Greeting all. First, this thread will mainly be my trade journal, based of ichimoku and cable only.
Reason for thread:
1. To be more serious because my live explorer will be visible to everyone.
2. Encourage trading discipline because I've done a lot of harm to myself of late.
3. Since I gave trading a break (for schooling), my skills are rusty now.
4. I've always wanted a trading partner, coz if i voice my thoughts, I know i will make bank steady.
5. So, everyone is welcome to watch me loose it all, or run it up to 10k + for starters...
So, good luck to me.
Obviously, that explorer is not encouraging, but as long as am not burst, trading my system which am forcing myself to do, by creating this thread will eventually turn everything green, i know that. Problem with traders as much as i know, is self sabotage, so this step i took is curb such lapses.
I don't think anyone will be willing to copy my trades or trading style, that okay. But i challenge you, back test the strategy below and the RR will make you think again.
Strategy:
1. Asset is only cable.
2. Time frame is 30 minutes.
3. Indicator is ichimoku only.
4. Default TK crosses to enter market in either direction.
5. SL is @ 15 pips, fixed... While TP is @ 70 pips minimum.
6. A position is only opened if price is not more that 10 pips from Kijun-sen.
7. For optimal entry, price should be between Tenkan-sen and Kijun-sen.
8. Only look out for trades from 2 hours to New york open and 3 hours after its close.
This system is bare 65% profitable, and averages 600 pips monthly. Funny thing with trading is that even a 50pips/month strategy would make one a millionaire, but how many are at the top currently?
Truth is that its not the system that is unprofitable, but we humans screw ourselves up on a regular basis.
I wont upload historical price charts here, and i don't believe in over bought or over sold conditions. Also, am not a top picker as i've been burnt alot by doing that (good luck to those who can). But the premise of this system is based on the fact that on any swing, there is always a safe 15pips SL @ all times, I'll shows examples later. Also, i don't trade ichimoku traditionally like its taught. There exist alot of key facts left out.
Reason for thread:
1. To be more serious because my live explorer will be visible to everyone.
2. Encourage trading discipline because I've done a lot of harm to myself of late.
3. Since I gave trading a break (for schooling), my skills are rusty now.
4. I've always wanted a trading partner, coz if i voice my thoughts, I know i will make bank steady.
5. So, everyone is welcome to watch me loose it all, or run it up to 10k + for starters...
So, good luck to me.
Obviously, that explorer is not encouraging, but as long as am not burst, trading my system which am forcing myself to do, by creating this thread will eventually turn everything green, i know that. Problem with traders as much as i know, is self sabotage, so this step i took is curb such lapses.
I don't think anyone will be willing to copy my trades or trading style, that okay. But i challenge you, back test the strategy below and the RR will make you think again.
Strategy:
1. Asset is only cable.
2. Time frame is 30 minutes.
3. Indicator is ichimoku only.
4. Default TK crosses to enter market in either direction.
5. SL is @ 15 pips, fixed... While TP is @ 70 pips minimum.
6. A position is only opened if price is not more that 10 pips from Kijun-sen.
7. For optimal entry, price should be between Tenkan-sen and Kijun-sen.
8. Only look out for trades from 2 hours to New york open and 3 hours after its close.
This system is bare 65% profitable, and averages 600 pips monthly. Funny thing with trading is that even a 50pips/month strategy would make one a millionaire, but how many are at the top currently?
Truth is that its not the system that is unprofitable, but we humans screw ourselves up on a regular basis.
I wont upload historical price charts here, and i don't believe in over bought or over sold conditions. Also, am not a top picker as i've been burnt alot by doing that (good luck to those who can). But the premise of this system is based on the fact that on any swing, there is always a safe 15pips SL @ all times, I'll shows examples later. Also, i don't trade ichimoku traditionally like its taught. There exist alot of key facts left out.