 days vs. 1 -11 in only 59 days -
Silver was only 18 days yet many said was hardest.
I found Gold 2 to be hardest - but I'm FUNDED YEAH.
I do find best trading is 8am. - 12pm EST but, sometimes find other times to grab wins (^_^)
Awe-inspiring magnificent work Faith.
Thanks for sharing.
Congratulations Faith, very inspirational!
Congratulations on being funded Faith. I can't wait to join you.
The most difficult for me to accomplish were the Silver levels. It took me 949 trades to complete Silver 1 to 3 within 78 days.
But then I did just 171 trades to complete Gold 1 within 21 days, and then 247 trades to complete Gold-2 within 23 days.
The secret is CUT SHORT the losing trades and LET the WINNERS run!
Once you have a TRADING SYSTEM that works well for you, the rest of the achievements are easier to accomplish.
ONLY if you TRADE according to your TRADING YOUR SYSTEM .
So ALWAYS practice TRADING according to YOUR OWN TRADING SYSTEM .
Thanks for sharing. I have just entered Gold 2, and like you I have hopes to get to Gold 3 in the 4 weeks or 20 trading days, that said I realize it's a challenge as we enter a low volatility market in August Summer holidays, Am looking to the Yen pairs for action.
I aim to screen share my day to day results in this account win or lose, so those who are looking to join Gold 2 soon, so one can see more of what to expect when trading with $1k.
I agree, having this community, sharing our insights, our winners and losers is invaluable in this what can be a very isolating vocation.
Just keep lots .94 or less & losses small in Gold 2 & you can get done quicker. I was very close at 28 days than had a few big losses trying to force a bad trading day. Cost me dearly but, I made it out (^_^)
You mentioned long days. Can I ask what times do you trade? i. e. in local or GMT.
I'm finding that I miss some real opportunities if I'm not on the charts by 4:30 - 5:30 AM EST ((09:30 - 10:30 GMT).
Also, how do you manage consolidation ranges v. trends? Am I correct in understanding you start by finding markets that are trending and trade them for the day, as opposed to only trading certain pairs?
You are a true inspiration for the rest of us.
I trade heaviest if opportunities are available 8am-12pm EST (UK & US market). I will continue to trade if enough activity till 5 as have time.
I try not to trade during long consolidations but, have gotten stuck in a few here & there working to get out with small loss or even take a small win till a trend develops again.
Yes I check the individual currencies here (2nd chart down lets you look at 1 min - 4 hr selecting currencies want to see on chart)
ALWAYS before deciding which pair(s) to trade showing both moving strongly in OPPOSITE directions.
Example today USD was in a Bull trend & JPY was in a Bear trend. So, that's the pair I've been trading most of day. I did try the EUR/JPY as EUR was in Bull trend but not as strong as USD so, left it after a few trades that took forever to complete.
This chart helps one determine WHICH pairs are moving strongest in opposite directions.
The problem with looking at only the pair charts is your getting a partial picture.
Would you trade stock on Ford looking at GMC's chart?
It helps a lot to look at EACH INDIVIDUAL currency than look at pair chosen to see if it jives with what seeing on individual charts as to which pair is moving steadily in opposite directions.
Do you still get curves thrown at you - you bet its the market & the lady has her own mine LOL.
Sometimes it may take 15 - 30 mins to have trade move in direction individual charts are showing the trend. is on the 5 min. I found it helped me a lot just an FYI (^_^)
Also, on prior post meant keep lot size .03-.04 max in Gold 2. Many suggest .01-.02 which may be faster/safer way to get through.
Gold 2. My challenge was once I took some 2% losses ($13-$20) if I used .01-.02 it was going take me forever to rebuild so, kept lots at .03-.04.
Happy trading to all & above all keep a positive outlook even when it seems bleek on disasters days!
A favorite quote by Zig Ziglar"
"If you don't like the outlook, Try the UP LOOK!"
Personal I love scalp trading strategy on 1 minute time. It help me to stay on track with my trade strategy. It give me confidence in my trading.
I personally follow trends.
Thanks for sharing. I just made Gold 1.
Thank you so much for sharing your story Faith, I am happy you stuck with your trading plan.
I personally like trading tops and bottoms, looking for a reversal. The risk is the lowest if techs confirm and the potential swing is the greatest.
Thanks for sharing your results.
Trading is certainly a hit and miss. I guess one of the most important issues in being a successful trading is having strong instincts on when you are in a trend or a range bond market. So often you must wait for the range to complete before market commits to directing and be quick enough observant enough at that moment to catch the move. After all charts are much more easy to read after they complete (looking in the past) which doesn't help you. Seeing the trend develop at the beginning is the skill.
Just food for thoughrt.
I believe, until your account is substantial, that you almost need to trade short term, as whipsawing without wide stops becomes a major obstacle to a successful trade even in the best of entries.
I agree 100% Richard. Charts show past happenings which an change in a blink of the eye as we have all I'm sure seen/felt (^_^)
Great Scalping Strategy!
Great Strategy. Really good numbers.
Thank you for sharing this very detailed and practical strategy, Aneetlook-Faith. I should have read your post 3 days ago. It's very helpful for Gold 2.
Sounds like a very promising strategy! Keep up the great work!
WOW AND CONGRATS.
i'VE BEEN PLUGING ALONG SINCE NOV. FINAL MADE GOLD 1.
I was thinking about throwing in the towel but after reading about your success and strategy I'm going to work a couple 100 trades in a simulated account before trying it in gold.
I had a nice win the last day on Silver III after writing a Trading Plan and a Trading Strategy. I followed my EMA/SMA Crossing Strategy (posted in Strategies and Resources) on a succession of moving pairs and made my Trading Plan target of +100p and 1% profit for the day!
Riding the currents of that big (for me) win on Silver III, I expected to immediately do well on Gold I with even bigger numbers (of pips and profits) but I bombed in grand fashion.
I had to stop trading and review my Trading behavior.
I devised a recovery plan, which I am following now to get back to good trading practices.
Happy and consistent trading to all you Bees.
Looks nice - have to check it.
Just made it to Gold II. Completed all requirements of Gold I in two days, but for the 3 trades for 3 weeks. Unnecessarily did more trades and a couple of bad ones(trigger happy) and overconfidence combined set me back by being stopped for exceeding $500 loss!
Learnt a lesson, got back the focus, reined in overconfidence and recovered in 5 days( of course Lady Luck was on my side!). Biggest lesson learnt was, follow your trading plan and rules without any exceptions and NOT (rpt) NOT to let losing trades run too far and hedge with opposite trades with the hope of slowly working on both positions to reduce loss. Too risky and takes tremendous efforts and time with all the tension it creates. Determined to be disciplined and complete Gold II without any hitch. By the way I do my best to scalp withe the same 3 pairs(EUR/USD, USD/GPY & EUR/GPY) from 8 am to 10 pm EST throughout the day with breaks. I am retired and have all the time in the world!!
Sita: Congratulations on Gold II.
I had to stop, slow down and review my trading practices, too.
Slow and steady wins the race!
Interesting stuff! Coincidentally our trading strategy is very similar. I trade the Asian (usd/jpy) and NY(eur/usd) open only. I have learned that being conservative about when I trade is the most important aspect of me being consistently successful. Thanks for sharing.
Congrats. Those are good numbers.
Thanks for the index link. Its really good to know a pairs strength in relation to other currencies. This way one can choose a strong currency against the weakest one. This will help a lot. : )
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