Larry4 trader's profile

A trader with years of experience of profitable trading of Forex, Stocks and Financial Futures.

Strategy:

My strategy is purely technical and discreet swing trading and comes from years of experience, which can't be programmed into an EA.

My trading strategy has proven to be successful over several years.

On average, I take 2-3 trades per week and on average I hold positions from 1 to 10 trading days.

I trade 4 hours, daily and weekly time frames and I use quite large stops.

Despite my large stops, I never risk more than 3% of our equity per trade as my money management rule #1.

Despite my large stops, my winning trades are usually 1,5-2 times our initial risk.

I use limit and stop orders with a stop loss that I trail as the trade goes in my anticipated direction.

My entries are based on multiple factors, but the most important is reading of price action.

I also examine volume, fundamentals (supply and demand), market conditions, trends, support and resistance, psychological levels, chart patterns and fibonacci levels just to name a few.

Markets:

I trade mainly forex, but I also trade stocks, stock indices, futures, commodities and metals:

68 currency pairs
10 stock indices
7 agricultural commodities
Gold, silver
Crude oil, brent oil, natural gas
Top US, UK, France and German stocks

I use a broker based in the UK.