Hi there,
this journal is to test a strategy, which is a kind of mix between "The Bagovino System" and the "Key to the Mint system".
I like both systems, but have been digging into make it a bit more "relaxed" to trade and also widen SL and TP.
I have made some slight modifications, but in general it is pretty much a merge of both systems, using much wider SL and TP targets.
The key issue is to ride the trend as much as possible, and also giving the
trade room for some intraday whipsaws.
I only take trades on 15 min. charts, which ONLY agrees with the Daily trend.
I trade 5 pairs:
GBPJPY
EURJPY
GBPUSD
GBPCHF
CADJPY
I usually start trading from around 6 GMT, sometimes earlier.
All trades are closed at around 17-18 GMT, if they are still open and have not hit either TP or SL.
Let' see if it makes some pips!
Thank's to "Bagovino" and "harold4x" for inspiration, these to fine systems can be found here :
http://www.forexfactory.com/showthread.php?t=7603
http://www.forexfactory.com/showthread.php?t=57116
this journal is to test a strategy, which is a kind of mix between "The Bagovino System" and the "Key to the Mint system".
I like both systems, but have been digging into make it a bit more "relaxed" to trade and also widen SL and TP.
I have made some slight modifications, but in general it is pretty much a merge of both systems, using much wider SL and TP targets.
The key issue is to ride the trend as much as possible, and also giving the
trade room for some intraday whipsaws.
I only take trades on 15 min. charts, which ONLY agrees with the Daily trend.
I trade 5 pairs:
GBPJPY
EURJPY
GBPUSD
GBPCHF
CADJPY
I usually start trading from around 6 GMT, sometimes earlier.
All trades are closed at around 17-18 GMT, if they are still open and have not hit either TP or SL.
Let' see if it makes some pips!
Thank's to "Bagovino" and "harold4x" for inspiration, these to fine systems can be found here :
http://www.forexfactory.com/showthread.php?t=7603
http://www.forexfactory.com/showthread.php?t=57116
Less is more...