HarryTaylor1397

HarryTaylor1397 Updated 

Strategy- Indicatators used: - TV Double Top (DT) - TV Double Bottom (DB) - TV Average True Range (ATR) - TV Volume Weighted Average Price (VWAP) Conditions: 5 minute time frame Wait for DT or DB pattern to form VWAP must be at 1 of 3 locations. At the support or resistance pattern itself, through or above the neckline for DB, through or below the neckline for DT...

HarryTaylor1397

Backtesting results for EURAUD DT/ DB + VWAP Strategy (Found at ) Dec Trade 1 (Asian Session) Loss -0.5% Total - 0.5% Dec Trade 2 (London Session) Loss -0.5% Total -1% Dec Trade 3 (Late London Session) Gain 0.89% Total -0.11% Dec Trade 4 Loss -0.5% Total -0.61% Dec Trade 5 Loss -0.5% Total -1.11 Dec Trade 6 Gain 0.73 Total -0.38% Dec Trade 7 Loss...

HarryTaylor1397

Great start to the month, coming off the back of an end growth of 19.4% for August 2023! The US Dollar is still pushing strong, in what? The beginning of the 13th straight week of gains? Something like that. Obviously that still brings with it a lot of bearish bias to EU, GU and a bullish bias to UJ. Have to admit, in the back of my mind, I am still thinking 10+...

HarryTaylor1397

I firmly believe that risk management is the most important factor in trading, even more important than strategy in my mind, and if you're going to maintain some discipline to something, then please let it be risk management... A good strategy with bad risk management WILL blow your account, but a bad strategy, with good risk management will still keep your...

HarryTaylor1397

Apologies to the people who enjoy reading this series, I have been really busy with life, kids, work, bikes and cars etc. but hopefully its going to chill for the next few weeks. Will see how it goes and maybe I can do a few more of these trade journals. I'm not going to go over all the last however many trades since my last post as it would take too long, but...

HarryTaylor1397

Rough day that turned good! I posted an idea about going short the NZDUSD last night. AND it lost so before I woke up I was 2% down. In hindsight, maybe I should have brought stops to breakeven once the 5 minute double top was completed. I did allude to that, in my post last night, but with it being a bit tight, figured 1:2 was the way to go. I explain in the...

HarryTaylor1397 Updated 

Welcome again, today we are on the NZDUSD which for a few technical reasons I have gone short on, and will likely hold onto for the remainder of the week, assuming price action doesnt dictate other wise. So, why short? The daily level of 0.58138 is fast approaching, and price seems still on its way to that level with no obvious reversal coming, at least in...

HarryTaylor1397

If you saw my last idea then you'll know that this is the start of my trade journal which I want to do for at least a few months, just to get to grips with journaling my trades and to also give other traders an insight into the other average guy who is trying and learning this trade (Pun most certainly intended) If you didn't see my last idea, this is it: Im...

HarryTaylor1397

An interesting conversation arose between 2 or 3 people in the ForEx chat on Thursday. It was one that was essentially a di*k swinging contest. "I can make better trades than you" "No, my trades are better" "No" "Yes" "No" I think you get the idea It came about that on the following day, the Friday 8th of September, they were going to call trades throughout...

HarryTaylor1397

Hello, I have been backtesting a strategy for the EURUSD currency pair for a while now. It is quite obvious that many people trade double tops (DT) and double bottoms (DB) when trading structure but what happens if you ignore structure and simply trade every DT and DB you see and try and take advantage of the short term trends, namely the 5m, 15m, and 1h time...