I’ve been reading a whole lot of forex for the past 5-6 months now and just found this wonder thread from @Dennis3450 regarding “Trading the Trend with Strong/Weak Analysis” which you can found on this link below:
I like the strategy, and I think it fits for my lifestyle as I cant look at the chart at many hours a day as possible. So I decided to give it a try.
This is just a demo account by the way so I hope this is possible to post it in this thread, if not then I’m still good with it.
Starting trading capital of 125.59USD with a leverage of 1:500.
Limit to 3 open positions at a time.
My SL would be 100pips.
TP1 = half of the position at 150pips.
TP2 = will continue until I think is the end of the trend, which is what I’m going to learn from time to time. Or by using fibonacci trades. Will depend as this is my first time doing the trade.
SL = 100 pips
TP = 200 pips for now.
My first goal for now is to reach $500 on this account. And after reaching 500$, I think I need to re asses my trades and my confidence If I still need to continue doing demo until 1000$ or start doing live.
Any positive/negative feedback is absolutely welcome and fine as I am just new to forex trading. I would love to learn from all of you guys.