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Nnfxw

EURAUD Long JournalFollowed my NNFX system to a T. 25 February the bull candle crossed my baseline and I took it. I am now using COT and lower TF to make sure my system is in alignment. I like to see a good push in 1H and 4H TF towards the direction my system in indicating. I only added the aforementioned wrinkle to my strategy this week and am seeing some very encouraging results. For Some reason my Longs hit 70-80% while my Shorts are 30-40% lol. Anyone know why? One thing I am looking at improving is trade management . I know we want to take what the market gives us but we also want to ride a long trend but last night in the Asian and Sydney sessions my other trades hit their first TP and I thought about closing the position. I did not close the positions out, HOWEVER one rule in the NNFX is that when the $EVZ is be 6, you take profit at 1 ATR or you manage that trade like you would a EURUSD trade. Long term you can be very profitable winning 50% of the time with airtight Risk Management. Ramble over.
by Radhames6
1
USDJPY Short JournalFollowed my NNFX system. Entered this trade 2 days ago. I exited during the Asian session after setting an alert. USD pairs are really the most unpredictable currency. Most of my losses have the USD in them. Big Banks, News events, anything can happen. Anywho, my baseline saved me a lot of pips on this trade. Takeaways -I just watch USD pairs more than any other instrument throughout the day lol -I am seeing which pairs I like more than others and I have 5-10 that I enjoy. I think if you trade the crosses then you'll be alright. -You don't need an insane win percentage to be profitable. I have been profitable from the beginning in demo. Going to try out for Prop in 30-45 days. I have learned so much that I find myself taking for granted lately. www.myfxbook.com
Short
by Radhames6
EURUSD Journal: crushed Demo: I followed my system on a continuation trade for a short. The next day a bullish engulfing hit me up a little bit lol EURUSD is probably one of worst pairs to trade within the system. It's nice to see how COT said short, my system said short, and the next day said long. My Stoploss was not hit as my exit indicator helped me out. I will need to install a faster exit indicator as my use of Heikin Ashi + C2 as an exit strategy could be improved upon. I am still analyzing on MT4 and executing on TradingView. I love Tradingview and executing trades here.. I still need to learn how to execute trades with better accuracy on MT4 just for training. I am sitting above 2% for the month on myfxbook.com It's still
by Radhames6
NZDUSD NNFX Journal Demo One of my rules is to do my exits once on the daily chart. My other rule is to lose a little as possible. I went short on 2/2/2021 prior to the close of the daily candle in the NY sesssion. My system told to go short and I did. Later on that night while in the Asian session I was testing different aspects of my system I noticed that NZDUSD went well against me lol I checked my system. My C1, C2, and baseline indicated that NZDUSD went way long. I exited at 44 pip loss which was fine for me. One thing I am learning about the anything with the USD pairs/Majors is anything is war more possible than with the cross pairs. I am now learning to manage USD pairs more than I do with Cross pairs. Fun little game. I am still analyzing on MT4 and executing on Tradingview or Oanda's platform. I need to learn how to execute on MT4 because its in price and not in pips like Oanda and tradingview. If anyone sees this and has some tips for executing trades on MT4, please let me. My goal is to try out for a prop firm in 4-5 months. If anyone can elaborate please do so. Thanks for being kind.
Short
by Radhames6