Hi everyone,
I've decided to start this thread to post some of the setups that I take. I'll try to post the setups when I take them but I cant guarantee I'll always do that since most of the setups happen while I'm at work. I'm not here to sell anything or to brag how good I'm. I've tried to find a serious forex trading buddy (someone who keeps trading journal, follow his/her trading rules, backtesting/forward testing his/her trading method before risking a lot, and not jumping from one system to another every 3 months) on different trading websites but I haven't been able to find one. Hopefully by starting this thread I might be able to find a serious trader who wants to setup a small accountability group with me.
A bit about myself. I've been learning and trading forex for 5 and a half years now. I've used reversal trading system since August 2014. So far, the result is not that good (a bit loss). The system I that I use is based on price action and support & resistance zone. I always have two targets. When price goes to my TP1, I close half of my position, move my SL to BE and close the rest when it gets to my TP2. When I only get TP1 then Ill record it as 0.5 win and if price gets to my TP2 then I get 1.5 win. If price touches my SL then its 1 loss.
Thank you for your time to read my post. Good luck with your trading and don't forget to follow your trading rules.
I've decided to start this thread to post some of the setups that I take. I'll try to post the setups when I take them but I cant guarantee I'll always do that since most of the setups happen while I'm at work. I'm not here to sell anything or to brag how good I'm. I've tried to find a serious forex trading buddy (someone who keeps trading journal, follow his/her trading rules, backtesting/forward testing his/her trading method before risking a lot, and not jumping from one system to another every 3 months) on different trading websites but I haven't been able to find one. Hopefully by starting this thread I might be able to find a serious trader who wants to setup a small accountability group with me.
A bit about myself. I've been learning and trading forex for 5 and a half years now. I've used reversal trading system since August 2014. So far, the result is not that good (a bit loss). The system I that I use is based on price action and support & resistance zone. I always have two targets. When price goes to my TP1, I close half of my position, move my SL to BE and close the rest when it gets to my TP2. When I only get TP1 then Ill record it as 0.5 win and if price gets to my TP2 then I get 1.5 win. If price touches my SL then its 1 loss.
Thank you for your time to read my post. Good luck with your trading and don't forget to follow your trading rules.