After some consideration, finally i decided to start my own journal to record my journey in this highly unforgiving territory. Some basic info:
1. I have no particular or favourite pair to trade, trading any pair that I can see the set up.
2. Always buy on dip or sell on high. "Dip" or "High" refer to fibo retracemet level of at least 50%
3. Entry is determined by few factors such as fibo level, breaking of trendline, a couple of MAs, candlestick formation etc.
4. Account balance/equity is only USD 215. Since my broker only allowed me to trade minimum 1 pip = 1 USD, I need to be very careful.
5. This week I'm looking to sell major pair only after it retraces to my fibo level. i.e selling on high.
6. Wish me luck. I really2 need that.
7. Sample of the chart:
1. I have no particular or favourite pair to trade, trading any pair that I can see the set up.
2. Always buy on dip or sell on high. "Dip" or "High" refer to fibo retracemet level of at least 50%
3. Entry is determined by few factors such as fibo level, breaking of trendline, a couple of MAs, candlestick formation etc.
4. Account balance/equity is only USD 215. Since my broker only allowed me to trade minimum 1 pip = 1 USD, I need to be very careful.
5. This week I'm looking to sell major pair only after it retraces to my fibo level. i.e selling on high.
6. Wish me luck. I really2 need that.
7. Sample of the chart:
Great Bodies are Engineered not Born