After spending some time here at FF I decided to start a journal where I’ll be able to post and discuss my setups. It will be mainly longer term trades – from days to weeks even months. Of course sometimes I can take a day trade but that’s not my cup of tea anymore. It’s a time consuming and honestly I can’t imagine sitting in front of the computer 12-14 hours a day waiting for the right setup.
The trades are going to be based on my understanding of order flow by trying to determine where the ‘smart money’ positioned themselves and trade on the same side. Whenever they are long or short it really doesn’t matter as long as I’m on the right side.
Some may ask how I know what those guys are doing as they wouldn’t reveal their positions. Well the answer is simple – nobody knows except them. But there are clues showing when their activity and you can be sure they would not be the ones to buy at the top or sell at the bottom. Having said that those clues as only probabilities not certainties, nobody knows what’s will happen.
Now to make this journal more interesting I’ll start with a small mini account, let’s say $1,000 and try to increase it over a period of time. Of course that’s not my real account but it will be handled as its real. For the purpose of the project I'll be ignoring the swap premiums as I like it to be as simple as possible.
Let’s get the ball rolling ..........
The trades are going to be based on my understanding of order flow by trying to determine where the ‘smart money’ positioned themselves and trade on the same side. Whenever they are long or short it really doesn’t matter as long as I’m on the right side.
Some may ask how I know what those guys are doing as they wouldn’t reveal their positions. Well the answer is simple – nobody knows except them. But there are clues showing when their activity and you can be sure they would not be the ones to buy at the top or sell at the bottom. Having said that those clues as only probabilities not certainties, nobody knows what’s will happen.
Now to make this journal more interesting I’ll start with a small mini account, let’s say $1,000 and try to increase it over a period of time. Of course that’s not my real account but it will be handled as its real. For the purpose of the project I'll be ignoring the swap premiums as I like it to be as simple as possible.
Let’s get the ball rolling ..........