Ok guys, i've seen so many shady FX traders who are looking for investors.
I am NOT looking to trade anybody's funds, rather i just want to prove a point and that is; it is possible to be profitable while trading forex of which only 5% of traders are.

I've been trading for 4 years now, i've blown several accounts worth thousands of dollar (for real) but over time, i have become profitable and i've learnt one truth: the market is bigger than all of us and without proper risk management its a matter of time (no matter how good your strategy is) before you drown and become part of the statistics.
It is also very important to know when NOT to trade especially, if you have no trade setups. Trading without a valid set up amounts to gambling, its that simple.

Today is saturday 6th of May, and i've planned the trades for the week ahead. Given that monday is Bank Holiday in the UK (Labour day), i'll not be putting out videos on monday because one will expect low volatility and market will most likely remain in a chop mode.

I will only run through analysis on 2 pairs from my watch list for the week and those are EURGBP and AUDUSD. Here is my look ahead:

EURGBP for the week 7th to 11th may 2018

My overall outlook is bullish and here's why:
pls Note - that eurgbp is difficult to trade because its a cross pair and given that there has been alot of news coming out of the EU and BREXIT has particularly caused alot of volatility on the pair, so my analysis is solely for my consumption and trade it at your own risk.

I'll start with the monthly charts: the previous month ended on a doji candlestick which reacted off of a rising 21 SMA. Notice that price have continously closed above the upper line of a regression channel which is currently acting as a resistant thereby providing a confluence of resistance level if viewed in conjuction with the 21 SMA which is in a bullish uptrend.

Weekly chart
The eurgbp had a 3 up bars on the weekly charts in a row and has currently broken and closed above the 21 SMA. Notice that the upper regression channel came into play as price reacted and bounced off of the weekly 100 SMA (red moving average). short term target will be the weekly 50 SMA ( green moving average) which will align with a trendline barrier (broken yellow line). This is approximately a 30ish pip range and will make a great day trade target on a pullback on the shorter timeframes. However if the barrier is broken, price may run up towards the 0.89 zone.

Daily chart

Looking at the daily chart, you'll notice an increased momentum to the upside which will most likely push price towards the blue horizontal line which corresponds the weekly 50 SMA as we identified earlier. also notice the daily 200 SMA (brown moving average) above the blue line. It is possible for price to overshoot the blue line and head towards the brown line. we will never know until the week ahead comes to an end.

i'll not delve into the analysis on the lower time frames (4hr, 60min down to 5mins) because that will amount to giving out too much, rather i'll make a live video of the trade if i get a setup and post it here. I don't expect market to do too much tomorrow (monday) since its a holiday in most of europe but i'll keep an eye on the market. On tuesday, i'll sure post a live trade video.

see you guys soon

Also note that there may be opportunities on the short side on the lower timeframe, but in the larger context of what's happening in the market, this is only a pullback. it might be wise to stay away from shorting this pair when it is pulling back (my view) but rather wait for an opportunity to buy if it pulls back based on the larger picture. Another way to get hold of this market is to view how each pair is performing against the USD at any point.

sup bro, I've be succeeding in forex trading for a while now, but am still uncertain what a proper risk management rule is, my TP is 30pips while my SL is 23pips, what do you think.

Thermodynamics:
sup bro, I've be succeeding in forex trading for a while now, but am still uncertain what a proper risk management rule is, my TP is 30pips while my SL is 23pips, what do you think.

Risk management refers primarily to your total account exposure per trade. i do 1% on day trades and 2 to 3% ( mind you, 3% is considered aggressive) on swing trades depending on the quality of the setups. Also your risk/reward should not be arbitrary. there should be a technical reason to choose your entries and exists. i prefer a setup with a minimum of 1:2 risk/reward. That way,even if you are 50% correct across your trades, you'll still be relatively profitable.
Like i said, you have to choose your entries and exits based on technical reasons.