Ok let me fire up a journal from tomorrow and start the "training"...... Let me start on the 3 raw LR,s and comment as I go......I will have half an eye on my strengthmeter s but this journal will be 99% price action based to hopefully see people how it grows from the basics .......let me know if you want me adding anything else
I,ll,use fx. Pro. demo as I'm trialling it anyway......should be a little funky tomorrow as I change hats a little to mainstream charts:smart:
Always plenty to learn in forex and I am always promising myself to,spend more time on the real,pair charts instead of indexes to improve my scalping further......always the student
N
Hi N
I am amazed T2W is allowing your "ignore the dissers" thread to remain in the reception first steps area . Tim want members to make their own minds up etc etc which I look upon now as yet another nail in the coffins of my alternative fans
With regards to your new trading journal - starting off similar to Sun - use either 3 or 4 LRs on a I min chart and concentrate for a start on timing your entries to perfection
With you already being a scalper - all I hope it will do is just assist you to gain an extra 1 to 4 pips on your normal method - ie using the fastest 2 Lrs at say settings of 8 or 9 and 12 or 13 along with a third LR - anything from 27 to 40 to help you keep you in moves.
You know the time windows and the 6 main KT's give a minute either way - now its just lining up the clues for turns etc etc
After you have done a few hundred we will do some filtering and then look more at Price structure for each session.
My Lits areas and price structure bias come from the longer 3 lrs in the total 9 or so settings normally used
Once you have a session bias you should find scalps in that direction will be larger gains than scalps against the session bias
I will give more of an example on that EU chart in the devil in the detail journal - i have broken that pair down into 6 period of the full day on Friday and will explain bias in each one in the other thread
I know you will print your results and your charts when you have the set up correct - let me check how it looks etc - and then this is stage 1 for you
It will not take you a month or so to get to stage 2 or 3 - simply because you already understand my concept etc etc - its just fine tuning it into real life trading etc etc
Any question please just fire away
Regards
F