Hello All,
This thread is going to be my trading journal where I'll record all trades win or loose. I have to do so for myself. A workout, to keep myself honest and consistent. I'll only trade one method and one price pattern. That is it!
The way I'll follow can be found here - https://www.forexforum.co.za/cryptoc...te-indior.html
I would like to thank 60 MM because of his perspectives and sharing his way with us.
There are a number of small variations to the method. The modifiions include:
Timeframe - Daily Only
R:R - No set rr. I will follow the trades and shut according to my discretion. If I see market stalling, or potentially shing direction, I'll transfer my stops.
This is based on my expertise in the markets within last five decades. Yes, I'll make errors. Yes, I'll have loosing trades because of the, however this is something I am likely to improve on as I move along.
Pattern - Engulfing only (Close above open for extended and vice versa for short)
Market - EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD, SP500 and Gold only.
Money Management - I'll only open 2 miniature contracts each market. Why not a couple of %? I am not sure, again something which I will work on.
All the best,
PIPMobile