Slow and steady
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Thread: Slow and steady

  1. #1
    Hi there,

    I would like to post a few trade thoughts. . .upcoming. . .execution. . .and outcome.

    This will be contingent upon a slow and steady egy. I'll use quite conservative money management, longer duration charts (4 hours mainly), and awaiting setups based mainly on fibs and support/resistance.

    Would love to get you input.

    Much of the trading is going to be sort of common sense, together with attempts at staving off the plogical side of things - hopefully with your help!

    I'll use just about any currency pair, there'll be stops and limitations put in. Trades will be dependent upon an anticipated move occuring and just opening the trade once that transfer is confirmed (as far as anything could be confirmed in forex ! :--RRB- ).

    Let's see how we proceed. Details and explanations will appear on the charts as I post them...

  2. #2
    OK, here is the very first chart....

    I will attempt to use default colors -

    blue line = open
    crimson line = cease
    green line = limit

    I will do a couple of trades first, then proceed to lot size, money management etc..

    MAs are 50, 100 SMA and 62 EMA - sometimes adds weight to decisions
    Image quite fuzzy. Please provide suggestions to improve this. It was quite clear but I needed to decrease size to upload. What would let it decreases without losing ? Thanks

  3. #3
    Some background.

    I've Been around the mill a bit. Tried automated stuff, fancy indiors, very brief time frames etc.. A lot of this might work, but I could never be consistent or unemotional. I find smaller timeframes' sound knocked me time and again. . .hence the hour time period. Given up on doubling my account each month! Not much left to double ;--RRB-

    10 percent is what I aim for (per month), risking no more than 2 percent each trade. If a month does not make 10 percent or makes a reduction, so be it. Strategy does not change.

  4. #4
    Hi Mosaic,

    Thanks for picking FX factory. For the first.... hehe. .
    Seems like a salesman. .

    Anyhow, welcome to FF.

    Just one suggestion though. Do you mind moving to the Journal Factory:
    https://www.forexforum.co.za/cryptoc...operation.html

    It's a dedied part here inforexforum.co.zato keep trade anything or logs.

    Should you agree, we'll be happy to perform the move for you.

    Best of wishes and happy trading,
    East

  5. #5

  6. #6
    Quote Originally Posted by ;
    Image quite blurry. Please give hints to improve this. I needed to reduce size although it was clear. What would let me reduce it without losing clarity ? Thanks
    You can attempt to upload your images on a file server like imageshack.
    Just do be sure that it does not clutter the webpage too much.
    Perhaps just enough to fit the page.

    Hope this helps.

    East

  7. #7

  8. #8
    EUR/AUD searching for one more bounce down from this resistance level - are the 4th.

    Note : I shall go short only if it rolls and reveals downward momentum, not only once it touches the line...

  9. #9
    Here is the gbp/jpy also bouncing wonderfully off the 211 degree

  10. #10
    USDCAD. At my missing this, irritated. Earlier today marked out it. . .put in the rectangle. Bounced off the fib and then rettested the support that became resistance and subsequently dropped.

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