Jordi's system

First, I've open this thread as my trading journal about a trading idea I have. So I'm not going to teach anyone. Also, I've opened a small real account to try this, a demo account is good, but it's not the same as real money.

In fact, the idea it's pretty simple, but it's difficult to follow all the rules, and that's the reason for this thread. I want to prove myself the idea is valid, and I can follow the rules.

The first rule and this is the only one I'm going to disclosure, is this:

- If daily candle opens and closes above the Pldot, only buy.
- If daily candle opens and closes below of the Pldot, only sell.

For example, it was a sell signal on Monday, so I'm selling NZDUSD since then. Let's see how far it goes.

Good luck with your thread Jordi.

Good luck Jordi !

Here is my trade report, from Feb. 5 to Feb 9:

Jordi, how is Pldot defined? It looks like a 5 SMA or similar

You can search "Pldot" at google. The Pldot is the main indicator of the Drummond Geometry.

Attached is the indicator I use, and this is the PLdot formula:

Sell signal on GBPAUD

Most probably, today NZDUSD will close above the pldot, generating a buy signal on daily chart, but on weekly chart, it was a sell signal last week, so I'm not going to buy this pair right now.
The GBPAUD sell signal is not working well, right now. Let's see if it's canceled in the following days.

Yesterday USDCAD generated a sell signal. I've tried to open shorts on USDCAD, but with no much success. Also, I'm out of GBPAUD .
I think it's better to focus on a single pair until the system is not finished. Anyway, this is being a bad week.

I forgot to upload last week's report. In a nutshell, it was a bad week. I opened trades on 4 currency pairs, and all gone bad. The sell signal on NZDUSD, on weekly charts, is still valid, and after a pullback was another sell signal on daily.

This weekend I'm going to upload this week's report.

NZD USD is still trending down, but now is approaching a support zone. Let's see if it holds.
This week has been better than the previous one, +835 pips

Here is my trading plan for next week, I think the chart is self-explanatory.

Note that, there isn't a buy signal on the weekly chart, so if there is a buy signal on daily, at the support zone, must be taken carefully.

February is ended, so it's time to review monthly results and monthly charts.
I'm happy with my trading results, I'm up 19.18 %, and I've wined 1081 pips.
Things to improve: My second week, I was trading several pairs at the same time, with a small account like the one I'm using, this was a huge error, and that's the reason for my elevated drawdown, so it's better to trade only one pair.

Today NZD USD is bouncing at support zone, let's see if this develops a buy signal, or if it's only a simple bounce.
On the monthly chart, February closed bearish and is an inside bar. What do I see looking "the big picture" is a big range, so what is this range? accumulation or distribution?

I think it's, most probably, a distribution zone. If we look the monthly chart with as a line chart, we can see a potential head and shoulders pattern.

I don't know if someone is following my trades and signals, I just to say right now I've closed all my short and I'm opening long positions.
There isn't a buy signal on daily chart, yet, but looking the price action (Bullish Outside Vertical Bar+ support zone) I'm pretty confident it will be a buy signal at today's close. Let's see what happen

Finally, kiwi has closed slightly above of the Pldot, I was expecting a close above the open. Anyway, it looks like a bullish phase is around the corner.

This week's ending (Thursday and Friday ) has been bad and has wiped out the pips won from Monday to Wednesday. Trend reversals are usually bad. So I lost -31.80 PL, and 53.10 pips.

Just a month ago, I opened my first position with this trading account. I tested my idea and I'm not happy with the results, the account is positive, but the drawdown is huge, so I'm gonna to make some changes.

Today I start again. Attached is a screenshot of my trade report.

After my first attempt, I've made some changes in my system, the DD is better now, also the trade explorer is partially public.

The NZDUSD is bearish now, and I expect is going to retest the blue zone in the coming days or weeks.

It looks like today is going to be a buy signal on NZDUSD, in that case, my bearish forecast will be invalidated.

Hi there. Good luck with your new and improved system. I'll be following. - I see you use Darwinex as a broker. I'm considering them for a live account myself in the future and so I was wondering if you're happy with them as a broker? (execution, spread, service, transfer fees etc) Also is it possible to just use them as a broker without doing their investing program?

Is there a buy signal here? yes, it is, but daily candles sometimes are hiding the truth. Let me explain this.
Daily candles close at different times, depending on the broker's server. The last time I saw the NZDUSD chart was, when the US market, was closing. It was a buy signal then, but in the after hours session, there was an important plunge, affecting index futures and the US dollar. This is the reason why the Daily candle finally closes below of the Pldot, but for me, is more important when the price was at the close of the US markets, and it was a buy signal, so I'm opening only longs now