My trading is based on price action and position management aimed at stable regular daily profit (1% - 2%) with not too high drawdown (maximum 30%).
Instruments
EURUSD
GBPUSD
USDJPY
USDCAD
DAX
SP500
Timeframe
H1 to draw S/R lines
M15 to enter the trade
Chart
in attachement
Entry
With trend (from H1 timeframe), after pullback to S/R line
Decision supported by Stoch, EMA100 and Pivots
1st position is opened after initial signal
2nd position can be opened (from limit order) at a better price on closest local support/resistance
Stop loss
Hedging - if the price goes in opposite direction I start to progressively: open opposite positions and close initial positions. I close new opposite positions on next major S/R
Take profit
To the next local S/R. Usually about 20-30 pips
Disclaimer
Please note that any information provided in this thread should not be construed as trading tips, recommendations or investment advice and is provided with no warrants as to its accuracy.
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I'm open to questions and suggestions regarding my trading - maybe there is something I can change in order to have better results. I'll be posting here my trades - you can follow my trading also on Trade Explorer.
Instruments
EURUSD
GBPUSD
USDJPY
USDCAD
DAX
SP500
Timeframe
H1 to draw S/R lines
M15 to enter the trade
Chart
in attachement
Entry
With trend (from H1 timeframe), after pullback to S/R line
Decision supported by Stoch, EMA100 and Pivots
1st position is opened after initial signal
2nd position can be opened (from limit order) at a better price on closest local support/resistance
Stop loss
Hedging - if the price goes in opposite direction I start to progressively: open opposite positions and close initial positions. I close new opposite positions on next major S/R
Take profit
To the next local S/R. Usually about 20-30 pips
Disclaimer
Please note that any information provided in this thread should not be construed as trading tips, recommendations or investment advice and is provided with no warrants as to its accuracy.
--------------------------------
I'm open to questions and suggestions regarding my trading - maybe there is something I can change in order to have better results. I'll be posting here my trades - you can follow my trading also on Trade Explorer.