I am starting a new trading journal where I will post information on trades and trading style.
My first suggestion to any new trader who has questions about forex trading: read the first 200 pages of fti's Technical Analysis Falicy here on FF, taking notes and asking questions of fti as you go. When you are finished reading and studying TAF, re-read the entire first 200 pages and study again. I would like to thank fti for all of his help and let him know how much I enjoyed participating in his TAF thread. Although I do not follow his approach, I find his approach to be an excellent addition to my trading tool kit. When in doubt, go naked and dance with PA!
I will use this thread to replace my "For What Its Worth" trading journal. Please note one very important thing: I am not selling anything, but just posting trades and ideas.
I use several tools in chart analysis (trend lines, candle patterns, and fibs) but this thread is not a place to debate the validity of these tools. I use them, they work for me, and if you do not use them or believe in their use, go someplace else to conduct your debate.
I will try to post at least one chart per day (no promises) just to keep things moving. The actual purpose of this thread is to document my trades and see how things develop and evolve over time. In addition, I will, when time permits, post some weekly thoughts on where the market is headed or what (in general) the market is doing. These thoughts are my opinion and are based on my economic, political, and financial analysis.
First chart to be posted later.
My first suggestion to any new trader who has questions about forex trading: read the first 200 pages of fti's Technical Analysis Falicy here on FF, taking notes and asking questions of fti as you go. When you are finished reading and studying TAF, re-read the entire first 200 pages and study again. I would like to thank fti for all of his help and let him know how much I enjoyed participating in his TAF thread. Although I do not follow his approach, I find his approach to be an excellent addition to my trading tool kit. When in doubt, go naked and dance with PA!
I will use this thread to replace my "For What Its Worth" trading journal. Please note one very important thing: I am not selling anything, but just posting trades and ideas.
I use several tools in chart analysis (trend lines, candle patterns, and fibs) but this thread is not a place to debate the validity of these tools. I use them, they work for me, and if you do not use them or believe in their use, go someplace else to conduct your debate.
I will try to post at least one chart per day (no promises) just to keep things moving. The actual purpose of this thread is to document my trades and see how things develop and evolve over time. In addition, I will, when time permits, post some weekly thoughts on where the market is headed or what (in general) the market is doing. These thoughts are my opinion and are based on my economic, political, and financial analysis.
First chart to be posted later.