So I have been dabbling and running with all sorts of zany ideas on trading for around a year now. Some have worked, some haven't, some EA's worked, most haven't. Time to try something and stick with it! I'm going to be journaling my trades here as a way to a) not rush into trades, b) hold myself accountable, and c) get criticism/feedback on trades.
Method: Crossover pullback
Indicators: 100ma, 200ma, stochastic 14,3,3
Trade rules: 100ma > 200ma, and stochastic drops below 20 and crosses back above 20, its a buy, opposite for sell
Avoid trading off of trends
2% per trade
100 pip sl
200 pip tp
May let trades run long if it is a strong trend
Move stops to s/r lines
Any currencies that have nice trend lines
So that's it. Maybe I will fine tune this method going forward, but we will see.
To start out, here is one I am watching now. Recent crossover, stochastic is low, if it crosses back up above 20, I'll take it.
****No guarantees I'm going to update this super frequently since I work too, and as always, don't blame me if you lose money =D
Method: Crossover pullback
Indicators: 100ma, 200ma, stochastic 14,3,3
Trade rules: 100ma > 200ma, and stochastic drops below 20 and crosses back above 20, its a buy, opposite for sell
Avoid trading off of trends
2% per trade
100 pip sl
200 pip tp
May let trades run long if it is a strong trend
Move stops to s/r lines
Any currencies that have nice trend lines
So that's it. Maybe I will fine tune this method going forward, but we will see.
To start out, here is one I am watching now. Recent crossover, stochastic is low, if it crosses back up above 20, I'll take it.
****No guarantees I'm going to update this super frequently since I work too, and as always, don't blame me if you lose money =D
