My major trading strategy is here if you are interested http://www.forexfactory.com/forexfor...ad.php?t=10874. I am keeping a journal for my own sake. I hope to have some valuable critique to make my trading better. I'll post diagrams and explanations too to help me with review and for those who decide to read my thread.
First trade is unfortunately a loser. AUD/USD, I entered on a pullback from what I thought was the break of a 1-2-3 pattern and even though she was in for 15 pips profit at one time, she bit me in the end. I was playing the bounce off the major line of resistance of an upward sloping triangle. I traded smartly though because I reduced my position size after she broke the minor downtrendline, thus reducing my overall loss. Waiting to see if she breaks the upper resistance line on the weekly.
First trade is unfortunately a loser. AUD/USD, I entered on a pullback from what I thought was the break of a 1-2-3 pattern and even though she was in for 15 pips profit at one time, she bit me in the end. I was playing the bounce off the major line of resistance of an upward sloping triangle. I traded smartly though because I reduced my position size after she broke the minor downtrendline, thus reducing my overall loss. Waiting to see if she breaks the upper resistance line on the weekly.
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