This may have been written about before, and there is not much new here. This is to keep ME honest and track my performance. I will add a trade explorer once I figured out how to 
For the like-minded traders, if you want to join me, be my guest But Please DO NOT CHANGE THE RULES
Goal: Stress-free (if there is such a thing) trading and making 6%+ per month (compounded will be 100% per year)
Am I new? Yes to Forex Factory, but not to trading.
Trading Method
===========
Time Frame: Daily + 4H
Candle Pattern: Pinbar (Hammer) and Englufing (Bearish and Bullish)
Rationale: Once the Pattern has been recognised, we zoom out and find a technical reason why such pattern happened. I look for Support/Demand or Resistance/Supply level as my main reasons, sometimes I use trend lines and channels. I know some people use Fib replacements and ratios, but I personally do not believe in them.
I ADDED EMA (30, 100, 200) in 4H TF as an additional check and possible entry
Continuation: If we have both of the above satisfied, we look a few pips below the low of the pattern or few pips above the pattern.
The Trade : We enter a buy with SL just below the bullish pattern. OR we enter a Sell with SL just above the bearish pattern. TP1 = SL and moving SL to BE after we hit TP1. TP2 is dynamic where we keep moving the SL to just above the high (or just below) the previous daily candle. I sometimes bend these rules depending on the price action I see (this comes with experience I suppose) so please do not kill me for it, as these are just guidelines and not set in stone numbers
Simple? Yes
Stress-Free? Yes
Profitable? We shall see
Here are some trades I am in currently. I can give you a million examples form history, but I think you can go back and look those up yourself. I don't want to cherry pick trades and that is why I am not doing that. I am only going to show current setups.
Monthly P&L (will be update every month)
============================
Year 2018
October: +5 %
November: +19 %
December: +15.6 % (I stopped trading this month early on Dec23 for the holiday)
Year 2019
January:
February:
March:
April:
May:
June:
July:
august:
September:
October:
November:
December
For the like-minded traders, if you want to join me, be my guest But Please DO NOT CHANGE THE RULES
Goal: Stress-free (if there is such a thing) trading and making 6%+ per month (compounded will be 100% per year)
Am I new? Yes to Forex Factory, but not to trading.
Trading Method
===========
Time Frame: Daily + 4H
Candle Pattern: Pinbar (Hammer) and Englufing (Bearish and Bullish)
Rationale: Once the Pattern has been recognised, we zoom out and find a technical reason why such pattern happened. I look for Support/Demand or Resistance/Supply level as my main reasons, sometimes I use trend lines and channels. I know some people use Fib replacements and ratios, but I personally do not believe in them.
I ADDED EMA (30, 100, 200) in 4H TF as an additional check and possible entry
Continuation: If we have both of the above satisfied, we look a few pips below the low of the pattern or few pips above the pattern.
The Trade : We enter a buy with SL just below the bullish pattern. OR we enter a Sell with SL just above the bearish pattern. TP1 = SL and moving SL to BE after we hit TP1. TP2 is dynamic where we keep moving the SL to just above the high (or just below) the previous daily candle. I sometimes bend these rules depending on the price action I see (this comes with experience I suppose) so please do not kill me for it, as these are just guidelines and not set in stone numbers
Simple? Yes
Stress-Free? Yes
Profitable? We shall see
Here are some trades I am in currently. I can give you a million examples form history, but I think you can go back and look those up yourself. I don't want to cherry pick trades and that is why I am not doing that. I am only going to show current setups.
Monthly P&L (will be update every month)
============================
Year 2018
October: +5 %
November: +19 %
December: +15.6 % (I stopped trading this month early on Dec23 for the holiday)
Year 2019
January:
February:
March:
April:
May:
June:
July:
august:
September:
October:
November:
December
