My algorithm involves taking two simultaneous entry trades with a stop loss based on 1.5 x ATR.
The first of the trades has a TP of ATR. The second, runs… easy
At this stage I move SL to entry to guarantee pure profit trade.
Here we go then.
Currency Pair: GBP/JPY Long/Short: SHORT Pips Gained/Lost: (this means a win for future reference)
Trade 1: +50.3
Trade 2: +106 [EDIT - exited manually due to high risk news tomorrow]
Comments:
Waited for downtrend support level to be broken.
JPY strong at the moment seemingly.
Overall forex VIX (Euro FX VIX ($EVZ) 6.07) still low, big trends seem scarce on daily charts for majors - largely sitting out of the game currently; tempted by this one.
Image taken AFTER trade 1 win and tade 2 SL move to entry, lets see what happens…
Comments:
Not one to brown nose, but @The_Baller inspired me with his journal; obviously his results and ‘people skills’ played a part too - made me laugh. Nice to have a lighthearted approach to all this.
Anyway, I followed the steps on a few charts just for fun and coincidentally lined up with a signal of my own, took the plunge, without the pizza and sides as I’m supposed to be working… Hopefully that’s not an integral part of the strategy.
Order pizza(s), with sides and drinks. Pull up monthly charts and determine if its an uptrend or down trend (forget range bound). Draw support and resistance. Drill down to weekly chart. Draw support and resistance. You’ll find an entry in there somewhere. Set your stop loss well away and out of the noise of the amateurs.
Stuck to my money management and SL placement this time but actively monitoring as I suspect Baller’s spuds are bigger than mine (metaphorically obviously) in terms of risk.
Pizza and sides are not integral to this strategy, its more so you can kick back and relax when looking at the charts - the last thing you want is analysis paralysis.
Unlike the majority, I don’t go looking for trades, trades find me.
Looking at monthly and weekly trend this pair has been heading down down down BUT (and this is not strictly my strategy) it appears to be running out of steam at a major low support zone. Sensible SL set beyond.
Again, no signal received here, just a hunch…
Comments:
SSL signal received towards the top of the apparent recent range.
W1 and MN not saying much so a bit risky. Hoping this down signal from my indicators carries on despite low VIX again
Comments:
Signal received on SSL indi, low VIX (STILL )
Decent volume showing on the daily but no confirmation on the Aroon yet. Hoping I’m just in early as baseline and SSL confirm.
Comments:
Forgot to add this to my journal a few days ago, short signal received; with the trend. But, we all know what EUR/USD is like
VIX still only ~5.5
Currency Pair: GBP/USD
Long/Short: LONG
Pips Gained/Lost:
Trade 1: +2
Trade 2: +2
Comments:
EDIT - I’m into this idea FAR too early, you don’t want to know how close it’s already been to my SL. BUT I’m still in the game and it’s starting to look a bit like I could get lucky… famous last words - c’mon the £!!!
Thanks very much @frandlost! My consistency is an issue, but I’m enjoying the experience. Toying with a little price action this week too. Next week I intend to cut down on quantity and try focusing on the quality of my entries; see if I can’t filter out some of my losers. Delay my entry until I’m sure (as sure as you can be )
easy 
(this means a win for future reference)
)