各位華人朋友請看此篇: http://www.forexfactory.com/showpost...0&postcount=35
Hi all,
After step back for a while I decided to start another journal.
My first Journal in 2010 is here:
http://www.forexfactory.com/showthread.php?t=241276
The main purpose, again, is to record my trading and my thoughts, but also a place to store my interesting stuff.
________________
A brief on my plays:
My entries always come from M15 (majority) or H1, and play within higher time frames' support and resistance levels.
Price Action trading is my core focus. a generous trader, his name is Sho (Trade Price in FF), he shows me what price action really is. His main and trading threads are here:
http://www.forexfactory.com/showthread.php?t=217281
http://www.forexfactory.com/showthread.php?t=222822
- I used to trade the pullback entries along the Keltner Channel or MA10, but still I find my trades were so aggressive to play counter trend trades. So after a while of struggling, I put up an additional MA to act as an second guide to bar my CT plays.
- Stochastic for divergence checking, not for entry.
- Candles in form of IB / OB / pin etc, chart pattern like DB/DT or H&S, 123 or HH/HL are all useful.
- One thing I have to thanks Sho again that he let me know how to trade with price momentum ~ trade along the strength and attack the weakness!!
- About support and resistance levels (or you can call supply and demand zones), I really have hard times to figure out what it is and how to put my priority on both momentum trading (along the trend) and s/r level plays (mostly against the trend). After all, think and rethink, try and retry, I finally find the price itself will let you know whether it wants to break the level in continuation basic or simply a breakout failure. I might be wrong, but at least I find my way to understand these 2 core elements and put both in my trading strategy. A good place to learn Supply and Demand zones, started by a good trader ~ Rob (Priceaction):
http://www.forexfactory.com/showthread.php?t=255586
My another favorite thread, started by Ken, who also trades with price action (with multi-MAs act as floating s/r levels) is here
http://www.forexfactory.com/showthread.php?t=216241
These guys all play differently, but their core focus is Price Action. Somehow you may probably find their entries are similar with each other, just they named the style differently.
- So all in all, my plays are based on higher TF's s/r levels, trade along the trend based on pullback entry within the trading zone, counter trend trades are major off from s/r zones etc.
Nothing special, just observe the overall structure, pay attention on immediate price action, if the price show hand in my expected direction, then go.
For pairs I look for, major on EU / EJ / GU / GJ / UC. I find these five are good enough for a part time trader who can only trade majoy in US early session for 3 to 4 hours.
My trading practice on scalping trades and longer term trades (input on 17-2-2011):
http://www.forexfactory.com/showpost...7&postcount=15
____________________
Now lets start this fresh journal.
Comments are always welcome.
Cheers
Eric
You can call me City if you like
Hi all,
After step back for a while I decided to start another journal.
My first Journal in 2010 is here:
http://www.forexfactory.com/showthread.php?t=241276
The main purpose, again, is to record my trading and my thoughts, but also a place to store my interesting stuff.
________________
A brief on my plays:
My entries always come from M15 (majority) or H1, and play within higher time frames' support and resistance levels.
Price Action trading is my core focus. a generous trader, his name is Sho (Trade Price in FF), he shows me what price action really is. His main and trading threads are here:
http://www.forexfactory.com/showthread.php?t=217281
http://www.forexfactory.com/showthread.php?t=222822
- I used to trade the pullback entries along the Keltner Channel or MA10, but still I find my trades were so aggressive to play counter trend trades. So after a while of struggling, I put up an additional MA to act as an second guide to bar my CT plays.
- Stochastic for divergence checking, not for entry.
- Candles in form of IB / OB / pin etc, chart pattern like DB/DT or H&S, 123 or HH/HL are all useful.
- One thing I have to thanks Sho again that he let me know how to trade with price momentum ~ trade along the strength and attack the weakness!!
- About support and resistance levels (or you can call supply and demand zones), I really have hard times to figure out what it is and how to put my priority on both momentum trading (along the trend) and s/r level plays (mostly against the trend). After all, think and rethink, try and retry, I finally find the price itself will let you know whether it wants to break the level in continuation basic or simply a breakout failure. I might be wrong, but at least I find my way to understand these 2 core elements and put both in my trading strategy. A good place to learn Supply and Demand zones, started by a good trader ~ Rob (Priceaction):
http://www.forexfactory.com/showthread.php?t=255586
My another favorite thread, started by Ken, who also trades with price action (with multi-MAs act as floating s/r levels) is here
http://www.forexfactory.com/showthread.php?t=216241
These guys all play differently, but their core focus is Price Action. Somehow you may probably find their entries are similar with each other, just they named the style differently.
- So all in all, my plays are based on higher TF's s/r levels, trade along the trend based on pullback entry within the trading zone, counter trend trades are major off from s/r zones etc.
Nothing special, just observe the overall structure, pay attention on immediate price action, if the price show hand in my expected direction, then go.
For pairs I look for, major on EU / EJ / GU / GJ / UC. I find these five are good enough for a part time trader who can only trade majoy in US early session for 3 to 4 hours.
My trading practice on scalping trades and longer term trades (input on 17-2-2011):
http://www.forexfactory.com/showpost...7&postcount=15
____________________
Now lets start this fresh journal.
Comments are always welcome.
Cheers
Eric
You can call me City if you like