Hello everyone. This is my personal journal about my trades and more importantly my thoughts on the markets. I am a new and inexperienced trader. And this forum has been a great source of information and ideas for me. I tend to be a forum lurker and trading can be lonely, so i hope to garner some feedback on my ideas and trading.
Trading: Intraday Swing Trader, i am very comfortable with trading retracements or some people would call it pullback. I look for well-defined swing highs and lows for a trade setup to take place.
Indicators: 20 EMA
34 WMA
50 SMA
CCI (20 period)
Fibonacci
Timeframe 5min Candlesticks Chart and 30min for overview of market
This are the indicators i am mostly familiar term. I am a discretionary trader, and i base my trading decision on price action and the intermarket behaviour of the currencies i trade. I focus on USD/JPY, EUR/JPY, EUR/USD and GBP/USD.
Period: I will be trading from London opening to around London closing time. This are the most active period in the markets and therefore the best period to trade.
I hope by writing this journal i can help myself in evaluating my trading decision and process.
Trading: Intraday Swing Trader, i am very comfortable with trading retracements or some people would call it pullback. I look for well-defined swing highs and lows for a trade setup to take place.
Indicators: 20 EMA
34 WMA
50 SMA
CCI (20 period)
Fibonacci
Timeframe 5min Candlesticks Chart and 30min for overview of market
This are the indicators i am mostly familiar term. I am a discretionary trader, and i base my trading decision on price action and the intermarket behaviour of the currencies i trade. I focus on USD/JPY, EUR/JPY, EUR/USD and GBP/USD.
Period: I will be trading from London opening to around London closing time. This are the most active period in the markets and therefore the best period to trade.
I hope by writing this journal i can help myself in evaluating my trading decision and process.
