32% overall gain since Feb 18

At 2359, all rules were met. So I went in at 0.77909. Was a little concerned that it was near the psychological level of 0.78, and that we might be at the base of a trend reversal, but there's no such thing as a bad trade as long as you're following your system. So I set a take profit of 7.7 pips instead of 8, to be a little more conservative. Well I didn't really have to fear as the long (as of time of writing) managed to hit 0.777. So not only has my position closed, but I think we could have breached a resistance line.

Yours,

X

4% gain - 27.2% overall since Feb 18

The march towards financial freedom continues... At about 2200,it was a double red. Rules state I gotta wait till 2359 (for good reason as well, cos 2300 can see big movements due to news releases at that timing), but since there was a pretty strong downtrend, plus the price (0.78065) was around the previous close (0.78097), I took an early trade. Checked in again at 2300 since I was still awake (and slightly concerned about the news release), and the position had taken profit once again. Trade safe guys.

Yours,

X

4% gain - 22.8% overall since Feb 18

So yesterday and today, I didn't follow my trade rules :( Here's why:

Yesterday saw 2 green bars. So I should've gone in and I actually would've made my 4% if I had. However, the second green bar actually closed below the first as it had gapped downwards. Hence I was afraid of a trend reversal.

Well what happened was the price rose, but over the course of today it dropped back down. Whe I went in at 2315, it was a red bar. So this means I shouldn't go in as I don't have my double bar. Yet, precisely because I had predicted a downward move yesterday, I expected it to continue downwards. So I set my 100 stop 8 limit, and presto, right before bed I checked in and it had cleared. The experiment continues...

Yours,

X

4% gain, but more importantly, the largest overall returns from a strategy so far!

All rules met, so I went in today. I had traded long at around 2355, and had made some gains already at 0000. I then adjusted my limit to 8 pips off the close, but at 0015 I took a peek and saw I had already gained 4%. So I decided not to be greedy and took profit. Well turns out as I'm writing this, if I'd let my stop/limits run, I would've hit the sweet spot. But it's ok - means I took less profit, but my trading system still works out. Am up 18.8% (from $250) since 8 Feb 2018 - my best track record ever for a trading system! You can see all my trades in the transaction history I've attached today. Note that the losses were due to erroneous clicks as I was still fumbling about the settings, haha... Trade Safe!

Yours,

X

4% gain

So I made a bad trade today. Haha. Bad because it wasn't according to my rules of trading only when 2 colours are consecutive.

BUT... I have a justification. So on Monday, it was a red bar. On Tuesday it was green - so theoretically no trade right? However, it had gapped downwards on Tuesday, and it had a lower high and a lower low compared to Monday, plus although it was green, it closed lower than Monday actually. The whole reason for the double bar rule is to wait for a strong trend.

So I went in on Tuesday at 2359. Set an 8 pip limit on Tuesday's close. And bam, 4% profit. So far I'm up 13.6%. Let's see where this takes us in a year.

Yours,

X

2% gain

Went in at 2230 on Monday and saw one red bar for Saturday and the current Monday price at the open of Saturday. Theoretically, I should wait till 2359 to see if the Monday bar were red, and if it were, I'd go short with a 100 pip stop and an 8 pip limit.

However, if the pressure was gonna keep going down, it would mean entering at that price would definitely put me in a better position than waiting till 2359 - assuming of course Monday were red.

So I went for it, and saw a 3.9 pip gain in 5 minutes - which I closed out cos this was a trade that wasn't really according to the rules, but had elements of it. So I should be happy to take some profit, 2% no less. $5 gain on a $250 capital. The remaining 1.5hrs could've seen a jump up for a green bar, meaning a no-trade day.

So let's set the alarm for 2359 and see if my trade set up (2 same colored bars on Monday, Tuesday or Wednesday) strikes.

Yours,

X

Latest Strategy

So I'm back with a new strategy! Haha... 1-pip is really too slow so I've been trolling through historical candlesticks and think I've found something pretty reliable.

Trade only on IG, AUD/USD, on Mon, Tue and Wed only, at 0000hrs. This finally follows some of the principles I've read about, like identifying the best times and currencies to trade for you.

Enter only if the previous 2 candlesticks are going in the same direction, limit to 8 pips from the previous close, stop loss at 100 pips. Risk-reward still very low, but much better than any of my earlier strategies.

Why 8 pips? Cos historically, 2 same coloured candlesticks lead to at least a 10 pip high the next day. Taking a 2 pip spread into account (which I've seen before on IG), that makes it 8 pips.

So far I'm 2 trades out of 2. Doing a low capital this time of $250. If I'm still here in a year's time, we'll bump that up!

Yours

X