I don’t know why risking 5% seems so scary. I would never risk 5% on any strategy that doesn’t use price action trades with support and resistance levels.
That way I’ll make money while controlling my losses by pushing my stop-loss to break even.
In July I doubled my live account, and I actually lost only 2 out of 10 trades. That’s how I got the 70% win-rate Infact it’s even more. I wanted to test it for a couple more months and post my trades here.
The thing that confuses me is how I can lose 15 straight trades in a row. It’ll probably happen to my strategy once in 10 years, that’s how negligible I see that happening.
Please mods, I posted my signal hours ago but it hasn’t come up yet so I’m posting it again. Sorry if it seems like I’m spamming.
I just clinched 120pips on EURCHF after moving my take profit above the original 90 pips.
I took a sell on AUDUSD after the inside bar signal on the daily charts. I waited for the aud fundamental news at 1.30am Gmt to finish before taking the sell on the 4hr pinbar it formed.
Entry point is 0.73311
Take profit 1 is 0.72900
Take profit 2 is 0.72400
Stop loss is 0.73600
Combined risk of just 5% of my account.
Like I did for the EURCHF, I took 45 pips early and moved my stop-loss to break even and waited till my profit hit, I’m doing the same here for AUDUSD, after 55pips I’ll move my stop-loss to break even so that I control my losses.
If the trade is looking good (getting close to 75pips), I’ll increase my TP to 120pips and move my stop-loss 55pips close to current price.
I lost the last trade so I’m at +105pips now. I’m going to make full use of any setups that works in my favor by increasing my first takeprofit to 90 pips and 2nd to 200pips. This way I win 290 pips if I win and lose 60 pips if I lose.
I’m still risking only 5% combined for the two trades, and as usual I’ll move my stop-loss to break even after I’m 50-55pips up.
I’ve been sick for almost a week so I haven’t posted here in a while. But I’ve learned how to apply my strategy on the 4hr time-frame.
Just placed a trade using a signal on the 4hr chart. My signals on the daily charts are hard to come by, that’s why the winning rate is high. But I’m trying out the same price action strategy on the 4hr chart now but not lower than this.
EURUSD
Sell at 1.10520
Tp 1.10236
SL 1.10834
I used a risk reward ratio of 1:1 because it’s the only way my targets are hit more often on the smaller 4hr chart time-frame.
Goodluck
I’ve not been here for ages, but I’ll try to be back now. I’ve modernized my technical analysis to strictly support and resistance levels trades.
I took a buy 6 hours ago on the usdchf at 0.96922 and my Tp 0.97241, SL 0.96680 it’s about to hit the target this morning so I’ve pushed up my stop-loss by 15 pips.
Just minutes ago I took some trades
eurnzd- sell at 0.67142, Tp 0.6680, SL 0.67442.
Usdcad- buy at 1.28452, Tp 0.29160, SL 0.27980.
In the eurnzd, there was a bearish pinbar at the 4hr chart on the resistance level of 0.67300
And on the usdcad chart, there was a bullish pinbar on the daily time-frame at support level 1.27640
Hopefully the targets are hit without any fundamental news interference.
All my trades were wins today, and I got a cool 132pips in total. 30 pips for usdchf, 30pips for eurnzd and 72 for usdcad. Looks like I have some good money for the weekend ������ See you on Monday.
There was a pinbar at the resistance level of 0.68203 on both 4hr chart and 12hr chart so I placed two trades risking just 1 % each. I’m hoping that the profit for the 4hr chart pinbar hits TP1 and the 12hr chart hits TP2.
Lost that nzdusd pair yesterday but it’s now coming down lol. Luckily I risked just 2% since I wanted two target levels.
I took a trade on AUDUSD
Sell at 0.73232, TP- 0.72020, SL- 0.7374
I took a sell at the daily chart after a pinbar was formed at the resistance level of 0.73300. I took my usual 3% risk because this is a popular currency pair and I’m already 45 pips up but I’m hoping for 120pips.
I closed with a profit of 100pips. I closed because of that strong AUD fundamental news as I can’t guarantee that it won’t move the market against my trade. 100pips is still a good gain.
After yesterday’s 40pips loss, rebounding today with 100 pips feels good
Sell at 0.73232, TP- 0.72020, SL- 0.7374
The trade still hit the 120pips target that I set. It seems the aud fundamental news had no effect. If anyone had more nerves of steel than me, they’ve got 120pips
I just placed another trade on the Eur/usd
Sell signal at 1.12329, TP- 1.12020, SL-1.12520
I took a sell at the pinbar on the 4hr chart because it falls nicely on that resistance. Hopefully a nice profit to start the day
I forgot to post my trades today.
I took a sell on AUDUSD
Sell signal at 0.7253, TP: 0.7114, SL: 0.7283
Another pinbar hit a resistance area so I took it, I moved my stop-loss to break even after going 50pips up. Hopefully I get a win
This is a risky trade because the pinbar didn’t hit my resistance line, but it’s clearly in a resistance area so I took it. My money management style of 1:4.5 should bail me out in the long run.
I took a sell on the Eurcad
Sell signal 1.46084, TP: 1.4477, SL: 1.46416
I saw this signal before the Eurusd trade I took, but I wasn’t sure if it is a resistance level. After checking 4 sites all their resistance levels touch the pinbar so I decided to go ahead and sell this morning. Hopefully the strong fundamental news for CAD later today puts this in my favor.
Fundamentals cleared my trades on Friday, forex factory anticipated a positive move for the dollar so I went ahead since my trades were supporting the dollar but as usual fundamentals spoil the day lol.
I forgot to post my trades today, I took a buy on AUDUSD
Buy signal 0.73300, TP: 0.73659, SL: 0.73109
Another pinbar, but I’m 20 pips up so far, a rather annoying pinbar against my trade has appeared on the 5mins chart so I’ve moved my stop-loss to break even incase of anything.
������ See you on Monday.
