Perfectly planned trade :)

[xeenosTrading]

I thought about this... Although Poopy - you have negative energy - you actually have given me a solid idea - I'll record the trades in realtime using the same software I use to create the recap video. Then it will be pretty easy to show. I appreciate the compliment tho about my planning being of the level that will cause others to believe it's too good to be true. Thank you for the feedback!!!! Sending you positive energy!

 

[philip8vr]

Today I got in $INTC and followed my plan exactly. Since I've only started sharing my trades I would love some feedback on what you think. I also use Heiken ashi candles - do any of you guys and gals use them?
I attached a screenshot of the trade idea and execution annotations. I also added a screenshot of another trade... just so you all can see my trading style.

xeenosTrading, and I thought that only I use this great trading strategy. Few months ago, when I first found an article about heiken ashi forex strategy and how it works, I didn't realize how it differs from other strategy, and what exact options it has had. Few days later, a friend of mine showed me plenty of features which it can provide, and for nowadays I use it as often as possible.

 

[ironchef]

So excited to get a reply!!!! I love trading its the most rewarding job ever! To answer your question: Yes I am an intraday trader but I place a lot of emphasis on the daily chart. Even for swing trades - I believe in using the daily chart to find the setup, then the intraday chart to find the precision entry.

I trade mostly intraday so I don't have overnight risk on most of my income trades (I do have long term investments but I manage those positions in a VERY different strategy).

Years ago - early in my career, I took a 6 month period in which I traded with candled only (zero indicators). After that, I added just those indicators that give me a slight relative point of reference (for example - being a little far off the 9 exponential moving avg gave me some caution in the $INTC trade today). Essentially I use:
Heiken Ashi, 9EMA, VWAP, and an auto adjusting smoothed moving avg (I wrote an algo that drives this). The purpose of the algo moving avg is that it remains mostly flat during consolidation with little to no false curls.

Thank you so much for the engagement - excited to finally get out of my quiet trading zone and actually engage with others in my profession!!!!
I attached another trade screenshot from April 2nd (SPY). Check it out!

What is VWAP and what is auto adjusting smoothed moving avg?

Thanks.

 

[Esha.J]

A trading plan is a systematic method for identifying and trading securities that takes into consideration a number of variables including time, risk and the investor's objectives. A trading plan is a researched and written document that guides a trader's decisions.