£200 - £5,000

Hi Guys.

Challenging myself to a high risk high reward strategy.

Purely trading highly defined exhaustion candles either long or short on the following currency pairs:

 

1. EURUSD
2. EURJPY
3. GBPUSD
4. AUDUSD
5. USDCHF

The pairs above chosen as they have spreads no higher than 2 and generally <1

Criteria for entry point

 

1. Exhaustion candle
   
2. bouncing from pivot, at least once
3. correrlates with correlating pairs
4. candle closed within previous candle or close
5. No candles circa 14 candles to the left of the wick
   Bigger than previous candle

I will update each day on my progress. I will also announce my entry and exits at some point.

Please see below spreadsheet showing the path towards 5k+. Please not that not all trades will meet my trade pip expectation of 15pips.

Should be an interesting few weeks. £200 - £5k.

Good Luck! Will you set up the explorer ???

All the best .

It can be done .

But you have to be very accurate in your entries for each trade .

Taking the best trade for the day after the exhaustion of earlier move and early into the reversal candle will work great for you...

Good luck!

Good luck man!

I turned 500 into just over 2300 during my first stint but then i lost about 1600... though, i ended up withdrawing just under 1100 in the end. Obviously i was using shocking mm, though gambling is fun

I found a major flaw of my trading plan was 'when not to trade'.
Perhaps setting up some parameters based on your entries of when market conditions are not favourable could be useful to you.

Hi Guys,

Just an update for day 1.

Current balance is at £308.00



Regards