Every week (during weekend) I will post my new setups trading major FX pairs. I will also name the current status of my accounts. I use 1 FX account and 1 bank account (50:50) end of each month. (because of using no stops, trading over weekend) I use metatrader for input of follower account and PLUS500 account for own money. Starting as low as E 500,-- in FX acc.
If the FX account goes bankrupt (> -50%) then 50% of bank account will be used to start over again.
Therefore I’m able to trade without costly SL’s in the market (SL not required at all times), still not having the risk of going bankrupt completely (FX & bank account blowing up).
Trading / Forecasts of:
- EURUSD, GBPUSD, AUDUSD
- EURJPY, GBPJPY, AUDJPY
- USDJPY, USDCHF, USDCAD
- EURGBP, EURAUD.
PS TheMailMan is follower acc zulutrade. (soon)
Analysis week 2 2019 AUDJPY
After weekend still using the up trend, sell at upper limit till lower limit.
SL 50 pips above upper line price channel.
Lower limit will be the low price of the previous spike instead.
SL vs TP very nice!