Hi,
I am a 27 year old daytrader from Frankfurt Germany.
I trade EurUsd, GbpUsd, AudUsd, UsdChf, Dax30 and sometimes Gold and CrudeOil.
The benefit of my strategy is that it works in all markets. Trading is usually finished within the first few hours of the day. I don't like to trade all day and this strategy helps me to let my money work for me!
The beauty of this strategy is that it catches the "One Good Trade" on any pair I trade more often than it does not in London/Frankfurt Open.
Notice: There will be losses, there will be loosing days and there will be days with no trades at all! Ugly isn't it? Last week my strategy made me a nice 470 Pips
I start my trading day by analysing what is happening on the higher TF`s (1h, 4h, daily).
Once I know if a market is in an uptrend I look for longs vice versa for downtrends.
Exception: Price is hitting an upper/lower channel trendline and/or significant support and resistance on the longer TF´s.
Indicators:
Bollinger Bands (20,0, 2.0)
Pivot Points (Calculated by 0 GMT)
Trading Times: 7-11 GMT & 13/14-16:30 GMT
I found trading at european lunch time is not worthwile and there will be more than enough nice opportunities at the stated times.
How I trade the "Triple A Entry"
Buys:
Buy support with the trend, 5min candle must touch lower BB and there must be enough room (50 pips minimum) to the next resistance line. Entries should be in the neighborhood of pivot levels
Sells: Opposite of Buys
Stop:
is around 30 pips or last swing high/low
Exit:
is around 60 pips - Exception: if a pivot point is sitting 10 pips in front of my target I ill exit there. The Idea behind is that sometimes you will book profitable deals of 70 or 100+pips. So that the average Winner will yield a return of two times the risk.
Trailing stops:
In a choppy market there will be no Trailing stops. In trending markets stops will be moved under/above next swing high/low
I will post my trades every day I trade.
Comments are welcome
wish you all many profitable pips!
I am a 27 year old daytrader from Frankfurt Germany.
I trade EurUsd, GbpUsd, AudUsd, UsdChf, Dax30 and sometimes Gold and CrudeOil.
The benefit of my strategy is that it works in all markets. Trading is usually finished within the first few hours of the day. I don't like to trade all day and this strategy helps me to let my money work for me!
The beauty of this strategy is that it catches the "One Good Trade" on any pair I trade more often than it does not in London/Frankfurt Open.
Notice: There will be losses, there will be loosing days and there will be days with no trades at all! Ugly isn't it? Last week my strategy made me a nice 470 Pips
I start my trading day by analysing what is happening on the higher TF`s (1h, 4h, daily).
Once I know if a market is in an uptrend I look for longs vice versa for downtrends.
Exception: Price is hitting an upper/lower channel trendline and/or significant support and resistance on the longer TF´s.
Indicators:
Bollinger Bands (20,0, 2.0)
Pivot Points (Calculated by 0 GMT)
Trading Times: 7-11 GMT & 13/14-16:30 GMT
I found trading at european lunch time is not worthwile and there will be more than enough nice opportunities at the stated times.
How I trade the "Triple A Entry"
Buys:
Buy support with the trend, 5min candle must touch lower BB and there must be enough room (50 pips minimum) to the next resistance line. Entries should be in the neighborhood of pivot levels
Sells: Opposite of Buys
Stop:
is around 30 pips or last swing high/low
Exit:
is around 60 pips - Exception: if a pivot point is sitting 10 pips in front of my target I ill exit there. The Idea behind is that sometimes you will book profitable deals of 70 or 100+pips. So that the average Winner will yield a return of two times the risk.
Trailing stops:
In a choppy market there will be no Trailing stops. In trending markets stops will be moved under/above next swing high/low
I will post my trades every day I trade.
Comments are welcome
wish you all many profitable pips!
