Ok, Last Trade for today.
In the chart, you can see that we have a 2nd Dot form followed by a Down Gap in Price.
I entered a Sell and Voila - finishing the day at 50.20%
I updated my spreadsheet, you can see the Fund X compound figure starting to take off as we accumulate the trades.
20 Days of trading will be good, 40 days will be even better:-)
Xard777
Create a trading opportunity where you trade for six months of the year and go do something else (not Trading related).
After the summer break when all the kids are back in school we see the market take off again for the three months leading up to the Xmas break and then again come the third week in January when everyone is back to work, the next 3-month busy period (being Feb, Mar & Apr) and the cycle repeats. During this time we can hone our trading skills and attain a daily percentage target that we are comfortable with and accumulate our funds by repeating the process each trading day knowing that we are trading at the best times of the year and the best times of the trading day being London and US sessions.
Keep It Simple Stupid (KISS) keep your eye on the chart trading as price crosses the 5 min Trend line and repeat this process several times per trading day until you hit your daily target (and a bit more). Most of your meat will come off the 2nd Dot and you are not going to get 300 and 400 Pip$ moves, settle for 30, 40 & 50 Pip$ per trade on Indices and start with a 2% or 3% daily target being increased to 7% or 9% the following three-month cycle and slowly build it up from there.
Don't let anyone tell you that it is impossible, type in your daily trading percentages to see what is possible and believe in yourself.
Attachments forums
Re: XARD - Simple Trend Following Trading System
xard777, Fri Sep 09, 2022 5:02 am