Learn Forex With MAPA Forex - My Journal

Hi guys, please let me introduce myself.

I am here to share my technique and daily chart (whenever I have time). I am hoping for positive feedback from senior members or whoever want to help me improve my trading skills :smiley:
[B]
So what I use in trading?
[/B]

  1. I use 4 charts, M15, H1, H1, and H4. I don’t use any other chart.

Wait, why H1 and H1? I use two different templates. [B]First one is using:[/B]

EMA 10
EMA 50
SMA 35

this is my main template. Moving Average - Price Action :smiley:

[B]the second chart is using:[/B]

heiken ashi
TDI (I dont buy dean malone guide, dont get me wrong guys. I just downloaded the indicator file from FF. If you want the indicator for free, I will post it here)
stohastics 5,3,3

I mainly use the second chart to look at trend setup as well as confirmation. I trade based on price action but my main method always involve moving averages. Previously i used bollinger bands but I notice it’s not necessary and only confuse my eyes. But if you are a newbie trying to learn how to trade, bollinger bands usually help hehe

Btw, I won’t promise I will update this thread everyday because I might be busy or other things. While I trade almost every day but updating forum post needs more discipline than trading itself lol

so let’s just get down to business shall we…

today i took about 50 pips from just EU.

Reason I bought it before LO?

At frankfurt open price broke the bottom of asian session and pullback. Look at M15 chart, it was very clear. I should have waited until LO to enter the trade but I took the risk. Easy trade today, very easy one.

*I am currently running short on EU after double pin bar at top. Will close it soon after I enter “submit reply” LOL


as you can see above, when I was printscreening the chart, you can see the order ID with text “sell”. yep i was selling and now have closed it at 18 pips (1.2986). Very easy trade today really. I hope everyday is like today :smiley:

and if you want to know why TP was 50 pips and 18 pips?

here’s the answer:

when price breaks out of asian session and reverse quickly just before LO, 80-90% it will go in one direction in London session. I usually set my TP at 50 pips and SL at either S/R or the bottom/top of the breakout in frankfurt session.

Of course i can manually exit when I see another PA forming but apparently it only formed a nice pin bar after price hit my TP.

and why 18 pips after the 2nd pin bar? and why not at the first pin bar?

because i wasnt convinced. the first pin bar formed before NY Open. Time matters for me so I waited and it paid off.

I entered at the 2nd pin bar and as usual I only put 20 pips TP (minus 2 pips spread) from a simple pin bar after a trend (I dont trade in every pin bar. Just a strong one and AFTER it formed a trend before. Also if the pin bar formed during london early hours, most likely my TP will be 50 pips and not 20)

That’s it for today folks. Comments? :smiley:

and if you are curious about where I get my trading techniques, yes mostly I learn from FF. Many great senior members there :wink:

but i hope here i can learn from others and inspire others too.

Of course not every day can be profitable. Last monday for example, I was at -16 pips.

hope everyday is very easy like today LOL

btw the above screenshot was taken about 1 hour ago when price was still 1.3003

and anyone knows how to make the screenshot appear bigger here or should I just upload to tinypic? Maybe i will do that next time @_@

I didnt post here yesterday (also in my blog) because I was out in cafe for half day with friends. I did trade using my laptop there but totally forgot to update my post here.

So yesterday i made 2 trades. Was fooled out by the frankfurt breakout. I went short but it bounced back so I closed the transaction. I went short again after it didn’t break resistance 1.2983 (fibonacci also confirmed this).

My chart for yesterday:

http://i46.tinypic.com/353b82f.png

today: price failed to break support but this is still far from london open. anything can happen