First of all my many thanks to wonderful community of FF, those who tolerate each other despite their mistakes and are always ready to help. The path to learning was very hard, the more i learned from valuable community of FF, the more i realized that i know nothing and need to know more.
finally i have reached to a conclusion that whole trading process is in the head and not there out on the chart. This have lead me to more simplicity and have changed many beliefs through the hard process.
Now i day trade seldom (only EURUSD-5 M chart) and trade rest with daily charts. Daily charts are real holy grail for traders and automatically adjust many mistakes we as traders make in the market.
for daily charts i use 200 SMA, 20 EMA, HA and TDI with GMMA (for visual trend tasting only)
For day trading EURUSD I use 480,80,20 EMAs on 1 H chart and while 240, 60, 20 on 5 M charts
Most of the trades are based on PA but later confirmed by indicators if at all required as indicators are only used for confirmation and for general trend direction. Mostly trades are taken on the basis of PA.
finally i have reached to a conclusion that whole trading process is in the head and not there out on the chart. This have lead me to more simplicity and have changed many beliefs through the hard process.
Now i day trade seldom (only EURUSD-5 M chart) and trade rest with daily charts. Daily charts are real holy grail for traders and automatically adjust many mistakes we as traders make in the market.
for daily charts i use 200 SMA, 20 EMA, HA and TDI with GMMA (for visual trend tasting only)
For day trading EURUSD I use 480,80,20 EMAs on 1 H chart and while 240, 60, 20 on 5 M charts
Most of the trades are based on PA but later confirmed by indicators if at all required as indicators are only used for confirmation and for general trend direction. Mostly trades are taken on the basis of PA.
yez good luck on the journey bro. 