Developed a brand new strategy whereby I get to monitor 29 pairs to try and identify reversal breakouts on H1 (coupled with price action). These pairs include all major currencies paired against each other (and may include Gold).
Indicators I use include a modified zigzag indicator and parabolic SAR (nothing more).
I intend pushing my strategy to its limit by risking 50% of my balance which involves me starting my trade with $30 that I'm willing to lose. My aim right now is to reach about $20k (or the nominal volume limit my broker has placed on 1:500 leverage) & hope the market doesn't get to take me out nor slow me down ...
I'm going to break my trade journey into different phases below:
Phase 1: $20 - $200
Phase 2: $201 - $2,000
Phase 3: $2,001 - $20,000
So I'm currently in phase 1 of my plan
Indicators I use include a modified zigzag indicator and parabolic SAR (nothing more).
I intend pushing my strategy to its limit by risking 50% of my balance which involves me starting my trade with $30 that I'm willing to lose. My aim right now is to reach about $20k (or the nominal volume limit my broker has placed on 1:500 leverage) & hope the market doesn't get to take me out nor slow me down ...
I'm going to break my trade journey into different phases below:
Phase 1: $20 - $200
Phase 2: $201 - $2,000
Phase 3: $2,001 - $20,000
So I'm currently in phase 1 of my plan