A few years ago I gave up on using indicators and anything else that distracts from watching price action. God bless the people who can use those tools and be profitable, but I’ve only ever found them to be a hinderance rather than a help.
For this journal I will be logging and recapping daily trades using my Thumper PA method. First goal will be to double the $10,000 demo account by February 28.
I’ve been trading this method for many years and have found great success in it. It’s simple and effective.
- Stops are generally between 20 - 60 pips
- Naked PA trading
- Low risk
- Trades on 20 pairs
I also do sell the signals for 99GBP per month through 4xSolutions. These trades can be copied/replicated into your MT4 account. PM me if you would like more information. To get the copier/replicator, go here - [B]4X Solutions[/B]
MyFXBook Results
Okay, let’s see how the next few weeks unfold! 
[B][U]Weekly Results[/U][/B]
Week 1
160.3 pips
1.38 % DD
+2.88% Balance
I have made my last adjustment to the GJ trade going today.
PA looks to be breaking that barrier at 173.1 now, or at least it’s trying to.
TP set for 173.75. Moved all stops up to 172.76 so we can lock a good profit for today.
Just closed a Eur/Aud trade for 11 pips…about 50/50 price as going to continue. For today, PA has about exhausted itself.
We’re in on a NZD/JPY short trade now…target is for it to go around the 85.9 range.
Alright so we’re done for the week. Results will be updated in the first post. Week 1 was actually only three days of trading. I expect to be trading quite a bit more next week. Have a good weekend everybody!
[B][U]London Session - January 29[/U][/B]
Take a look at the GCad charts on the 4H chart. There was major resistance this morning where price went up to so we grabbed some short trades there. GCad is in a long upwards trend, but this was a low risk trade for a retracement play.
We’ve got stops set at 1.85290. PA could easily bounce back up there as it’s only 15 pips away, but profit is locked in so it’s all good. Possible price could drop another 100 pips over the few hours too, we’ll see how it plays out.
[B]Update 1 - 10:30[/B] - Just closed one of the four trades, seems PA could bounce back up and it’s at the floor right now. 40 pips were just booked. Three trades continue to remain open. If price breaks below 1.85, SL’s will be moved.
[B]Update 2 - 10:36[/B] - Price has broken 1.85, stops moved 14 more pips.
[B]Update 3 - 10:47[/B] - SL hit. For these GCad short trades, 175 pips booked.
