A layman's trading journey from £1000 to £10,000 in 9 months
Simplicity was the core of my trading strategy.
Average pip size: $0.30
Instrument: Dow Jones (US30).
Drew Support/Resistance lines on Day/4H chart.
Time frame: 4 Hours.
Three indicators; MACD (The Moving Average Convergence/Divergence) 12.26.9,
RSI (Relative Strength Index) 14.2 and
SO (Stochastic Oscillator) 14.6.6.
Entry/Exit: Signal line crossover on RSI+SO in over-bought/over-sold zone, MACD crossover.
Confirmation: Price touching support/ressitance values and Heikin-Ashi.
No Stop Loss. The maximum drawdown was £1700 in the middle of May and had to top-up the account due to a margin call but withdrew the amount deposited soon as trades matured.
Please feel free to poke holes in this, after all, constructive criticism is the only way to truly improve.
Average pip size: $0.30
Instrument: Dow Jones (US30).
Drew Support/Resistance lines on Day/4H chart.
Time frame: 4 Hours.
Three indicators; MACD (The Moving Average Convergence/Divergence) 12.26.9,
RSI (Relative Strength Index) 14.2 and
SO (Stochastic Oscillator) 14.6.6.
Entry/Exit: Signal line crossover on RSI+SO in over-bought/over-sold zone, MACD crossover.
Confirmation: Price touching support/ressitance values and Heikin-Ashi.
No Stop Loss. The maximum drawdown was £1700 in the middle of May and had to top-up the account due to a margin call but withdrew the amount deposited soon as trades matured.
Please feel free to poke holes in this, after all, constructive criticism is the only way to truly improve.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.