UltraForexDotCom trader's profile

I have being constantly trading for 6 years to craft out a trading strategy and system that has a high winning probability, high profit expectancy, able to follow trend and great risk management characteristics.

Never have I spent so much time on a skill/hobby/trade that takes me SO LONG to learn. Only recently am I confident that I have ironed out 90% of the/my flaws. to start profiting over a long-term basis.

The key to my trading personality is the LESS I trade or watch the charts, the MORE I prosper. What is yours? :)

Tried scalping but it is just too tired for me. Prefer Daily swing trading. You can capture most of the profits from the big boys with minimum work. As such, I am either LONG or SHORT the currency unless I am confused.

I called it my "SpiderWeb" trading system. Using this system, you do not chase prices. You mark out "Spiderwebs" from Daily, Weekly and Monthly Charts. Then you wait like a spider for the preys to come into your "Spiderwebs".

Stoploss is immediately keyed in with every trade. I only risk 1-3 daily bars max in exchange for unlimited bars as long the trend permits. Stoploss is usually less than 100 pips.

Profit is usually great when Monthly, Weekly and Daily are aligned together. My trades could take weeks to close if everything aligned properly.

I am using a Pyramid Position Entry system.

My total risk% for all positions is always at 5%. Once their stoploss is at Breakeven, the risk% will be resetted to 0% which then I can continue open new positions.

The risk is at 0.25% - 2% for every currency. I usually prefer 0.25% for up to 20 currencies.

I am watching 20 currencies everyday.