Ok,
Just for a quick introduction to myself........
I am a 20 year old male from the Uk, and have been trading for the past 2 years with varying results.
I seem to have found a trading perspective that suits me and have started to see promising results over the past months, and have decided that keeping a log of thoughts Trades and results in a journal such as this will be very beneficial to me.
One thing that i stand by is my oppinion that Machanical profitable systems are VERY hard to come by. Remember i said 'OPINION', and everyone s entitled to there own.
To me trading should be a very instinctive process.........where the instinct is gained by SCREEN TIME!
I do not think i could write a manual to tell someone how to trade like i do, its not very concerete like that but I would say there are certain rules to be used....
*5 min chart
*draw lines of support and res from previous day
*asume what is happening now will carry on untill the market shows otherwise. eg. if the market is ranging, only buy at the bottom half of the range/sell atth top. If the market is treanding up/down then only take ur trades in that direction and preferably enter on pullbacks
*use fibs to find possible points to get out before a retrace and get back in at a better price.
.........to name a little for the moment.
Hopefully Ill start the Log tomorrow! with continued possitive results from friday (105pips).
Just for a quick introduction to myself........
I am a 20 year old male from the Uk, and have been trading for the past 2 years with varying results.
I seem to have found a trading perspective that suits me and have started to see promising results over the past months, and have decided that keeping a log of thoughts Trades and results in a journal such as this will be very beneficial to me.
One thing that i stand by is my oppinion that Machanical profitable systems are VERY hard to come by. Remember i said 'OPINION', and everyone s entitled to there own.
To me trading should be a very instinctive process.........where the instinct is gained by SCREEN TIME!
I do not think i could write a manual to tell someone how to trade like i do, its not very concerete like that but I would say there are certain rules to be used....
*5 min chart
*draw lines of support and res from previous day
*asume what is happening now will carry on untill the market shows otherwise. eg. if the market is ranging, only buy at the bottom half of the range/sell atth top. If the market is treanding up/down then only take ur trades in that direction and preferably enter on pullbacks
*use fibs to find possible points to get out before a retrace and get back in at a better price.
.........to name a little for the moment.
Hopefully Ill start the Log tomorrow! with continued possitive results from friday (105pips).
Living the adventure in my head.
