ArmSec Trading Journal
Results 1 to 3 of 33

Thread: ArmSec Trading Journal

  1. #1
    Hello,

    I'm starting my trading diary for a little account I have recently started. I'm a profitable trader since you may see but I find I do much better when I instruct. My comprehension is solidified by it. That's why I am here. I shall explain my egy .

    Pairs:
    EUR/USD
    GBP/USD
    USD/JPY
    USD/CAD
    NZD/USD (sometimes)
    USD/CHF
    AUD/USD

    Time frame: Daily but seldom hold over 3 times. Often take profit is executed overnight after I execute trade.

    Indiors:
    Mainly use only candlesticks, fibo, S/R, and sometimes moving averages.

  2. #2
    Okay this is egy. I will explain like everyone knows not much about the concepts, in the event that you already know, feel totally moving on. Also I explain the way I see them learned, do not care if like or not.

    First you need to understand support and resistance.



    Support is a level at where price frequently goes down to, but bulls see that as a oversold and begin to buy, compelling price up. As you can see in picture above price (at 2x) goes up in this level.

    Resistance is a level at where price frequently goes around, but bears see this as overvalue and begin to sell, pushes price down. Price much reach this level and go down at least two times to be legitimate.

    Remember that these levels aren't always flat, as reveals picture above. Occasionally they diagonal:



    Many people call these trendlines. When price make greater highs you have upward trendline S/R levels. When price make lower highs you have downward trendline S/R levels.

  3. #3
    I'm in favour of using daily tf trading,im eager to find out what your egy is,I also utilize fibo,SNR and moving averages.Good chance!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.