Strategy: Harmonic Pattern Trading

Target profit: 75pips per week
Indicators: Channel Movement, Harmonic Patterns, RSI
Important chart pattern: double-top/bottom and Head & Shoulder, divergence and convergence
Important candlestick: Doji, bullish/bearish engulfing

My Trading Mantra

1. Objectively identify my edges - I have a system here that works.
2. Pre-define the risk of every trade.
3. Completely accept the risk. Consider the money GONE.
4. ACT on my edges without reservation or hesitation. Follow the rules and take every trade that meets the conditions.
5. Pay myself as the market makes money available. Take the profits and be happy. Even if compounding my account, pay myself something out of my profits each month.
6. Continually monitor my susceptibility for making errors.
7. Understand the absolute necessity of these principles, and therefore I never violate them.

Saturday, March 1, 2014

442 pips for Feb 2014

Results show a thousand words. Did well for the past months. This month's absolute return is about the same as last month, although last month's pips in total is more.
 
Looking forward to trade for month of March 2014.
 
Your trade results will show if you are doing what is correct or you are doing what you like
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Tuesday, February 25, 2014

Euraud H4 cypher

Your trade results will show if you are doing what is correct or you are doing what you like
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Audusd H4 cypher

Your trade results will show if you are doing what is correct or you are doing what you like
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AudChf H4 Cypher

Your trade results will show if you are doing what is correct or you are doing what you like
 
 
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AudCad H4 Cypher

Your trade results will show if you are doing what is correct or you are doing what you like
 
 
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Tuesday, April 30, 2013

AUDCAD H1 BAT short position

Waiting for BAT pattern to complete. Pending short position.

Your trade results will show if you are doing what is correct or you are doing what you like
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EURGBP Daily BAT long position

Waiting for BAT pattern to complete. Pending long position.


Your trade results will show if you are doing what is correct or you are doing what you like
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