This strategy is based on a combination of medium and short term channels. Using trendlines in the medium and short term I can identify buy and sell opportunities.
100% of trades are market orders
Trading hours:
5 am EST to 4pm EST Monday to Friday (for North American traders)
10am GMT ro 9pm GMT (for European traders)
**European traders must make due diligence to keep up with daylight savings times**
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I trade EUR/USD - GBP/USD - USD/CHF - USD/CAD
Correlation between these currency pairs are also considered for each trade. (Example: if I buy EUR/USD it means that I sold USD against EURO, because of this I will try to also sell US Dollar against other currency pairs that I trade unless the other pair or pairs are moving in a different direction
No trades are kept over night
You can expect an average of 4 trades per day - 20 trades per week
I aim to make between 50 to 200 pips per day
I aim to make money in rising and falling markets
This strategy is based on price action and because of that I am well positioned to gain in both trending and sideways markets
My number one goal is to preserve capital while consistently gaining
The reason for using 4 concurrent lots is to be able to trade the 4 pairs at the same time. The reasoning behind this is that not all pairs perform well on any given day.
I trade 4 pairs simultaneously to be diversified and to be able to take advantage of moves in all 4 currencies. This increases our chances of being profitable and also helps to offset losses that may be incurred in trades that go against us.
This strategy is not a set and forget system. It requires active monitoring of the markets. Our day starts before the European lunch hour and ends at the end of the North American business day.
I have been trading for 4 years
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