I have been trading for 4.5 years.
Here I start my trading journal, and I will try to post every trade I take.
some basic concepts:
Trend:
Trend is permutation and combination of main and corrective waves.
There are four corrective waves: Simple, ABC, Triangle,12345.
How to trade:
determine trend on H4 or H1 Timeframe and wait corrective wave comes to end.
And take M15 break out in the direction of main waves.
Setting of the chart:
8 EMA
21 EMA
34 EMA
89 SMA
200 SMA
ZigZag(6,5,3)
MACD H4-300(5,13,1)
myMACD(12,26,9)
or no indicator at all.
I have see the chart with these indicators for several years, if I took all the indicators off the chart, it looks strange to me.
Dhalsim
PS: It is not a good habit to edit the first post of the thread, so I paste the first post here. And I will edit the first post later.
Here I start my trading journal, and I will try to post every trade I take.
some basic concepts:
Trend:
Trend is permutation and combination of main and corrective waves.
There are four corrective waves: Simple, ABC, Triangle,12345.
How to trade:
determine trend on H4 or H1 Timeframe and wait corrective wave comes to end.
And take M15 break out in the direction of main waves.
Setting of the chart:
8 EMA
21 EMA
34 EMA
89 SMA
200 SMA
ZigZag(6,5,3)
MACD H4-300(5,13,1)
myMACD(12,26,9)
or no indicator at all.
I have see the chart with these indicators for several years, if I took all the indicators off the chart, it looks strange to me.
Dhalsim
PS: It is not a good habit to edit the first post of the thread, so I paste the first post here. And I will edit the first post later.
Success is the small sum of efforts, repeated day in and day out.