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  1. #1
    Solid Member plmoore246's Avatar

    Patrick246's Diary !!!

    Hello, traders, i am new to the industry but I am a fast learner. I have developed a strategy that works for me but my passion is Price Action trading. I recently joined community traders group for my gap in knowledge of price action.

    My system is trend trading and I use both static and dynamic support and resistance.
    My indicators are (1) 50 SMA for trend, (2) 14 EMA for support and resistance (and the 100 & 200SMA), (3) Stochastic for OB/OS (4) Higher Timeframe confirmation. I use the 5 minute. TF to find trends with 15 minute for confirmation and my expiry are 15 minutes.

    Click image for larger version.

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    But as mentioned above I am here to learn and share price action trades.

  2. Thanks Martin Kay thanked this post
  3. #2
    Solid Member plmoore246's Avatar
    Saw a down trend in price
    A channel pattern was created
    99 EMA was touched with trend line
    5M chart, 15M expiry
    Chart Below
    Click image for larger version.

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    Results
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  4. #3
    Legendry Member milos's Avatar
    Nice Patrick. We have new fresh charts and new trading style It will refresh the bots forum.

    Happy trading!

  5. #4
    Moderator Kolyo's Avatar
    Hey great to see you here! We are here to help I see you are using TradingView charts. I love them.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  6. #5
    Legendry Member Okane's Avatar
    Hey! Looking good man. Keep it up!
    Live Webinar: Hidden Content
    Join My Skype Group: Hidden Content

  7. #6
    Senior Member Ingmar's Avatar
    nice clean trades Patrick, looking forward to seeing more...
    The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor.

  8. #7
    Solid Member plmoore246's Avatar
    I have not posted in a while because of work commitments but here is my results for the week 12th June to 16 June 2017

    Pair GBP/USD
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    did 4 trades 3 ITM 1 OTM

    Traded with the trend , set up main trend line and waited for pull back to break, confirmed in the direction of the trend.
    Also targets was located with an 4Hr trendline and S/R. The OTM was a lapse of judgement because it ws not with the rules and went against me.

    Pair AUD/USD
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    uptrend, broke minor trend line, with confirmation placed a CALL trade which was ITM

    Pair USD/JPY
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    In a uptrend and a triangle was formed but price reversed and broke the trend line
    placed a PUT trade which was ITM

    Results
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    5-2 (71%) Still in profits.
    But my goal is to analyse the OTM and see what i did wrong and do not repeat the mistake, providing it was a poor analysis on my part.

  9. #8
    Senior Member arrais's Avatar
    Hi Patrick, nice breakouts there. You are doing well Keep posting

  10. #9
    Solid Member plmoore246's Avatar
    Quote Originally Posted by arrais View Post
    Hi Patrick, nice breakouts there. You are doing well Keep posting
    Thanks Arrais, it is all about we winning and not the brokers. All the best for the up coming week.

  11. #10
    Moderator Kolyo's Avatar
    Hey Patrick,

    Congratulation for your diary! Well presented trades! Keep it up We are following with great interest!
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

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