My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

Finally, I stumbled onto this "Trading Journals" section so I could share my Charts that are based on the brilliant authors on FF !

Because I blended, what I believed, are the best in the FF Forums into my Charts, I have had so much trouble posting in any specific FF Thread without fluffing feathers in fellow FF members. But, rightfully so and to be expected.

I am more of a freelance eclectic trader and use whatever it takes to make the most PROFITS with the LEAST STRESS !

I do want to thank those who have influenced me, namely CigarGuy in his newer PVSRA based on FIFO, the folks at TMS, Davits and Lawgirl's Chart Lover's Thread - as well as the genius MT4 coders and FF Staff that has made my Forex trading more success - finally, some success after gambling away $4,000 approximately 10 years ago and poor results on Demo accounts since then !

I welcome anyone who would like comment or post any feedback according to FF guidelines - I would enjoy the intellectual exchange as a life-time student and a Forex "Chart Lover"as per Lawgirl's Thread philosophy - where I posted for a long time after the Thread was abandoned for years ago !

To stay healthy, I use the following TFs according to my EST while not over-trading with a very large SL of 300 Pips resulting in large %Draw Downs (DD%) - I am still tweaking the DD% based on Equity and Balance based on a Problem-Oriented Outcomes like we do in Medicine - In general, I am shooting for DD% < 40% and PF > 2.0 - and finally, I do not worry that the Bulls and Bears will not allow each other to Over or Under trade, staying within my 300 SL to 500 SL, as needed - remember the Newton Third Law "What Goes Up Must Come Down".

MY PERSONAL BUSINESS PLAN :

Business Mission Statement: My goal is to "Make Forex Easy (Ref 1 below)" to make money to help improve the quality of life, resulting in improve quantity in a health, for myself first, then for others around me."

1. "Be Pro-active (See Ref 2 below) " by beginning with Daily Time Management Schedule (EST):

0700-0800: Breakfast
0800-1200: M30
1200-0100: Lunch
0100-1700: M30-H1
1700-1800: Dinner
1800-2400: H1-H4
2400-0700: Sleep

2. "Have The End In Mind (Ref 2)" with a PROFIT-ORIENTED GOAL(S):

Equity-Capital | Pips/Day | Lots/Trade | $ USD/Month
________________________________________
Year 1:

$1,000 - $5,000 | 50-100 | 0.01 - 0.03 | $ 1,000

Year 2:

$ 5,000 - 10,000 | 50-100 | 0.01 - 0.03 | $ 10,000

Year 5:

$ 10,000 - 100,000 | 50-100 | 0'01 - 0.03 | $ 100,000

3. Finally, "First Things First (Ref 2)" with your Rules or Steps to follow:

I post in alphabetical order, using the FF pairs with the 7 Majors, the addition of EURJPY and GBPJPY. I only trades with TP of 5 Pips with SL of 300 Pips and very small multiples of 0.01 to 0.03 lots , according to rules and indicators influenced by the aforementioned brilliant Forex authors and Forums here on FF.

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My first Chart using my FXChoice ECN GMT-2 Demo account and still EXPERIMENTAL as my approach matures over time - Hopefully, I will Profit, more than Lose:




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Here are my favorite FF Indicators, Expert and Template that I have modified for your use:

Attached File(s)

My Favorite Indicators & Expert.zip   2.6 MB | 2,287 downloads | Uploaded Feb 28, 2017 5:53pm

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As CigarGuy likes to say: "Stay Green My Friends..." and stay Healthy to do so by getting good daily SLEEP, EXERCISE, DIET and LAUGHTER....there is NO FOREX IN HEAVEN ! You may quote me ;-) (LOL)

Sincerely.

DrForexMD aka G-Doc, Dr. John, Doc, DJ-Doc

The [Forex] Gambler by Kenny Rogers:

Inserted Video

P.S.: Reading Forex Charts is so much reading X-Rays, EKGs and EEGs in Medicine ! How interesting - like a ForexCare !
P.S.: My collection of Indicators and Template will be uploaded for your convenience later today.

REFERENCES:

1. James Dick: "Forex Made Easy: 6 Ways To Trade The Dollar." McGraw-Hill, New York, 2004,
ISBN: 0-07-143894-7.
2. Steven Covey: The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change", Simon & Schuster, New York, 2003, ISBN-13: 9781451639612

I am waiting here during large variability and super-indecisive isotriangular pattern to go Long or Short:

I am now transitioning my trades to monitor the H1 TF slowly until about 7 to 9 pm EST, then I move to H4 overnight until morning EST at 7:00-8:00 am:

Good luck with your thread....and yes STAY GREEN My Friend....

Cigarguy

IMHO, the USDJPY folks is quit tricky in that you expect them to be contrarian, and they will be hopefully after going my 5 Pips at 0.02 to o.3 Lots - but, then comes a fast retrace back to the initial bull run and stop you out unless your SL in none or at least 300 Pips - this pair knows how to play the contra-contarian approach well, as a result of, I suspect computers, set up to be contarian always with the movement of us sheep - the herd mentality:



See you later...I am meeting for a few hours...but, I think you folks see how the MMs stay on top i.e. "The house always win..." - but it is all about having enough capital and adequate SL, while using mini lots as per CG.

It may be, that the USD keeps the JPY in check, during the NY Session at least when using small 0.01 lots - I will see with time.

Thank you CG...I am going to give this Thread a very good try...but, who knows the future ! I hope to "STAY GREEN..." ! But, I am determined and will try to maintain patience letting the FOREX PRICE COME TO ME and then I will respond with PRICE ACTION !

Hi John, thanks for inviting me here.
Good luck with the thread, stay focused and also be disciplined if you want to stay green :-) on this journey.
L