The reason why I boldly claim that ” Making Consistent Profits From Trading Forex Online Is Indeed Simple ” on my blog’s header is because :

” It Is Really Simple ….( when You know how ) ”

The basic elements needed from You or anyone ( whom are still seeking ways to succeed with forex trading ) is simply to understand 4 proven aspects….which I would be sharing below.

Majority of the traders who are ” still ” not making Consistent Profits from their trading is only concerned about looking for the ” Magic System or Holy-Grail ” in forex trading.

And they happily forgo the importance of using Good Money Management, Risk/Reward ratio …..and more critically - Be Consistent !

Any traders who bother to take into account each aspects of these 4 elements before entering into a position ….has already PUT ALL ODDS ON HIS/HER SIDE…

With that…..it is hard NOT to make any profits month after month ! * SMile *

” Wait Aaron…..you mean it is hard NOT to make any profits month after month ? You sure ? Hyping Up is it….? Are you running a fever today and not talking right ? ”

YES !

….I shall repeat it again…..it is hard NOT to make any profits month after month if  YOU bother to understand and PRACTICE 4 Critical Elements each time you trade.

And I called them the ” Proven Winning Forex Trading Strategies Of All Time !”

Read on below as I reveal and explain each of them in details for you ..

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1st Winning Element :

A Forex Trading Strategy Of At Least 60% Winning Rate

Yes….You’re hearing it right.

Don’t need 100% or even 90% …..not even 80% or 70%….but just 60% success rate would do You GOOD in the long run.

Unless you are a total newbie and have not even trade on a Demo account before…

Then I am sure you probably have at least WON once or twice….and profited some nice Pips.

It can be 10 Pips….30 Pips….or even 100 Pips at least.

Well wait !!….I am not talking about those trades where you anyhow guess or simply gamble your way through based on wild guess and luck.

If you do it that way…then those trades are not consider Winning trade because it is GAMBLING and not based on ANY proven system.

What I talking about here is that -  You actually try using a proven system ( which can be simple moving averages or just based on high probability patterns…etc ) and hit your ” Take - Profit ” target.

When you have WON at least once this way…then you already have in your arsenal a strategy that is at least 60% accurate I am sure.

The main obstacle you have to overcome with any strategy is whether can you be consistent with it and ” filter “ off the false signal or not…

Let me share with you a simple strategy here which can easily achieve 60% success rate as example ….

With this strategy, I will be using just ONE technical indicator called the Bollinger Band - Very common and easily to use indicator, good too.

In most of the latest forex trading platform, this Bollinger Band is most often available ….so no problem at all.

Basically with a Bollinger Band - There will be 3 lines forming a upper and lower band.

When the market is ranging or consolidating…..these 3 lines would be very close together forming a narrow channel.

On the other hand, when the market is trending…..these 3 lines would ” Open ” up wide apart indicating a trend is in place and volatility is high.

So what’s the common and proven way to use this Bollinger Band then ?

Easy….

When the band is tight together……it shows that the price is moving in a range - Meaning the price bounce from the Upper Band to the Lower Band.

So to trade this kind of market condition, simply SELL when the price reach the upper band when it’s turning down…

And simply BUY when the price reach the lower band and starting to turn up…

What about when the 3 lines OPEN up ? How to trade ?

If the 3 lines Open up….forming very wide channel…

It indicates that there’s a TREND in place..

If the price is in the UPPER BAND…….it is often a UP-TREND.

If the price is in the LOWER BAND…..it is often a Down-Trend..

So far very easy to understand right ?

Of course….that’s why I said this is one common and easy trading strategy anyone can use.

However…

By merely knowing whether the market is Ranging or Trending ( as indicated by the Bollinger Band ) is NOT enough to help You nail those precious Pips consistently..

You NEED to know ” WHEN ” to enter into position so that ALL ODDS ARE ON YOUR SIDE !

More importantly…..You need to know ” When ” to get in so that You’re achieving a very GOOD RISK/REWARD ratio each and every time you decide to trade.

With that….what’s coming up next is of course the Good Risk/Reward ratio.

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2nd Winning Element :

Good Risk/Reward ratio

…..What’s a Risk/Reward ratio ….?

If you’re even wondering about this …then it is really lucky for you to be reading this now than regret later. LOL.

Because without understanding and practicing this, it is hard for any trader to consistent make profits every month…

Just as the name implies..

It is the ratio of Risk vs. Reward..

Risk  is ( in term of Pips ) how much you would be losing in a particular trade if your judgement is wrong…

Reward is of course how much you would win with your pre-defined Take-Profit target.

What can be considered a good Risk/Reward ratio then…..( in order to succeed in the long run ) ?

Since the 1st element is to have - A Forex Trading Strategy Of At Least 60% Success Rate..

Then isn’t it logical for me to say that …as long as your Risk/Reward ratio is  1 : 1 ..

You would make money as long as you’re consistent with that.

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Some mathematical example here to explain on this :

With a Risk/Reward ratio of at least  1 : 1 …

Say for each trade, your Risk is 30 Pips

And Reward is 30 Pips..

Having a 60% Accuracy Forex Trading Strategy…

It means out of 10 trades, 6 would be winnings…4 losings.

Winning :  30 x 6 = 180 Pips

Losing :  30 x 4 = 120 Pips

Profits = 180 - 120 = 60 Pips ( spreads taking into account )

With this example….I hope you can also see the importance of using a really Good Risk/Reward ratio for each and every single trade you decide to take.

In fact….for all my trades, I would only be aiming for at least 1 : 1.5

50% more than 1 : 1

Which also means ….if I only maintain at 60% success rate, my profits would be 50% more every month!

Cool isn’t it…

Imagine if you can master using a good Risk/Reward ratio…

And multiplying across 2-3 currency pairs…

Can you now understand how much Pips YOU would be making each time …? * smile *

That’s the absolute power of using a good Risk/Reward …..Proven !

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3rd Winning Element :

Stick Strictly To Sound Money Management Rules

This is a very direct element.

For every trade you take, make sure you do not risk more than 3% of your total capital.

In fact…most traders would say 1-2% is a much safer range though.

But I personally think stretching up to 3% is perfectly fine as long as you already have a 60% accuracy forex trading strategy + good Risk/Reward in place.

Example ..let’s say you are trading with a $10,000 account :

You should not risk more than ( 0.03 x 10,000 = $300 ) each time…

Why the need for such Money Management Rules …? You might be wondering…

The reason is simple….

In any trading, there are NO 100% sure win…

Because it is a game of probability.

There bound to have some losing trades…..

Or ….sometimes there might even be A FEW losing trades in a single row…

Therefore depleting your account of some draw-downs.

That’s why to ensure that you would have ENOUGH capital to fight back again when there are good trading opportunities…

You need to have sufficient capital in the trading account - Even after losing a few trades in a row.

In trading…..we only think of the WORST case scenario….

Of whether do we have enough ” Capital ” ( or bullet ) to fight back again…when it’s appropriate.

What’s good if you have a very good trading strategy….but each time you lose….your account is almost WIPE OUT !

So it is really critical to stick to a good money management rules …….YES….in every trade you decide to take.

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4th Winning Element :

Adhere ” FIRMLY ” To The First 3 Elements ….And Be CONSISTENT !

In other words…..enter a trade only when your proven strategy told you so…( even if the set-up do not occur often….just be patience! )

And always use Good Risk/Reward ratio and sound Money Management …..it is really vital for every traders’ success.

Each and every single trade does matters !

More importantly…..when you are wrong and the trade hit your STOP-LOSS….do not be too affected or feel disappointed.

Don’t be like the many struggling traders who have the intense urge to fight back again thinking that ” THEY CAN”T BE WRONG” this time..

And WORST…..they enter again with even BIGGER LOTS presuming that they WON’T BE WRONG this time and hoping to win even more..

9 out of 10 times…..they would keep losing and losing…and ultimately bursting the entire account…

Simply because they are having a GAMBLING mindset….and literally let emotions and mainly GREED to cloud his logical judgement!

Don’t let that happen to You please !

I was once like that too…..and I know how miserable and de-moralizing it can be to Gamble with big lots and losing the entire account end of day….

Really devastating….

If this kind of common ” Fatal Trap” hasn’t happen to you yet….I really really hope You do not have to even go close to that feeling.

You certainly won’t like it…..I Guarantee ! LOL…

We humans just don’t like to keep losing……it’s natural…

By understanding and practicing these 4 proven elements..

You would be equip with a set of the most Powerful Winning Forex Trading Strategies Of All Time….no doubt about it !

As far as Forex Trading Strategy is concerned….

The ” More Logical ” it is…..the higher would be the success rate.

Which also means more pips ( & profits ) for you and me end of day !

Just like any financial market, the price movements are driven mainly by ” Human Sentiments”…

The 2 major driving forces are :

1) Panic Selling

2) Greedy Buying

When any of these 2 are ” NOT in balance “…

The price would move….. or rather ” Breakout “.

Now …let me explain and illustrate why and how you can apply this technique & benefit from it too below.

Here’s a trade I took on the GBY/JPY pair using this forex trading strategy to share :

When I woke up in the morning  ( to accompany my wife to the market )….

I also took a glimpse at how’s the forex market is doing after a very BULLISH run previously.

Normally I would not trade on a FRI because it can go really crazy and ” Unpredictable “.

For for this situation, I spotted a very nice ” Double TOP ” price pattern that morning.

So instead of going out straight away…

I requested that my wife give me 5 minutes for me to do some trend-line drawing and place my trades…hehe

As you can see from the screen-shot above…

The price ‘ BOUNCE OFF ” the trendline I drawn..& start heading southwards.

” This is really a very nice and perfect set-up to capture some reliable pips ” - I told myself…

Note: This is something that you would want to know too…really.

When the price does ” Bounce Off ” from the trendline….it actually reflects something important.

If you have been trading using ” Price Pattern ” ( just like me ), you would understand it by now too.

Basically when the price Bounce Off….it means one force is stronger here.

For this case would be the ” Sellers’ sentiment is greater “…

Therefore preventing the price from going any higher than the trend-line.

So it goes with the direction which I want to take too - To SELL or SHORT !

After using the ” usual ” Risk/Reward assessment of mine..

I placed an order, a Stop-Loss & a Take Profit target.

This time round, I am NOT aiming for the usual 250 Pips but I am rather ” Conservative “.

I am using the “ earlier lower point support ” ( Point A ) as a reference for my TP.

( Which you can see from the diagram above )

So I decide to set :

- My TP @ 138.55 ( 180 Pips Realistic Target in case the price ONLY range )

- SL at 141.25 ( -90 Pips )

( rather good risk/reward ratio )

- ” SELL ” entry @ 140.55

Here’s the screen-shot of the order to share :

Using this ” Simple Price Pattern ” analysis which took me about 15 minutes…. ( before heading to the market with my wife )

I profited about 180 pips.

Which gave me a nice USD $1844 +.

Although the price continue to plunge further beyond my TP target of 180 Pips…

But it is really important that one keeps to a ” More Realistic ” target ..

Than to set an ” Unrealistic Profit Target ” and then to see the market reverse and hit our SL …..

That’s really a ” OUCH “….& definitely something we can AVOID!

Which is a basic ” Psychological Aspect ” anyone must possess ….if he/she really wants to be a successful trader.

And Make Real Consistent From Trading Forex Every Month….!

Do you possess such psychology?

Do you always KNOW & set a ” Realistic  Price Target ” …..like I do ?

Something to let you ponder perhaps….

Oh ya….

If you also look at the diagram again, you would notice a ” PIN ” formation on the right bottom too..

This kind of ” PIN ” is a very potential REVERSE set-up.

But I did not take that trade because it is FRIDAY and the market would be closing in just a few hours time.

I try not to take any trade during that period nor do I carry my trade past the weekend.

( Any scary news can just drop over the weekend and cause a ” BIG GAP ” on Monday….! )

Furthermore, I am going out with my wife for a friend’s birthday celebration that time…

So it is kind of ” Enough for me this week “….

Total profits for this month as been rather good with over $25,000+ like I mentioned in my earlier post.

If you have not read it…..

=> Here’s the link to share about one powerful strategy to catch massive pips

Alright…

So much for this post on ” Simple Logical Trading Technique Combined With Double Top “.

I hope that ( once again …) you have learnt another great forex trading technique & got enlighten as well.

Thanks for reading this far.

Happy trading, Happy hunting & More Successful Logical ” Explosive ” gains for you too !

If you have ever wonder how you can safely capture the ” Maximum Pips ” during a Massive Breakout..

Then this Forex Trading Strategy is ” one ” that you would be very interested for sure.

This is indeed one very powerful forex trading strategy to attack the market and rake in between 500 - 1000 pips in just one single trade.

I have personally deploy this strategy a few days back on 2 of the yen crosses and it gave me a really good ride on the ” Massive” Profits wave.

Out of the 2 trades I executed..

I shall use one of them to illustrate to you how I scan & set-up this profitable trade.

one of them is the EURJPY & for this….I managed to captured about 700+ Pips…

Which help me grow my account by a nice USD $7844 +

Here’s an outline on how I execute this powerful forex trading strategy and how you can do the same too.

And with this method, you need to open 2 Lots at the same time.

I have included a screen-shot for you to understand better…

This is a trade for ( EUR/JPY ).

As you can see from the picture above…

The formation of ” Good Set-Up For LONG ” is the entry point for my trade.

I confirm this is a good set-up based on my ” usual” price pattern analysis as taught in this forex blog of mine.

( Basically for this set-up, both the Bullish & Bearish candle are about the ” Same Size “…which is also known as the TWEEZER BOTTOM & it is a very good Reversal set-up!)

( AND….they are sitting nicely on the one of the major ” Resistance “ previously )

A very good set-up for a ” Reversal ” I called it….

So what does ” Reversal ” here means to you ?

I see it as a continuation of the UPTREND previously…

And with abit of fundamental analysis, I can tell the market is rather BULLISH too..

So having calculated my Risk/Reward ratio and the critical ” Stop-Loss ” value…

It is a really ideal set-up for me.

I then open 2 ” Lots ” at the same time at the price of 118.36 ( shown on the picture )

- 1st Lot with TP = 250 pips, SL = 117.66

- 2nd Lot with TP = not set , SL = 117.66

( I do not need to set TP for the 2nd Lot because I would be riding the maximum pips throughout until the trend loss the stream ..)

Hope at this point you understand what I’m talking about.

If you don’t….try reading again..

And once I entered the market..

The market keep charging up in an extremely BULLISH way…

To provide me with further confirmation, there is a BULL FLAG along the halfway mark too..

Which is a good sign definitely.

The up trend went up strongly in just a few hours…

….and hit the TP for my 1st lot @ 120.86

For a nice profits of  250 Pips. ( my usual profits target for this pair )

Here’s the screen-shot of the ” 1st Lot ” order to share:

250 Pips Profits = USD $2680+ for the 1st Lot.

The main trick of this forex trading strategy which you need to know is…

When the 1st Lot hit the TP..

You would need to shift the SL of the 2nd Lot to ” BREAK-EVEN ” point. ( remember to add in the spreads too )

So that even if the price were to reverse and hit the SL….you would NOT lose !

But if the price continues to go in the desirable direction….

Your account would be growing happily and make you laughing to the bank .

This is exactly what happen to this trade for the 2nd Lot…

Here’s another screen-shot to help you understand better  :

( After all…a picture is worth more than a thousand words right ! )

Again….from the picture above.

You can see that after the ” BIG BULL FLAG “….

The price still continues to climb and climb…from the opening price 118.36 ( same as Lot 1 )

Upon seeing the ” 2nd BULL FLAG “…

It gives me another firm indication that I can still ” Hold On ” to this LONG position for further Pips ( Profits )..

After that….

The price took a break and range for a few hours forming a nice level ” Support “ ( you can see from the picture too )

When you have been trading for awhile using my price pattern analysis….

You would know that when a price forms a somehow ” level Support “…

It could get tricky with the direction…

Because it shows that the market is uncertain…

Uncertain means I have to get out pretty soon too…*Suspicious Grin*

So when I see that the price actually plunge down and broke that ” Level Support “…

I choose to exit the ” 2nd Lot ” at price of 123.35

Here’s the screen-shot of the order to share :

2nd Lot closed at price of 123.35 ( about 499 Pips )

Total Pips Profits = USD $5163 +

Therefore the total of  ” 1st Lot + 2nd Lot ” = USD $7844 + ( like I mentioned at the start..)

If you notice the ” S/L ” in the screen-shot..

It has been shifted to the break-even point.

This is the trick for this method.

Because the main objective of the 2nd Lot is to ride “ FREELY & SAFELY” for Maximum Pips that the market can give you.

Even if the price do reverse and hit the Stop-Loss…

You and I have nothing to lose right !

However…..

Because we have 2 Lots here….

So if unluckily….we got hit right from the start…

It would mean we would lose 70 x 2 = 140 Pips for our SL.

But comparing the Risk/Reward once again :

Risk / Reward = 140 pips / 750 pips

That’s a ratio of at least 1: 5 !

Ask any trader: ” Is this a good ratio…”

And I dare say ……No-one ( in the right mind ) would disagree…keke.

Of cause…

In order to get this kind of  good Risk/Reward ratio…

The ” Ideal ” set-up must be there too..

Although this kind of set-up do not occur daily…

But from my own observations…

It does happen at least ” Once ” weekly….

( That’s provided ….you also can see WHAT I see…. )

Now ask yourself…

If this kind of price pattern occurs only ” Once ” every week….

And it means you only have to trade just ” Once “…

To capture those ” Massive Pips & Profits “…..is it nice for you ?

It is definitely nice for me I must confess.

Purely by using this powerful method across 2 currencies namely Eur/Jpy & Gbp/Jpy…

I have profited a total of Over USD $15,000 ( combined )

Plus other positions earlier this month…

It adds up to about USD $25,000 of nice profits added to my account for compounding this month.

( And the best thing is that….I DO NOT trade every single day none do I have to ” GLUE” to the computer screen !)

I am trading on a 1 hour, 4 hour and daily chart….so I do not have to check my positions often.

When I am out enjoying with my family, I would use either my laptop or smart phone to check my positions.

How nice rite ? *smile*…

Now that the USD$ is so STRONG vs. Singapore Dollars..

USD $25,000 would be about Sing $37,500 ( After conversion )

This is roughly the average amount I made monthly..

But I would normally withdraw a small portion of it for my expenses, family and own savings.

However….

Recently I have been eyeing the NEW NISSAN SKYLINE GTR35….

Do you know that car ?

It is a very awesome Japanese Performance Car..

Built and Born for the Track definitely..

Definitely a MEN’s Toy ! LOL…

If you do not know how ” beasty” this super fast car looks like..

Here’s a picture of this awesome car to share :

Yeah….

I am kinda attracted to this car ( I must admit I am a jap performance car freak )

The costs is about USD $200k in my country ( Singapore ).

Definitely worth the price tag ( if one can afford ) considering it is a “ Super Car “.

On the other hand..

Since the financial crisis hit the world so badly months back….

Everything is so CHEAP now…

Particularly the Stocks & Properties…

2 essential tools to help you and me build even more wealth..

I am contemplating whether to invest in a men’s toy such as GTR35..

Or start buying into these investments that would ” yield me better returns ” end of the day…

After all….cars ONLY depreciate…

But…..Sigh……still a BUT ….

Never mind…I shall see how’s my account ” growing status ” in the next 3 months.

Then I decide ….

Is that the correct way ?

( One more thing….my wife don’t really like me to waste my money on cars ( ESPECIALLY when there are already 2 Cars namely a ” Mitshibishi Evolution & One Bmw ) at home now ! And now I am getting a 3rd One ?  ….shhhhss…..hehe …hope she don’t read this blog anytime )

OK !

Let’s Switch Topic now….( Stop the Gtr35 thingy…else I would go non-stop !)

Back to forex trading..

In fact…I have been trading in such ” manner ” for years now.

And I only rely on mainly ” Price Actions & Patterns “.. ( not really into technical indicators anymore )

Because it is the most accurate ( at least to me )

** Price Actions & Patterns = Sentiment Of The Market.

Most important reason is that :

By using Price Actions & Patterns’ analysis for my trading..

Not only am I getting more successful trades..

I am also trading more confidently too..

And really enjoying almost every trade I took  - Which I think is very IMPORTANT for logical decision making.

When you are fearful or stress about trading….

You tend to make ILLOGICAL decisions and it is more of  like ” Gambling ” instead of trading for you.

That is definitely not a healthy or profitable way to trade I think…

Alright..

So much for this powerful forex trading strategy which I called it the ” Massive Pips  Riding ” method.

If you like my trading style based solely on ” Price Pattern “….

Then do feel free to visit my little blog on Forex Trading Empire to check out my posts regularly. ( Daily also can if you want…*smile* )

Till then…..

Happy trading, Happy HUNTING…..& EVEN MORE ” Explosive & Massive ” Pips for you too!