Swing Trading Strategy

I have been trying a new strategy since Jan 2016. I swing trade on a combination of fundamentals and technicals. Trades are based on daily charts and use a combination of RSI (14), MACD, Slow Stochastics, Bollinger bands, and MA's. Monthly pivot points and Fib levels are also used from time to time to establish reversal levels. I usually require confirmation from least 2 indicators before I establish a trade. My goal has been to get at least is 3-4% per month.

Drawdown was higher than I wanted in June since i loaded up on USD/JPY longs, but the trade did work out in my favor.

Here are my results so far:

https://www.myfxbook.com/portfolio/b...trader/1530968

Up 72% on the year.

Let me know what you guys think.

You are using too many indicators. Using a few complementary ones - say 2 plus MAs - is likely to make your system more efficient. Trade safe.

KP

You don't need anyone's opinion..as of this writing and according to myfxbook, you're up 72% after 9 months on a live account...so you must be doing something right. If you change your system to accommodate someone else's "expert" recommendation(s), you might end up really screwed. Keep doing what your doing and know your system inside & out.

Best,

Dave

i agree with Dave. Your in profit and ahead of your own expectations so well done.

your win rate is high which is great but try to keep of the size of the losses.

Loading up on USD/JPY longs, keeping SL at 99

Exited all my USD/JPY longs for a good profit

Ended Sept with an 18% gain

I'm #2 on the autotrade rankings

Thinking about adding some AUD/USD longs. RBA appears to be on hold for the foreseeable future. Will make a decision before NFP's

took a small loss on the GBP yesterday. I use 0.33/1 leverage on each trade so I can let them breathe if necessary.

I had 2 GBP long trades open, took approx 1.7% loss on each. It wiped out all the profits from my USD?JPY longs for the week.

added a small eurusd & eurjpy long and a usdcad short. Keeping position sizes small until election.

Took a small gbpusd long. Hopefully, it finds some support at the 1.22 level. Keeping position sizes on any GBP pair as small as possible, so I can keep a wider stop. Looking for the pair to get back to the 1.25 level.

exited my usdcad longs and gpbusd longs for a small profit. Going to hold off on these two pairs for a while.
I have added to my eurusd longs. I do think some of this dollar strength will recede soon, and eurusd may pop back to 1.11
Im keeping positions small going into the election.

Finally got back to my 3% monthly target after getting hit for 3.4% on the gbp flash crash.

Exited an EUR/AUD long after the AUD jobs report. and made a few pips on my usdjpy longs from yesterday.

I may once again add to my long AUD/USD position on a dip to towards 1.42.

Holding my EUR/USD longs into ECB announcement and added some long EUR/CHF and short USD/CHF.

My current positions will probably be held through the election. I am expecting the recent US dollar strength to subside, and I do expect EUR/USD to retrace the recent decline back to 1.10.

I also expect EUR/CHF to rise back above 1.09 on possible SNB intervention.

Boosted monthly return to 5% this month. Closed some AUD/USD, and EUR/CHF longs. I expect markets to be range bound until the election and I will probably have to hold my core positions into November.

Looking to buy USD/JPY on a dip back to 103

Hi blackshield,

why your explorer isn't synchronized since oct. 4th?
So far looks good.

cant get it to sync properly. I have a myfxbook link that works properly. Its in the first post on this thread.

added some NZY/JPY shorts, looking for a 100 pip drop