MY JOURNEY
started off as an 18 year old guy, learnt almost everything there was to the business. I made my first
deposit in September, knowing wel of money management with my small 9.50 dolaar account. i raised it
well to 50, seeing how good and profitable i was, i started thinking maybe im just weigh too good, so the
initial concepts which led me to 50 of risk and money management, greed and fear avoidance all started
leaving me and that was how i blew my first account. Thinking i was good enough to leave behind those
wwho came to power with me.
I was taught by my lil bro, cousin, he taught me first the concept of liquidity sweep and I used that well
and i thought that was all there was to trading buh my demos didnt last that long. He went ahead and
gave me books, I read a lot of them and saw different strategies and implemented those on the market
and i started winning about only 1 out of 10 trades and due to greed and pressure i made my first
deposit as above and blew my account
Being a new trader, i had the mindset of every other trader, thinking there was a 100% hidden but
available strategy which tells you when to trade, i foud it, i made it myself by playing around indicators,
moving averages, it was god but only up to a point when i realised though its good i can make more.
I had many mentors and friends in the field so we exchanged infomation as i grew in knowledge and
attained the strategy im using now. Inn this journey from february, when i started to this point, October
13, i have learnt a lot and im hoping next time i deposit into XM broker, ill use everything i ever learnt,
risk management and the strategy i had help from my brother putting in place and the concepts i copied
from Jea and see how long i manage to make it.
primal code
1. follow strictly strategy rules under play
2. dont over risk, NEVER
3. max open positions= 3
4. for every 10 dollar available, risk 3 dollars max
5. trade strictly working days only
6.once i decide im willing to risk, i dont quit, untill i break even on first TP
7. when i find no genuine setups or am unsure of the market directions on GBPUSDJPY pairs, leave the
market alone .
8. strictly 4 maximun trades a day
9.shifting from deriv broker to XM
TG 189 STRATEGY(0789137483)
4Hr Candle Range Open\Close
: 23:00-03:00 CAT 17:00 - 21:00 ET
03:00-07:00 CAT
21:00 - 01:00 ET
07:00-11:00 CAT
01:00 - 05:00 ET
11:00-15:00 CAT
05:00 - 09:00 ET
15:00-19:00 CAT
09:00 - 13:00 ET
19:00-23:00 CAT
13:00 - 17:00 ET
Optimum trade time USDGBP : 14:00-17:00 CAT (0900 NYT Model)
4Hr candle closesand open times:
THE PLAN
Minimum Daily PT= 0.25 0f the account equity.
Maximum Daily LA= 0.1 0f Account equity
{News trading entry 1.1
•
If a currency losses value, traders look to sell it and conversely if a currency gains value, traders
look to buy it. The physcology is that when a currency losses value, investors loose intrest in it
and conversely when a currency gains value investors gain intrest and thus buy the currency.
•
Say Japanese yen, one of my favourites, losses value, the GBPJPY and USDJPY pairs will go up.If
the GBP currency gains value, the market will move up as investors gain trust in it.
•
Today (1/11/2024), NFP, the currency pair which i was watching and apparently had a trade in
went significantly up, this is because the usd was facing uncertainities, thus instability.
•
I entered my trade based on the two concepts, a resistance level which fortunately happened to
align well enough with my are of prima intrest and yaaa im in money now as i hheard for my tp
to be hit.
Entry 1.2
(Impact on the GBPUSD as an example)Rising inflation in the UK can lead to an increase in the value of
the pound against the US dollar. This is because higher inflation can prompt the Bank of England to raise
interest rates, making the pound more attractive to investors seeking higher returns ¹.
: When interest rates rise in the UK, it becomes more expensive to borrow pounds. This can lead to
increased demand for the pound, causing its value to appreciate against the dollar. Conversely, when
interest rates fall, the pound's value may decrease.
Buy GBP/USD: If you expect UK inflation to rise and interest rates to increase, buying the pair may be a
good strategy.
- Sell GBP/USD: If you anticipate UK inflation to decrease or interest rates to fall, selling the pair might
be a better option.
}
An advice from me to future and current me, by leaving emotions out, this includes fear of holding a
trade to the actual tp, fear of missing out of a trade and most impotantly greed, I, anyone, stands to win
big and in the long run profit.(Todays entry was one of my finest)
MY BASIC ENTRY MODEL
MSS