I'm starting this trading journal to document my trades.
I'm an intraday trend trader, mainly working with E/U, G/U, E/J and G/J pairs. I use the dollar index, U/J, E/G and U/Sw to help gauge relative strength of those currencies. I primarily use price action's reaction at support & resistance levels on multiple time frames (4hr, 1hr, 15m) to guide my trading. I use daily/weekly pivot points, whole numbers, trendlines, fibs and moving averages (21,55,200 emas) as support and resistance.
I use moving averages, MACD and Stochastic indicators to give me add'l visual clues and confirmation of trend and momentum on these various timeframes.
I've been trading currencies for about 6-8 months (as of 7/09). Before that, I scalped e-mini futures for about 1 year and actively managed investments in stocks for several years (and continue to do so).
I'm going to post trades, explanations, screenshots and profit/loss in pips after my trading day is done. I'm planning to do this every day.
I'm not making trade calls or giving trading advice, just sharing my trading methodology and actual live trades.
I guess I'm mainly doing this for myself - I feel the need to put myself and my trades "out there" to further my progress. Constructive feedback is always welcome.
I'm an intraday trend trader, mainly working with E/U, G/U, E/J and G/J pairs. I use the dollar index, U/J, E/G and U/Sw to help gauge relative strength of those currencies. I primarily use price action's reaction at support & resistance levels on multiple time frames (4hr, 1hr, 15m) to guide my trading. I use daily/weekly pivot points, whole numbers, trendlines, fibs and moving averages (21,55,200 emas) as support and resistance.
I use moving averages, MACD and Stochastic indicators to give me add'l visual clues and confirmation of trend and momentum on these various timeframes.
I've been trading currencies for about 6-8 months (as of 7/09). Before that, I scalped e-mini futures for about 1 year and actively managed investments in stocks for several years (and continue to do so).
I'm going to post trades, explanations, screenshots and profit/loss in pips after my trading day is done. I'm planning to do this every day.
I'm not making trade calls or giving trading advice, just sharing my trading methodology and actual live trades.
I guess I'm mainly doing this for myself - I feel the need to put myself and my trades "out there" to further my progress. Constructive feedback is always welcome.