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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.