I will start posting screenshots of my trades with explanation on why I took them here. I will be combining Greg Wilson's strategy with the equity millipede by PipEasy. Follow me on my journey to become a master trader. My journey has just started and I have lots to learn. I started trading 1.5 months ago so don't expect me to be the best. Even tough I have been trading for little I love Forex a lot and I am obsessed with it.
I will be taking entries:
I will be taking entries:
- PENNANTS
- S&R (Pivot Points, .00, .50)
- 1,5,10 EMA naked trading
- Buy if price is higher than yesterday's close, sell if price is lower than yesterday's close. Open a position on the start of daily candle with a 25 pip stop loss, if I lose then watch retrace if it is between 33-50% fib and re-enter on the open price of that day following hindsight.
- Inside bars on H1
- Bounce happens near open of previous candle, 50% fib, or tip of the high wick
- H4 wick bounces, piggyback riding
- Flying Buddhas, 50% FIB stacking
- Volatily BO (On the 4 hr charts or 1 hr chart (preferably 4), I look for a candle that will completely engulf the next 2, 3 candles. The first big candle is the range that needs to be broken out.) Continuation BO, .00,.50 BO & OPEN PRICE BO
- movements that break prev up/down candle boldly
Range breakouts:
1st scenario: breakout -> expansion -> trend
2nd scenario: breakout -> trend
You have 2 positions, A and B. A is bigger. You can diversify position A earlier on signs of retrace/reversal and add the pip gain as a wider stop loss for position A. Good tactic.
Inception method
Wait for candle close.
"buy when price closes above the open price of previous down candle"
"sell when price closes below the open price of previous up candle"
DON'T EVER TRADE AGAINST THE 1-HOUR CANDLE