Hey, guys. A new week starts and I am excited because it is the last week of my broker's contest that I take part in. It's been an 11-week battle (almost 3 months). Currently, I am #51 out of 2500 participants. And if you like the percentage: 51/2500= 2%. Enter 2% club? Not bad,uhh? As for trading approach, I have been trading the strategy illistrated here, on TradingView. Of course, I am not able to post every of my trades but I have posted at least 40% of them. So, if you are interested in my trading style and in my strategy, you are welcome to ask your questions in Private Messages. Here's the contest rating: prntscr.com/gpaul5 As for the trading idea on the chart: It is a bear butterfly advanced formation. It is not a regular one but a variation, because the entry is 1.272AB and not 1.272XA. The targest are conventional 0.382AD and 0.618AD. And the stoploss is calculated as the same distance to target1. I repeat guys. this is my variation that I have back and forward tested and found profitable with my swing identification technique and my overall market phylosophy. I warn you not to try to copy my trades blindly but first do the market research. Have a good week, leave me comments below!
potentially dangerous cause its breaking 4h trend line
Alexander_Nikitin
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@wipfster, Well, mabe it will end up loser this time.... Not because of 4H trendlines but because my strategy contains both: winners and losers. If I try to avoid losers I will end up avioding winners as well. Losers should be simply accepted and should be considered as investments.
wipfster
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@Alexander_Nikitin, good point very good point i just saw the weekly wick as well. it prob work anyway we;ll see
Alexander_Nikitin
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@wipfster, thank you for your understanding. Hehe.