Hello friends. I have decided to join as one of the participant to make this contest more exciting.
These are my account details:
Indicators which I will Use:Trading account number (login): 1199678
Investor password: Sent to other 3 senior mods so they can keep a track
Server: 126.96.36.199:443 (InstaForex-HongKong.com)
Contest Starting Balance: 50.44$
I will trade sometimes purely based on my instinct and sometimes on price action along with the following indicators:
1) Support and resistance (Although this thread has a special indicator script but I will use manual SnR levels)
2) Trend Lines (I will plot manually)
3) Trend Channel (I will plot manually)
I will also try to keep an eye on important news releases for my trading.
Mostly, I will be trading EURUSD, GBPUSD, EURJPY, GBPJPY, USDJPY. Sometimes, I might trade AUDUSD, Gold or Silver, Crude oil. I will mostly stick with these pairs most of the time but if there was an opportunity in any other pair, I will go for it too.
Most of the time, I will try to do trades in the direction of the trend. I will try to plot all the indicators mentioned above (Snr, trend channels, trend lines) if feasible and will then take the trade keeping in view the fundamental aspects which can effect my trades. In between such trades or when I don't have a clear opportunity, I will try to take a few trades based on my instinct and pure price action depending upon the situation. Sometimes, I might even enter the trades only based on the fundamental analysis too.
I will explain each trade which I will do in my account and it's proper reasoning.
Volume of each trade will depend upon the situation of the contest, market condition and the sureness of my reasoning for entry. Take profits and stop loss will be according to market conditions mostly.
I think I have covered all the major aspects of my trading for now. I will explain my trades as we go.
I wish good luck to all other participants and wish to see a nice competition among all the players.