FxPAsignals trader's profile

My website: www.FxPriceActionSignals.com
Due to last drawdown please see for improvements: http://fxpriceactionsignals.com/index.php?strona=mytradingstyle
THIS IS PRICE ACTION SIGNAL SERVICE - TRADING WITHOUT ALWAYS LAGGING INDICATORS;
USING NAKED CHARTS AND BRAIN CREATIVITY TO MAKE DECISION WHEN AND WHAT TO TRADE TO GET IN AND OUT.

I've been trading for nine years. Starting at first with North American indexies (S&P500 and Russell 2000) and then permanently changing to trade Forex market; this is my full time job (based in south Poland, Pszczyna). I'm a big fan of PRICE ACTION. No use of technical indicators - just reading rough charts. The both strategies are maintain mainly manually. ALWAYS RISKING 2% of account balance in a single trade that is reset at the end of every month. There are 1-5 trades a week ; it could be even ten ones per week or nothing for days as I strictly keep to my trading plan that is worked out on extensive research over many years back in history. An average trade duration is between 1-2 days. Entering positions by both pending and market orders; hard stop loss and profit target are set at the point straight away; the stop ranges between 20-80 pips so an eventual slight sllippage with execution by a copier it is not an issue at all. Risk to reward ratio is 1:2 ( partial profit in use; one trade is displayed two times for that); 1-2 positions are held at the time and on occasion 3 ones. At some level of profit stop loss is set to break even position to prevent a profitable trade to become a loosing one. I NEVER ADD TO LOOSING TRADE, INCREASE LEVERAGE OR PLAY WITH MARTINGALE . On rare occasion a specific situation occurs: when holding a trade and on next day/days getting brand new setup on the same market; I take it only if the original one is already at break even and the new one is in the same direction (so exposure is still like for one trade).
London Open strategy; it uses three markets: GBPUSD, GBPJPY, EURJPY.
New York strategy: EURUSD, USDCHF, USDCH