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New Adventure

  • #1
  • First Post: Edited Aug 30, 2022 12:31am Aug 29, 2022 9:24pm | Edited Aug 30, 2022 12:31am
Testing my Own strategy and trying to figure out which way trading style that suit for me.
Want to be success and be better than old me.

My strategy is combine EMA 200 , MFI and BB together.
And most important thing is Support Resistance , Supply Demand zone, and last thing Price Action and pattern.

No more shortcut
Ambition to oversize
Break rule
impatience

Stick to rule
Patience
Discipline
Confident
Work and study hard
Take note and record trade

Strategy:
1. Find where is the support and resistance.
2. Find Supply and Demand zone, where to get in and out.
3. EMA 200 for trend direction.
4. MFI for overbought / Oversold and Divergence (reverse)
5. Akim BB entry set up for enter.
6. Watch carefully about pattern or price action that trend possible reverse.
(In process testing)
Remark: Not confirm yet a profit strategy, do not blindly follow my trade or strategy)
This thread just for opinion and view sharing , and record my new adventure for my own trace my trade and capital.

Thank for if you are motivate me , please no bad comment or attacker, if you don’t like my thread just leave me alone here.

Thread rule: No argue or cyber fight.
Thank you.
Feel free to post any your view or analysis.
PA Return Today: 8.1%
  • #2
  • Aug 29, 2022 9:32pm Aug 29, 2022 9:32pm
Welcome to the wild world of Forex!

As with anything worthwhile, it will take you some time to master the art of trading. my advice to complete beginners remains to read as many books as possible on the subject.

This is going to sound like a quote out of a motivational mumbojumbo book, but i will say it anyway ....
If you want to be successful at a certain subject, first study intensely how the best people in that field operate. then formulate your own style.
This will give you an incredible jumpstart because you already understand the needed ingredients, its just a matter of using those ingredients to formulate your own dish.

This is why l always recommend first reading the Market Wizards books by Schwagger...
it interviews the best traders in the world and goes deep into what makes someone successful at trading.

After you read these two books, you will be able to decipher what is good information and what is BS when reading the further material.

Good luck and best wishes

Pat CHIKO
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3
  • Aug 29, 2022 9:33pm Aug 29, 2022 9:33pm
Quoting Pat Chiko
Welcome to the wild world of Forex! As with anything worthwhile, it will take you some time to master the art of trading. my advice to complete beginners remains to read as many books as possible on the subject. This is going to sound like a quote out of a motivational mumbojumbo book, but i will say it anyway .... If you want to be successful at a certain subject, first study intensely how the best people in that field operate. then formulate your own style. This will give you an incredible jumpstart because you already understand the needed ingredients,...
thank mate.
i buying this book and waiting shipping
PA Return Today: 8.1%
  • #4
  • Edited 11:04pm Aug 29, 2022 9:34pm | Edited 11:04pm
Second trade.
Reason : touch 1h/4h Supply area , and price is below EMA 200 , downtrend direction, but careful 1711-1724 possible reverse demand area.
this trade took at ytd , Entry akim set up 1h.

first trade fail cause of wrong area.
was enter 39 and tight stop 42.
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PA Return Today: 8.1%
  • #5
  • Aug 29, 2022 11:19pm Aug 29, 2022 11:19pm
Quoting Pat Chiko
This is why l always recommend first reading the Market Wizards books by Schwagger... it interviews the best traders in the world and goes deep into what makes someone successful at trading. After you read these two books, you will be able to decipher what is good information and what is BS when reading the further material. Good luck and best wishes Pat CHIKO {image}
Whats the 2nd Book bro?
More time in the market, does not mean you trade better!
  • #6
  • Aug 29, 2022 11:34pm Aug 29, 2022 11:34pm
Quoting Fardeen1209
{quote} Whats the 2nd Book bro?

Schwager, New Market Wizards.
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Take aways.............

One clear theme is the importance of emotional discipline in trading.
William Eckhardt puts it best when he says,
“Many outstandingly intelligent people are horrible traders.
Average intelligence is enough.
Beyond that, emotional makeup is more important”.

Along the same lines, Tom Basso stresses that successful traders must be “observers of themselves,” and Charles Faulkner comments that traders must possess a natural scientific detachment from what they do.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #7
  • Aug 29, 2022 11:52pm Aug 29, 2022 11:52pm
Quoting Pat Chiko
{quote} Schwager, New Market Wizards. {image} Take aways............. One clear theme is the importance of emotional discipline in trading. William Eckhardt puts it best when he says, “Many outstandingly intelligent people are horrible traders. Average intelligence is enough. Beyond that, emotional makeup is more important”. Along the same lines, Tom Basso stresses that successful traders must be “observers of themselves,” and Charles Faulkner comments that traders must possess a natural scientific detachment from what they do.

when i read finish first one then will buy again the second book.
PA Return Today: 8.1%
  • #8
  • Edited 1:08am Aug 30, 2022 12:20am | Edited 1:08am
Quoting LeongPuiy
Second trade. Reason : touch 1h/4h Supply area , and price is below EMA 200 , downtrend direction, but careful 1711-1724 possible reverse demand area. this trade took at ytd , Entry akim set up 1h. first trade fail cause of wrong area. was enter 39 and tight stop 42. {image}
Tp hit.
still possible drop more to current low or lower 171x-1720,
but i decide to tp at nearer 1h Demand zone. so also possible bounce here for retest upside.
now I wait next train signal & set up.
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PA Return Today: 8.1%
  • #9
  • Aug 30, 2022 12:43am Aug 30, 2022 12:43am
Quoting Pat Chiko
{quote} Schwager, New Market Wizards. {image} Take aways............. One clear theme is the importance of emotional discipline in trading. William Eckhardt puts it best when he says, “Many outstandingly intelligent people are horrible traders. Average intelligence is enough. Beyond that, emotional makeup is more important”. Along the same lines, Tom Basso stresses that successful traders must be “observers of themselves,” and Charles Faulkner comments that traders must possess a natural scientific detachment from what they do.
Thanks bro
More time in the market, does not mean you trade better!
  • #10
  • Aug 31, 2022 4:00am Aug 31, 2022 4:00am
Third trade failed.
counter trend trade, divergence fail and bear momentum is stronger than bull at gold.
PA Return Today: 8.1%
  • #11
  • Edited 10:18am Aug 31, 2022 6:50am | Edited 10:18am
I think the sellers are hidden there and cooking something.

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my mistake: Blindly traded, price was making HH and HL and I failed to see it. So closed with a loss.
  • #12
  • Aug 31, 2022 6:58am Aug 31, 2022 6:58am
Quoting LeongPuiy
Third trade failed. counter trend trade, divergence fail and bear momentum is stronger than bull at gold.
Divergence may still work there,
but my trade was wrong stop n timing.
next train.
PA Return Today: 8.1%
  • #13
  • Aug 31, 2022 7:03am Aug 31, 2022 7:03am
Quoting LeongPuiy
{quote} Divergence may still work there, but my trade was wrong stop n timing. next train.
End of the month so beware. Price might not behave as expected.
  • #14
  • Aug 31, 2022 7:25am Aug 31, 2022 7:25am
Quoting ForeoneX
{quote} End of the month so beware. Price might not behave as expected.
Gold flying , and my early target 1920 , maybe soon.
but hit me first then bounce,
the trade was too early n tight stop maybe.
NFP this Friday, still chance can get in next train.
your EU need careful. Price being sideway and bull holding.
PA Return Today: 8.1%
  • #15
  • Aug 31, 2022 7:39am Aug 31, 2022 7:39am
Quoting LeongPuiy
{quote} Gold flying , and my early target 1920 , maybe soon. but hit me first then bounce, the trade was too early n tight stop maybe. NFP this Friday, still chance can get in next train. your EU need careful. Price being sideway and bull holding.
Gold does it always. Ya was too bullish and Thank you..
  • #16
  • Edited 10:34am Aug 31, 2022 8:06am | Edited 10:34am
GJ, what is happening in this area, I really don't know.

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Update: Finally, sellers came in to the area.

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  • #17
  • Edited 5:18am Sep 1, 2022 12:13am | Edited 5:18am
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Edit: 4H Supply area,
15m Akim set up for entry, i get in too early at 161.50 , if patience enough can get 161.6-161.7. Trend still down at small tf until 4h chart.
tp between 160.7-160.1 because this demand is fresh and hvnt test yet.
last thing 4h recent PA look like lower low and lower high.

Last update , stop set BE.
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PA Return Today: 8.1%
  • #18
  • Sep 1, 2022 5:58am Sep 1, 2022 5:58am
GJ is stubborn and this is a critical area. Either break going higher or lower. I anticipate going lower. Let's watch for now.

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  • #19
  • Sep 1, 2022 6:34am Sep 1, 2022 6:34am
Quoting ForeoneX
GJ is stubborn and this is a critical area. Either break going higher or lower. I anticipate going lower. Let's watch for now. {image}
I already BE out. No trade for now.
i waiting next train, any trade i open will post here.
for now , waiting time.
PA Return Today: 8.1%
  • #20
  • Sep 1, 2022 8:45am Sep 1, 2022 8:45am
Will looking to buy EU and GU next week for me.. gold too.
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