Download 100 Pip Daily by Karl Dittman PDF

Title100 Pip Daily by Karl Dittman
TagsForeign Exchange Market Margin (Finance) Order (Exchange) Market (Economics)
File Size282.0 KB
Total Pages18
Document Text Contents
Page 1

100 PIPS

DAILY

SET& FORGET

by Karl Dittmann
June 2010

www.100pipsdailysetforget.com

DISCLAIMER

Please be aware of the loss, risk, personal or otherwise
consequences of the use and application of this book’s content.
The author and the publisher are not responsible for any
actions that you undertake and will not be held accountable for
any loss or injuries.

U.S. Government Required Disclaimer - Commodity Futures
Trading Commission Futures and Options trading has large
potential rewards, but also large potential risks. You must be
aware of the risks and be willing to accept them in order to
invest in the futures and options markets. Don't trade with
money you can't afford to lose. This is neither a solicitation nor
an offer to Buy/Sell futures or options. No representation is
being made that any account will or is likely to achieve profits
or losses similar to those discussed on this web site. The past
performance of any trading software or methodology is not

Page 2

necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED
PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE
AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO
NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES
HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-
OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF
CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY.
SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO
SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE
BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING
MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE
PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

No representation is being made that any account will or is
likely to achieve profits or losses similar to those shown. In
fact, there are frequently sharp differences between
hypothetical performance results and the actual results
subsequently achieved by any particular trading program.
Hypothetical trading does not involve financial risk, and no
hypothetical trading record can completely account for the
impact of financial risk in actual trading.

All information on this website or any e-book purchased from
this website is for educational purposes only and is not
intended to provide financial advice. Any statements about
profits or income, expressed or implied, do not represent a
guarantee. Your actual trading may result in losses as no
trading software is guaranteed. You accept full responsibilities
for your actions, trades, profit or loss, and agree to hold 100
pips Daily Set&Forget and any authorized distributors of this
information harmless in any and all ways. The use of this
software constitutes acceptance of my user agreement.

Page 9

Forex Candlestick charts show sets of data consisting of open,
high, low, and close values of each period.

The hollow and filled section is called “the body”. The lines
above or below “the body” are called shadows or tails. If the
stock has closed higher than the opening price, then a hollow
candlestick is drawn. In addition, if the stock closed lower than
the opening price, a filled candlestick is drawn. In a hollow
candlestick where closing price is higher than opening price,
the lower body shows opening price and the upper body shows
closing price. In a filled candlestick where closing price is lower
than opening price, the lower body shows closing price and the
upper body shows opening price. Hollow means stocks up and
filled means stock is down.

SETUP

Dear Members

Page 10

Let me introduce this, the World’s Set and Forget Strategy. This
simple system is time based and can be used only once a day .
You don’t need any indicators, just a “charting tool” in your
trading platform and a simple calculator.

Max Daily Profit Potential: 100 pips

This is a very simple and proven to be profitable manual “set
and forget” system. You will have to place orders every day at
the same time. The system uses smart money managment and
profit targets and gives you the opportunity to make 100 pips
even on 50-60 pips pair move! We are taking advantage of the
Asian session opening at around 7:00pm.

The system works on USD/JPY ( you may also try GBP/JPY and
other “JPY” pairs), I use USD/JPY.

The rules of this system are simple, and managing trades,
and calculating levels will take no more than five minutes of
your time. The only tricky part is using your knowledge to set
limit orders. ( you can trade the system manually of course..)

Let me introduce you to the 3 simple steps below. Then I’ll
take you through some actual examples in order to illustrate
just how easy this system is.

This trading system involves 3 simple steps.

1. Get ready around 6:00 pm EST
2. Identify your entry levels
3. Place 6 limit orders

That’s it! You don’t have to monitor your trades. All your
trades will be executed by your limit orders..

The Strategy Step by step:

Page 17

Remarks: As you can see the entry arrow on the chart
is 7 pips below the Low (pink line)

Do not trade: If the 6pm – 6 pm range is too big – over 150
pips. For example Non Farm Pay Roll announcement.

Page 18

The formula is simple - All you need to do: is to put in the High
and Low - it will give you all the figures ... your buy, sell, take
profit and stop loss.

That’s it!

Warm regards

Karl Dittmann

www.100pipsdailysetforget.com

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