I been trading for 2 years and I had a bad first year. I was a rely on indicators kinda guy at first and my poor account was getting smashed I also had poor money management. Well I learned more as the time went by and I took up pure price action and using support and resistance with candlestick conformation to make my trading decisions. I am doing really good and now I learned Harmonic Ratio pattern trading and applied that with my pure price action trading system. So now Im doing even better and waiting to have enough money so I can make this a full time job. Im averaging 150 to 200 pips weekly my quota is 100 pips. So im here to share trading ideas and meet some potential partners because im only doing this part time for now and its a fast moving market. Here is one of my charts. DATE: 2/01/2014 4HR chart of the CAD CHF I shorting this because we are showing a evening star candle pattern right on a strong resistance level and is at a main Fibonacci Extension level. This trend been down for awhile and this would be going with the trend.
Awesome! Thanks for being a part of our forex forum community! Keep it up and see you around!
Ace, if i may ask, have you applied a different chart template than what FXCM provides? you candles seem cylindrical as opposed to the default. thanks.