Hello everyone. This is my private journal about my trades and more importantly my ideas on the markets. I am a new and inexperienced trader. And that forum has been a fantastic source of information and thoughts for me. I have a tendency to become a forum lurker and trading can be lonely, so I expect to garner some feedback on my thoughts and trading.
Trading: Intraday Swing Trader, I am quite comfortable with trading retracements or some people will call it pullback. I search for well-defined swing highs and lows for a commerce set up to take place.
Indiors: 20 EMA
34 WMA
50 SMA
CCI (20 interval )
Fibonacci
Timeframe 5min Candlesticks Chart and 30min for overview of market
This are the indiors I am mainly familiar term. I am a discretionary trader, also I base my trading choice on price action and the intermarket behaviour of the currencies I trade. I focus on USD/JPY, EUR/JPY, EUR/USD and GBP/USD.
Stage: I will be trading from London opening to about London closing time. This are the most active period in the markets and so that the ideal time to trade.
I hope by writing this journal I can help myself in assessing my trading decision and process.