Dear All;
The aim of this thread is to share my live trades with FX professionals around the world. I've four years of FX expertise and I've been through many trading egies and egies which have failed to package my trading style. Currently, I figured out that the way that suites my style is the way that rides the market forces either selling or buying in a swing trading pattern. My style is 100 percent discretional and I rarely use indiors because I believe they are lagging and cost lots of eventual reductions. I just watch market reactions around support and resistance level. Market reactions are shown through attentively watching candlestick patterns near these amounts. I only trade using the 1hr and 4hr charts, however, market reactions on a daily chart is indiive to market instructions. I'm only focusing at the moment on three pairs EUR/USD, GBP/USD and USD/JPY, however, I believe that in the event that you have the point out of this thread, you'll be trading whatever pair you like.
My charts would display LINES and LINES only. These lines are recorded in a order of importance decrease as follows: Support and Resistance lines e.g. Trendlines - Channels Daily (1hr) and weekly (4hr) pivots Fibonacci Degrees In each transaction I will be publishing the FX. . .WHY? Concept that's the reason behind taking or leaving a transaction. If I don't logically response the FX. . .Why? Question in my mind, I don't trade. This response should explain entry point, stop loss point and trade advancement.
A trader with my style should be well oriented using candlestick pattern formations. I believe my style is quite profitable, however, I don't like attracting people using large profit pips, but you'll figure out yourself how could this be profitable for you.
Your thoughts and ideas are very valuable for me personally.