Hello all,
Would like to keep a trading journal here on my trades. I've simplified my trading to trade mainly divergences in the H1/H4 and occasionally M30 charts. I use RSI(9) to spot divergences. When I see a divergence, I need to know the location.
I look for at least one of three things:
Would like to keep a trading journal here on my trades. I've simplified my trading to trade mainly divergences in the H1/H4 and occasionally M30 charts. I use RSI(9) to spot divergences. When I see a divergence, I need to know the location.
I look for at least one of three things:
- a very strong S/R
- Supply/Demand
- price action
If price is at one of those three with a strong divergence, I initiate a trade.
I risk no more than 1.5% per trade and I aim for at least 1:2 risk to reward.
For a long time, I struggle with when and where to take profit. Now I just set TP at closest S/R flip or supply demand zone.
I don't get a lot of signals so this journal will be pretty slow. But nevertheless, the aim of this journal is for me to keep better track of my trading activities.