24-Oct-2022:
Below is an overview of Trading strategy, details of entry exit and how i execute trades will be shared in new posts
Strategy: Volume & Trend based Price Action Trading
Indicators:
2 - EMA 50,100,200 (Trend)
3 - HMA 21 (Trend/Reversal)
4 - Heiken Ashi (Trend)
2 - No Demand No Supply
3 - Cumulative Delta
Trade Setup / Entry Criteria:
1 - Price is testing major H1/H4 demand or supply zone
2 - H1 & M15 MFI is in top or bottom 30% area
3 - M15 Price is above/below HMA 21 & EMAs
4 - M15 & M5 Cumulative Delta DS Ratio is pointing in desired direction of trade, and delta is strong
Exit:
Final take profit on nearest H1 demand or supply zone
Scale out/Partial Close on M5 resistance
Scale in on pullbacks
Risk Management:
2%-3% Per Trade
1% Initial Risk, and scale in as the trade goes in favor
Trailing stop using M5 Heiken ashi base
====================================================================================
10-Oct-2022:
in 2014 i decided not to trade until i am 40, expecting that i will have better control of emotions, and myself. And it will be easier then to follow the discipline required.
after that i did trade with very small capital for few weeks or few months on and off. so approximately once or twice every year for few weeks (technically i never quit).
I am 41 now, i wasn't ready yet, but i spent 1 month on demo starting from July-2022 and found that i have better control over myself(comparatively). next month made some profits following the discipline and strategy. Final Trading strategy is ready and i am finishing the trading plan and the rules before going live.
=======================================================
2017:
Trading System pending testing.
Books read
Master the Markets by Tom Williams(VSA)
Followed and participated in thread "VSA with Malcolm"
=======================================================
2013-2014:
Books Read
Trading in the Zone
Super Trader
Trade Your Way to Financial Freedom
What happened in 2013 will share soon :-)
=======================================================
2010:
Hi,
Currently i am studying some really good Books, and i will start trading on demo account by 1st Nov 2010.
Live Account will start after 3 months.
I have just finished Elder's "Come into my Trading Room".
Next week target is Tharp's "Super Trader"
Thanks to DMA Trader for suggesting Authors and your support.
Thanks for advice T@rantula, Z3iz3i, Fontu, Skyzerfx.
In the next post i will post my targets for the month of November 2010.
Below is an overview of Trading strategy, details of entry exit and how i execute trades will be shared in new posts
Strategy: Volume & Trend based Price Action Trading
Indicators:
Trend and Reversal:
1 - Demand Supply Zones (Key levels)2 - EMA 50,100,200 (Trend)
3 - HMA 21 (Trend/Reversal)
4 - Heiken Ashi (Trend)
Volume Based:
1 - Volume2 - No Demand No Supply
3 - Cumulative Delta
Trade Setup / Entry Criteria:
1 - Price is testing major H1/H4 demand or supply zone
2 - H1 & M15 MFI is in top or bottom 30% area
3 - M15 Price is above/below HMA 21 & EMAs
4 - M15 & M5 Cumulative Delta DS Ratio is pointing in desired direction of trade, and delta is strong
Exit:
Final take profit on nearest H1 demand or supply zone
Scale out/Partial Close on M5 resistance
Scale in on pullbacks
Risk Management:
2%-3% Per Trade
1% Initial Risk, and scale in as the trade goes in favor
Trailing stop using M5 Heiken ashi base
====================================================================================
10-Oct-2022:
in 2014 i decided not to trade until i am 40, expecting that i will have better control of emotions, and myself. And it will be easier then to follow the discipline required.
after that i did trade with very small capital for few weeks or few months on and off. so approximately once or twice every year for few weeks (technically i never quit).
I am 41 now, i wasn't ready yet, but i spent 1 month on demo starting from July-2022 and found that i have better control over myself(comparatively). next month made some profits following the discipline and strategy. Final Trading strategy is ready and i am finishing the trading plan and the rules before going live.
=======================================================
2017:
Trading System pending testing.
Books read
Master the Markets by Tom Williams(VSA)
Followed and participated in thread "VSA with Malcolm"
=======================================================
2013-2014:
Books Read
Trading in the Zone
Super Trader
Trade Your Way to Financial Freedom
What happened in 2013 will share soon :-)
=======================================================
2010:
Hi,
Currently i am studying some really good Books, and i will start trading on demo account by 1st Nov 2010.
Live Account will start after 3 months.
I have just finished Elder's "Come into my Trading Room".
Next week target is Tharp's "Super Trader"
Thanks to DMA Trader for suggesting Authors and your support.
Thanks for advice T@rantula, Z3iz3i, Fontu, Skyzerfx.
In the next post i will post my targets for the month of November 2010.
Holy Grail - Patience and Acceptance