Obs: Main Time Frame is 1 Hour. (not 1m anymore)
I want to try this new system, and I would have recorded how efficient it is.
Anyone is welcome and I will be grateful to read constructive comments.
Some insights before continuing... :
1. Why to write a Journal? : I think the only way to progress in something, anything is to keep tracking of your progress or failures.
2. Why Did I lose money ? : I don't know the Power of following the Trend. And worst than that, I do not know recognize when a trend is forming, continuous and ending.
3. Aside from following the trend, What else I should take into account in order to be successful ? : Good opportunities to enter, an exit plan, money management, emotion management:discipline, a system which will assist all previous.
3. My style of trade currently has three dimensions as follows:
dimension 1: OFF: I am testing a New System "Order Flow Framework": go directly here.
also nice to look at: HPFZ: Added a new dimension on my trades: HIGH PROBABILITY FIBONACCI ZONE ANALYSIS here
dimension 2: PA: I am testing Price Action with OFF and HPFZ strategy as main levels, here and here
dimension 3: Money Managementcurrenly using with the low/risk account here
also nice to look: previous MMs here, here and here
dimension 4: Emotion Management: some posts here
some stands of this system for anyone who wants to understand better charts I am posting (with the line colours)
Important Intraday Price Levels:
BP Balance Point
HR High Range
LR Low Range
WIBH Week Initial Balance High
DIBH Double Initial Balance High
WIBL Week Initial Balance Low
DIBL Double Initial Balance Low
PH Primary High
SH Secondary High
TRH Trading Range High
TRL Trading Range Low
SL Secondary Low
PL Primary Low
ENTRY RULES:
Longs:
PA set ups near LR, WIBL, DIBL, PL
PA set up crossing avobe BP.
Shorts:
PA set ups near HR, WIBH, DIBH, PH
PA set up crossing below BP.
So this journal is about, progress, failures, entrys, exits, money and emotion management, and systems, in my next posts I will try to talk always about those topics.
My great hope is that both the writer and the reader may benefit from time spent here. So welcome and let´s try to find some Trends in M1 Timeframe.
I want to try this new system, and I would have recorded how efficient it is.
Anyone is welcome and I will be grateful to read constructive comments.
Some insights before continuing... :
1. Why to write a Journal? : I think the only way to progress in something, anything is to keep tracking of your progress or failures.
2. Why Did I lose money ? : I don't know the Power of following the Trend. And worst than that, I do not know recognize when a trend is forming, continuous and ending.
3. Aside from following the trend, What else I should take into account in order to be successful ? : Good opportunities to enter, an exit plan, money management, emotion management:discipline, a system which will assist all previous.
3. My style of trade currently has three dimensions as follows:
dimension 1: OFF: I am testing a New System "Order Flow Framework": go directly here.
also nice to look at: HPFZ: Added a new dimension on my trades: HIGH PROBABILITY FIBONACCI ZONE ANALYSIS here
dimension 2: PA: I am testing Price Action with OFF and HPFZ strategy as main levels, here and here
dimension 3: Money Managementcurrenly using with the low/risk account here
also nice to look: previous MMs here, here and here
dimension 4: Emotion Management: some posts here
some stands of this system for anyone who wants to understand better charts I am posting (with the line colours)
Important Intraday Price Levels:
BP Balance Point
HR High Range
LR Low Range
WIBH Week Initial Balance High
DIBH Double Initial Balance High
WIBL Week Initial Balance Low
DIBL Double Initial Balance Low
PH Primary High
SH Secondary High
TRH Trading Range High
TRL Trading Range Low
SL Secondary Low
PL Primary Low
ENTRY RULES:
Longs:
PA set ups near LR, WIBL, DIBL, PL
PA set up crossing avobe BP.
Shorts:
PA set ups near HR, WIBH, DIBH, PH
PA set up crossing below BP.
So this journal is about, progress, failures, entrys, exits, money and emotion management, and systems, in my next posts I will try to talk always about those topics.
My great hope is that both the writer and the reader may benefit from time spent here. So welcome and let´s try to find some Trends in M1 Timeframe.