Hello members of forex factory and welcome to my trading journal.
My process always starts with a Macro/Fundamental catalyst. Most of my time is spent researching said "catalysts" as this is the backbone of my process.
I'm hopeful that after some time a community will build here that bounces ideas off each other for their trade ideas/catalyst.
After the hard yards are done its time for some basic analysis while I look for entries. I have a 3-factor process involving Price, Volume and Volatility. I trade when these 3 factors are in line with the overriding Macro/Fundamental bias of the market.
Risk management is huge for me. I get more satisfaction out of small drawn downs than I do big profits! I'm always looking for risk and then managing it objectively based on the data.
I'll be posting my results after each closed trade here in this thread as proof of a consistent, discretionary process that is low risk and data-driven.
No question is a dumb question and my hope is I also learn from this community!
Thanks
Jack
My process always starts with a Macro/Fundamental catalyst. Most of my time is spent researching said "catalysts" as this is the backbone of my process.
I'm hopeful that after some time a community will build here that bounces ideas off each other for their trade ideas/catalyst.
After the hard yards are done its time for some basic analysis while I look for entries. I have a 3-factor process involving Price, Volume and Volatility. I trade when these 3 factors are in line with the overriding Macro/Fundamental bias of the market.
Risk management is huge for me. I get more satisfaction out of small drawn downs than I do big profits! I'm always looking for risk and then managing it objectively based on the data.
I'll be posting my results after each closed trade here in this thread as proof of a consistent, discretionary process that is low risk and data-driven.
No question is a dumb question and my hope is I also learn from this community!
Thanks
Jack