Hi, I'm BigMike.
This is my first thread.
But I've been following a few threads occasionaly, many of you know my style and results !
History: I've been trading FOREX for six years (2005).
I'm a price action swing trader.
The trades are anywhere from a few days to 3-4 weeks. (DOMC = Depending On Market Conditions)
I use 1%-3% Risk DOMC and always use SL. The SL are sometimes huge because some pairs need that breathing room.
Trades are usually made from 19h00 to 21h00 Eastern Standard Time. You have plenty of time to take the trade since I use pending orders. Then I just move my SL and TP once in a while DOMC.
I divide my trades in 3 positions (scaling). So if I call a trade at 3% Risk, it means it has 3 positions at 1% Risk each.
You need a minimum of 400K account for standard lots, 40K for mini and 4k for micro.
Here are my 4 RULES:
1- Capital Protection
2- Money Management
3- Patience
4- Discipline
I will not give advices, tips or any information about my strategies, so please don't ask.
If you don't like my style, answers or results, just move on please.
However, you are all welcome to say hi so i know who is following, I won't bite !!!
I will post my results HERE.
Only closed trades.
I will indicate weekly performance in percentage of account growth and what post did I make the call so you know I call them before facts !
The week one will be the 3rd of April 2011.
ex: Week 1, +2% Post# 12
WEEK#, Date, %, Post#
WEEK 1, 3 April 2011, -2%
EURCHF, -1%, Post# 12
USDCAD, -1%, Post# 12
WEEK 2, 10 April 2011, -2%
GBPCHF +0.001%, Post# 28
EURUSD, -2%, Post# 25
WEEK 3, 17 April 2011 +6.28%
USDCHF, 3%, Post# 40, Closed, SL hit at BE
NZDUSD, 0%, Post# 40, 47 and 48, Closed, SL hit at BE
GBPCHF, 0%, Post# 34, 47 and 48, Closed, SL hit at BE
USDCAD, Closed, Post# 29, 49
GBPUSD, Post #51, Closed, SL hit at BE
AUDUSD, Post #51, Closed, SL hit at BE
EURUSD, Post #53, Closed, SL hit at 4380
GBPJPY, 2%, Post #52 (Active)
EURJPY, 2%, Post #52 (Active)
USDJPY, 2%, Post # 52 (Active)
* Note: These are the results of closed trades only
(More updates soon)
WEEK 4, 24 April 2011
WEEK 5, 1 May, 2011
WEEK 6, 8 May, 2011
WEEK 7, 15 May, 2011
WEEK 8, 22 May, 2011
Total To Date: +2.28%
Pip it Up !
BigMike
This is my first thread.
But I've been following a few threads occasionaly, many of you know my style and results !
History: I've been trading FOREX for six years (2005).
I'm a price action swing trader.
The trades are anywhere from a few days to 3-4 weeks. (DOMC = Depending On Market Conditions)
I use 1%-3% Risk DOMC and always use SL. The SL are sometimes huge because some pairs need that breathing room.
Trades are usually made from 19h00 to 21h00 Eastern Standard Time. You have plenty of time to take the trade since I use pending orders. Then I just move my SL and TP once in a while DOMC.
I divide my trades in 3 positions (scaling). So if I call a trade at 3% Risk, it means it has 3 positions at 1% Risk each.
You need a minimum of 400K account for standard lots, 40K for mini and 4k for micro.
Here are my 4 RULES:
1- Capital Protection
2- Money Management
3- Patience
4- Discipline
I will not give advices, tips or any information about my strategies, so please don't ask.
If you don't like my style, answers or results, just move on please.
However, you are all welcome to say hi so i know who is following, I won't bite !!!
I will post my results HERE.
Only closed trades.
I will indicate weekly performance in percentage of account growth and what post did I make the call so you know I call them before facts !
The week one will be the 3rd of April 2011.
ex: Week 1, +2% Post# 12
WEEK#, Date, %, Post#
WEEK 1, 3 April 2011, -2%
EURCHF, -1%, Post# 12
USDCAD, -1%, Post# 12
WEEK 2, 10 April 2011, -2%
GBPCHF +0.001%, Post# 28
EURUSD, -2%, Post# 25
WEEK 3, 17 April 2011 +6.28%
USDCHF, 3%, Post# 40, Closed, SL hit at BE
NZDUSD, 0%, Post# 40, 47 and 48, Closed, SL hit at BE
GBPCHF, 0%, Post# 34, 47 and 48, Closed, SL hit at BE
USDCAD, Closed, Post# 29, 49
GBPUSD, Post #51, Closed, SL hit at BE
AUDUSD, Post #51, Closed, SL hit at BE
EURUSD, Post #53, Closed, SL hit at 4380
GBPJPY, 2%, Post #52 (Active)
EURJPY, 2%, Post #52 (Active)
USDJPY, 2%, Post # 52 (Active)
* Note: These are the results of closed trades only
(More updates soon)
WEEK 4, 24 April 2011
WEEK 5, 1 May, 2011
WEEK 6, 8 May, 2011
WEEK 7, 15 May, 2011
WEEK 8, 22 May, 2011
Total To Date: +2.28%
Pip it Up !
BigMike