I've been involved in FX for several years now; trading privately and involved as much as being an Asian Session FX Analyst for Darkstar on here. My hopes are that this journal can help keep me more stable in my trading and presentation while building a track record for the future.
My trading strategy is based around a couple Forex Market Micro-structure charictaristics:
Price can easier retrace a move than continue it
Order placement and order type affect price movement (Market Order vs Limit Order)
I'll only use a 5ema (close). That will be our reference point or 'mean' when describing this as a mean-reversion type trading strategy. My goal is to profit in trading price back to it's value. Only liquid pairs to be traded, only at liquid times of the day. No beginning/end of week, major holidays, or exotic pairs.
My trading strategy is based around a couple Forex Market Micro-structure charictaristics:
Price can easier retrace a move than continue it
Order placement and order type affect price movement (Market Order vs Limit Order)
I'll only use a 5ema (close). That will be our reference point or 'mean' when describing this as a mean-reversion type trading strategy. My goal is to profit in trading price back to it's value. Only liquid pairs to be traded, only at liquid times of the day. No beginning/end of week, major holidays, or exotic pairs.