9 losing trades - back to the drawing board

Maybe I should add more indicators other than pivots. Trade safe!

Yours

X

Failed Trades - 50% loss - 300% total

lost 2 trades today - the bounce didn't happen and the trades didn't reverse. was positive on a trade for 5k, and decided to TP and exploit a different pair for better potential. at 102k now. Trade safe!

Yours

X

NZD/USD 100% trade - 345% total

Perfect trade netted 100% - now at 345% gains (116k). Went long 24 pips for the bounce off today's pivot. Trade safe.

Yours

X

Vanishing Paper Gains to 65% gain - 240% total

I just saw a 50% paper gain vanish before my eyes. While I definitely understand the rationale of letting my system play it out, there just that "aww shoot" feeling y'know? Like why can't I just TP and imagine that it was a trade I'd never placed in the first place? Haha... Oh well, let's keep it up for now. It's been a mere week into this current strategy. I'm still thinking of my 1 pip TP strategy all the time though! Trade safe!

Edit: I got back to 65% gains and closed it out, as that was at the R1 level today where it had bounced off once today. So I took that as new info and adjusted my trade accordingly. I'm still comfortable being a little dynamic at least. But guess what, I should've left it and would have netted an additional 30%!  Trade safe.

Yours

X

200% gains

Woke up to another winning trade. At 75k now. EUR/JPY, TP 46 pips, SL 30 pips, went long for the bounce off pivot. JPY crosses have tonnes of volatility, so far they've been my better trades. Trade safe.

Yours,

X

Finally success - 100% gains

I have finally broken through the 60% mark to hit 100% gains. Perfect trade set up and execution when AUD/USD hit S2, and I went long for 25 pips with a SL of 15 pips. Now on 52k from 26k. Let's keep this going!

Interestingly, I met a fellow CFD trader yesterday. He said he'd been doing it successfully for years! Ultimately he uses the basic strategy rules, but one thing I grabbed off him was his RR of 1.6. Perhaps that's indeed the magic number and that's what I used for my last trade. I've always found that the common RR of 2 or 3 is always quite difficult to hit. So maybe this is indeed the magic number?

The basic strategy he had was - Follow rules emotionlessly - so he only does orders and never live trading; max drawdown of 5% (I use 20% thereabouts currently to see if I can achieve more massive gains); using last known supports and resistances as SL (I didn't ask what timeframe though); and trading in US and HK stocks; don't use CFDs as a main source of income (something I differ in, and that's why my max drawdown is so high, haha...); and he's using CIMB as his platform. He said returns can probably hit 100% annually, so I'm taking that as an indication to keep pushing this envelope - and to fall back on a safer strategy of a lower percentage max drawdown, if my attempts to breakthrough that don't work.

My next goal is to hit 400% returns. Let's see if I can get there. Trade safe.

Yours

X

2 failed trades. Back to 20% gains

I realised a 2-day trend - all my failed trades were taken after 1700hrs. Perhaps I should continue observing to see if this is yet another set up I can exploit - bursting through pivots from 1700hrs onwards, while bouncing off them, from 1000hrs - 1500hrs. And indeed, my 60% gains limit continues to hold! Trade safe.

Yours

X

Perfect set up and execution

EUR/USD hit the pivot from R1. So I went long for 19 pips (nearing R1) with a 12 pip SL (abt halfway to S1. Perfect trade for 20% gains. Back at 60%. Trade safe.

Yours

X

Open Trade - EUR/GBP at S2 - Closed for 19%

Opened IG, saw some pairs in the middle of pivot points, and saw EUR/GBP at S2. So took a trade 15 pip stop, 18 pip limit (cos S1 was only 10 pips away). Running a $700 profit now. Let's see where it goes.

Some hours later I logged in and saw $8k gains. Another 5 pips to my TP at today's pivot, so I decided to leave it, but pushed my SL to S1. It reversed and I ended with 5k gains. "Lost" 3k, but 2 learning points - you never lose money when taking profit; I wonder what would have happened if I left it overnight instead. Once again, I have hit the 60% gain level - 65% actually. Can it be pushed even further, or will I start losing again? Trade safe!

Edit: turns out I would have hit TP if I'd left it. Haha! I also hit another 20% loss off a losing trade, so indeed 60% might just be my magic number! We'll see how tmr goes...

Yours

X

Wow. What a trade.

So one of the rules is don't trade every day. I am physically restricted to my own free times, so that naturally takes care of that rule.

I went in looking at the various majors and saw AUD/JPY at S3. It had hit S3 twice on the 15m timeframe. So I went in for a 15 pip stop and 30 pip limit. Whoa. Somehow it struck gold in just 20 minutes. My biggest ever trade win - 46% gain in one trade. At 38k now. And it actually gained another 10 pips as I typed this. Went up to S2, and then flew back down 15 pips towards S3. Phew. Imagine the possibilities. Trade safe.

Yours

X

Pivot Point Strategy

OK so this is what I'm going to do. At the start of the day, I'll set alerts 10 pips above and below resistance and support levels. Then I'll go for reversals, 20 pips, with a 10 pip stop. Good R:R. I'll also cross reference with other correlated pairs to see if the direction is the same as added confidence. Let's try! Trade safe.

Yours

X

Time for a new strategy - 55k to 26k :(

Haha... Somehow Everytime I hit a 60% profit, the strategy collapses. Maybe I should just aim for 60% and call it a day!

So far so good... 60% gain

Haha... Famous last words, but saw a great trade that validated the strategy. The signals app got stopped out on a trade, but I stayed in it cos I saw it was at a pivot point and it really reversed for a 15 pip gain.

At 55k now, 60% up. Hope I'm still here after a year! Trade safe.

Yours

X

Back to the drawing board

So I managed to creep from 31k to 53k. But then position went against me and I got stopped out for 20k.

I had been pretty indiscriminate with the trades, basically trading every single signal I saw. To adjust the strategy, I think I'll stick to pairs with spreads of less than 1-2 pips, and also cross reference against pivot points. Hopefully this further increases the winning probability.

So starting again at 34k - let's see where this goes! Trade safe.

Yours

X

42% returns in 1 day

So I started this free signals app. Tried it for a bit on my demo account. Wasn't very clinical about it, just trading generally in the signal directions, no real rules. Went from 35k to 42k and dropped all the way down to 25k. I was using money management, but this signals app had a RR of 25:18. Also not ideal, but I understood it, coming from my initial 2 pip strategy (higher probability of wins).

I then decided to tweak the system a little. Firstly, I trust the direction of the signal, since it's probably used a bunch of algorithms to get it. Then, instead of going for the suggested 18 pip gain, I just use a 5 pip limit. I then forget about money management, and dump my entire margin in.

Well whaddya know. 42% gain in a day. 10 trades out of 10. Made $13,000 off $31,000. Not my best return (I'd made 180% before remember - but that was with not much of a system. AND I'd lost it too), but really my best return off a systematic technique.

It's an incredibly risky technique cos there's absolutely no money management. And I do not have a recovery strategy cos I go all in. RR is about 10:1. Which is about 40% of my account.

But well. Since we're trying this out for a year, let's see where it goes again! Trade safe.

Yours,

X