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- My Battle Style Trading Journal
In order to add some fun into the intense and monotonous trading, I wondered why don't I treat it ...
- goodluckh4 replied Mar 5, 2018
Thoughts?
- goodluckh4 replied Mar 5, 2018
@Mr. Pip I entered a long trade in USD/CNH because on 4hr chart I see upward structural movement. However, it's not significant (shown by the day chart). Seems like it's a complex correction. I'm still learning the order flow analysis, don't know ...
- goodluckh4 replied Mar 5, 2018
What instrument is this? I thought it's Fibre.
- goodluckh4 replied Mar 5, 2018
I would say that a new structure has formed or is forming. It is unlikely for us to expect an NSL so I think your long position is sensible.
- goodluckh4 replied Mar 5, 2018
Agree. A weaker dollar makes American goods more price-competitive in foreign markets as they are cheaper in local currency. Trump seemed to started a trade war during the last weekend as he threatened European carmakers and claimed a hefty tariff ...
- goodluckh4 replied Mar 5, 2018
Yes, that's what I'm thinking. But I'm worrying if the price slid for another bearish trend I will miss an opportunity. But based on my knowledge so far, I should be patient.
- goodluckh4 replied Mar 5, 2018
Thank you, sir! I understand that the ratio and harmonic approach are for technical analysis and I'm willing to hone my skill of it. But sometimes I analyse news to add another layer of confirmation to the technical analysis. Kind regards, XL
- goodluckh4 replied Mar 5, 2018
Hi Peter, The close is only a few (around 2.9) pips lower than the previous LH, but if we were to strictly stick to structure analysis, that retest should be another LH, for which I should expect an NSL. However, according to Mr Pips's first Order ...
- goodluckh4 replied Mar 5, 2018
Just finished Order Flow Analysis first part: an introduction to projection, momentum, and depth. I re-assessed the EUR/USD chart which changed expectation for its likely movement. Besides, the PA shows a weaker projection which signals a weak ...
- goodluckh4 replied Mar 4, 2018
When doing my research and charting, I use my 16-inch gaming laptop which has a powerful CPU to run as many indicators and programmes as I want. When it comes to execution, I use the MT4/MT5/thinkorswim (I have two forex account to hedge my risk and ...
- goodluckh4 replied Mar 4, 2018
Hello, traders in 2018! Just discovered this amazing thread and hopefully, Mr Pip is still responsive. I'm learning the first lesson: structure analysis, and I would like to present mine. The market had just begun, I'm seeking trading opportunity on ...
- goodluckh4 replied Sep 12, 2017
I agree with you. I do have a psychological SL which would close my trade if the loss exceeds 3% of my total asset. As for the technical failure, I trade on my phone most of the times. There's but a little possibility for internet failure. Perhaps I ...
- goodluckh4 replied Sep 11, 2017
I don't use SL nor TP because I'm confident in my capital management (I start very small) and I have time to devote.
- goodluckh4 replied Sep 10, 2017
Hey chaps, I'm shorting the Fibre pair. I'm new in FX and am trying out the Average Up/Down strategy. What's your suggestion for a good exit point? Volume: 0.3
- goodluckh4 replied Sep 9, 2017
At least that sounds interesting as you have introduced a new concept for us traders. It sounds good for me. But if I have 20.000 USD to spare, I would invest it in something that can earn me at a higher interest rate. The long position charges Swap ...
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