Here I am going to share my daily update on all pairs with potential entries at the begining of every trading day. This daily update is for my unique high probability breakout system, and you may find a brief introduction of it here. You are also welcomed to visit my site to know more details about this system (not yet completed).
What I will do here:
After day candles complete, I will give a brief trading plan (words only) on pairs with potential entries for the next trading day.
In next trading day, if a trade goes with the plan, I will update it here, no matter I take the entry or miss it.
If price goes against the plan, or goes with the plan but is not satisified with my entry rules, I will ignore it.
This update may miss good opportunities if the trend is not clear at the beginning but is confirmed during the day, I may not be able to update them promptly.
Rules/notes for this forum:
1. Trade at your own risk. Do not trade with big real money until you understand this system well, use demo for practicing. Always put reasonable stop loss when you take a trade (usually above/below previous high/low on M15 chart).
2. This system needs patience and practice, and intraday trading is not suitable for everyone, but if you can follow for weeks, you will definitely learn something helpful.
3. Please ask questions only related to this system, and questions with charts are most welcomed.
Indicators/tools used:
Candlestick, S&R level, Moving Average (15EMA & 50SMA), Stochastic (5,3,3) on H4 chart, Multi-timeframe analysis, ADR(20) (same as ATR on day chart)
What I will do here:
After day candles complete, I will give a brief trading plan (words only) on pairs with potential entries for the next trading day.
In next trading day, if a trade goes with the plan, I will update it here, no matter I take the entry or miss it.
If price goes against the plan, or goes with the plan but is not satisified with my entry rules, I will ignore it.
This update may miss good opportunities if the trend is not clear at the beginning but is confirmed during the day, I may not be able to update them promptly.
Rules/notes for this forum:
1. Trade at your own risk. Do not trade with big real money until you understand this system well, use demo for practicing. Always put reasonable stop loss when you take a trade (usually above/below previous high/low on M15 chart).
2. This system needs patience and practice, and intraday trading is not suitable for everyone, but if you can follow for weeks, you will definitely learn something helpful.
3. Please ask questions only related to this system, and questions with charts are most welcomed.
Indicators/tools used:
Candlestick, S&R level, Moving Average (15EMA & 50SMA), Stochastic (5,3,3) on H4 chart, Multi-timeframe analysis, ADR(20) (same as ATR on day chart)