I have recently returned to slightly more active trading, having turned a tiny account of £100 to £3,100 in the last 18 months or so. I trade spread-betting in the UK, so leverage is different and I got a little bit of help there. I work a full time corporate day job, so won't be too active in the same way as most members here are, but I want to find a venue where I can post some charts and thoughts, rather than only talking to myself as in the last 1.5 years.
In the early days I learned almost everything I could find that others were preaching under the sun. In the end, what's most (sometimes) useful that I find is: lines (trendlines, median lines, channels), price action, and a price-time maths-based system that I adapted and changed from the Dilernia model. You can find Frank Dilernia's old thread here. I dabbled with Gann too when I could remember to check something, but it's not an always-reliable way to trade and too time consuming so it's only a way for some occasional fun. I like the maths-based system the most due to my own personality. I work with numbers and numbers give me psychological comfort and security, while drawings are a bit too vague and subjective, and very often only obvious with hindsight.
In forex I trade only the majors, and very occasionally WTI and ES. Now to start with Euro. I think the high is not yet in, it will still go higher to reach the top of the channel, which is to double the channel distance after last November's retest, and will also take out the highs of those two wicks I highlighted on the left. In the very short term, downside might find support at around 1.2170-1.2220.
In the early days I learned almost everything I could find that others were preaching under the sun. In the end, what's most (sometimes) useful that I find is: lines (trendlines, median lines, channels), price action, and a price-time maths-based system that I adapted and changed from the Dilernia model. You can find Frank Dilernia's old thread here. I dabbled with Gann too when I could remember to check something, but it's not an always-reliable way to trade and too time consuming so it's only a way for some occasional fun. I like the maths-based system the most due to my own personality. I work with numbers and numbers give me psychological comfort and security, while drawings are a bit too vague and subjective, and very often only obvious with hindsight.
In forex I trade only the majors, and very occasionally WTI and ES. Now to start with Euro. I think the high is not yet in, it will still go higher to reach the top of the channel, which is to double the channel distance after last November's retest, and will also take out the highs of those two wicks I highlighted on the left. In the very short term, downside might find support at around 1.2170-1.2220.