AZB Price Action

Hello everybody. Sorry for not being able to post for some times. Last 3 weeks was a total loss to me. Fortunately I recovered all my losses of last 3 weeks in previous week.

Here is a pic of what I've done (really boring market sometimes) and the summary:

1. -16
2. -15
3. -19
4. -23
5. 37 (closed manually at red line)
6. -1 (closed manually at red line)
7. 0 (B/E)
8. 0 (B/E)
9. -23
10. -20
11. 24
12. -28
13. -18
14. -25
15. -34
16. -26
17. -38
18. -26 (half size)
19. 0
20. 0
21. 0
22. -23
23. -15
24. -25 (half size)
25. 0
26. -22
27. -25
28. -17
29. -22
30. 180
31. 152
32. 0
33. 0
34. 42 (half size)
35. 72
---------
Total = 46 pips (total profit of last 3 weeks)
I've closed all of my remaining positions at 1.4390 .. I'm out of market now. I didn't want to keep anything open during weekend.

I've to mention although I've made 46 pips in total for last 3 weeks but I've lost about 1/46 of my account because of the way "money management" works because every time I lose, I've to decrease my position size ... so in total .. after so many losing positions in a row, I've lost 1/46 of my account so .. that means IF we say I had 8k before last 3 weeks, I've about 7.8k left in my account right now.

Cheers

Keep yr rules the same and chk eur/usd, gbp/usd and aud/usd for 30 mins chart , you will get better results getting nuch higher profit and smaller stop loss

Regards

The system works very well with AUDUSD and Silver. Thank you very much, arezab.

arezab
first i would like to tell you that i like ur system
do u trade only 1 pair eur/usd?

also if the price has been above 70 ema for a long time like last 5 days and far away from 70 ema
do u enter if u found bullish confirmation or just ignore it and wait for the reversal below 70 ema?

This strategy is good however best doing it on trending chart and most important patience which we wait for the right time for pattern to happen.

Adious