http://i.imgur.com/kkVKAqW.jpg
This thread is basically to keep my charts and analysis in one area so I can go over them later. I will be posting all of my trades here, some days and weeks there will be a lot, others not so many as you can only trade what the market throws out on the chart.
Anyone can post in this thread with analysis, discussion, criticism or questions as we're all here to help each other beat the market.
Normally, I trade/scalp going for 10-30-100's of pips at a time using the 4 methods above combined into one, and use all timeframes for my decisions, the amount of pips I aim for totally depends on the timeframe and the current price action. I also use my own method which is essentially finding an exact number which price will hit - immediately change direction and fire off the other way.
That allows me to be very accurate with my entrys.
The pairs I currently trade are; click on my username and thou shall be enlightened.
My own trading rules are pretty simple;
1. Always have a well positioned stop loss for each position.
2. Never increase the stop loss size if in a losing position hoping the market will reverse later on.
3. Only enter the market on or around certain areas which have not been re-tested or re-hit since price moved away from it, namely untested S&D, Psych levels, untested Pivots and Fib levels.
4. Have belief in your analysis and decisions.
5. Have a sound understanding of price action and how the market actually moves, where there's likely to be a lot of buy/sell/stop orders, etc.
6. Let the market come to you, patience is key.
7. Never forget rules 1-6 and follow them
to the letter...
- G