Thought I'd start a trading journal as a little test to see what candle patterns work over a series of trades. Hoping to reach 25 trades of each pattern and then take that approach live (if I can trade it successfully!)
I'm definitely not looking to see criticism or any other negative posts - just wanted to do a really simple forward testing experiment
I'll update this first post to provide live results as the weeks go by!
Candle Patterns to be traded - all patterns are continuous trend following trades (I've lost too much money trying to pick the top and bottom of trends!!):
(1) Pin Bar - Ideally off an EMA but as long as it's in the direction of the trend I'm good
(2) Engulfing Pattern
(3) Inside Bar
Looking to trade the 4 hour and daily charts only. Going to risk $50 per trade and my take profit will be based off of a major support/resistance zone.
Happy Trading!!
I'm definitely not looking to see criticism or any other negative posts - just wanted to do a really simple forward testing experiment
I'll update this first post to provide live results as the weeks go by!
Candle Patterns to be traded - all patterns are continuous trend following trades (I've lost too much money trying to pick the top and bottom of trends!!):
(1) Pin Bar - Ideally off an EMA but as long as it's in the direction of the trend I'm good
(2) Engulfing Pattern
(3) Inside Bar
Looking to trade the 4 hour and daily charts only. Going to risk $50 per trade and my take profit will be based off of a major support/resistance zone.
Happy Trading!!