Hi Everyone ! I am starting my first thread. Simply just because i am too lazy to hand write it and i spend more time on FF . So it looks more convenient to have it here. My journal will content my full strategy described. I will be focusing on EURUSD pair only, but strategy is full indicator-ed, so can be applied to any pair of your choice. Rules of thread:
- No flood
- No judgments( i am not a professional trader)
- Your suggestions are welcome.
This thread was open mostly for myself only. I simply don't want to prove anything to anyone nor i am seeking follower. But if you find yourself comfortable in here you are welcome to stay.
I am simply trying to avoid mistakes i am doing over and over again in trading. And i am hoping that someone who has same issue will find the answers here.
If I will be able to take 1-2 profitable traders per week that means I am on the right path.
Ok lets trade!!!!
My strategy fully based on several indicator;
RSI 7
Stochastic 14.3.3
MACD 12.26.9
Moving average 50,200
Automated PIvot Point Indi
Add 50 level to RSI and Stochastic
I am targeting momentum moves toward current trend. I am not trading swing, which means if Trend is UP, i will be looking for UP set ups only. Target 50 pips per trade and up( which means if trend keep going toward my favorable direction, i am locking 50 pip in and let it go, just moving SL ) . I am using only one order per one trade. That's the minimum risk and i can not allow myself to loose anything anymore. So it will be slow but i am looking for consistent profit only.
Lets look at latest set up i was waiting for:
So rules of strategy are simple; Open trade near 2 or 3 support/resistant levels on Pivot Point indicator. So let say, Euro in short term down trend correction right now, so for SHORT TERM we are targeting down moves. In this scenario we see crossing of all Indicators. It rare thing but when its happens , it guaranteed profit. Stop Loss placed above or below 3rd support/resistance. Pivot point indicator i use is completely automatic, it adjusts every day, using previous day Highs and Lows. I want to trade every day so i work with every day highs and lows. I am using day chart for trend direction only and for determination of LARGE Supply and Demand ZONES. So every morning i will be checking of price location, if price near one of the levels, i will be waiting for at least 1 or 2 indicators confirmation, when confirmed i will be entering trades. If no levels or no decent confirmations NO trades will be taken and I will remain in waiting until any levels will be reached and further direction clears.
- No flood
- No judgments( i am not a professional trader)
- Your suggestions are welcome.
This thread was open mostly for myself only. I simply don't want to prove anything to anyone nor i am seeking follower. But if you find yourself comfortable in here you are welcome to stay.
I am simply trying to avoid mistakes i am doing over and over again in trading. And i am hoping that someone who has same issue will find the answers here.
If I will be able to take 1-2 profitable traders per week that means I am on the right path.
Ok lets trade!!!!
My strategy fully based on several indicator;
RSI 7
Stochastic 14.3.3
MACD 12.26.9
Moving average 50,200
Automated PIvot Point Indi
Add 50 level to RSI and Stochastic
I am targeting momentum moves toward current trend. I am not trading swing, which means if Trend is UP, i will be looking for UP set ups only. Target 50 pips per trade and up( which means if trend keep going toward my favorable direction, i am locking 50 pip in and let it go, just moving SL ) . I am using only one order per one trade. That's the minimum risk and i can not allow myself to loose anything anymore. So it will be slow but i am looking for consistent profit only.
Lets look at latest set up i was waiting for:
So rules of strategy are simple; Open trade near 2 or 3 support/resistant levels on Pivot Point indicator. So let say, Euro in short term down trend correction right now, so for SHORT TERM we are targeting down moves. In this scenario we see crossing of all Indicators. It rare thing but when its happens , it guaranteed profit. Stop Loss placed above or below 3rd support/resistance. Pivot point indicator i use is completely automatic, it adjusts every day, using previous day Highs and Lows. I want to trade every day so i work with every day highs and lows. I am using day chart for trend direction only and for determination of LARGE Supply and Demand ZONES. So every morning i will be checking of price location, if price near one of the levels, i will be waiting for at least 1 or 2 indicators confirmation, when confirmed i will be entering trades. If no levels or no decent confirmations NO trades will be taken and I will remain in waiting until any levels will be reached and further direction clears.