A few people have asked me to put up some charts to show how i trade
So i'll stick a few in here so people can come and tell me how bad i am
I'll simply post a chart if it's a buy, and update it with a little commentary every day, as well as including where i have moved the stop and things like that.
It won't be comprehensive and i won't show all my trades (don't have the time or desire to upload them all). I'll just randomly select a few charts to upload and we will go from there
Ok lets get started.
What indicators i use
I don't really look at much else. Price and volume are the main two, sometimes the stochastic will catch my eye and i'll have to take a bit of notice
I also like to look at Elliott Wave occasionally.
I firmly believe nobody can predict the market with any degree of certainty. Therefore im not really phased by how i actually enter the market, for all i care i could enter on what the taxi driver says. All i do is try and minimise my losses and let my winners run. I operate with a very low win rate so most charts i post will probably not be winners.
Ok so lets go with the charts
4th May: Volume dropping in a nice triangle. Will buy on a breakout from the top at $0.20 and place a stop loss at $0.18
4th May: Trade was initiated on this one today. Took an agressive entry due to the nature of the volume and price at the time. I'll continue to walk through this trade. Stop moved to $2.39.
I'll be adding more charts as i feel like it
And will update my commentary daily