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PegasusFX (By PegasusFX)

Gain : -12.82%
Drawdown 19.76%
Pips: 10.7
Trades 90
Won:
Lost:
Type: Real
Leverage: 1:50
Trading: Manual

PegasusFX Discussion

PegasusFX (PegasusFX)
Apr 08 2016 at 17:28
142 posts
Hello all visiting this page. I will be postponing trading on this account until July 2016. The reason for this is because my current strategy is not producing enough good trading set ups which I feel will create viable opportunities to make pips/profits for myself and possible investors for the long term. I have been back testing as well as forward testing new strategies for the past year and hope to have a new strategy ready to start again with for July 2016 that has positive expectancy. Please note any new strategy produced will still have my focus on defence, looking after pips first and foremost before making profits. This means no Martingale, Hedging or Scalping techniques used. Cutting losses early, locking in profits and monitoring key fundamental news items that can affect the currency pair I am trading is of the utmost importance. Please stay tuned for updates. Thank you for your time.

Attachments:


Welcome to Pegasus FX. I trade safely and responsibly, minimizing risk at all times
trendfollowers
Apr 09 2016 at 10:38
276 posts
Lol! Perhaps it will turn around when you do everything in reverse?

If you want to go fast, go alone. If you want to go far..Go together..
PegasusFX (PegasusFX)
Jun 02 2016 at 01:45
142 posts
DATE: 01.06.2016 // PAIR: GBP/USD // RESULT: No Trade // SUMMARY OF TRADE: No trades today as no new price action signal formed. We have ADP, EUR Interest Rate Decision as well as EU Speech from President Draghi all tomorrow so will be paying close attention if I am entered into market before any of these events.

                                               ***MONEY MANAGEMENT || COMPOUND INTEREST STRATEGY***

Strategy back tested over 4 years has produced ON AVERAGE +1500 pips per year. By using compounding interest money management technique, this strategy can turn an initial balance of $10,000 into $1,600,000 ($1.6 Million) over the course of 10 years by using 4% of capital per trade. Even though I use 4% of my capital per trade, I would advise followers to allocate only 1-2% of their capital per trade if you are risk averse.

COMPOUND INTEREST FORMULA >> i) BALANCE: $10,000 ii) 4% PERCENT OF BALANCE PER TRADE = $400 iii) MAX DRAWDOWN PER TRADE: Max 1 Position X 90 Pip Stop Loss = 90 Pips Maximum Drawdown per trade iv) CALCULATION: $400 ÷ 90 PIPS = 4.4 Lots per pip/point (0.44 Mini Lots) per pip/point. [*Followers can change lot allocation daily, weekly, monthly or yearly but I advise daily if possible]

                                                                    ***TEN YEAR RETURN PLAN***

YEAR ONE >> Starting Balance: $10,000 | Profit: $6666 | Closing Balance: $16,666
YEAR TWO >> Starting Balance: $16,666 | Profit: $11,110 | Closing Balance: $27,776
YEAR THREE >> Starting Balance: $27,776 | Profit: $18,517 | Closing Balance: $46,293
YEAR FOUR >> Starting Balance: $46,293 | Profit: $30,862 | Closing Balance: $77,155
YEAR FIVE >> Starting Balance: $77,155 | Profit: $51,436 | Closing Balance: $128,591
YEAR SIX >> Starting Balance: $128,591 | Profit: $85,727 | Closing Balance: $214,318
YEAR SEVEN >> Starting Balance: $214,318 | Profit: $142,878 | Closing Balance: $357,196
YEAR EIGHT >> Starting Balance: $357,196 | Profit: $238,130 | Closing Balance: $595,326
YEAR NINE >> Starting Balance: $595,326 | Profit: $396,884 | Closing Balance: $992,210
YEAR TEN >> Starting Balance: $992,210 | Profit: $661,473 | Closing Balance: $1,653,683

[*Please note, these calculations are based on changing lot allocation only after each year]

Attachments:


Welcome to Pegasus FX. I trade safely and responsibly, minimizing risk at all times
PegasusFX (PegasusFX)
Jun 02 2016 at 22:20
142 posts
DATE: 02.06.2016 // PAIR: GBP/USD // RESULT: +15 Pips // SUMMARY OF TRADE: A bullish price action formation entered me into the market at 13:00 BST at the close of 9am 4 Hour candle. I had to close this trade rather quickly as President Draghi was scheduled to speak at the ECB Press conference at 13:30 BST and I do not trade during his speeches as the chance of erratic volatility is high. Closed at +15 Pips for the day.

Attachments:


Welcome to Pegasus FX. I trade safely and responsibly, minimizing risk at all times
PegasusFX (PegasusFX)
Jun 04 2016 at 00:57
142 posts
DATE: 03.06.2016 // PAIR: GBP/USD // RESULT: -13 Pips // SUMMARY OF TRADE: A bearish price action formation entered me into the market at 01:00 am BST. Price ranged around near my entry price during Asian and London sessions. I had to close my position for a small loss of -13 pips at 13:00 BST as the NFP news item was going to be released at 13:30 BST. It is good I stuck to my trading plan, as the NFP news propelled pair in bullish direction to over 150 pips in just under two hours. My stop loss of 90 pips would have been hit if I did not close trade at 13:00.

A second trade was opened in bullish direction at 17:00 and is still open, just around 9 pips below entry as the market closed for the weekend.

Attachments:


Welcome to Pegasus FX. I trade safely and responsibly, minimizing risk at all times
PegasusFX (PegasusFX)
Jun 06 2016 at 22:36
142 posts
DATE: 06.06.2016 // PAIR: GBP/USD // RESULT: -153 Pips // SUMMARY OF TRADE: My bullish open trade from Friday 3rd June gapped down over 50 pips when the markets re-opened on Sunday night. Price then fell further and hit my stop loss for a full -90 pip loss. I have updated my trading plan and no open trades will be left open on a Friday night.
A bearish price action formation occurred early Monday morning, however price did not really pass my entry and instead moved upwards and ranged throughout the London and US sessions. I had to close this trade for a minus -63 pip loss at 17:00 BST as Fed Chair Yellen was speaking at 17:30

Attachments:


Welcome to Pegasus FX. I trade safely and responsibly, minimizing risk at all times
PegasusFX (PegasusFX)
Jun 07 2016 at 21:47
142 posts
DATE: 07.06.2016 // PAIR: GBP/USD // RESULT: +90 Pips // SUMMARY OF TRADE: Bullish price action formation on pair was formed early at 05:00 am BST. Price rose rapidly in bullish direction in the next 30 minutes and reached +180 pips, easily hitting TP target of +90 pips. The recent UK Brexit Polls decision combined with price action and AUD Interest rate decision filtering through helped push cable up so rapidly.

Attachments:


Welcome to Pegasus FX. I trade safely and responsibly, minimizing risk at all times
PegasusFX (PegasusFX)
Jun 09 2016 at 00:02
142 posts
DATE: 08.06.2016 // PAIR: GBP/USD // RESULT: -177 Pips // SUMMARY OF TRADE: Choppy markets cause two losses today. First entry during London session in bearish direction reversed back up and resulted in -77 pip loss. On next 4 hour candle price action formation opened trade in bullish direction but this trade also reversed, stopping me out for full -90 pips. Brexit referendum meeting scheduled at the end of the month is causing indecision in Cable pair. Have to stick to my strategy though.

Attachments:


Welcome to Pegasus FX. I trade safely and responsibly, minimizing risk at all times
PegasusFX (PegasusFX)
Jun 10 2016 at 17:56
142 posts
DATE: 10.06.2016 // PAIR: GBP/USD // RESULT: +90 Pips // SUMMARY OF TRADE: Trade that was opened from yesterday continued to move down in bearish direction and hit its TP around 16:00 BST. Good end to a tough week of trading.

Attachments:


Welcome to Pegasus FX. I trade safely and responsibly, minimizing risk at all times
KATSUO (KATSUO)
Jun 10 2016 at 18:57
84 posts
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