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What time frame will you use to make your trade?
4 Hour

Which strategy will you trade?
I use several indicators

What is your potential entry setup?
I use mostly momentum/trend indicators with Support, Resistance, and Pivot Point levels.

Many people look at the market based on trend lines and Fibonacci levels. This is GREAT and does work!

But what ends up happening is so many people are waiting for the same support and resistance levels which can be both very good and very bad.

Since I like to focus on consistency in my trading I created a system where I look at the market similar to how I run. My potential entry is based on so many things coming together (which I compare to an athlete training for the big day) and when all these things come together the trade has very little risk and extremely high probability of success. (compared to a highly trained athlete on the starting line of a race)

What conditions will signal your entry trigger?
I am both a leader and a follower. Lets face it I am not the fiance minster of any given country or a billion dollar hedge fund manager. Since these are the types of institutions that determine long term trends usually I look at fundamental data based on what these types of people are doing (plus economic reports) and wait for them to match up to what I am seeing with my trend technical indicators

Where will you place your stop loss?
Normally it should not exceed 100 pips


Will you exit before your stop is hit?
Yes if the indicators change showing their is no longer a trade. Why hold a dead trade?

Which signals will cause you to exit early?
The ones that got me into the trade

ForexWink - system

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 +35.4% (-24.2%)
Get access to forex trading strategy
Pips $
Get access to forex trading strategy
Strategy Name ForexWink
Date Started 2010-03-01
Number of weeks 5
Max concurrent lots 1
Max drawdown for 1 lot 300 (pips)
Min account amount $ 1000
Max drawdown for full amount 60 % OK
Trading currencies EUR/USD, USD/JPY, GBP/USD, USD/CHF, EUR/CHF, AUD/USD, USD/CAD, NZD/USD, EUR/GBP, EUR/JPY, GBP/JPY, CHF/JPY, GBP/CHF, NZD/JPY, AUD/JPY, EUR/AUD, AUD/CAD, CAD/JPY
Pips $
Total +113 pips +$112.38
Total profitability +11.24 %
Trades 17
Profitable Trades 15
Loss Trades 2
Win ratio 88 %
Maximum account level +356 pips +$1354.68
Minimum account level +14 pips +$1014
Max loss -300 pips -$300
Max loss (%) 30.00%
since 2010-04-01 to 2010-04-03
 
 
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