The Artist
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Hi,
I will start posting up my trades as well from now on. I think I can only benefit from it and some people might also benefit from the questions/concerns that may arise.
I have an entirely systematic approach based on technicals. Which means that my entry and exit points are predetermined according to a specific strategy and the strategy applies equally to the 3 instruments I focus on: EUR/USD, EUR/GBP, AUD/USD.
Unfortunately (or fortunately if I keep on losing $), I will not share the details of the various signals I use for now, however I can summarise the system to be volatility-breakout based. That is, I try to open a position after price has somewhat contracted in order to pick up an interesting break up or down. For those familiar with Bloomberg, some of my inspiration came from the "binary strings" study which was developed by Bruno Dupire, the father of the local volatility modelling of volatility surface. The rest came from observation of the FX markets which I have been trading on and off for 6/7 years.
I have a very rigid 40, 60, and 70 pips stop rule for EUR/GBP, AUD, and EUR respectively with a trailing stop loss or fixed target for exit if hit (+100 on EUR/GBP, +200 for AUD and EUR). I may modify this after a while if ATR becomes significantly different from recent market conditions.
For entry, I use 30minutes charts which is why all my trades will open on an half-hourly time. On average, I expect to make about 150 pips per month and will have 6 or 7 trades.
So that's it I will post the charts and entry/exit points as early as I can, sometimes before I get in or out if possible. I use IG Index to spreadbet and the charts package which comes with it. Good luck to me.
I will start posting up my trades as well from now on. I think I can only benefit from it and some people might also benefit from the questions/concerns that may arise.
I have an entirely systematic approach based on technicals. Which means that my entry and exit points are predetermined according to a specific strategy and the strategy applies equally to the 3 instruments I focus on: EUR/USD, EUR/GBP, AUD/USD.
Unfortunately (or fortunately if I keep on losing $), I will not share the details of the various signals I use for now, however I can summarise the system to be volatility-breakout based. That is, I try to open a position after price has somewhat contracted in order to pick up an interesting break up or down. For those familiar with Bloomberg, some of my inspiration came from the "binary strings" study which was developed by Bruno Dupire, the father of the local volatility modelling of volatility surface. The rest came from observation of the FX markets which I have been trading on and off for 6/7 years.
I have a very rigid 40, 60, and 70 pips stop rule for EUR/GBP, AUD, and EUR respectively with a trailing stop loss or fixed target for exit if hit (+100 on EUR/GBP, +200 for AUD and EUR). I may modify this after a while if ATR becomes significantly different from recent market conditions.
For entry, I use 30minutes charts which is why all my trades will open on an half-hourly time. On average, I expect to make about 150 pips per month and will have 6 or 7 trades.
So that's it I will post the charts and entry/exit points as early as I can, sometimes before I get in or out if possible. I use IG Index to spreadbet and the charts package which comes with it. Good luck to me.
