EURUSD
EURAUD
GBPJPY
AUDUSD
NZDUSD
EURJPY
GBPUSD
AUDJPY
USDJPY
NZDJPY
USDCAD
EURGBP
The dirty dozen as I am calling it. Now some may argue that there is some overlap and I could trade different crosses to not pay spread twice etc, but who cares. These are the 12 pairs that seem to align very well with a trading style I have been experimenting with over the last few months. A longer time frame than I am used to at 15 min but still short enough to keep the stops small and the risk very small. This is completely contrarian to my normal style which is 1 min or less timeframe and larger lot sizes mostly because the stops were so small the risk even at larger sized lots was still small. Hopefully this will allow me to put on some trades and leave the screen and get a life outside of trading.
Lot sizes are calculated based on an initial 100 pip stop although it will be very rare to ever hit that level of stop. Risk is at 1.5% but only if it hits that 100 pip stop. Most of the time the stops will be around 20 pips give or take due to market conditions. That means that in reality most of the time my trades will only risk 0.3%! This allows me to put on trades for multiple pairs without risking more than about 3% total. Based on what I have seen up to this point it is unlikely that all of the pairs will set up for a trade at the exact same time. This should really keep the risk very very low.
One thing I won't discuss here is my trading style. This is a journal and not a trading system thread. I will say that this trading style does not involve any custom indicators.
There is a trade explorer and I will attach it here in a few minutes. It is one that I was using for my other trading style called "sheep or lion". I would strongly recommend you DO NOT use my TE for trading in your account. The time delay between trades and the TE updating can be as long as 10 minutes. If a trade goes the wrong way I could be out of a trade before you even see that I was in the trade. Also, I have only been researching this method for about 2-3 months so it isn't proven in the long term.
Hopefully, trading this way trades will be measured in hours and days and not minutes and seconds.
That's it for now, time to go see DeadPool!
EURAUD
GBPJPY
AUDUSD
NZDUSD
EURJPY
GBPUSD
AUDJPY
USDJPY
NZDJPY
USDCAD
EURGBP
The dirty dozen as I am calling it. Now some may argue that there is some overlap and I could trade different crosses to not pay spread twice etc, but who cares. These are the 12 pairs that seem to align very well with a trading style I have been experimenting with over the last few months. A longer time frame than I am used to at 15 min but still short enough to keep the stops small and the risk very small. This is completely contrarian to my normal style which is 1 min or less timeframe and larger lot sizes mostly because the stops were so small the risk even at larger sized lots was still small. Hopefully this will allow me to put on some trades and leave the screen and get a life outside of trading.
Lot sizes are calculated based on an initial 100 pip stop although it will be very rare to ever hit that level of stop. Risk is at 1.5% but only if it hits that 100 pip stop. Most of the time the stops will be around 20 pips give or take due to market conditions. That means that in reality most of the time my trades will only risk 0.3%! This allows me to put on trades for multiple pairs without risking more than about 3% total. Based on what I have seen up to this point it is unlikely that all of the pairs will set up for a trade at the exact same time. This should really keep the risk very very low.
One thing I won't discuss here is my trading style. This is a journal and not a trading system thread. I will say that this trading style does not involve any custom indicators.
There is a trade explorer and I will attach it here in a few minutes. It is one that I was using for my other trading style called "sheep or lion". I would strongly recommend you DO NOT use my TE for trading in your account. The time delay between trades and the TE updating can be as long as 10 minutes. If a trade goes the wrong way I could be out of a trade before you even see that I was in the trade. Also, I have only been researching this method for about 2-3 months so it isn't proven in the long term.
Hopefully, trading this way trades will be measured in hours and days and not minutes and seconds.
That's it for now, time to go see DeadPool!