Starting this Monday 31st March 2014, I will be following strict rules for my trading, starting on a new account and I will be posting my results here too.
Rules:
[li]3% balance risk per trade
[/li][li]4 trades at a time
[/li][li]up to 6 trades[/li]
I understand this is high risk, and I’ll be lowering risk when my capital is in a better place.
I’ll be using trend, breakout and ranging strategies depending on market conditions. I use price action, candlestick knowledge, Bollinger bands (25 period, 2.0 deviation), occasionally rsi and I always have trade volume levels on chart.