This journal will detail all my intraday trades taken together with some self analysis from time to time. It is a place for me to pictorially keep a log of my trades whilst also to gain some thoughts / ideas / constructive critiscism from T2W members.
I would describe my trading as a mixture of the following:
1. location - looking for a confluence of S/R, TL's, roundnumbers, Fibs, divergence
2. Price action - mostly at a heavy confluenced area as mentioned above.
I also use intermarket correlations such as YM, EP, US Crude Oil and Gold as additional confleunce to my FX technical setups.
I do keep an eye on fundamentals in terms of important data releases and general market sentiment and will bear this in mind at times when trading e.g. when something like the Ireland bailout happenes it's easy to look back at what happened when Greece went through the same thing and realise what this menans technically for EUR
I trade mostly off the 1H and 4HR timeframes but will occasionally take a daily or weekly setup or a 5min / 15min setup.
Lastly, I focus mainly on the USD, JPY and CHF pairs with some minor pairs (ANZD,EG, ECAD, EAUD,ACAD) if they are approaching key technical areas.
I would describe my trading as a mixture of the following:
1. location - looking for a confluence of S/R, TL's, roundnumbers, Fibs, divergence
2. Price action - mostly at a heavy confluenced area as mentioned above.
I also use intermarket correlations such as YM, EP, US Crude Oil and Gold as additional confleunce to my FX technical setups.
I do keep an eye on fundamentals in terms of important data releases and general market sentiment and will bear this in mind at times when trading e.g. when something like the Ireland bailout happenes it's easy to look back at what happened when Greece went through the same thing and realise what this menans technically for EUR
I trade mostly off the 1H and 4HR timeframes but will occasionally take a daily or weekly setup or a 5min / 15min setup.
Lastly, I focus mainly on the USD, JPY and CHF pairs with some minor pairs (ANZD,EG, ECAD, EAUD,ACAD) if they are approaching key technical areas.