This is my first trading journal and I am Spanish, so my English is not as good as I wanted. Sorry in advance for my mistakes.
My trading style is price action + volume. I have some S/R levels every day, and I wait patiently until price arrives to this levels. Once the price has arrived and if I have a reversal pattern with volume, I trade.
I trade in 15 minutes time frame.
I only open a trade if the price is at the max or min of the day, so what I am looking for is for the reversal of the day. I don’t mind which is the trend, I am looking for a short intraday movement.
My stoploss is always a few pips from the reversal pattern.
The reversal can be with one candle (pin bar) or with two candles, but no more.
Every trade can have 1, 2 or 3 take profits, depending on the currency. I call them TP1, TP2 and TP3. Usually, TP1 is the same distance as stop, TP2 is double stop, and TP3 is three times the stop.
Right now, I only trade eurusd in real, but I am finishing some backtests on another currencies so I will be posting some photos of those other trades. Although I am sure I will have to do some adjustments in the way I will trade those currencies, before I do it in real.
Any kind of comments with be welcome.
My trading style is price action + volume. I have some S/R levels every day, and I wait patiently until price arrives to this levels. Once the price has arrived and if I have a reversal pattern with volume, I trade.
I trade in 15 minutes time frame.
I only open a trade if the price is at the max or min of the day, so what I am looking for is for the reversal of the day. I don’t mind which is the trend, I am looking for a short intraday movement.
My stoploss is always a few pips from the reversal pattern.
The reversal can be with one candle (pin bar) or with two candles, but no more.
Every trade can have 1, 2 or 3 take profits, depending on the currency. I call them TP1, TP2 and TP3. Usually, TP1 is the same distance as stop, TP2 is double stop, and TP3 is three times the stop.
Right now, I only trade eurusd in real, but I am finishing some backtests on another currencies so I will be posting some photos of those other trades. Although I am sure I will have to do some adjustments in the way I will trade those currencies, before I do it in real.
Any kind of comments with be welcome.
