BZero
Private, 1st Class
- Messages
- 56
SL hit. -1R / -$202.75Trade 4:
USDCHF short
Entry: 0.92131
SL: 0.92491 (36 pips)
TP: 0.91591 (54 pips)
Trade 5:
NZDJPY long
Entry: 77.779
SL: 77.359 (42 pips)
TP: 78.409 (63 pips)
SL hit. -1R / -$202.75Trade 4:
USDCHF short
Entry: 0.92131
SL: 0.92491 (36 pips)
TP: 0.91591 (54 pips)
Good luck with this - smash it. Stick to the plan.Disclaimer: This might not be an interesting thread to follow. There's no holy grail strategy to be learned here, I'm afraid. I'm only making this thread for myself, in an attempt to keep myself publicly accountable. My goal is to post every single trade I take. My hope is that this will stop me from deviating from my trading plan during drawdown periods.
I'm not gonna share the exact rules of my strategy here, but I'm basically trying to identify liquidity pools above/below SnD zones on H4 and place limit orders in those areas. I have an indicator that helps me quickly identify SnD zones, but it's not a 100% mechanical strategy. How far above/below the zone I place the order and how wide the SL will be both depend on a mix of mechanical rules and discretion. I can choose to ignore a signal for whatever reason, and if I get the same signal on several correlated pairs, I use my discretion to choose which pair to trade (or whether to split the risk between the pairs). For the most part I let the trades run to either SL or TP, but I allow myself to close trades early for whatever reason. TP is always set at 1.5R and I risk 2% per trade. I trade the 28 majors and their crosses.
I have deposited $10k into the account. Starting on monday.