Daily strategy

I was able to grow my account by 3% using this strategy and the actual strategy has failed (price never moved down as anticipated) so had this actually worked I would have grown my account by a whopping 15% making $1500 in a day by placing 4 0.12 lots. .
So the new strategy is simply spotting a pinbar on a Daily chart and basically applying your Fib tool to identify 50% of this candle. Prepare to Place 4 pendings in this location/ careful, as the price will typically go the opposite first and you will want to catch your entries on its way back (use 50 ema crossover on a 4H chart), now place you SL, TP of 100 and 161 and leave your charts to “cook”. It makes no sense to watch your chart for 24 hrs since it’s a long term setup - however, you will want to check in during high volume times - NY session, 3-5 o’clock, and if your awake during London (which Im not). Set a loss to equal 1% or 0,5% - nothing to crazy, I’m not advocating crazy risks.

UPDATE:
Modified strategy "MARATHON" for the daily setup is a very long-running setup with a very high risk-reward ratio, and wonderful stats (I had something close to 90% success with it, unlike previous 1-candle strategy).

So - let's set our conditions.
1. Spot a Pinbar on the Daily chart. A pinbar should "stick out" making a "mountain", and should not be making a row of similarly sized candles or triangle shapes - in other words, the chart which is ranging may not play out correctly.

Now, you can enter with small lot - expect this trade to play out for as long as several weeks - from several days to a week on average. So I like to enter small on the daily, and then I await the very first retracement - could be 1 or 2 candles in the opposite direction. This setup "always" retraces first so don't miss out the first entry. If you missed out, wait for the retracement to finish and enter at the first continuation candle. It's good if your retracement candle is an "inside candle" which will definitely speak in favor of a solid setup.

Your second entry will be at the break of that second retrace, you can expect a very strong market flow and hardly any drawdown. In other words its a very strong setup.

Strategy 002, Intermediate, Magic Breakout. 120 P Target.

Basic Setup. Author - MagicBreakout Timeframe - 1 H EMAs: 34EMA set on High, Close and Low which are all forming a "WAVE" CCI: period 20, levels 100 and -100 ~~~~~~~~~~~~~~~~~ Description: What we are looking for here is a valid "swing" pattern in a trending market. A valid swing pattern is in effect when price was going up for a while, and then suddenly broke up in the opposite direction above the "wave" in a sort of triangular pattern. For a SELL signal, the following conditions must be met: 1.After a triangular "swing" into the wave, price now comes back below the red line of the "wave" (34 EMA set on Low). 2.Price now lingers above CCI +100 for at least 5 candles. (I have taken the setup with less candles, and it was valid). 3.Set a stop sell order(s) at the low of the range that's formed. At least 2 orders. (This is my take on the strategy, an official rule is "sell the 6th candle") 4.CCI -100 crossover happens as additional confirmation. Opposite is true for a BUY signal: 1.After a triangular "swing" down into the wave, price now returns above the green line of the wave (34 EMA set on High). 2.Price now settles into a range for a few candles (ideally 5 candles, but I have taken this setup with as few as 2 candles). 3.The official rule of the strategy states we wait for 5 hours (candles) and if the price is under -100 CCI, we buy the 6th candle. We don't want to enter if a breakout happens too fast - if it does, mission abort, a fakeout is most likely to happen. However, I have been pretty lax with this rule (about buying the 6th candle) and I am doing just fine. I will demo this for you for 10 trades - as long as you set a "buy stop" order 5 pips above the swing high (of the range that's been forming here), you'll be just fine. Exit Strategy and Targets: With a delicious title of "120 pips" we sure have whetted appettite and I'm curious about this strategy's targets: we use Fibonacci settings of 0@%$, 1@%$, 1,6@%$ and 2@%$ - enter these into "description" box for Fibs so you can actually get a visual on your prices if you're using MT4. If you're using TradinView, you should be getting your prices automatically. First target - at 1.6 Fib, Second target (not always reached, but sometimes overexceeded) - at 2 Fib, Stop Loss - at 0. Do NOT let your profits go to 0 however. My suggestion here is open 5 orders, take the first 3 orders at 1.6 FIB and then let the other 2 run, constantly adjusting their SL to 50% of the profit. In my experience so far with this strategy, if your price doesn't keep going past 1,6 Fib, it will likely reverse there.

Forex Strategy 001 - Simple - Blue Mountain - 30 PIP target, 15 PIP stop loss

Author: UKspreadbetting Pair: Gbp/Jpy Timeframe: 5M Indicators: 25 period EMA Entry: at the break of the low of the pinbar.

Directions: This strategy means that we're looking for at least 30 degree slope (very strong trend) and price is above 25 EMA. I also setup 50 SMA to clearly show the trend. THEN, we are looking for a pinbar on the 25ema, placing a trade with a 20 pip target into direction of the trend and setting a set SL of 15 pips. Place a pending STOP SELL at the break of the last low (candle with large wick) for another 10 PIPS. Let It Snow Setup This setups occurs on a 30 min chart❄️ (see above) for a much larger target; your second entry will be very close to the Middle Bollinger band.
Stats for this strategy

Introduction

Part 1. Daily ramblings.
Part 2.Organization, Evaluation and Planning as Success Tools.
SKY'S THE LIMIT! 
~~~~Life is WAVES!..~~~~
Waves that go Up. Waves that go Down.
Give and Receive.
Selling and Buying.
Yang and Yin.
Sun and Moon.
Good and Bad.
Happy and Sad.
Man and Woman.
Black and White.
Devil and God.
Right and Wrong.
Birth and Death.

OK, you catch my drift! LOL

   Trading is a lot like this. There's major  highs and lows. Euphoria and Hopelessness. There are high points in the downtrends; and then there's lows on an uptrends. In every good there's bad, and in every bad there's good. Nothing is what it seems, but if you can learn to recognize the big picture, if you can have an awareness of your abilities and the world around you, then you can have hope. And hope will turn into profits. And profits will turn into confidence. And confidence will bring larger profits. And larger profits will bring hope to others!.. There's no stopping us now!..

Are you headed up? Are you headed down? Or, are you stuck in a rut-  ranging, thinking about your next move?. You can ride the waves of market consciously or you can be taken down by a giant wave because you didn't expect it. Life is anticipating waves and riding them with STYLE. Overcoming and triumphing with glory - yes, trading is a lot like LIFE itself and that's why I fell in love with it! .
 
   Market is a wonderful sea of buyers and sellers - market makers and big money become buyers and sellers too. There's really no true separation because buyers and sellers are all one and the same person, wearing different hats and taking profits in a billion dollar industry of trading. It is in the knowing to be on the winning side for the given moment, where we retail traders can also thrive, even in turbulent waters!

  HOW TO BE SUCCESSFUL.

SUCCESS IS CONSISTENCY

Success is achieving something on a consistent basis. Success can only be defined by stable profits, its not really about winning once and then losing for the rest of the month. Its not 10 ITMs, 20 ITMs or even a 100 ITMs. It's not one good day or a one good week when Lady Luck just seems to favor your decisions. Because nobody can be 100% right, trading is not about being right: its about handling of being wrong! How do you handle losses, what is you loss policy, do you keep your emotions in a separate room (or building. or town) or do you become frustrated, angry, sad (i.e. you lost control of your emotional capacity, and instead of money making powerhouse MACHINE you are now an average Joe, an an average Joe works for the Man, and earns what other people dictate to him.)

This is where risk and money management come in handy - of course - but overall it is an honest assessment of SELF and awareness. You may think of yourselves as a money making machine that runs on Oil graded 80%. If other, inferior oils are added into your tank, your machine won't run. You can't trade before that honest assessment is made and you have successfully achieved constant profit. What is the PROOF of success? A proof of success is not a bank account with a stale amount of dollars in it. To me, the proof in the pudding is a Loss and Profit statement - a table - with constant account growth, week-to-week. If you have monthly projection table and you have a  plan which you follow religiously, great. If not, GET ONE. For if you don't know where you are going, you are lacking a map. Every winner needs a GOAL, and let the goal, like FIRE, drive you.

  THE MYTH OF CONFIDENCE. How can one become confident? As in, a confident trader? Basically confidence comes only after profits. All in all, confidence is not a requirement to be successful in trading. Trading brings experience of daily calculated risks, endurance, careful planning/strategy - and practice, practice, practice! Practice is what makes you good. ENDURANCE is a part of life, it is the ability to recognize obstacles as distractions and opportunities for growth - it's in the times of retracements down we, as traders, can enter market, and ride it all the way to the top.

I too have experienced losses. The psychology behind losses is - learn from this, but tomorrow is a new day when you will more than make up for your losses. There are no traders who never experience losses - it's a part of the game. We work on minimizing losses by not over-trading and babysitting our trades, minimizing losses by controlling lot sizes, and strategizing on profit targets. Confidence in trading is not a must but because it comes only after profits, it will allow you to grow your account quicker. :D


  THE POWER OF GOODBYE. I've compiled a calendar of trade setups that I take. I don't claim for these setups to be a holy grail, and they need to be exited in a timely manner in order to profit. So its important to give yourself ENOUGH room to be wrong and set a nice, comfortable stop loss. Stop Loss is there to insure you lock in your profits and continue to thrive as a trader. Babysit your trades with care and love, and move your stop losses so that you can continue to thrive. Market has a mind of its own and sometimes , when we look at these candles on a chart, we know that they represent people: people ruled by fear and greed! So in cases when market is unreasonable, be ready with a solid and gracious GOODBYE strategy, learn to say goodbye beautifully and quickly! In fact, PREPARE your goodbyes in advance, so it will be all the easier to implement. Make them short and don't dwell on them for better or for worse.

  ON WINNING 
May the best man win! Winners take all.
The world is full of great traders that provide inspiration. Winning, just like winning a battle, comes from various strategies for various market conditions. You are not in it to win a war, but to win a single battle at a time. There's no cookie cutter for winning. we might all be familiar with " buy low, sell high" slogan, or " for every seller there's a buyer". In like manner, for every winner there's a loser.  It is up to you to develop a "Sniper" or warrior mentality that serves you well. Cutting your losses in time sometimes IS winning. Surviving the battle to live another day is also a victory. And you will have a thriving account to show for it. Protecting the health of your account is more important than being right. So be accountable!

BUYING VS SELLING.
Is buying better than selling? Not really. However, buying is certainly more fun than selling, people get all excited about that new toy that they just BOUGHT for such an attractive low price. Buying psychology is greed, desire and want. How about selling psychology? Selling is not as fun, it is driven by a need, by a fear, by some news that wasn't great. So you can buy into greed/want, or sell into fear/need - it doesn't matter, we don't need to chose sides, we play a game of the majority.

All in all buyers and sellers come together and establish a dance of fair pricing - evaluating constantly, what something is worth. When there's imbalance of power between buyers and sellers,  we have a reversal. You always want to be on the side of the market or at least be aware/recognize the market conditions.

REALISTIC EXPECTATIONS.
Traders are not part time palm readers. Trading is not about predicting the market but anticipating market waves/moves, and planning your entry and exit ahead of time. There are certain patterns/scenarios that we as traders are aware of, and there's certain behaviors around points of reference - such as value areas and areas of support/resistance. But any sort of prediction rules are bendable and subject to interpretation. There's various patterns that are widely known - wedge formations, double tops/bottoms, Elliot Wave Theory, and others - but the reality of things is that nobody really knows when or where the trend will end. We can only utilize what we DO know, and invest accordingly, by identifying a PRIMARY trend and staying with it (the MAIN trend is your trend). Visually speaking, when the market stops making lower lows/higher highs (failure) or hesitates/ranges in an area, (consolidation), we can start questioning the main trend and keep a journal where Plan A, Plan B and even Plan C is set in place. What to do when you're expecting? What to do when you are in a losing trade? Where to take profit? Write all of your plans down for the successful (next) trading day. TRADING IS A RELATIONSHIP WITH YOURSELF TRADING IS ALL ABOUT BALANCE TRADING IS LIKE EXERCISE - IF ONE DAY IS MISSED, A LOT OF PROGRESS CAN BE LOST. TO BE IN TUNE WITH THE MARKET, ONE MUST TRADE A MINIMUM OF 4 HRS EVERY SINGLE DAY - AT THE SAME TIME IF POSSIBLE