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.