OztradeForex trader's profile

I am a REAL professional technical analysis trader, consistency means discipline in your trading. Without correct money management and following your rules and trade plan then the system will fail.

We expect set backs but failure is not an option. I have only recently entered the markets again after some time away, I am trading demo until I get the feel again and will go live very soon. Having some time away due to family, I have also taken this time to improve and optimize my strategy.

Minimizing the risk to reward and gaining those extra pips just by tweaking a few things is very important, even if its 1 pip or 5 pips per trade in the long run this will prove some impressive results. Dont be greedy get in and out and stick to your rules.

Before I started trading I wanted to gain the knowledge before trading, during my time I was lucky enough not to get any bad habits which I see a lot of traders going through. I have had extensive training and found some great mentors during this time. My training consisted of the following

1. Reading Price Charts
2. Fibonacci and AB=CD
3. Double Tops and Double Bottoms
4. 2618 Trading
5. CTS Combined technical scoring system
6. Advanced Pattern Recognition Cypher, Bat, Gartley, Butterfly etc
7. Backtesting many many hours, Portfolio Management, Data Entry Weekly
8. Trade Plan Development, Goal Setting, Pre Market Checklist
9. Money Management
10. Psychology

Aggressive Technical analysis trader. Actively managing my strategy is key.

1. My main analysis is Top Down
2. Structure and Harmonics
3. Trading time frame 1 Hour Charts
4. I utilize 4 times up and 4 times down
5. Bearish or Bullish doesn't concern me I trade my signals
6. Money management and Psychology crucial to trading
7. I try not to watch trades during, only adjusting every few hours if needed based on my rules
8. Back test and forward test results give us the belief in our system
9. Absolute no subjectivity in my trading