Welcome.
I have been considering starting a journal here for a little while today, so I'm finally going through with it since I keep putting it off.
About Me
My name is Tom and I'm from Toronto. I enjoy long walks on the beach and.... Oops.
I have been trading the Forex market for a couple of years but more seriously for about a year and a half. Before, I traded options and stocks on off for about a year. Do not let my nickname () fool you, it's more of a wishful thinking kind of thing.
How I trade
Some of you will know me by the James16 thread. That's where I hang out. I think that the instruction I received from the thread (in addition to the Personal Forum) was invaluable for my trading success. Many great people have helped me a lot in there.
I trade using Price Action. I don't use any indiors. I try to keep my charts as empty as possible. The things that I use are trendlines, support/resistance (aka PPZs), and fibs on occasion. I love to trade with the trend but will sometimes trade against it. I avert markets unless something really great comes up. I consider myself fairly conservative (when it comes to trading).
I love Pin pubs and also trade assorted kinds of breakouts (along with some other miscellaneous stuff). For exits I usually use trailing stops (not the generic kind) and sometimes price targets. Discretion is used for several entries/exits.
The timeframes I look at are Monthly, Weekly, Daily, and 4 hour. I trade all pairs, two% risk per transaction. (I will obviously go into detail about most of my approaches as this thread grows )
In This Journal
In this diary I will post charts of transactions I take (or desire I took), setups I'm looking at along with other articles with just my ideas/views.
Since I do work with a 9-5 (coupled with the fact that I'm a little idle ) most of these charts from transactions I have entered won't be posted straight away.
I strongly welcome and encourage involvement from all members. I'm always open to other opinions/ideas and feedback (or questions), so feel free to post.
OK, now we have all that out of the way we could get started with some charts.
Everyone on board? Good. Great! Grand! Wonderful!
NO YELLING IN THE THREAD!!
(for some, that joke will make zero sense)