DislikedGood day 100PipsADay Congratulations on a very fine thread here, I have been following only for this last week now, but it has been 100%, oh, OK 95%, as I just stopped reading all other threads here on FF. And even more congratulations on the excellent results posted yesterday; I mean the overall results, not just the results of past few days of extraordinary price action. This thread should soon have the largest following of any one would expect, but then maybe most will not have...Ignored
Thank you for the kind words. First of all I would like to say that I like the book you have there! If you would like an electronic copy let me know and I'll get that over to you. I also have a HUGE list of e-books all geared for trading.
Anyways, on to your questions...
My trading style mainly revolves around the Third Screen Strategy explained throughout this thread. It has proven itself to be profitable and reliable, so there isn't any real need to change it. However, I am a firm believer in Price Action @ Support / Resistance (PASR) especially when it comes to the larger time frames e.g. weekly & monthly. This helps me to identify potential trend reversals which will then in turn help me to make better trades on the D1.
I don't use the H4 chart as the H1 seems to be ideal for our strategies' entry points. By all means though, you can test the H4 time frame if you choose to do so.
Everybody and anybody is welcome to post their charts, analysis, projections, thoughts, etc... any time! In fact, it is encouraged. Trading is a lonely business and is always changing so the more people we have to bounce ideas off of the better off we'll be in my opinion.
As for my "trading setup" I have a 22" monitor on my desk in my living room which is hooked up to a HP desktop Nothing real fancy as that is unnecessary for our trading style. We don't need to be glued to our 7 different computer screens all day, however, we can if we want to. This is why I prefer a Swing Trading approach, it allows one to be flexible as positions are typically held anywhere from a couple of days to a couple of weeks.
USD/CAD: I don't really like this pair... It's too slow for my liking! So I simply don't trade it.
As far as position sizing and money management I prefer not to really get into that at all for various reasons. It is definitely better to be under leveraged then it is to be over leveraged though. We want to be able to stick around for the long haul and blowing up accounts is not the way to accomplish this! I guess position sizing and leverage all boils down to personal preference and ones risk tolerance...
Hope this helps... Enjoy your weekend Erebus!