Thanks mate, however i am not here to post trades anymore. I am not claiming i am a great trader - i am simply here to make money like the rest of you.
As for sharing methodology - well i can give you the gist of what i do but without a real understanding of price action and the tape it will be meaningless.
I feel i have a good edge with my current system - i like to back-test all my discretionary systems to ensure i have confidence when placing real time trades.
I also play position trades in a side swing account which involves much larger stops.
I have 3 day trading plays which i use on a consistent basis:
- i play range expansions
- price actions scalps
My main play however is simply following where the trend is going. The easiest way to describe this is to think in terms of ABC wave - i simply try to catch BC portion of a wave.
My entries are primarily based on price action and then the tape, then volume. Each of which i have spend many many 100s of hours sorting through past data to make sense of what price is telling me.
I average roughly 3-4 trades per day if that. Again this is my simple system but in my eyes is very complex as it is based on certain rules and understanding of overall picture.
Again to reiterate i am not a big trader, i usually trade 8-10 lots - for real advice i think we should be looking towards the big boys like Spectre and Wave.
