Hello and happy to be here

This thread will be an attepmt at explaining my style of trading, the tools I use and reasons I use them, a brief history of the humble beginnings, and a modest attempt to share information with any who ask.

Please let it be known that I do belong to a trading group that utilizes a unique outlook at the market through use of a custom charting platform. They are a trading family with a vast amount of experience, knowledge, and tools available to aid any trader from the newbie to the veteran accomplished trader by providing a wealth of information, teaching, support, and ongoing development in an ever changing market.

I do use Forex Factory's news calendar as a wonderful source of information as well as its forums to continue to learn and grow. I can only speak for myself, but I am truely grateful that Forex Factory exists and hope to find a place here to help others grow as I do, and to be a reliable source of information concerning the Foreign Currency Exchange Market.

Good health to all, and, as always, good pippin,

Chubs

I am still a very new trader and have found some success on my own, but am finding many successes and advancements.

I only trade very basic and fluid moving pairs, as they provide a more predictable flow at certain times during the trading week. The pairs I stick tO primarily are: EUR/USD, AUD/USD, USD/CAD, and from time to time GBP/USD. I try to stay away from yen pairs, but when I just can't resist the urge, I do trade the EUR/JPY, but I trade in a live chat setting and am sure to ask my teachers and mentors and other group members their opinion of what I believe I am seeing. The support and confirmation that provides is priceless, and I strongly advise that everyone atleast find a trading buddy or trading group that will be trading the same hours and has some sort of instant messaging or chat platform.

Further, I tend to try and trade the London session as the volatility provided during that session, front to back, allows for a clearer, more fluid movement in price ation and more stable signals.

I am becoming a price action trader, but still use some indicators for predictability. I know there are different opinions on this, but I feel I have found what works for me and takes me out of the "herd" mentality.

More to come Sunday.

Good health and good pippin,

Chubs

First, I would like to thank MP for a couple very reliable tools, the SHI Channel True, and Barry's Support and Resistance. Though I am pretty sure he did not create them, he did bring them to my attention. Whether a ranging or trending market, these two indicators should give you a good idea of trend direction and channel highs and lows to look for on any timeframe. Combined with Fibonacci retracements, one should be able to easily identify more reliable entries and targets in a fluid market.

Add to them a zero lag stochastics and/or a zero lag MACD, and one should have a pretty good arsinal of predictability. I personally use pip range bar charts along side my MT4 platform, which take time out of the equation and point more clearly to true price action. I would be happy to share what I know of pip range bar charts to anyone who would like to know more. Feel free to post any questions here on this thread.

Good health and good pippin,

Chubs

Hi chub,
could you post a chart to indicate your entry and exit.

Hey chubs, nice to see you over here! =)

Im looking forward to your approach, as Im always looking to learn new things. Im all ears!!

I will be posting a few screen shots this coming week and highlighting entries and targets. Please be patient with me as this is my newest and best attempt to share what I have learned. Further, I am happy to learn from anyone who may have good information to share. I do spend a great deal of time with the group I have already mentioned as they have already helped me grow so much, so the time I spend here in the forums is a bit restricted during the trading week, but I will make time to share an entry and exit strategy this coming week.

Glad to see a few of my old friends have already found me.

Good health and good pippin,

Chubs

Ok, here is a prime set up that happened earlier tonight. I am already out of the trade and I will explain why. I used my entry off the M5, and my exit off the M1. Usually I use the M1 for my entries, so I was late on this trade.

The entry was at the open of the first candle below the 13 sma. As you can see on screenshot, first you have a new high, followed by a higher high, however, on the MACD the second and higher high isn't higher than the first. This says that the bulls, (buyers), are starting to lose momentum and the bears, (sellers), are about to take over. For a safe entry, I wait until the close of the first candle below the 13 sma, but one could argue that the close of the second downward candle could have easily been an entry here also, which would have been caught by the M1, as well as a cross over on the pip range bar charts I use also. You can also see that the entry candle I use is also signified by a fresh downward cross of the zero lag Stochastics.

On this particular trade, I got out when the active stochastics line dropped below the 20 line. The move may have continued, but this was a safe exit for me.

Understand that I am not trying to pick tops or bottoms, just trying to take the meat out of the trade, and taking 49 pips profit out of an 85 pip move, just trading the M5, and doing some minor scalping on the M1 within this trade, allowed me to gain a total of 97 pips. Not bad for less than 2 hours work? I've done better and I've done worse, but pips are pips.

Good pippin,

Chubs

Please see last post for explanation of this trade.

Can anyone help me understand how to upload a screenshot?

Thanks, Chubs

Hi Chub
take a screen shoot at your chart and place the pic in a Paint artist where you can edit it.Then in the reply thread there you would see attachment next to the smiley.Hope that works.