Dear All;
The aim of this thread is to share my live trades with FX professionals around the world. I've four years of FX experience and I've been through many trading systems and strategies that have failed to suite my trading style. Currently, I figured out that the way that suites my style is the way that rides the market forces either selling or buying in a swing trading pattern. My style is 100% discretional and I rarely use indicators because I believe they are lagging and cost lots of eventual losses. I simply watch market reactions around support and resistance level. Market reactions are revealed through carefully watching candlestick patterns near these levels. I only trade using the 1hr and 4hr charts, however, market reactions on a daily chart is indicative to market directions. I'm only focusing at the moment on three pairs EUR/USD, GBP/USD and USD/JPY, however, I believe that if you get the point out of this thread, you will be trading whatever pair you like.
My charts would display LINES and LINES only. These lines are listed in a order of importance decrease as follows:
The aim of this thread is to share my live trades with FX professionals around the world. I've four years of FX experience and I've been through many trading systems and strategies that have failed to suite my trading style. Currently, I figured out that the way that suites my style is the way that rides the market forces either selling or buying in a swing trading pattern. My style is 100% discretional and I rarely use indicators because I believe they are lagging and cost lots of eventual losses. I simply watch market reactions around support and resistance level. Market reactions are revealed through carefully watching candlestick patterns near these levels. I only trade using the 1hr and 4hr charts, however, market reactions on a daily chart is indicative to market directions. I'm only focusing at the moment on three pairs EUR/USD, GBP/USD and USD/JPY, however, I believe that if you get the point out of this thread, you will be trading whatever pair you like.
My charts would display LINES and LINES only. These lines are listed in a order of importance decrease as follows:
- Support and Resistance lines e.g. Trendlines - Channels
- Daily (1hr) and weekly (4hr) pivots
- Fibonacci Levels
In every trade I'll be posting the FX...WHY? concept which is the reason behind taking or leaving a trade. If I don't logically answer the FX...Why? question in my mind, then I don't trade. This answer should explain entry point, stop loss point and trade progress.
A trader using my style should be well oriented with candlestick pattern formations. I believe my style is very profitable, however, i don't like attracting people using big profit pips, but you will figure out yourself how could this be profitable for you.
Your thoughts and ideas are very valuable for me.