The main strategy for this trade explorer is to systematically profit through a hybrid system of an automated EA and discretionary manuel trading based on price action and money management.
Target balance at the end of the month: $2,500
Price action strategy, good money management, and proper mindset
The market fundaments really do not make much sense right now. We see the possibility of the European Crisis coming back into center stage. What will happen then with the current Yen weakness? Will it become it begin to appreciate again? The markets expects BOJ easing by the first week of March. Until then, any day could bring a sharp jump in JPY weakness while at the same time North Korea could cause JPY strength at a moments notice. The only thing that I can see is USD strength coming. I am trying to trade light and cautiously until the market shows it hand and take advantage of those times during the week when we do get some type of momentum building one way or another.
I also provide signals in Zulutrade: SP Account: Eros Project.
IMPORTANT: Follow on a DEMO first. If you want to follow with real money right away, please trade with 1 microlot for each trade.
Highlights of my trading style for Zulutrade purposes.
- Average gain per month is 500-1000 pips
- Maximum SL is 70 pips
- No overtrading. Average trades is open 8 hours with 12 pip gain
- Maximum open positions is 7. No hedging of positions
- Looking to break top 100 providers, then top 10
Attached Image (click to enlarge)
Price action strategy, good money management, and proper mindset
