Hello friends,
Hope all are okay out there. I'm still trading, and trying to crack the code. Well, crack my emotional management code, yeah, that's it! lol.
I'm trying a combo of strategies i've learned over the years, mainly guided by candlesticks and trends on the D1 (and W1 M charts), but have seen value in trading H4 and H1 too. I'll be posting mainly live charts as they happen. Nods and thanks to J16, Steve Bigalow, and countless other good traders out there. Good to be back at FF. It's a great joint. Hope i can contribute something useful here.
Basic strategy: Trade D1 charts. Check FF economic news calender for significant events such as interest rate announcements on currencies i'm trading. Wait for price to touch or get very near 8 ema and close either side. Trade away from 8 ema with trend. Wait for PA - Engulfing bars, PB's, IB breakouts. Buy low, Sell high. RR. Min 1:1. SL - Dynamic ,or above/below PA i'm trading, BRN, SR, EMA. Entry - Flexible. Usually limit order at BRN and/or SR, ema level. Exit - Flexible. Usually at next high/low/SR/BRN level.
My approach will likely change and modify as i go along, but right now i'm taking my cue from the daily chart, using the 8 ema, trend, PA, S/R, BRN's as confluence. I'm currently flirting with bollinger bands and 200 ema too. i have traded naked charts using PA only in the past, and i may go back to that, but for now i'm finding some MA references useful. There'll be plenty of experimenting, stumbling and mistakes and that's ok.
DISCLAIMER: I am a beginner trader. I'm just a guitarist. I don't know much about the market and trading, so don't follow my trades as you will lose money. This journal is for me, not trading suggestions. Anyway, good trading and let's get into it.
Hope all are okay out there. I'm still trading, and trying to crack the code. Well, crack my emotional management code, yeah, that's it! lol.
I'm trying a combo of strategies i've learned over the years, mainly guided by candlesticks and trends on the D1 (and W1 M charts), but have seen value in trading H4 and H1 too. I'll be posting mainly live charts as they happen. Nods and thanks to J16, Steve Bigalow, and countless other good traders out there. Good to be back at FF. It's a great joint. Hope i can contribute something useful here.
Basic strategy: Trade D1 charts. Check FF economic news calender for significant events such as interest rate announcements on currencies i'm trading. Wait for price to touch or get very near 8 ema and close either side. Trade away from 8 ema with trend. Wait for PA - Engulfing bars, PB's, IB breakouts. Buy low, Sell high. RR. Min 1:1. SL - Dynamic ,or above/below PA i'm trading, BRN, SR, EMA. Entry - Flexible. Usually limit order at BRN and/or SR, ema level. Exit - Flexible. Usually at next high/low/SR/BRN level.
My approach will likely change and modify as i go along, but right now i'm taking my cue from the daily chart, using the 8 ema, trend, PA, S/R, BRN's as confluence. I'm currently flirting with bollinger bands and 200 ema too. i have traded naked charts using PA only in the past, and i may go back to that, but for now i'm finding some MA references useful. There'll be plenty of experimenting, stumbling and mistakes and that's ok.
DISCLAIMER: I am a beginner trader. I'm just a guitarist. I don't know much about the market and trading, so don't follow my trades as you will lose money. This journal is for me, not trading suggestions. Anyway, good trading and let's get into it.
Undisciplined, impatient and unruly. Don't follow me kid.