I would like to start this trading journal to try to keep me more disciplined and to share information and the opinion with other trader.
First of all I would like introduce myself. I am trading since a 3-4 years, in the past I traded a bit of everything and from different time frames especially forex but unfortunately so far unsuccessfully. In the last year I focus mainly on intraday trading stocks and futures.
I am mostly a PA trader, I read Al Brooks books and had his trading course and for this reason my style reflect the style Al Brooks teaches.
I am a part-time trader and i have another job and I work in different country and for this reason based in the time zone I am I can switch from European session to the US session and change instrument I trade.
Some main point of my strategy:
—I trade on the 5 min chart with 20 Ema and 60 min 20 Ema as indicator.
—I trade different instrument and so far I am mainly focused on CAC 40, 6E, CL, FGBL, For the European session or ES instead of CAC40 when trading in the US session.
—I will trade 1 contract no matter of the instrument I trade
—I will enter on stops above or below signal bar
The strategy will consist in mainly swing trading ad time to time scalping:
1)define the context (Trending or trading range market)
2) recognize the pattern
3) follow the rules to enter and manage the trade,
Trading market set-up (swings mainly)
-pullback, especially at the EMA
-Reversal (Wedges, Head and Shoulder, etc.)
Trading ranges (scalps)
-Buy at the bottom and selling on top
Other details will be described when I will post the trades, I will try to post all the trade the day after i trade, if I cannot post I will post the results.
I will trade a real account and I could switch to a simulated account if the drawdown will be above a certain limit.
Next week I will not trade, so I will start from 2019.
Thanks everybody and let's make the 2019 a very profitable year!!