jaggedlines trader's profile

Traded in 2012 lost a mere 500 pounds. Quit. Started a business working from home and after a sustainable income I decided I can fit trading into my work day (August 2014). I reworked my entire concept of how to trade by studying the methods of the early 20th century traders. I have found myself comfortable relaxed and very certain for the first time with my trading. I will continue to demo for 3 months before I start with a small deposit, before I move to a big account. Forex and GOLD.

Price action. Volume. Intraday 5min to 1hr charts for entry. 4hr to monthly for historical analysis of price expectation. Only take trades I'm confident I will move to Break Even within 5 to 10 minutes. Obsessively move to BE. Take profit 40% at the first point of resistance. Aim for 12 to 25 pips a trade. Exit with a loss early if in doubt. Early entries only. Never listen to market news but always be aware of events (Forex Factory). 2 - 7% risk per trade. Only 1 trade at anytime. London to NY. Mondays and Fridays are light days, risk less. Same rule applies when If I'm hungover.