Hello,
Introduction
I will start up by spoken language my name is David and that i when I attempt manual commerce I lose all of my selected capital.(What some way to start out off AN intro)
When I initial started commerce Forex i used to be beneath the impression, possibly just like the majority of individuals, that you just will build 100’s of each day with little or no capital. I started off with a meager $100 in a very normal account, with a margin level of 1:400. This alone diode to my end. My account lasted roughly a pair of weeks. once I remember I really realize this quite stunning, I ought to have blown my account at intervals the primary day. i exploit to ne’er use foreign terrorist organization or TP. this type of commerce unbroken Pine Tree State up day and night.
I blew my account five times before i made a decision that i would have to be compelled to browse into Forex. therefore I went and took a free course and thought that all over again i used to be prepared. however instead I visited Zulutrade and lost another $500. At around this point i made a decision that i might visit machine-driven commerce. i used to be lucky and solely lost concerning $200 with EAs that were famed to not work. I actually have since created back the majority of my cash that I actually have ever lost. i’m on the proper track.
I am about to provide manual commerce another go however solely on a demo account to envision wherever it leads Pine Tree State.
Strategy
Timeframe: Most of the time H1 and higher than
Currency pair: Any that have smart setups
TP+SL: are keen about the support and resistance areas.
I will trade only primarily based off of previous Support and Resistance areas. i will be able to trade with and against the trend. i will be able to trade reversals and retracements. i will be able to essentially trade each valid signal, that I view valid from reading the charts. i will be able to gently take macro fundamentals into play. i’m told this is often conjointly called worth Action commerce.
Money Management
Demo account is loaded with $100,000. i will be able to trade zero.50 ton sizes for each $100,000. Intermediate combining can occur each $5000 wherever i will be able to raise my ton size by zero.01. At succeeding $100,000 i will be able to add zero.50 to my beginning base ton size.(I doubt i will be able to get that far)
I will commit to solely have one trade per try at a time. however it’s doable to search out different trades on higher/lower timeframes that i will be able to conjointly trade.
Other Details
I will choose and opt for my trades commonly before i’m going to figure. I actually have a thirty minute span wherever i will be able to scan the charts quickly, determine any doable entries and submit my orders/pending orders. i could build trades once work. i will be able to attempt to have charts place up once work, however, I cannot guarantee something.
I will periodic update this to input something i believe I actually have forgotten.