Hi Steven & All
Thanks for stopping by.
What in this thread:
1. Daily Chart analysis and set up information.
2. Weekly Account summary to show the trading result.
Why this thread:
1. To put the price action trading strategy into practice.
2. To build up the trading habit and module that will increase the equity.
How to achieve:
1. Only trade on daily chart. and the trading volume MUST less than 10% of the total margin. This will ensure I can survive from the market swings.
--NO ONE can predict where the price will head to, thus all open orders that greater than 10% will be treated as gambling not a trade order. if for sure the price will go up or down, why don't you put 100% on this order?
2. Always set up the SL for every single trade, I can loss this trade, but I cannot afford to lose this account.
3. Post the daily analysis. even there is no available trading signals, just to ensure closely connect with the market.
4. Post the weekly account summary, to review the strategy, actions during the week, to avoid the impulse buy & sell during the trading time.
5. DO NOT take any actions against H1 & Below time frame.
6. STAY AWAY from the market for most of the day, the prices up & down for no reason, and that's what it operates.
7. To study and share the price action strategy from time to time. to learn and to practice during the trading day.
When:
1. Starting from Nov.1st 2023
Who and where to go:
1. I want to FIRE
WARNNINGS: All INFORMATION IN THIS THREAD ARE PERSONAL ANALYSIS, IT IS NOT A RECOMMENDATION TO TRADE IN THE MARKET, PLEASE MAKE THE DESCISION ON YOUR OWN ANALYSIS.
Thanks for stopping by.
What in this thread:
1. Daily Chart analysis and set up information.
2. Weekly Account summary to show the trading result.
Why this thread:
1. To put the price action trading strategy into practice.
2. To build up the trading habit and module that will increase the equity.
How to achieve:
1. Only trade on daily chart. and the trading volume MUST less than 10% of the total margin. This will ensure I can survive from the market swings.
--NO ONE can predict where the price will head to, thus all open orders that greater than 10% will be treated as gambling not a trade order. if for sure the price will go up or down, why don't you put 100% on this order?
2. Always set up the SL for every single trade, I can loss this trade, but I cannot afford to lose this account.
3. Post the daily analysis. even there is no available trading signals, just to ensure closely connect with the market.
4. Post the weekly account summary, to review the strategy, actions during the week, to avoid the impulse buy & sell during the trading time.
5. DO NOT take any actions against H1 & Below time frame.
6. STAY AWAY from the market for most of the day, the prices up & down for no reason, and that's what it operates.
7. To study and share the price action strategy from time to time. to learn and to practice during the trading day.
When:
1. Starting from Nov.1st 2023
Who and where to go:
1. I want to FIRE
WARNNINGS: All INFORMATION IN THIS THREAD ARE PERSONAL ANALYSIS, IT IS NOT A RECOMMENDATION TO TRADE IN THE MARKET, PLEASE MAKE THE DESCISION ON YOUR OWN ANALYSIS.
Daily Chart Trader - Appreciate time to work