Putting these charts in for my mention first of all. I find that if I make the attempt to post it compels me to think the situations through more completely, but dont want to hijack someone elses thread with my ramblings.
Putting these charts in for my mention first of all. I find that if I make the attempt to post it compels me to think the situations through more completely, but dont want to hijack someone elses thread with my ramblings.
Zoopy, your thread motivated me to start this one. Attempting to concentrate mainly on price action but influenced by Jacko, Ozfx, James 16 amongst others. Have read (with a wholesome reserve of scepticism) Marc Rivalland, Elder, some stage and figure material, and Nison.
Long long way from knowing what I am doing and I am quite guilty of shing from system to system. Part of the motive for beginning this thread is to encourage me to come across the ideal method for me to exchange.
I have not committed any actual money to it yet and dont plan to till I feel a lot more confident.
You are very right zoopy, so I'll start to think through my transactions on this thread. One of my biggest problems nevertheless is finding the time to do all this as well as functioning, fathering, husbanding and socialising.
I pop into your own thread frequently, and loe the forum a fantastic source for this'hobby'.
I am glad you inspired it. I believe every trader should maintain a journal of some sort whether it be online or in a small laptop. When I started mine I discovered I started to think more carefully about what it was I was performing, particularly the plogical part. I am confident you'll find your way fast. If you post things which don't work you are more likely to remember it because you've documented proof.Originally Posted by ;
What would be interesting since you mentioned that the aforementioned systems/styles is the advantages and disadvantages of each.
Looking at weekly resistance at 1.542ish. Daily at 1.539 Potential divergance on daily. Regardless of what we're saying I still am feeling bullish.
Weekly chart indies that we have met resistance, as does daily. If we go through it then we can hit the prior resistance of 1.59.
If we go down then I would not be surprised to see it back down to 1.54.
Weekly candles reveal us in the base of a range. Bullish. Broke out to the upside on range. Might be the exact same. Weekly line shows a fashion line bouncing off. Bullish Daily line shows us bouncing off resistance line. Would prefer to return to line a little before buying.
Hey Yamin
Excellent to see you've started your own journal. I believe it's a good idea before you put trades, to look into your thought process. Like you mentioned, it forces one to think things through more carefully and this I believe is the best way to find out.
What might be useful as well would be to present your reasoning behind every trade and perhaps mention how you are trading (method/system/style etc).
Good luck with your trades!