So, here I go again starting another thread. Why? I find that I get distracted very easily and will start a thread with good intentions but for whatever reason I will stop updating it. Let's see if I can break this horrible habit.
A few things about the TE attached to this thread. I use a trade management EA that I created so what you see as a stop may not be the actual stop. Usually it will be around 10 pips closer to price than what is shown. The stop shown on the TE is just an OMG stop that is there just in case the EA doesn't or cannot close the trade. I essentially move two lines on the screen and when price moves in the right direction it will open the trade for me. Comes in handy when price moves quickly since I trade some very low time frames. So although it is an EA it is just for helping with trade management. Where I enter and exit is entirely manual and based on my system.
The first few trades that are showing in the TE are uhoh trades. I had some code in the EA that would move the entry and exit lines if they weren't on the screen. Thought it was a good idea until I left the EA enabled and then scrolled back in time. It triggered moving the lines and without hesitation it opened the trades. Stupidity can be expensive. LOL! I have since taken that code out.
Right now i trade two sessions each day. From 7PM to 10 PM Eastern time US I will be trading the AUDJPY pair during Asia. And I will trade the EURUSD from about 5AM to 4PM during London and US sessions. I will usually start London session earlier than 5. I don't need much sleep so whenever I am awake I will get up and check the charts. I have 6 time frames pulled up for whichever pair I am trading at the time. 1 hour, 30 minutes, 15 minutes, 5 minutes, 1 minute and believe it or not the 15 second chart. Over time I will explain why I use each time frame. Each one has a purpose and it is not necessarily just for entry. The position size may look large in relation to the account size but rest assured the risk is kept low by using lower time frames for trade entries.
Each day during the week I will post something I have learned since starting in FOREX back in 2006. Some of these things you may agree with or you may not. Trading is a religion. Everyone has their beliefs and anyone who disagrees is going to hell.
I hope that by the time I am done with this thread it will serve as an example of what can be done with time and hard work. That is why the TE is called "Possibilities".
Please do not ask what my system is at this point. It will take several posts to even begin to understand what I running through this screwed up mind of mine. Be patient. I will show everything over a period of time. Little chunks here and there. Also, I will not post the EA, there are plenty of trade management EA's out there just do a search.
I will attempt to do a screen capture at the start of each trade but probably won't post it until after the trading session is done.
A few things about the TE attached to this thread. I use a trade management EA that I created so what you see as a stop may not be the actual stop. Usually it will be around 10 pips closer to price than what is shown. The stop shown on the TE is just an OMG stop that is there just in case the EA doesn't or cannot close the trade. I essentially move two lines on the screen and when price moves in the right direction it will open the trade for me. Comes in handy when price moves quickly since I trade some very low time frames. So although it is an EA it is just for helping with trade management. Where I enter and exit is entirely manual and based on my system.
The first few trades that are showing in the TE are uhoh trades. I had some code in the EA that would move the entry and exit lines if they weren't on the screen. Thought it was a good idea until I left the EA enabled and then scrolled back in time. It triggered moving the lines and without hesitation it opened the trades. Stupidity can be expensive. LOL! I have since taken that code out.
Right now i trade two sessions each day. From 7PM to 10 PM Eastern time US I will be trading the AUDJPY pair during Asia. And I will trade the EURUSD from about 5AM to 4PM during London and US sessions. I will usually start London session earlier than 5. I don't need much sleep so whenever I am awake I will get up and check the charts. I have 6 time frames pulled up for whichever pair I am trading at the time. 1 hour, 30 minutes, 15 minutes, 5 minutes, 1 minute and believe it or not the 15 second chart. Over time I will explain why I use each time frame. Each one has a purpose and it is not necessarily just for entry. The position size may look large in relation to the account size but rest assured the risk is kept low by using lower time frames for trade entries.
Each day during the week I will post something I have learned since starting in FOREX back in 2006. Some of these things you may agree with or you may not. Trading is a religion. Everyone has their beliefs and anyone who disagrees is going to hell.
I hope that by the time I am done with this thread it will serve as an example of what can be done with time and hard work. That is why the TE is called "Possibilities".
Please do not ask what my system is at this point. It will take several posts to even begin to understand what I running through this screwed up mind of mine. Be patient. I will show everything over a period of time. Little chunks here and there. Also, I will not post the EA, there are plenty of trade management EA's out there just do a search.
I will attempt to do a screen capture at the start of each trade but probably won't post it until after the trading session is done.