Well i have been testing a trend theory of mine, and now i think its time for me to post a journal. I welcome one and all to make comments(good or bad), i will take all criticism as constructive. I am still learning and adapting to the trading lifestyle.
To assist me in my trading decisions i use a 5 sma and a 13sma. The cross of the 5 over the 13 indicates a buy and the cross of the 13 over the 5 indicates a sell. However most of my decisions are done utilizing another indicator which i am not ready to release to the public. If it goes well i will share it, if not then back to the drawing board.
I make trade descisions based on the close of each 4hr bar. I trade a variety of currencies. Almost all of my currencies have a channel drawn in them as this helps me to identify TP and SL areas. I also use pivot points to help identify probably bounce ares or even SL and TP areas.
Usually when i enter a trade i enter with 2 lots, or in my case 2 mini lots. One is USUALLy set to a PP line and the other is most naturally a runner.
Thats all i have for now. its almsot time to close the US market so i will see if i will post any trades today.
To assist me in my trading decisions i use a 5 sma and a 13sma. The cross of the 5 over the 13 indicates a buy and the cross of the 13 over the 5 indicates a sell. However most of my decisions are done utilizing another indicator which i am not ready to release to the public. If it goes well i will share it, if not then back to the drawing board.
I make trade descisions based on the close of each 4hr bar. I trade a variety of currencies. Almost all of my currencies have a channel drawn in them as this helps me to identify TP and SL areas. I also use pivot points to help identify probably bounce ares or even SL and TP areas.
Usually when i enter a trade i enter with 2 lots, or in my case 2 mini lots. One is USUALLy set to a PP line and the other is most naturally a runner.
Thats all i have for now. its almsot time to close the US market so i will see if i will post any trades today.