Thursday, December 4, 2008






We were inspired by Larry K's demonstration of the amazing performance in the 5 min GBPUSD Spot Forex using a scale out method of taking profit. We decided to try it today, instead of just trying to go all in all out at one profit target, as has been our preference. We decided to trade the EC 144 tic with 2 contracts today and exit one at PT1 and exit the second at PT2.





We remind you Larry showed yesterday that using this 2 contract scale out strategy for 3 full months in the GBPUSD 5 min chart (entire London session) 100% mechanically- resulted in 73% winners and a net profit of $44,055 trading 2 full lots or 20 minilots!





We went short at 7:52 am est and got to PT 1, exiting the reminder at the trailing stop.
We went long at 9:12 am est and nailed both PT 1 and PT 2.
We decided we had made enough for 2 contracts today (+$587.50 =+47 tics = +23.5 tics per contract) and quit a winner! Have a great trading day!
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