I fully appreciate the saying "Trend is your friend". As a result, every week, I try to know if there is any change in the main trend, intermediate, and minor trends.
I pay attention to price action with very little indicators. I use Fibo levels and trendlines to consider supports and resistances. I try to pick the most likely direction of the move given recent price action and price levels.
My system is 100% Technical based, but most of all trading decisions are taken and executed manually.
My objectives:-
- Capital preservation in the first priority.
- Expected profit target per month is 5% to 10%.
- Aim to keep Zero Draw-Down month on month basis.
Mayafx strategy
function drawChartD() {
var data = new google.visualization.DataTable();
data.addColumn('date', 'Date');
data.addColumn('number', '$');
data.addColumn('string', 'title1');
data.addColumn('string', 'text1');
data.addRows([[new Date(, ,), , undefined, undefined]]);
var chart = new google.visualization.AnnotatedTimeLine(document.getElementById('chart_div'));
chart.draw(data, {displayAnnotations:true,allValuesSuffix:' $'});
}
