Alongside my proper trading method, I have decided to employ ‘the no talent method’ which has actually beaten my proper portfolio this week. This is demo only. Basically the premise of this method is on the daily chart to divide one years chart into 4 equal segments. I am looking for daily candlestick reversals. Above the midline I am looking for shorts with a TP of 30 pips. In the top quarter I am looking for a TP of 30 pips. Likewise below the midline, looking for longs for 30 pips, bottom quarter looking for longs for 60 pips. No stop losses.
Leverage is 10:1
Trading 11 pairs
AUD/USD
EUR/USD
GBP/USD
USD/JPY
USD/CHF
USD/CAD
EUR/JPY
EUR/GBP
EUR/CHF
NZD/USD
So basically I will check each morning and apply the trades. If the candlestick pattern is not met then I don’t trade. The margin requirement doesn’t allow me to trade all of the pairs so I keep a maximum of 4 in play at a time. If the target aren’t met I just leave them until they do. If one pair hits its target, I can move to the next pair on the list. Hopefully by the end of the year this will be a bust portfolio. This week it is 10% up.