Hi All,
I am starting this journal thread to post my trades, to keep a track and maintain discipline as much as possible.
System rules:
This is a trend trading method and no reversals will be traded. Mostly scalping 10-15 pips during the continuation of the trends.
1. Price should be above/below 200 EMA within 10-15 pips in 30M Timeframe.
2. Most important indicator - Sessions. What the price did in the previous day's session. If its favorable, we take the trade accordingly.
3. Discretion still required in some cases even if above two conditions are met.
Disclaimer: Trading requires utmost discipline. Deviations/Distractions are the cause for most people losing money in the Fx markets. If any one wants to post a chart, it should be within the above rules. EURUSD, USDJPY and all GBP pairs will not be traded in this system.
I am starting this journal thread to post my trades, to keep a track and maintain discipline as much as possible.
System rules:
This is a trend trading method and no reversals will be traded. Mostly scalping 10-15 pips during the continuation of the trends.
1. Price should be above/below 200 EMA within 10-15 pips in 30M Timeframe.
2. Most important indicator - Sessions. What the price did in the previous day's session. If its favorable, we take the trade accordingly.
3. Discretion still required in some cases even if above two conditions are met.
Disclaimer: Trading requires utmost discipline. Deviations/Distractions are the cause for most people losing money in the Fx markets. If any one wants to post a chart, it should be within the above rules. EURUSD, USDJPY and all GBP pairs will not be traded in this system.