Hi I have been paper trading a 50,000 account which now stands at almost 250,000.This is after less 3 months with most trades made in the last few weeks.

Method :

I use breakout chart patterns, heiken ashi candle sticks and bollinger bands.They give me direction, momentum and volatility.
I am medium term swing trading.
I do not risk more than 1-2 % on a trade.
I have a stop loss always, and I place the stoploss at point I know my anticipation of the market is wrong.Usually above or below squeezed bollinger bands.
So,My position sizes vary according to market conditions and placement of my stop losses.
I make my self aware of general fundamental situation, interest rate movements etc, most news I discount,rumours I pay attention to and look for market confirmation. I let the market tell me most information.
I analyze with H4, D1,W1,MN.chart patterns , and momentum to find trends
entry and exits with M1,5,30, H1.Positions are made during price congestion and sqeezing in these time frames.
If the market moves in my direction I move stop losses to last point of resistance and support.
Losers are kept less than a day if you am wrong you find out fast.
Winners can be kept for days,weeks or months

As of today the account has a booked loss of around 6500, and an open profit of nearly 180,000.

these are my thoughts and strategy.I'm interested in hearing others.

Attached Files

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