Hello Fellow traders,
I have been studying Bogo, Sidus, Akuma99 etc.. in an attempt not to find the holy grail but a method to trade that makes sense to me. My goal is that if I stick to it and apply all the attributes that we all struggle with at times i.e discipline, greed, emotions...da dada ,,daaaa that I can be succesful in this difficult but rewarding form of trading. SO... this is my setup and please feel free to comment (hopefully respectfully):
Chart: MT4
Timeframes: 30 min-4hrs
Currency: The majors
Trade with: MBTrading
Indicators: Bollinger Bands (20,2) To detect trends/range
Bollinger Squezee w/CCI 50(by Akuma99) To enter & exit
SMA 100 & 200 (per Akuma) To detect trend direction & S/R
EMA 5 & 12 (per Bagovino) To detect trend and confirmation
Others: Pivot Points To use as S/R and Take profits
Stop Loss/Take Profit/Trail Stops To protect my investment
Ok, so there I have put myself out there for your constructive criticism. Do these work together? Am I been redundant with some? This is just a start of a framework to learn and adapt to whatever works for me at a specific time in my life as a trader.
Thanks for your indulgence
I have been studying Bogo, Sidus, Akuma99 etc.. in an attempt not to find the holy grail but a method to trade that makes sense to me. My goal is that if I stick to it and apply all the attributes that we all struggle with at times i.e discipline, greed, emotions...da dada ,,daaaa that I can be succesful in this difficult but rewarding form of trading. SO... this is my setup and please feel free to comment (hopefully respectfully):
Chart: MT4
Timeframes: 30 min-4hrs
Currency: The majors
Trade with: MBTrading
Indicators: Bollinger Bands (20,2) To detect trends/range
Bollinger Squezee w/CCI 50(by Akuma99) To enter & exit
SMA 100 & 200 (per Akuma) To detect trend direction & S/R
EMA 5 & 12 (per Bagovino) To detect trend and confirmation
Others: Pivot Points To use as S/R and Take profits
Stop Loss/Take Profit/Trail Stops To protect my investment
Ok, so there I have put myself out there for your constructive criticism. Do these work together? Am I been redundant with some? This is just a start of a framework to learn and adapt to whatever works for me at a specific time in my life as a trader.
Thanks for your indulgence
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