"cstfx"My intention is to demonstrate an alternative trading method. To the mountains of automated " trading systems" Or red light green light systems. That are usually system bent . With trading activity executed on a live platform. Secondly "to post my thoughts and trades so that others can see it is possible to trade with a very simple trading method .
Being that I haven't reinvented the wheel and all studies used are available to anyone. What would be "my method" is simply a unique set if inputs. And the correlation I look for to use as entry,exit and stops,. The weight of all these are discretionary. Depending on market conditions and the influences creating the bid or offer. Also who is the most likely participants in the price action.
For lack of a better Term. Here is my decision tree
In order of weight most to least
1 Dom = Volume at a price
2 T/S = How and who creates that volume
3 Price action
These three principle are graphically displayed for me in the following ways. 3 simple charts. And Dom and T/S
The Dom and T/S requires a working knowledge. For my use not all the theory and impractical uses. Unless you are trading a very fast automated system.
The charts graphically display price action in the form of raw, ma's . And volume In order of weight most to least
Raw price action against known numbers
Volume to show interest in current trend or lack of. And as an indication of intiation, exhaustion and stall.
Ma's for possible direction
The configuration of above charts will be in my nest post