ABOUT ME: Hi. I`m 24 y.o dude who is trying to find happiness through financial freedom. Tho i already found one, the other is yet to reveal itself.
Tho i consider myself a newbie as far as earning via trading goes, what im gonna post here is not for beginners. Basic concepts like trend, correction, retracement, sup/res, fibonacci, elliott ect will be used and basic understanding of those concepts kinda necessary.
My trading method: is literally the ABC of the market. I trade basic corrective pattern a=c with guidelines i've established for myself. These guidelines define what i look for, when i enter the market, when i exit the market.
The reason for this journal is to discipline myself further and a place where i can always look back and keep track of my development. Unfortunately this is the only use i can find for forexfactory forums, or any forex forums for that matter. Its not hard at all to get lost in a pile of useless "promising" threads that also swallows the ones that could actually help anyone. Tho i must admit some threads were pretty inspirational and even gave me ideas that proved useful. Not tools, but ideas.
Getting off-topic here. Below ill give brief introduction as to how i look at markets, tho i do not intent to get into details of the "strategy", if you can believe i have one.
Concept: As per the writings of dear old mr Elliott, markets trend and correct. And during corrections, markets move in 3 distinctive wave (or a triangle) in one form or another. And every corrective move results in reversals. These reversals could be big, or temporary depending on the nature of the corrective move (simple/complex).
So i simply took this concept, and applied. You would be amazed how many trends start at the end of basic abc move. Elliott figured it out with raw data, drawing charts with rulers and shit. What a genius.
Basic illustration:
Some recent examples of the phenomenon:
EURCHF H4:
AUDJPY D1:
Tho i consider myself a newbie as far as earning via trading goes, what im gonna post here is not for beginners. Basic concepts like trend, correction, retracement, sup/res, fibonacci, elliott ect will be used and basic understanding of those concepts kinda necessary.
My trading method: is literally the ABC of the market. I trade basic corrective pattern a=c with guidelines i've established for myself. These guidelines define what i look for, when i enter the market, when i exit the market.
The reason for this journal is to discipline myself further and a place where i can always look back and keep track of my development. Unfortunately this is the only use i can find for forexfactory forums, or any forex forums for that matter. Its not hard at all to get lost in a pile of useless "promising" threads that also swallows the ones that could actually help anyone. Tho i must admit some threads were pretty inspirational and even gave me ideas that proved useful. Not tools, but ideas.
Getting off-topic here. Below ill give brief introduction as to how i look at markets, tho i do not intent to get into details of the "strategy", if you can believe i have one.
Concept: As per the writings of dear old mr Elliott, markets trend and correct. And during corrections, markets move in 3 distinctive wave (or a triangle) in one form or another. And every corrective move results in reversals. These reversals could be big, or temporary depending on the nature of the corrective move (simple/complex).
So i simply took this concept, and applied. You would be amazed how many trends start at the end of basic abc move. Elliott figured it out with raw data, drawing charts with rulers and shit. What a genius.
Basic illustration:
Some recent examples of the phenomenon:
EURCHF H4:
AUDJPY D1:
