This is just a thread for me to write my thoughts as I place trades so that I can go back and review the reasoning behind each trade as an attempt to pin point weaknesses and also know my strengths. Anyone is welcome to add their 2 cents.
My approach to trading is identifying M15 support and resistance areas and then use M1 to take bounces and breakouts depending on stochs and CCI to determine whether the level held.
My approach to trading is identifying M15 support and resistance areas and then use M1 to take bounces and breakouts depending on stochs and CCI to determine whether the level held.
Ignored
I dont use the scalping setup at this time. Only S/R and P/A around it.
Its a Sunday night and there are no setups, or anything else of interest developing at this time but I do want to revisit some of the fundamental momentum drivers last week that might have an impact this week. I am mainly looking to see if the technical picture of EURO possibly putting in a short term bottom is confirmed and then backed up with some positive EURO news and if that happens, the AUSSIE is the one I will look for opportunities to trade from the long side as the rates picture will deteriorate further imo in Europe and there will be talk of US QE which will hold back both currencies and hence the money should move towards tangible assets such as commodities and precious metals and aussie is a commodity producer. I am keeping my hands warm atleast. (not that i want to since its already warm, being summer and all) Lets see what LO brings
