Hi all,
Trading for a while now and want to post about my trading just for fun!
So I'm trading a discretionary grid trading system manual in Forex. Rules are very simple.
- on the 1 hours time frame
- Look for an super extended trend in one direction (long candles with no consolidation)
- No pullback's happened yet
- Look if price is entering a support resistance zone
- Open small grid positions at the zone and wait for the pullback 2R
- Optional you can check the RSI for oversold/overbought. But you can see it on the chart already. Preffer clean trading.
Weekly I trade only one trade, will try to post them here also if there is interest
Trading for a while now and want to post about my trading just for fun!
So I'm trading a discretionary grid trading system manual in Forex. Rules are very simple.
- on the 1 hours time frame
- Look for an super extended trend in one direction (long candles with no consolidation)
- No pullback's happened yet
- Look if price is entering a support resistance zone
- Open small grid positions at the zone and wait for the pullback 2R
- Optional you can check the RSI for oversold/overbought. But you can see it on the chart already. Preffer clean trading.
Weekly I trade only one trade, will try to post them here also if there is interest