I am going to attempt to keep things simple with this journal, placing trades that are very basic, not very ambitious, but highly reliable.
My methodology is simple. During the asian session, evaluate the significant levels surrounding the last day's price action, and place an order with a tight limit and stop to capture the small bounce off that level.
I am purposely keeping my expectations low to remove any desire to trade outside my rules. I won't be taking large profits, just hopefully reliable profits. If the market ranges, my order will probably not be hit and I will gladly be out of the market.
Comments are welcome! I am looking forward to trading in a more public environment.
My methodology is simple. During the asian session, evaluate the significant levels surrounding the last day's price action, and place an order with a tight limit and stop to capture the small bounce off that level.
I am purposely keeping my expectations low to remove any desire to trade outside my rules. I won't be taking large profits, just hopefully reliable profits. If the market ranges, my order will probably not be hit and I will gladly be out of the market.
Comments are welcome! I am looking forward to trading in a more public environment.
Broker: chartsio, Trading Frequency: 1-2 per day