Hi there,
I trade on live account since 2003 and during this more than 7 years I have tried hundreds of systems and thousands of indicators.
My curent ocupation permits me to be in front of the trading screen almost all day long. I live in Eastern Europe so I can be in office starting with 5 am GMT and until 20 pm GMT (but of course I rarely stay that much).Given the conditions I can daytrade.
Although in the beginning I traded small accounts for a while (in the range of 3000 - 5000 eur), during the last 3-4 years I was able to trade a larger account that permits me to buy and sell multiple lots. My strategy is to gradually get into a position when I consider that support or resistance is near and that the market is oversold/overbought. My account can easily accommodate a position beyond 10 lots without significant risk of having margin call or loosing a large part of the account. Of course I'm not very happy when my bets against the market go so wrong that I am forced to such exposures beyond 10 lots. Usually though my position is limited to 3-5 lots. After accumulated such a position, if/when the market turns and goes in my direction, I close most of the contracts on break even and I wait with only a few to eventually mark some profits. There are also times when I decide to take a lose on all the positions opened, in order not to risk loosing more than I can afford.
I order to identify the moments for my trades, I look at all the important events of the day (opening and closing times of the most important exchanges around the world, fixings in Europe and USA, scheduled important macroeconomic announcements and corporate earnings, options expires etc).
I corroborate this important moments of the day with important price levels like classic daily, weekly and monthly pivots, daily bollinger bands, some proprietary bands, popular long term averages, fibonacci retracements and popular S/R levels from previous price action.
I also have some proprietary indicators (nothing fancy, just small modification to classic indicators) to measure overbought and oversold state of the market on multiple time-frames. Also, I use some Jurik indicators.
This is all.
Below I will try to keep a trading journal (the first one that I make public).
I trade on live account since 2003 and during this more than 7 years I have tried hundreds of systems and thousands of indicators.
My curent ocupation permits me to be in front of the trading screen almost all day long. I live in Eastern Europe so I can be in office starting with 5 am GMT and until 20 pm GMT (but of course I rarely stay that much).Given the conditions I can daytrade.
Although in the beginning I traded small accounts for a while (in the range of 3000 - 5000 eur), during the last 3-4 years I was able to trade a larger account that permits me to buy and sell multiple lots. My strategy is to gradually get into a position when I consider that support or resistance is near and that the market is oversold/overbought. My account can easily accommodate a position beyond 10 lots without significant risk of having margin call or loosing a large part of the account. Of course I'm not very happy when my bets against the market go so wrong that I am forced to such exposures beyond 10 lots. Usually though my position is limited to 3-5 lots. After accumulated such a position, if/when the market turns and goes in my direction, I close most of the contracts on break even and I wait with only a few to eventually mark some profits. There are also times when I decide to take a lose on all the positions opened, in order not to risk loosing more than I can afford.
I order to identify the moments for my trades, I look at all the important events of the day (opening and closing times of the most important exchanges around the world, fixings in Europe and USA, scheduled important macroeconomic announcements and corporate earnings, options expires etc).
I corroborate this important moments of the day with important price levels like classic daily, weekly and monthly pivots, daily bollinger bands, some proprietary bands, popular long term averages, fibonacci retracements and popular S/R levels from previous price action.
I also have some proprietary indicators (nothing fancy, just small modification to classic indicators) to measure overbought and oversold state of the market on multiple time-frames. Also, I use some Jurik indicators.
This is all.
Below I will try to keep a trading journal (the first one that I make public).