OK, this is going to be my journal, to be honest I do not feel I need to keep a public journal of some of my trades but the thread I have learnt so much from on here has inspired me to do this.
First off I wish to thank a member on here called FTI for his very generous time, patience and thread Technical Analysis Fallacy which is the thread I have learnt so much from, I am in no way connected/exchange pms or have any special connections with FTI, I am just friends with him here on FF, so let us all be clear that I have no specific training from him other than what is in his thread, I know FTI likes this to be clear about these things so out of the great respect I have for him I am clearly stating I trade from what I believe I have learnt from his thread only.
First I should explain how I trade, I do not trade or look at the charts the way the mainstream teaches so do not expect predictions or crystal ball type analyses from this thread, I try to use mainly the most recent price movements in an effort to help me find opportunities to FOLLOW/FLOW with the market direction, from my many hours watching and practising (in M5 time frames mainly), I have observed that the market moves in price ranges these come in many shapes and forms, but it is basically a pump then a rest type of set up that happens, I am sorry that I cannot explain it any better than that, but if you look at my charts that I will be posting you may see it as I attempt to explain why I have chosen to take each trade I post.
So now for my rules.
1. protect my book.
2. protect my book.
3. do not forget rules 1 and 2.
Now my trading plan.
1. buy if the market is going up and there are signs of buyers.
2. sell if the market is going down and there are signs of seller.
3. do not trade if there are no obvious buyers or sellers to follow.
4. do not trade if my mindset gets disturb.
5.adapt, adjust, overcome and do not gamble.
Trading times.
I trade from about an hour and half before London to about dinner time New York this is my ideal daylight trading time, I often carry some trades through my night time, my trades can last from minutes to hours to days depends on the situation presented to me at any given time.
Money Management and Modus Operandi.
I use what I learnt from FTIs thread, if interested most of it is within the first 200 pages, here is the link. http://www.forexfactory.com/showthread.php?t=57639 it is all there so I do not feel there is a need for me to explain this part in detail.
Anyone and everyone is welcome to post here, all I ask is please do not be rude, abusive or insulting to others, we are all at different points in our learning curve and each understand and see things differently so please be helpful not obstructive to others we share this planet with.
Some trades will be live, some will be posted during or after, I do not intend this to be signal service for others to copy trades, if you do copy any trades shown here you do so at your own risk, I have nothing to prove to anyone and I do not want to hear moaning about trades that have not gone well for anyone because they copied a live trade posted here, so be aware that it is you who are responsible for your own destiny, sometimes I take trades that go against me, it happens it is called trading.
Right, lets get straight in at the deep end, looking at the daily charts there are quite a few possible opportunities out there today, I have scouts in a few of them, but I have chosen this one to show you to kick things off, lets see where this takes me????
This gbp/cad chart looks to have good strong direction and I believe I see buyers! Question is will they continue to push it higher??? Time will tell, I have entered my scout to test and keep me alert to developments, now patience is a must while I await to see the if the buyers return. Remember I follow I do (try) not to predict.
I start every day by looking for opportunities in the daily charts, then I slip down to the hourly charts to look for entries for my skews, I used to trade much lower time frames but things have changed in the market and with myself, so now I use mainly these time frames though I will sometimes look at the M15 and W1 charts.
UPDATED ON PAGE 11 - POST 212 ........12/04/2016
RUNNING AN OPEN DEMO TO SHOW THE THINGS I HAVE LEARNT - POST 501 / page 26 --->
AFTER A 2+ YEAR BREAK FROM FF, I AM GOING TO POST SOME MORE STUFF AND TRADES - POST 1288 / page 65 --->
First off I wish to thank a member on here called FTI for his very generous time, patience and thread Technical Analysis Fallacy which is the thread I have learnt so much from, I am in no way connected/exchange pms or have any special connections with FTI, I am just friends with him here on FF, so let us all be clear that I have no specific training from him other than what is in his thread, I know FTI likes this to be clear about these things so out of the great respect I have for him I am clearly stating I trade from what I believe I have learnt from his thread only.
First I should explain how I trade, I do not trade or look at the charts the way the mainstream teaches so do not expect predictions or crystal ball type analyses from this thread, I try to use mainly the most recent price movements in an effort to help me find opportunities to FOLLOW/FLOW with the market direction, from my many hours watching and practising (in M5 time frames mainly), I have observed that the market moves in price ranges these come in many shapes and forms, but it is basically a pump then a rest type of set up that happens, I am sorry that I cannot explain it any better than that, but if you look at my charts that I will be posting you may see it as I attempt to explain why I have chosen to take each trade I post.
So now for my rules.
1. protect my book.
2. protect my book.
3. do not forget rules 1 and 2.
Now my trading plan.
1. buy if the market is going up and there are signs of buyers.
2. sell if the market is going down and there are signs of seller.
3. do not trade if there are no obvious buyers or sellers to follow.
4. do not trade if my mindset gets disturb.
5.adapt, adjust, overcome and do not gamble.
Trading times.
I trade from about an hour and half before London to about dinner time New York this is my ideal daylight trading time, I often carry some trades through my night time, my trades can last from minutes to hours to days depends on the situation presented to me at any given time.
Money Management and Modus Operandi.
I use what I learnt from FTIs thread, if interested most of it is within the first 200 pages, here is the link. http://www.forexfactory.com/showthread.php?t=57639 it is all there so I do not feel there is a need for me to explain this part in detail.
Anyone and everyone is welcome to post here, all I ask is please do not be rude, abusive or insulting to others, we are all at different points in our learning curve and each understand and see things differently so please be helpful not obstructive to others we share this planet with.
Some trades will be live, some will be posted during or after, I do not intend this to be signal service for others to copy trades, if you do copy any trades shown here you do so at your own risk, I have nothing to prove to anyone and I do not want to hear moaning about trades that have not gone well for anyone because they copied a live trade posted here, so be aware that it is you who are responsible for your own destiny, sometimes I take trades that go against me, it happens it is called trading.
Right, lets get straight in at the deep end, looking at the daily charts there are quite a few possible opportunities out there today, I have scouts in a few of them, but I have chosen this one to show you to kick things off, lets see where this takes me????
This gbp/cad chart looks to have good strong direction and I believe I see buyers! Question is will they continue to push it higher??? Time will tell, I have entered my scout to test and keep me alert to developments, now patience is a must while I await to see the if the buyers return. Remember I follow I do (try) not to predict.
I start every day by looking for opportunities in the daily charts, then I slip down to the hourly charts to look for entries for my skews, I used to trade much lower time frames but things have changed in the market and with myself, so now I use mainly these time frames though I will sometimes look at the M15 and W1 charts.
UPDATED ON PAGE 11 - POST 212 ........12/04/2016
RUNNING AN OPEN DEMO TO SHOW THE THINGS I HAVE LEARNT - POST 501 / page 26 --->
AFTER A 2+ YEAR BREAK FROM FF, I AM GOING TO POST SOME MORE STUFF AND TRADES - POST 1288 / page 65 --->
-be careful about what you allow to be put in your mind-