First, a little about my routine and how I trade at the moment.
I am currently living in Rio de Janeiro, Brazil. I trade in the mornings here, which has usually been around 7 AM, but lately has shifted to around 9 or so. Brazil is currently 3 hours ahead of the east coast in the US, so when I am up and ready to trade, it's still well before the market open in the US. For me, this translates into some really slow action , and a little bit more time required in front of my computer. Ideally, I like to be done trading for the day 60 to 90 minutes after the market open, but since I trade before the open I usually end up trading for more hours than I'd like. I will see what I can do about that.
First, I never begin trading without a fresh pot of coffee. Here in Brazil my coffee of choice is Pilão, the brand otherwise known as "O cafe forte do Brasil", or "The strong coffee of Brazil". I broke my coffee pot and so now I brew it on the gas stove in a saucepan using a technique I've developed to yield the best coffee I've ever had! But I digress....
Second, I am a very simple trader.
I use one chart and one monitor (NinjaTrader 7/ a 610 Tick Chart (with High,Low,Close for each bar), and a 13" monitor)
I use three indicators (Channel Bands, Bollinger Bands, and a Moving Average)
I look for three trade setups.
Third, I want to become a master of the simple way that I trade before moving on to introduce any additional trade setups or indicators. My trading preference is to focus on and watch price action.
I will post my trades here for the days that I trade, and include screenshots, and other statistics that seem relevant. Feel free to ask me any questions about how I trade and I will be happy to answer as best I can.
My notes for the day are that I might need to be more aggressive in my trades. I let two opportunities pass me by due to some consolidation before the price reached the midband. I think I was right to exercise caution, but I also don't want to be so conservative that I miss good opportunities.
Overall I am happy with my trading day. Thanks everyone!
**edit: I realized on my chart that I indicated a long position on my trade when it was in fact a short position. Sorry about that
Last edited by newberrysummer; November 30th, 2015 at 09:37 PM.
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