A base to trade from

forexframework said:

Hey guys long time trader here who got started in forex 7 years ago.

I have learnt a lot since with both the free education this website provides and by trawling through the internet finding some excellent courses as well as some shockers spending a fair bit of money along the way. I have been profitable for 3 years now but I am still improving and building my knowledge along the way.

I have developed an understanding of forex that is unique and logic based. I do not have a set strategy but instead take trades on an informed analysis of the current market state across EUR, CAD, GBP, USD, NZD,CHF,JPY,AUD.

I would like to share with you my framework for trading which is by no means set in stone. I am open to suggestions to improve my strategy, and hopefully you can use my ideas as a means of improving your own strategies as you see fit.

The best way to do this will be to post trades and explain my reasoning along the way.

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counter_violent said:

Will these set ups be posted in advance on a live account and backed up by statements or are you going down the hindsight trading route?

I only ask because we are full on the forums of hindsight traders at the moment (some of them are experts too) so there may be some stiff competition.

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forexframework said:

I am hoping to improve my own trading by discussing ideas I have in advance of my trades.

Ok well discussion is fair enough...we all do that and I'm sure for every member on these boards you will find a different opinion

I will make calls on trades and then see if they fit with other traders own strategies ideas. If we have a consensus on the pair we are discussing well then geat

This is not such a good idea as crowds in terms of the markets are usually wrong. The proof for this is that only say the top 5%, maybe less, are actually making money trading and all of the losers are paying commissions and costs with the remaining money exchanges swelling the accounts of the top 5%.

Eg. I trade based on price action. If my ideas are shared with a fundamentals expert well then maybe I could make a better decision on the trade or vice versa.

Click to expand...

forexframework said:

Hey guys long time trader here who got started in forex 7 years ago.

I have learnt a lot since with both the free education this website provides and by trawling through the internet finding some excellent courses as well as some shockers spending a fair bit of money along the way. I have been profitable for 3 years now but I am still improving and building my knowledge along the way.

I have developed an understanding of forex that is unique and logic based. I do not have a set strategy but instead take trades on an informed analysis of the current market state across EUR, CAD, GBP, USD, NZD,CHF,JPY,AUD.

I would like to share with you my framework for trading which is by no means set in stone. I am open to suggestions to improve my strategy, and hopefully you can use my ideas as a means of improving your own strategies as you see fit.

The best way to do this will be to post trades and explain my reasoning along the way.

Click to expand...