here is AUD/CAD from yesterday evening....at the time up to +80 pips..half position is close ..sl is trailed to +40 pips
in the past i put every single detail of my trades in to a journal (excel and/or word)..i even wrote down every single tought i have about it but this were so much work every day ( i had have a lot of trades at the starting time) so i stopt it and tryed a lot of different systems ..like ma cross.. divergence..i tryed bb ..i read a lot of books about different trade styles ...but i had no patience to write everything down..
since the start of 2016 and our magical S&D strategy i write things down but into a book ( yes a real book not a notebook )
i like it to hold my notes in my very own hands and its lot more easy for me.. its my way...
i write down :
-date of trade
-entry price , SL ,TP limits
-big picture direction ( 1d trend)
-profits ( pips, and cash)
and for an easy look i mark the trades after closing in green(winner) or red (looser)
thats it .....easy , simple .....
did i miss something? or any advice ? whats your style of doing it ( i know keeping up the journal is hard ..hehe)
yes you are right if a demand zone is broken it could become supply zone ...in this case i think it become a very strong zone .
but after strong movements out of the blue without changing a supply to demand or demand to supply zone there can form a zone too...so its not necessary to break a zone to form a new one ..if this happens we have a strong zone i think ....but iam also prety new to this system as you can read at beginning of this thread...
often i ve read that it is an "art" to draw this zones accurate ..so we need time ,patience and a lot of screen work drawing this levels...some are easy to spot some are not
its a good "homework" to scroll your chart far far to the left and then slowly scroll right and draw zones you expect to see if it was right... thats a pretty good backtesting style and you will get familiar with the optical apperiance of "working" zones and "not working" zones..and you will see that it is not necessary to break zones to create new ones...
i personaly like the instruction on 21pips.com ...its K.I.S.S
the one from mr moreno is absolutly awesome but its a loooooot of information and pics and videos
at 21 pips its more the structure...the beginner stuff... to see the basic of the system, afonso morenos thread is more going to details ... but everybody has to find his own way in doing it its not like a mechanical system ( like ohh ma1 crossed ma2 lets go in) its more like finding the optimal odds for your trade...
in a nutshell a draw zones after big fast moves and when s or d is broken....
but i also think its an art you need to learn ... and one of the biggest artists in this style is Maryo (yes he considers some other parameters to but 80% of his work is from s&d levels .....my opinion
keep it piping and i hope you could understand my high end english