I think the last time I posted on FF was in February in 2010 and before that the last time I was really active was in 2009. I decided to come back and to start a simple trading journal for my own sake and the sake of the community.
I have very simple rules. some of them are controversial and debatable but that is my style that fits my personality.
Here they are
1. I trade mostly the daily timeframe. Sometimes I drop to lower timeframes to optimize my entries. So daily timeframe.
2. I use mostly PA and SR. Not a big fan of indicators whether they are predictive or lagging or repainting (like the cameleon) So PA+SR.
3. No physical stop loss. I am a big fan of trade management and risk control.
4. Mostly no targets in trending markets. Maybe targets in ranging markets. Ie how do you know how long the trend lasts. (Remember no prediction.)
5. The reason for 3 and 4 is that I do not like to expose to the market maker, dealer, broker, whatever what are my plans or what do I think or how my system looks like.
Ha this is for starters just. I have to go now. Will be back later.
If I forgot something from my rules I will add later but these are the main ones.
Regards
BR
I have very simple rules. some of them are controversial and debatable but that is my style that fits my personality.
Here they are
1. I trade mostly the daily timeframe. Sometimes I drop to lower timeframes to optimize my entries. So daily timeframe.
2. I use mostly PA and SR. Not a big fan of indicators whether they are predictive or lagging or repainting (like the cameleon) So PA+SR.
3. No physical stop loss. I am a big fan of trade management and risk control.
4. Mostly no targets in trending markets. Maybe targets in ranging markets. Ie how do you know how long the trend lasts. (Remember no prediction.)
5. The reason for 3 and 4 is that I do not like to expose to the market maker, dealer, broker, whatever what are my plans or what do I think or how my system looks like.
Ha this is for starters just. I have to go now. Will be back later.
If I forgot something from my rules I will add later but these are the main ones.
Regards
BR
.