Dear Followers and onlookers,
Have been quite turbulent trading the last 8-9 months... unusual periods... got stuck in trades a few times (brexit time, Nasdaq in Jan)...
This is FOREX... it's risky and turbulent... if you are looking for 20% growth every month but cannot digest a DD, look somewhere else...
I am making month after month, profits... some months decent profits, some months good profits, some months small losses... is how it will
Any question please feel free to ask I normally reply within a day.
UPDATES ON TRADING ARE AVAILABLE IN THE 'WHAT's NEW' SECTION... i will try and provide update on my trading thinking, holding
positions and reasons as often as possible.... If I am not updating, I am basically stuck and have nothing new to say
Based on Price movements above or below Kijunsen/Tenkansen on Ichimoku charts.
Time frame used is H1 or H4.
Confluences used are
- Trend on 4H chart (lower low, lower high / higher high, higher low)
- Key market Support Resistance
- Whether price is above or below Kijunsen
- Whether price is above or below Tenkansen
- RSI (less than 60 for Buy so there is space before it becomes over bought and above 40 for Sell.... same reason)
Trades are manually monitored and closed if recovery is too risky... in some cases, i'd try to recover if chances of turn around are very high. I'd
close trades if the reason I took them are gone... if it's going the wrong way but my reasons are still valid, I'd look to either recover or
Money Management: Use 0.05 per 1000$ equity for the lot size (if following more traders on the same account, use discretion).
MAX Lotsize = 0.1 per 1000$ equity.
I try not to open more than 3 position at one time... normally I'd have just one or two.
IMPORTANT FOR FOLLOWERS TO UNDERSTAND
- I cannot make profit every month... though i try my best... there will be months we have losses..
- There might be days I do not open any position if the criteria above are not met
- My aim is to have 10% growth every month... some months I will fall short some months I will overshoot (when markets are trending vs. when
they are sideways)