Guitarblokes quest for consistent profit
Hello friends,
Hope all are okay on the market. I'm still trading, and trying to decode the code. Well, crack my emotional direction code, yeah, that is it! lol.
I'm trying a combination of egies I have heard through the years, mainly guided by candlesticks and tendencies on the D1 (and W1 M charts), but have seen value in trading H4 and H1 too. I will be posting mainly live charts as they happen. Nods and thanks to J16, Steve Bigalow, and many other great traders on the market. Great to be back in FF. It's a great joint. Hope I can contribute something useful here.
Basic egy: Trade D1 charts. Checkcliqforexeconomic news calender for significant events like interest rate statements on currencies I'm trading. Await price to touch or get very near 8 ema and close either side. Trade away from 8 ema using fad. Await PA - Engulfing bars, PB's, IB breakouts. Buy low, Sell highquality. RR. Min 1:1. SL - Dynamic,or above/below PA I'm trading, BRN, SR, EMA. Entry - Flexible. Normally limit order at BRN or SR, ema degree. Exit - Flexible. Normally at next high/low/SR/BRN degree.
My approach will probably change and alter as I go along, but I'm taking my cue from the daily chart, using the 8 ema, trend, PA, S/R, BRN's as confluence. I'm currently flirting with bollinger bands and 200 ema too. I have traded nude charts using PA only previously, and I will go back to this, but for now I'm finding some MA references useful. There'll be plenty of experimentation, stumbling and mistakes and that is fine.
DISCLAIMER: I am a novice trader. I'm just a guitarist. I don't know a lot about the market and trading, so don't follow my transactions as you will lose money. This journal is for me, not trading suggestions. Anyhow, good trading and let's get right into it.
