Thread: Trade with basic concepts

I have been trading for 4.5 decades. Here I begin my trading journal, and I will try to post every transaction I take.
Some fundamental concepts:
Trend:
Trend is permutation and combination of main and corrective waves.
There are just four corrective waves: Simple, ABC, Triangle, 12345.
Setting of the chart:
8 EMA
21 EMA
34 EMA
89 SMA
200 SMA
ZigZag(6,5,3)
MACD H4-300(5,13,1)
myMACD(12,26,9)
I have see the chart with these indiors for Many years, when I shot All of the indiors off the chart, it looks strange to me.
M15 chart: 34 EMA(shut ), 34 EMA(shut ), 34 EMA(shut ), and Zigzag (5, 6, 3).
How to trade:
determine fad on H4 or H1 Timeframe and wait patiently corrective tide comes to end.
And take M15 break out at the direction of main waves.
If price goes to Fibo 261.8% level I will close 50% of the position and let another 50% run. I shall close the transaction according to the price movement. Profits with RR ration gt; 1:1 is okay.
I trade EURUSD, GBPUSD, AUDUSD, XAUUSD, USDCAD and EURJPY.
Risk 1 percent of my balance for one transaction.

Sep: -2.63%
Oct: -2.37%

Dhalsim

Originally Posted by ;

Market EURUSD 1.3770 SL 1.3806

TP in 1.3692

buy USDCAD 1.0191 SL 1.01677 TP 1.0262
buy retracement.

Sell usdcad 1.01873 SL 1.021 TP 1.01527

Just an example.

All of the best with your journal. I will be after it.

buy GBPUSD 1.5408 Stoploss 1.5386

Originally Posted by ;

buy GBPUSD 1.5408 Stoploss 1.5386

I like this transaction I see large upside potential connected you at 1.5418

Market AUDUSD 0.9084 Stoploss 0.9119

Xeneric and infusion

thank you, lets make pips together.