Mechanical Consistency Weekly Review 8; +8% Return.
04 Sep to 08 Sep 2023
TL;DR
Disclaimer: I am not a financial advisor. The content for this article is purely for educational/research purposes only and is merely based on my personal opinions.
Please note: There will be affiliate links in this article. But it will only benefit both of us. If you do not wish to participate under my affiliate links, please feel free to Google them separately. Cheers!
I'm truly thankful for yet another successful week employing my mechanical consistency strategy. My retracement trades are consistently delivering the expected results, while any losses I've incurred can be attributed solely to my mean reversion trades on Tuesday. Let's review every day.
Monday (04 September 2023)
1x Win Trade
Daily bias: Downtrend
I was only able to trigger a retracement trade on Monday, but it turned out to be a highly profitable one. Despite the slowing down at night, I was fortunate that the price continued its downtrend the following day, reaching my desired profit level.
Tuesday (05 September 2023)
2x Lose trades
Daily bias: Downtrend
The only losing days I've had this week were both due to my mean reversion trades. These trades carry significant risk since they go against the prevailing trend, relying on a rebound to reach my 21 SMA+EMA level. Unfortunately, the downward trend proved to be stronger, resulting in losses.
Wednesday (06 September 2023)
1x Partial win & 1x full win trades
Daily bias: Downtrend
Contrastingly, I managed to secure a profit with my two mean reversion trades on Wednesday. Fortunately, the price did rebound successfully in both cases, albeit with the first trade yielding a partial profit and the second trade lasting until Friday morning. Nonetheless, I'm quite satisfied with the overall outcome.
Thursday (07 September 2023)
0x trade
Daily bias: Downtrend
There were no trades on Thursday as my mechanical consistency strategy did not trigger any of my limit orders. It was yet another stress-free day for me.
Friday (08 September 2023)
1x partial win 2x solid win trades
Daily bias: Uptrend
Friday turned out to be quite a rollercoaster day for me, with three consecutive trades triggering throughout the day. Fortunately, all of these trades ended in profit. The first mean reversion trade yielded a partial win, the second mean reversion trade was an immediate victory with zero drawdowns, and the third retracement trade delivered a profit by Monday morning.
Endnote
While I encountered some losses with my mean reversion trades due to their inherent risk of going against the trend, I also enjoyed significant profits from retracement and mean reversion trades that went as planned. Despite the fluctuations, my mechanical consistency strategy helped maintain a stress-free approach to trading, and I ended the week on a positive note, with successful trades on Friday. This experience reinforces the importance of a well-rounded trading strategy and the need to adapt to market conditions while remaining disciplined and focused on long-term goals.
Learn My Strategy For Free
As a full-time working individual, I do not have the time to constantly monitor the charts and look for the "perfect" trading opportunity. This is why I adopted the mechanical trading strategy to earn extra money. This approach eliminates the need for extensive technical or fundamental analysis and removes any guesswork. It is a 100% Mechanical rule-based strategy, ensuring disciplined and consistent decision-making.
If you want to learn my strategy, please visit my blogging site, link in bio. Thank you!
TL;DR
- Total Profit of approximately $800 (around +800%) for the 1st week of September 2023.
- Total 8 trades, 6 wins & 2 loss.
- 1-hour Timeframe, Oanda, XAUUSD(Gold), $10,000 Capital, $200/ 2% per trade.
- Mechanical Consistency Trading Strategy; Purely rule-based strategy, zero guesswork, zero analysis.
Disclaimer: I am not a financial advisor. The content for this article is purely for educational/research purposes only and is merely based on my personal opinions.
Please note: There will be affiliate links in this article. But it will only benefit both of us. If you do not wish to participate under my affiliate links, please feel free to Google them separately. Cheers!
I'm truly thankful for yet another successful week employing my mechanical consistency strategy. My retracement trades are consistently delivering the expected results, while any losses I've incurred can be attributed solely to my mean reversion trades on Tuesday. Let's review every day.
Monday (04 September 2023)
1x Win Trade
Daily bias: Downtrend
I was only able to trigger a retracement trade on Monday, but it turned out to be a highly profitable one. Despite the slowing down at night, I was fortunate that the price continued its downtrend the following day, reaching my desired profit level.
Tuesday (05 September 2023)
2x Lose trades
Daily bias: Downtrend
The only losing days I've had this week were both due to my mean reversion trades. These trades carry significant risk since they go against the prevailing trend, relying on a rebound to reach my 21 SMA+EMA level. Unfortunately, the downward trend proved to be stronger, resulting in losses.
Wednesday (06 September 2023)
1x Partial win & 1x full win trades
Daily bias: Downtrend
Contrastingly, I managed to secure a profit with my two mean reversion trades on Wednesday. Fortunately, the price did rebound successfully in both cases, albeit with the first trade yielding a partial profit and the second trade lasting until Friday morning. Nonetheless, I'm quite satisfied with the overall outcome.
Thursday (07 September 2023)
0x trade
Daily bias: Downtrend
There were no trades on Thursday as my mechanical consistency strategy did not trigger any of my limit orders. It was yet another stress-free day for me.
Friday (08 September 2023)
1x partial win 2x solid win trades
Daily bias: Uptrend
Friday turned out to be quite a rollercoaster day for me, with three consecutive trades triggering throughout the day. Fortunately, all of these trades ended in profit. The first mean reversion trade yielded a partial win, the second mean reversion trade was an immediate victory with zero drawdowns, and the third retracement trade delivered a profit by Monday morning.
Endnote
While I encountered some losses with my mean reversion trades due to their inherent risk of going against the trend, I also enjoyed significant profits from retracement and mean reversion trades that went as planned. Despite the fluctuations, my mechanical consistency strategy helped maintain a stress-free approach to trading, and I ended the week on a positive note, with successful trades on Friday. This experience reinforces the importance of a well-rounded trading strategy and the need to adapt to market conditions while remaining disciplined and focused on long-term goals.
Learn My Strategy For Free
As a full-time working individual, I do not have the time to constantly monitor the charts and look for the "perfect" trading opportunity. This is why I adopted the mechanical trading strategy to earn extra money. This approach eliminates the need for extensive technical or fundamental analysis and removes any guesswork. It is a 100% Mechanical rule-based strategy, ensuring disciplined and consistent decision-making.
If you want to learn my strategy, please visit my blogging site, link in bio. Thank you!