DennisKirui

Joined Jul 03, 2023

Connections: 1

Experience: More than 5 years

Location: Kenya

Profile

Bio

My name is Dennis Kirui and I started trading in 2013.

I have learned a lot along the way, refining my strategy to make it even more profitable.

Trading style

I am a Swing trader who;

- trades between 1 to 10 times per month.

- holds trades for an avg. of 3 to 7 days.

- trades the 1H, 4H and Daily Chart Timeframes

My Trading mantra is "Focus on the Quality rather than Quantity of Trades"

===Trading Strategy===

My trading is based on Technical analysis with my favorite Trade setups being Pin Bars, Inside bars, Tailed bars, 3 Black crows & 3 White Soldiers.

I mainly place trades from value areas e.g. pullbacks to the 21-day EMA or Support & Resistance levels.

My current Favorite Markets are:

Currencies : GBPUSD, GBPAUD, NZDUSD, USDJPY, AUDJPY
Metals: GOLD
Energy : Crude Oil, NATGAS
Food: SOYBF
Stocks : Apple, Microsoft, Mastercard, Visa & Starbucks
Indices: NSDQ100

=== Risk and Money Management ===

I manage my risk per trade professionally by;

- trading with conservative stop losses.

- risking a Fixed Dollar amount per trade.

- entering no more than 5 trades spread through different asset classes

- setting my Take Profit Levels at a maximum of 2 times my Dollar risk i.e. if my $ risk is $50 my Take profit is set at $100.

===Win Ratio===

My overall win rate ranges between 40% and 60%. This means I will not win all my trades but my risk & money management above ensures that I am generally profitable after a series of trades (30+ trades)

Patience has been the key to ensuring that I benefit from this strategy.

Motto

I focus on the quality of trades more than the quantity