I’m going to record all my trades since this is one of the best ways to improve myself. Recording my trades helps me see what works and what doesn’t.
The way I trade is very simple. I focus on supports / resistances and what I call “candlesticks awarness”. It’s not something I’ve invented, but it’s something that rings a bell to me. And when I feel lost in my charts, I use Ichimoku to see the relevant supports / resistances zone I may miss or have a doubt.
Each of my posts will deal with only one trade, so it means that they will me modified / updated regularly.
If you have any suggestion to help me improve my trading feel free to talk to me or comment my trades.
This will be interesting! I don’t know if it’s what you do but I’ve heard of people looking at the forward-shifted “kumo” to identify potential future support and resistance. I don’t know how it works, though.
(I use recent or multiple swings low by prices to identify significant historical support and recent or multiple swings high by prices to identify significant historical resistance. Not always helpfully, of course, because “historical” and “future” aren’t always the same.)
Weekly: Under a resistance, but the “situational awarness” shows 3 previous candlesticks with a long tail meaning the buyers are there for the last 3 weeks.
It would have been safer to wait the resistance to break.
Daily : We can clearly see that there is a daily resistance right now, but the trend is bullish.
Again, it would have been safer to wait for the resistance to break.
H4 : The H4 resistance has been broken last week and the pushback happened. Question, is it a real one, or is the market gonna go back in the range. In case of doubt I remember the long term picture and I stay long seeing the Monthly chart.
Hi ! I use Ichimoku to identify supports and resistance yes. But I mainly use it when I have doubts or when I don’t see any supports or resistances.
Also I focus on what happened recently, adjusting of course to the timeframe I’m doing my analysis. That’s whay on my recen Daily chart, you can see the spoort/resistance zone begin in the middle of the chart.
TP1 reached
Stop 0 reached
EURUSD LONG
EURUSD
Note to self : My entry point was bad and I felt impatient. If I use Ichimoku, I have to combine it with the basics : supports/resistances.
