Hi,
I will post my trades here for my GBPUSD system, I hope to average 100pips a week. System trades normally at 8am London time with 2 positions, 25pip TP and 50pips TP. Exit any trades pre news. (never advantage holding into news as house edge moves massively in broker favour as spreads go wildly high and fills are disastrous. SL will always get worst fill with chronic slippage and TP get perfect fill. I.e asymmetrical slippage)
Stop loss goes to breakeven on trade2 once the +25pips is filled on trade1. System is manual, I don't use EA. Trades closed at 5pm London Time if SL and TP not met.
I will publish myfxbook to track it.
Stop loss 1.5pips above below latest swing high/lo.
I trade on naked chart, no indicators. I use current trend only and watch for fundamentals very carefully.
Stop loss are placed using lowest lows etc.
100pips a week might not sound much but only 1 pair with low exposure its quite rewarding.
Problem I see a lot of newbies hop from one pair to another. Need to take one instrument and master it.
Beauty about this style is trades are often over inside a few hours, its doesn't require intensive screen time. No much point to be pro trader if you're hogged to a screen day and night. Live your life. Personally I trade anywhere from 500k-$1M dispersed in a mixture of brokers (Spreadbets/ECN/etc) but it can be traded from 1k lots!
Tracker: https://www.myfxbook.com/members/FatFreddie/fatfreddielondontrader/2596267
I will post my trades here for my GBPUSD system, I hope to average 100pips a week. System trades normally at 8am London time with 2 positions, 25pip TP and 50pips TP. Exit any trades pre news. (never advantage holding into news as house edge moves massively in broker favour as spreads go wildly high and fills are disastrous. SL will always get worst fill with chronic slippage and TP get perfect fill. I.e asymmetrical slippage)
Stop loss goes to breakeven on trade2 once the +25pips is filled on trade1. System is manual, I don't use EA. Trades closed at 5pm London Time if SL and TP not met.
I will publish myfxbook to track it.
Stop loss 1.5pips above below latest swing high/lo.
I trade on naked chart, no indicators. I use current trend only and watch for fundamentals very carefully.
Stop loss are placed using lowest lows etc.
100pips a week might not sound much but only 1 pair with low exposure its quite rewarding.
Problem I see a lot of newbies hop from one pair to another. Need to take one instrument and master it.
Beauty about this style is trades are often over inside a few hours, its doesn't require intensive screen time. No much point to be pro trader if you're hogged to a screen day and night. Live your life. Personally I trade anywhere from 500k-$1M dispersed in a mixture of brokers (Spreadbets/ECN/etc) but it can be traded from 1k lots!
Tracker: https://www.myfxbook.com/members/FatFreddie/fatfreddielondontrader/2596267
Fat Freddie London Trader