In the next 3 months I am going to be very busy
and will be able to trading in the day very little.
I might trade a little in the evenning
& very early days .. to which I will be doing the WSS.
or in a strong trend the simple system for newies.
But I am going to find sometime to put trades on around 5:00pm EST
close of the NY. trading day.
I will post between 5-7pm
I will be trading
1. Ranges & Patterns- breaks & bounces
2. Swings highs & lows- breaks & bounces
3. Candle formation esp. Pin, IB & OB
4. Trader tricks in a strong trend
5. 1.2.3 breaks of coarse.
I will be using mostly decision line trading,
I will explain in the next few weeks.
I will use trend lines for ... trend.
I will have a 8.3.3 stoch (in a strong trend 5.3.3)
to confirm the bounces & Candle trading.
I will be trading the day charts ..
I will keep an eye on key lines on the weekly & monthly charts
I might drop down to the 4 hour even the 1 hour for enteries & exites
On each trade I will set rules for in & out
I will post at the start of the trade.
nornaly I will do 3 lots & exit in three way.
The 1st lot is to get something fore sure.
The 2nd lot will be the real traget.
The last lot will be to get a runners.
Exits will be
1 "00" & "50"
2. 100% & 200%
3. greater ranges
3. Swings
4. breaking of desicion lines
5. the wrong end of the stoch if I used it to get in
etc.
Stop loss
1. Price Closes 2 pips below/above the last Swing opp to my trade.
2. Hard Stop loss price closes 2 pips below/above two swings in opp to my trade..
3. 2 candles top/bottom opp to my trade
4. "00" or "50"
5. key desicion line
on the weekend I post up dates on the 8 pairs I will be trading
The main 4 pairs
Usd/Eur.. Gbp/Usd, Usd/Chf... Usd/Jpy,
The next biggest 4
Eur/Jny...Usd/Cnd... Aud/Usd ...NzD/Usd
I might add some pairs later.
Cheers
TEB
and will be able to trading in the day very little.
I might trade a little in the evenning
& very early days .. to which I will be doing the WSS.
or in a strong trend the simple system for newies.
But I am going to find sometime to put trades on around 5:00pm EST
close of the NY. trading day.
I will post between 5-7pm
I will be trading
1. Ranges & Patterns- breaks & bounces
2. Swings highs & lows- breaks & bounces
3. Candle formation esp. Pin, IB & OB
4. Trader tricks in a strong trend
5. 1.2.3 breaks of coarse.
I will be using mostly decision line trading,
I will explain in the next few weeks.
I will use trend lines for ... trend.
I will have a 8.3.3 stoch (in a strong trend 5.3.3)
to confirm the bounces & Candle trading.
I will be trading the day charts ..
I will keep an eye on key lines on the weekly & monthly charts
I might drop down to the 4 hour even the 1 hour for enteries & exites
On each trade I will set rules for in & out
I will post at the start of the trade.
nornaly I will do 3 lots & exit in three way.
The 1st lot is to get something fore sure.
The 2nd lot will be the real traget.
The last lot will be to get a runners.
Exits will be
1 "00" & "50"
2. 100% & 200%
3. greater ranges
3. Swings
4. breaking of desicion lines
5. the wrong end of the stoch if I used it to get in
etc.
Stop loss
1. Price Closes 2 pips below/above the last Swing opp to my trade.
2. Hard Stop loss price closes 2 pips below/above two swings in opp to my trade..
3. 2 candles top/bottom opp to my trade
4. "00" or "50"
5. key desicion line
on the weekend I post up dates on the 8 pairs I will be trading
The main 4 pairs
Usd/Eur.. Gbp/Usd, Usd/Chf... Usd/Jpy,
The next biggest 4
Eur/Jny...Usd/Cnd... Aud/Usd ...NzD/Usd
I might add some pairs later.
Cheers
TEB