Daily log of my trades thoughts and execution of my strategy. I'm also working on developing an EA to eliminate the emotions. Currently in a sell of EUR/AUD target 161.284 SL at 161.859
My style consist of Top down analysis with entry on a 5 minute candle. Many trades are made with sell or buy stops. Once 10 pips in profit, I move my SL to 3 pips above the entry. My method consist of renko bars, a currency strength meter and price action. I may glance at the 50 EMA as well. I'm also within the challenge phase of FTMO. I am attempting the $25K challenge. Once I'm funded, I then will attempt for two $100K accounts. Rob the bank with kindness, play defense first. Pips and Production.
My style consist of Top down analysis with entry on a 5 minute candle. Many trades are made with sell or buy stops. Once 10 pips in profit, I move my SL to 3 pips above the entry. My method consist of renko bars, a currency strength meter and price action. I may glance at the 50 EMA as well. I'm also within the challenge phase of FTMO. I am attempting the $25K challenge. Once I'm funded, I then will attempt for two $100K accounts. Rob the bank with kindness, play defense first. Pips and Production.