A Journey by Price
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Thread: A Journey by Price

  1. #1
    Hello everyone. My name is Michael. I am a currency trader who has been in it for a while, but always a lot more to learn. I exchange PoundYen.

    I am beginning this journal for myself and for some local friends I have met here in my city - Portland, Oregon. West Coast USA, the most peculiar timezone on the planet for trading FX!!

    The egy is pretty basic. Find the fad du jour, and look for a 100 pip prospect. That may be from a daily pivot point to a noticeable support or resistance level, or it might be to a strong moving average on state a 15 minute, or 1 hour chart. I'll attempt to include bits and pieces of my plan along the way, but this specific thread is mostly for my reference, so I'll attempt to expect the typical questions. I ran another thread a while backgt;gt;gt;gt; https://www.nigeriaforextrading.com/...2-pattern.html Feel free to check it out if you are interested.
    I am mostly hoping to expand on such a plan. Those charts haven't changed. However, I have added several MT4 charts to my thinking and stochastics have become important to me today. When I am right, I could often times get great entries, but my early leaves usually suck. My trades are live (mini's). I exchange with Oanda, the MT4 charts I just run a demo for.

    That is all for today, I'll attempt to include more in the days / weeks beforehand, forgive me for not being very valuable to you just yet. I am working on it.

  2. #2
    This is still the view I prefer. When it comes down to it (entering), after all the careful analysis has been completed, this is where the button clicks the mouse!

  3. #3
    Here's a peek at some MT4 charts that I use. Now I grabbed a brief entrance and picked up roughly 33 rapid pips.
    I was not convinced that it had been ready to generate a big move lower just today, and I had a few pips to begin the week!
    Only before 3am EST I shorted at 207.35 / .38 / .41
    Exits were 15 minutes afterwards at just above 207.00. So I scalped it.
    The entries were just fine. It is the exits I need to work on!
    It went 20 pips farther, but nothing dramatic. It is all in a days work.

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