First, I've open this thread as my trading journal about a trading idea I have. So I'm not going to teach anyone. Also, I've opened a small real account to try this, a demo account is good, but it's not the same as real money.
In fact, the idea it's pretty simple, but it's difficult to follow all the rules, and that's the reason for this thread. I want to prove myself the idea is valid, and I can follow the rules.
The first rule and this is the only one I'm going to disclosure, is this:
- If daily candle opens and closes above the Pldot, only buy.
- If daily candle opens and closes below of the Pldot, only sell.
For example, it was a sell signal on Monday, so I'm selling NZDUSD since then. Let's see how far it goes.
In fact, the idea it's pretty simple, but it's difficult to follow all the rules, and that's the reason for this thread. I want to prove myself the idea is valid, and I can follow the rules.
The first rule and this is the only one I'm going to disclosure, is this:
- If daily candle opens and closes above the Pldot, only buy.
- If daily candle opens and closes below of the Pldot, only sell.
For example, it was a sell signal on Monday, so I'm selling NZDUSD since then. Let's see how far it goes.