Greetings,
Excellent strategy. I use a similar method to trade the GBP/USD only targeting 100 pips per trade. It works very well. I only place trades in the direction of the daily trend and use Fibonacci's to find the optimum entry price, placing my stop loss 15 pips below the daily pivot points, and TP at +100pips. On average this method gives me two trades per week, 200 pips. It works extremely well, but requires patience and discipline. By using Fib's I am able to filter out bad trades, thus increasing my success rate. Thanks for sharing and I wish you all the best with this system.
Happy Trading
forexnetworth
Excellent strategy. I use a similar method to trade the GBP/USD only targeting 100 pips per trade. It works very well. I only place trades in the direction of the daily trend and use Fibonacci's to find the optimum entry price, placing my stop loss 15 pips below the daily pivot points, and TP at +100pips. On average this method gives me two trades per week, 200 pips. It works extremely well, but requires patience and discipline. By using Fib's I am able to filter out bad trades, thus increasing my success rate. Thanks for sharing and I wish you all the best with this system.
Happy Trading
forexnetworth