Hey fellow Dreamers
My name is Anak from sunny South Africa and i have been trading since 2012
i have had some good months but mostly bad , so basically great experience.
i believe everything has been leading to this
today is the 6th of July 2019 and i have just deposited £13.81 into my XM account
over the next 8 weeks i plan to propel that humble sum all the way to £12 000 , so 30th of August is D-Day.
Now as you all know it is pointless to have lofty dreams or goals
without having a plan of execution , the more detailed the better.
BEHOLD MY PLAN
Pairs - I will stick to the majors and only these four: EUR/USD , USD/CHF , EUR/JPY and USD/JPY. I will go no where near the GBP until this Brexit fiasco is finalized
Time Frame 1H & 4H
Session(GMT+2) - Asian 02H00 - 04H00
- Europe 08H00 - 13H00
- US 14H30 - 19H00
Profit Target/Calculation - I will be working with percentages rather than pips
so for the first 3 weeks i plan to grow my account at a daily rate of 20% that adds upto 2.48X per week but from the fourth week until the 8th @ 17.50% or 2.24X per week.
Trading Strategy - I am a technical trader , although i do not disregard the Fundamentals.
So Supply/Demand , Support/Resistance will be marked on the 4H and Daily Time frames the four Major pairs i have picked are excellent for Technical trading. Its rare for them to violate the technicals. My chart is naked , i use no indicators at all.
Discipline is key , i will not over trade , should i reach my profit target during the Asian Session , then i will be off to watch Anime for the rest of the day. Therefore we shall be found glued on our screen during the New york session only if the two preceding sessions were unfruitful. No over trading!!!
I will be posting daily/weekly updates
So i invite you all to join me on my Odyssey.