15722.4-2=15720.4

I should enter as my plan -2 pip as 15720.4

but I enter as 15721. it failed. -29

it go down to 15720.7 then go up to 15750 hit my stop. -29 pip

just 3 pip.

New day light saving time.

Today the Europe and UK will start the New day light saving time.

The market will be 1 hour early, so all my trade set up need to be adjusted,

EUR should open at 6am GMT,
UK should be 7am GMT

That is 2PM and 3PM Singapore time.

I am still thinking today whether take the trade or pass it, to see what happened on first day.
last week already pass so many holidays.

$296 Why I trade forex

I have a trading account with igmarkets, initially I put S$10000 in it, to trade stock CFD, at beginning it goes well to S$12000, then the bear markets comes, I have received a margin call on my Cosco and china sky, I made the first mistake to answer the margin cal with S$2000, then it also gone, then later with a few other mistake it finally drop to S$400 only.

the lesson learned here is that,
1st. you should never answer a margin call,
2nd, if you got a margin call, close your losing trade, then open a opposite trade. you will win back all your money and even more.

With only S$400, about USD 285.

and I don't want to put in any more money in it, so the only thing I can trade is forex, let's see how the things goes.

the first 2 trade are loser , it went down to about S$200.

Then I created a few trading set up which was good in the back test.

the GBP/USD daily 48 pip
and EUR/JPY daily 31 pip.

my account go up to S$530 after a few days, then I increase my position, unfortunately, the trade is a loser, my account today is S$296.

The reason to increase the position size, is about the money management and kelly formula.

If you want to reach the highest return , you will have to take the higest risk , in this case the max draw down could be 75% as per last month's data.

Why the trade fail, when I check, maybe because on the day the GBPUSD already moved 150 pip, in this case I can not take the trade.

GBPUSD 2 lot breakup and break down, all fail so -140USD
EURJPY 1 lot breakup and down all win, +6200JPY.

No trade From Mar 20-24, Easter holiday, better do not trade, the pattern is different, easy to lose money.

Trade 3.18

buy EURUSD at 22PM , stop 21, profit 72.

stopped out, because 3.19 2:15 am, Fec drop Int from 3 to 2.25

so USD up a lot,

Trading setup 4 , GBPUSD daily 8am

use hourly chart at 8am singapore time.
GMT 00:00
stop loss 25
profit 50
if previous day up, and close> mov(10)close
buy
if previous day down, and close< mov(10)close
sell
Tuesday do opposite trade.
can have no trade day.

Trading setup 3, GBPUSD 5-13-62

hour chart GBPUSD
daily GMT 6:00 except Tue and Fri
GMT 11:00 except Mon
stop 28, profit 72
ema 5>13>62 buy 60%
ema5<13<62 sell 50%
win 47%

Trading setup 2 Daily EURUSD 5-13-62

GMT 1:00 or 2:00 , 13:00 -15:00
Singapore time 9 or 10 am, 21-23 PM

hourly chart
ema 5 > 13 > 62
buy
ema 5 < 13 < 62
sell
stop 21, profit 72 or 70
win % 39.58

Can not trade on Wednesday AM and Fri PM.


long 100% capital
short 45% capital
because
win %
long 50%
short 35%

Trading setup 1, Daily GBPUSD Break Out

GBPUSD
GMT 8:40 , 16:40 Singapore time or 16:30-50
look at high , low of previous 60 minure.
only trade when H-L < 60 with full margin 90% capital /63
other times , can only trade 1 lot test, can not trade on full margin.
stop buy at high+4 or 6 or 2
stop sell at low -4
34 pip stop loss or 38,34
48 take profit. or 45-50
73.68% win, 19 trade win 14 in a month.

weekday win %

1 Mon 75%
2 Tue 66%
3 Wed 60%
4 Thu 100%
5 Fri 100%

when 100% trade in full margin. if have SGD400 buy2,sell 2 mini lot
others buy 1, sell 1.