S/R Levels, No Indicators, Price Action

Week results:
118 trades
57 wins
61 losses
32.8% return

Did you like the system? Sorry I can not describe it completely.

33 trades, 17 wins, 16 losses, 18% return, only 12 pips.

Started trading GU, AU and NU because all of these pair have same pip value on same lot sizes.

Pip value is a thing I am thinking for. By changing lot sizes in trades, I can recover my losses by one win.

Martingale system? Yes and no.

Yes, because one win returns all losses and because you adding lot size after losing trades.
No, because I should NOT double the lot size after every trade. You can add less than doubled lot size.

I will write what in my money management is the same as in martingale system and what is different.

p.s. I use simple version of my own money management because of high win ratio. If I wish to trade more aggressively (more profit and less win ratio) then I would use advanced money management.

Deep test on TE.
Working on more than one pair is not for me. Its better to focus on EU only.
Next week I will test my new MM.

Dont panic when you are losing. Wait for win and be patient!
Dont try this on real account if you can not "help" your balance by "temporary" fresh money.

This week results :
23 pips loss
24% return profit

-23 = +24

Updated all history of Trade Explorer.

Trades before July 4th are not the system I am using now.

I updated all history to compare my past result with the new ones.

Saved all my losses with very risky trade. Trade made on GJ because of high volatility.
Dont try if you dont have enough money to turn back your losses.

Tehmut

My TE is 9th on week's leader scoreboard. 60.7% return
Sounds great but absolutely not important and VERY risky.

When I say that the trade was very risky I mean possibility of loss. But I was traded a very nice signal on GJ. I was watching chart before taking the trade for about 10 hours and waited for best signal.

Tehmut

Had a terrible week with GJ. Drawdown on live account.
Back to EU on demo account to normalize mental point.

Negative side in classic martingale system is that you take bad signals because you expect that next trades will cover your loss.

In advanced martingale you must focus on every signal.

hello, subscribed to your trading journal.... i'm price action too

thx

Broken Trendlines.
EU long.

Lot size, SL and TP based on my money management system.

Money Management:
DD <1% of Highest Balance = Minimal Lot Size + 100% loss
DD <2% of Highest Balance = Minimal Lot Size + 75% loss
DD <3% of Highest Balance = Minimal Lot Size + 50% loss
DD <4% of Highest Balance = Minimal Lot Size + 25% loss
DD <5% of Highest Balance = Minimal Lot Size + 10% loss
DD >5% of Highest Balance = Minimal Lot Size

Minimal Lot Size is based on your win ratio. I risk only 0.2% on minimal lot size. TP is 0.3%

Tehmut

If you start with 5000$ account:
First trade 0.2% risk, TP 0.3%
10$ SL, 15$ TP.
If you had a loss, second trade is:
SL 0.2% (minimal risk) + 10$ loss in the first trade. TP 30$ will cover loss and make profit.

When you made loss above 5 percent of your balance, risk only 0.2%.
In 5000$ example:
When you had a loss of 250$, you can risk only 9.5$.

Any comments?

When you made profit, your minimal lot size is calculated based on NEW HIGHEST balance, not the balance you started with.

After profit of 250$ (balance 5000$), you risk 10.5$ on next trade.
DD also should be calculated on LAST HIGH balance.

After losing more than 5% of highest balance (5297.39, it is now 5028.40), opened long on SR level, 10.06$ SL and 15.08$ TP. Risk 0.2%

Bounce on trendline.
EU M15

SL hit.

New balance: 5017.59
Last High balance: 5297.39
DD: 5.58% of Last High balance

Risk at next trade: 0.2% of New balance (5017.59): 10.04$, TP 0.3% - 15.05$
Pips on SL is based on your trading style.

Short EU at 1.10816

Note: If price went down faster than usual, will cancel TP and let it run.

I had blown one account after growing it from 400eur to 1330eur in only two days.

My new account is now healthy and profitable.

Post and comment my trades here (one or two per day) to make myself disciplined.

Trading very simple style, looking 4h charts on gj mostly and then other majors.

Tomorrow, one hour before London open I will open trade.

GJ is uptrend.

Buy at 141.90, SL 141.60 (under two 4h candles + 5-10 pips)
Closing position at London close.

Risk 40-50% of account.