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adamp

Info

Bio:
Started buying stocks and fund shares 10 years ago. 3 years ago, I started trading Forex and CFDs.

Currently, I am trading forex only. EURUSD is my favorite pair.

Trading style:
Daytrading EURUSD most of the time.

On 3 monitors, I have 3 charts: daily, 1 hour, 15 minutes.

Getting the big picture in daily, looking for support, resistance and 1-2-3s in 1 hour chart and entering trades in 15min chart.

I don't use any indicators to enter trades, though I have 3 of them in my charts:

1. Moving average (200 SMA in daily and ~100 EMA in all other charts)
2. MACD in daily
3. RSI in daily

I know that many traders worldwide use these indicators, so I watch them. But I don't decide entries based on them.

I wait for pullbacks / corrections and enter into the direction of the current trend. Normaly, I don't hold a position longer than a few hours, only if I should catch a big move and have some pips safe already.

Other instruments I use are fibonacci pivot points and inside & outside bars indicator.

Those indicators don't give signals, but I pay close attention to them, to know that some actions might happen here...

Motto:
The trend definitely IS your friend!

Experience 1-3 years

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Registered Sep 12 2009 at 23:39

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