Hello all,
I began trading (mainly FX) in 2009, I had now decided to begin trading for a living.
Here some short description of how I trade:
I began trading (mainly FX) in 2009, I had now decided to begin trading for a living.
Here some short description of how I trade:
- I use only price action in order to get into a trade, I use NO indicators at all, indicators are a bunch of junk.
- I look for price patterns as such: (for more details, please read j16 stuff on the commercial content forum)
- PB
- BEOB
- BUOB
- IB
- With some trades, I tend to take action on a pullback to flip of support and resistance areas (aka: PPZ), this method of trading also known as "touch trading", it's a more risk type of trade with no price confirmation
- I trade irregular TF using price aggregator script, I aggregate bars mainly on the 1H chart but will also do so on a 15m chart if I spot a good location, you can find that script in here
- I tent to move SL very quickly to a place where price should test and confirm a specific level, there is no need IMO to stick and leave your SL on its initial spot, thus, I rarely take a full bar lose.
That's all for now, hope to post some trades in the near future.