Laurus Trading - Reasonable risk and immense long-term return
My trading relies on price action and standing management aimed at steady routine daily profit (1% - 2%) with not too high drawdown (maximum 30 percent ).
Instruments
EURUSD
GBPUSD
USDJPY
USDCAD
DAX
SP500
Timeframe
H1 to draw S/R lines
M15 to put in the transaction
Chart
into attachement
Entry
With fad (from H1 interval ), following pullback to S/R lineup
Decision supported by Stoch, EMA100 and Pivots
1st position is opened following initial signal
2nd position could be opened (from limit order) at a greater price on nearest local support/resistance
Discontinue loss
Hedging - when the price goes in opposite direction I begin to progressively: receptive opposite positions and close initial rankings. I close new opposite positions on following major S/R
Take profit
To the next Neighborhood S/R. Usually about 20-30 pips
Disclaimer
Please be aware that any information offered within this thread should not be construed as trading hints, recommendations or investment advice and is supplied without any warrants regarding its accuracy.
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I am open to suggestions and questions regarding my trading - maybe there is something I will change in order to get better outcomes. I will be posting here my trades - it is possible to follow my trading additionally on Trade Explorer.
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