Trading Journal by Reg See
So as per our flow chart, before we trade we check what are the scores?
During this time we are getting a -5 in H1. So remember before it will reflect to H4 and daily scoring, it will reflect first in H1.
Ano ba ibig sabihin ng -5 na score para satin?
-5 score means , yong limang correlated pairs ng GBP pairs are all weak. Or in technical terms majority ng players regardless kung big banks man yan hedge funds, institutions, corps or retail traders. majority of them are shorting GBP now. Did we spend a lot of time searching and predicting what will be the statusof GBP? No.
if majority of them are shorting GBP, Sino tayo para kontrahin yan?ð remember merong almost 7 trillion$ liquidity sa forex araw araw, anong magagawa ng 1000$ account natin para baligtarin ang sentiment ng market?ð So if majority of them are shorting GBP, tayo as retail traders dapat susunod lang sa “flow ng money”.
So from top down analysis yong trend na nakikita natin sa H1 is just a range play ng Higher TF.
So first alam na natin na weak si GBP thru scoring na -5. we want to sell pero hihingi tau ng discount or pullback.
Using our autoplot ng support and resistance “Wag indicators” alam n agad natin kung saang pullback tayo maglalagay ng limit order. Yes limit order hindi mo kailangan bantayan ang trades mo. Ang goal ng system natin is to have a financial and time freedom. whats the point of financial freedom kung 90% of the time nakatutok ka sa computer?ð
So our rules are simple.
1. Bias – thru scoring
2. entry- pullback
3. Risk management and money management
4. Trading management (Advance)
Trading is simple but its not easy. You need to spend a lot of time to practice hanggang sa maging natural ang routine sayo.
Godbless and more pips to everyone.