Melchizedek

I like to make the most of my money; do you?

Short
Melchizedek Updated   
OANDA:EURGBP   Euro / British Pound
If you understand how to scale-into a Trade, by earning profits until you can buy another lot with those earned profits, then another and another, all from the beginning investment of 1 lot margin requirement, then you know how to milk everything you can from a trade. But it really helps to have a trade that lasts 30 to 90 days, and it really really helps if you what the price will be at the end, and the date it will end. Are all those things possible? Consider this potential trade: EUR GBP...

No, those are not Gann fans, nor are they Fibonacci Fans. They are "Light Beams" coming from a past focal point, and a future one.


Enjoy, and Happy New Year!



Comments are welcome!
Comment:
If you don't think this can work, here is an $8,800 (on original margin for 1 lot) Trade that just ended.

Comment:
The further back you look, the more precise the Price Forecast, and the FINER you make the lines, the more Mini-Trends you will see POINTING to the next Price Extreme, and Date. I fully expect to be Stopped out as I scale-into the maturity date, but as soon as every pullback that STOPS me is over, I'll be right back in. If you are not experienced in scaling in, be more conservative than me. I'm looking at 28 potential STD LOTS when I exit this trade, beginning with 1 STD LOT for 100,000 and $5,818 Margin and earning every additional lot in the Trade. Choose your entry carefully.
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