Boy I made it bad, I just can not leave it alone. . .hour later hour after hour looking at charts and threads. I go to work and consider it all day, as soon as I get home I check the charts, the worst is when friday shut comes and im counting the hours until sunday evening available....what is happening. . !
At this moment in time ive been consistent with demo account and it has certainly been beneficial but it just lacked something so 3 months ago I opened a little account and what a completely different world, now I get the anxiety and uncertainty which includes using your own money and my real learning started.
The purpose of this jounal would be to attempt to draw some structure to my own trading to slow it down and stop over trading and also to keep a note of those little things that I find and appear to function for me.
6 Structure (s) This is what works for me so far just overall breakout patterns, I dont know the title of it I enjoy this pattern or minor variations of it.
It seems everywhere and on all time frames generally the higher time frame the bigger the move, I look to return in a trade if it retests the break or if it pulls back and price action tells me shes good to return.
Now you have to be fast on the minute though I tend to become between 10-30 pip since it can return fast and shape as a trap bar on greater time frames. I do like these due to stops can be tight but requotes can be a problem, but this shows that these can appear in many places.
hmmmm....im not good with numbers but finding it hard trying to generate a little account grow on the daily whilst hoping looseing trades that run away will strike my levels and flip predictably ends in dissaster....so I reverted to my constant M5.
I understand my setups and little risk with great profit yield,, add to that a degree of patience and management and who knows one day I might have the ability to give up the day job and concentrate on my enthusiasm for trading....but I have said that before
Wondering if anyone can let me understand reasons for chart differences as is the same chart with same price as much as I could tell yet my trend line drops in different loions when using a line chart. . .not with a little but drastically!!
Brokers charts are Interbank along with Alpari....