UPDATED Jan. 2018
******************************
The journal is divided in two parts: in the first part I've recorded my practice journey while reading charts and getting as max as screen time as possible.
Second part is the most recent live trading P/L, you can find it here: https://www.forexfactory.com/showthr...2#post10649742
*******************************
Hi,
This is where I start to journal my journey towards reading pure price action for my Binary Options trading.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Indicators:
- MTF fractal indicator M15
- MTF fractal indicator M30
- Value Chart
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TF: 5m
Expiry: 1 bar (same as entry) -> 5m
Session: 5.50-8.00 AM GMT (pre-Frankfurt/LO open)
Overall long-term goals:
- Performance: consistent +90% win rate
- Skill: intuitive reading of price movement based only off candle movement (EU pair)
This is an adapted version of a very popular binary options (BO) trading method from a very popular BO forum, created by a very popular BO trader nicknamed Hubba Hubba (you can google about it). Thanks goes to him and a few of his followers who have grasped the concepts and gracefully shared their way of trading this style which is mostly discretionary.
Naked charts analysis only. No BS talk about anything else here.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Step 1 - Paper trade at least 500 entries on Strategy Tester using a "forward testing" approach (not backtesting)
- practice daily goal #1: get more ITM's than OTM's / session
- practice daily goal #2: get +50% winrate / session
Step 2 - ... will see as I move forward...
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
******************************
The journal is divided in two parts: in the first part I've recorded my practice journey while reading charts and getting as max as screen time as possible.
Second part is the most recent live trading P/L, you can find it here: https://www.forexfactory.com/showthr...2#post10649742
*******************************
Hi,
This is where I start to journal my journey towards reading pure price action for my Binary Options trading.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Indicators:
- MTF fractal indicator M15
- MTF fractal indicator M30
- Value Chart
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TF: 5m
Expiry: 1 bar (same as entry) -> 5m
Session: 5.50-8.00 AM GMT (pre-Frankfurt/LO open)
Overall long-term goals:
- Performance: consistent +90% win rate
- Skill: intuitive reading of price movement based only off candle movement (EU pair)
This is an adapted version of a very popular binary options (BO) trading method from a very popular BO forum, created by a very popular BO trader nicknamed Hubba Hubba (you can google about it). Thanks goes to him and a few of his followers who have grasped the concepts and gracefully shared their way of trading this style which is mostly discretionary.
Naked charts analysis only. No BS talk about anything else here.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Step 1 - Paper trade at least 500 entries on Strategy Tester using a "forward testing" approach (not backtesting)
- practice daily goal #1: get more ITM's than OTM's / session
- practice daily goal #2: get +50% winrate / session
Step 2 - ... will see as I move forward...
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -