I'm starting this journal to keep track of my trading as well as share my ideas and habits with others and improve my style.
At this point in my learning curve, I like to use quartile pivot points or channels combined with the rate of change in closing price or range. My trades do not usually last longer then a couple days. 2 to 1 reward to risk, 0.5% risk per trade.
I'm a big believer in using as many different indicators or pieces of information as you can without them taking away too much from your opportunities. It makes sense to me that the odds are stacked in your favor more using more pieces of different data.
Comments and questions are welcome or if you have any ideas you would like to share, feel free. If you want to post your trades then please post a chart or give a reason why you think it is a good idea.
I haven't completely found my 'edge'
Don't place trades based on my analysis only
Do your own homework.
Happy Trading
At this point in my learning curve, I like to use quartile pivot points or channels combined with the rate of change in closing price or range. My trades do not usually last longer then a couple days. 2 to 1 reward to risk, 0.5% risk per trade.
I'm a big believer in using as many different indicators or pieces of information as you can without them taking away too much from your opportunities. It makes sense to me that the odds are stacked in your favor more using more pieces of different data.
Comments and questions are welcome or if you have any ideas you would like to share, feel free. If you want to post your trades then please post a chart or give a reason why you think it is a good idea.
I haven't completely found my 'edge'
Don't place trades based on my analysis only
Do your own homework.
Happy Trading