My system is very simple.
It doesn't require any news and no technical analysis.
The reason of my system because I'm very tired of all those analysis, either fundamental or technical when you spend the whole day try to predict or guess the market.
Basically I'm using Camarilla, but adjusted with money management. I owe this to Fiji (from James16) for enlighten my point of view.
Have trade real but with small amount on last December and the results exceeded my target.
I'm not good at explaining, but will try to answer any question you fellow trader like to know from my system.
Ok, here it goes:
I only trades at around 12pm GMT (at my place is around 7 am, because I live in Jakarta).
I put all my order (4 order for each pair) and leave it for the rest of the day.
The order will expired next day so I don't even need to take care of it.
So here is today trade:
For those who knows Camarilla, then you know the calculation.
But for those not familiar, here is the detail.
I took last day OHLC (in this case Dec 29)
O:1.3145, H:1.3218, L:1.3137, C:1.3215
Then from that i'll calculate 6 numbers e.g:
H5: 1.3296
H4: 1.3260
H3: 1.3237
L3: 1.3193
L4: 1.3170
L5: 1.3134
(The original Camarilla should have 11 numbers include P, H1-H5 & L1-L5)
So, I put all of them in my chart (actually, if you understand my trade, you don't even need a chart)
After that, start to put the order (in no specific sequence):
- Limit buy : 1.3260, S/L: 1.3237, T/P: 1.3296
- Limit sell: 1.3237, S/L: 1.3260, T/P: 1.3193
- Limit buy : 1.3193, S/L: 1.3170, T/P: 1.3237
- Limit sell: 1.3170, S/L: 1.3193, T/P: 1.3134
Ok. That's the half part of my strategy.
Second half is the money management part.
Every day I calculate the range of the S/L (because it's fixed for each order) and translate it into 2.5% of my initial account to get how much should I trade that day.
So the worst scenario is all the 4 order hit S/L which I will lose 10% of my account.
And the best scenario is all the 4 order hit T/P which I'll increase my account 21,28%
And to enable this feature, I can only trade with Oxxxx (the best bxxxxr!!!, except for their spread widen
)
Every month I change my initial account for the 2.5% calculation.
My system should take profit most when the pair goes sideways.
But even if it goes up or down, as long as it doesn't hit S/L first, I'll have some profit.
(I think there is a gambling side in my system also.. haha)
Well, my target is simple. My account should increase 20%/month.
If it goes well, then it should doubled every 4 months.
So, that's all folks!
I will update my journal here everyday around 12GMT and will try to answer any question.
Hope this will last quite long...
And let the journey begins....
Kire
It doesn't require any news and no technical analysis.
The reason of my system because I'm very tired of all those analysis, either fundamental or technical when you spend the whole day try to predict or guess the market.
Basically I'm using Camarilla, but adjusted with money management. I owe this to Fiji (from James16) for enlighten my point of view.
Have trade real but with small amount on last December and the results exceeded my target.
I'm not good at explaining, but will try to answer any question you fellow trader like to know from my system.
Ok, here it goes:
I only trades at around 12pm GMT (at my place is around 7 am, because I live in Jakarta).
I put all my order (4 order for each pair) and leave it for the rest of the day.
The order will expired next day so I don't even need to take care of it.
So here is today trade:
For those who knows Camarilla, then you know the calculation.
But for those not familiar, here is the detail.
I took last day OHLC (in this case Dec 29)
O:1.3145, H:1.3218, L:1.3137, C:1.3215
Then from that i'll calculate 6 numbers e.g:
H5: 1.3296
H4: 1.3260
H3: 1.3237
L3: 1.3193
L4: 1.3170
L5: 1.3134
(The original Camarilla should have 11 numbers include P, H1-H5 & L1-L5)
So, I put all of them in my chart (actually, if you understand my trade, you don't even need a chart)
After that, start to put the order (in no specific sequence):
- Limit buy : 1.3260, S/L: 1.3237, T/P: 1.3296
- Limit sell: 1.3237, S/L: 1.3260, T/P: 1.3193
- Limit buy : 1.3193, S/L: 1.3170, T/P: 1.3237
- Limit sell: 1.3170, S/L: 1.3193, T/P: 1.3134
Ok. That's the half part of my strategy.
Second half is the money management part.
Every day I calculate the range of the S/L (because it's fixed for each order) and translate it into 2.5% of my initial account to get how much should I trade that day.
So the worst scenario is all the 4 order hit S/L which I will lose 10% of my account.
And the best scenario is all the 4 order hit T/P which I'll increase my account 21,28%
And to enable this feature, I can only trade with Oxxxx (the best bxxxxr!!!, except for their spread widen
)Every month I change my initial account for the 2.5% calculation.
My system should take profit most when the pair goes sideways.
But even if it goes up or down, as long as it doesn't hit S/L first, I'll have some profit.
(I think there is a gambling side in my system also.. haha)
Well, my target is simple. My account should increase 20%/month.
If it goes well, then it should doubled every 4 months.
So, that's all folks!
I will update my journal here everyday around 12GMT and will try to answer any question.
Hope this will last quite long...
And let the journey begins....
Kire
