Been playing around with FX for 2-3 years now, finally managed to mess with longer TFs like 4h-Daily.
Just need a "public" place to keep my trading & analysis in check, will post analysis at US Close + sometimes London Open.
My Trading Plan is simple: Use S&R lines from Daily charts, then use Daily & H4 to finetune the entry using Candle Stick Patterns.
Looking for entries next week:
Maybe a Short on the EU
S/L on UC depends on action (beneath 1.6 or above 1.62 )
Short on EJ
I attached two screenshots to show you my tradingstyle (EU D1/H4).
I continually draw & remove S/Rs on the EU wherever they are important and up to date.
This way i channel the price into a zone, once the price gets close to the S/R lines I check H4 for reversal patterns, or wait for a break,retrace,(use as support) move on pattern.
On the second chart you see the H4 for the same time and my two trades.
I place my SL a few pips beneath the S/R line (20ish).
First one closed at 1.392
Second one closed at 1.396
Just need a "public" place to keep my trading & analysis in check, will post analysis at US Close + sometimes London Open.
My Trading Plan is simple: Use S&R lines from Daily charts, then use Daily & H4 to finetune the entry using Candle Stick Patterns.
Looking for entries next week:
Maybe a Short on the EU
S/L on UC depends on action (beneath 1.6 or above 1.62 )
Short on EJ
I attached two screenshots to show you my tradingstyle (EU D1/H4).
I continually draw & remove S/Rs on the EU wherever they are important and up to date.
This way i channel the price into a zone, once the price gets close to the S/R lines I check H4 for reversal patterns, or wait for a break,retrace,(use as support) move on pattern.
On the second chart you see the H4 for the same time and my two trades.
I place my SL a few pips beneath the S/R line (20ish).
First one closed at 1.392
Second one closed at 1.396