Soseki's journal
- Thread starter soseki
- Start date
Ok then, will continue to post trades as they come.
I'm not using any special software, you can say it's just eyeballing. Would be glad if there was some way to measure the entries more properly... But unfortunately I can't see how it can be done better for now. I use NT.
Have small line charts of currency pairs placed near each together. If you can see some pair is apparently higher than it's opponent on 10 min timeframe, look through higher tf, up to few hours. If it's higher on all timeframes, it's a signal to make an entry. Sell the higher pair and buy a lower one.
Then it depends on how the trade goes out. If it quickly returns to normal position, I take small profit (usually in a few hours). If the difference between them widens, I will buy/sell more and switch to a higher tf. Then the trade could take few days, but I won't stay in a position more than a week.
I'm not using any special software, you can say it's just eyeballing. Would be glad if there was some way to measure the entries more properly... But unfortunately I can't see how it can be done better for now. I use NT.
Have small line charts of currency pairs placed near each together. If you can see some pair is apparently higher than it's opponent on 10 min timeframe, look through higher tf, up to few hours. If it's higher on all timeframes, it's a signal to make an entry. Sell the higher pair and buy a lower one.
Then it depends on how the trade goes out. If it quickly returns to normal position, I take small profit (usually in a few hours). If the difference between them widens, I will buy/sell more and switch to a higher tf. Then the trade could take few days, but I won't stay in a position more than a week.
