After 8 years of on and off trading with only mixed success and nothing consistent, I have identified two main flaws that have held me back from success in this business. The first is having a general lack of discipline, and the second, having a tendency to flip flop between many different strategies. I have come to the realization that I need a transparent and permanent record of my trades and thought processes that I can refer back to, in order to hold myself accountable and grow into a successful trader. The strategy used moving forward will be Fibonacci based weekly pivots and harmonics. Big shout out to Davit and his Pivot Trading thread for the solid advice, indicators & templates. This guy is the man!
I am using MT4 for charting only and will manually place lines on the posted charts for my entries & exits, which will correspond to my trade explorer here at FF. Trades will be marked using green dashed lines. Multiple entries may be shown as a single average line unless timing and price of entries are significantly different.
As a general note, the Fib-Pivots can also be found via https://www.actionforex.com/markets/...-pivot-points/ and clicking on the weekly tab.
Here we go!
9/18/19 EDIT:
1) I no longer use harmonics. I only use Daily & Weekly fib pivots, fundamental analysis, and a contrarian view on overall market sentiment.
2) I have deposited and withdrawn several times throughout this Oanda account, which skews the percentages shown in the Trade Explorer. NOTE-ONCE I OPENED THIS OANDA ACCOUNT, I HAVE NOT HAD ANY ACTIVITY IN ANY OTHER ACCOUNT. ABSOLUTELY NONE! YOU'LL JUST HAVE TO TAKE MY WORD ON THAT.
3) The extra monies I have deposited were to cover margin requirements during periods of drawdown, and I have always pulled it right back out. So, for simplicity sake, I am using only my first deposit of $1,000 as my 'starting balance'. This can be seen in the screenshot below. You can also see in the screenshot, my first trade, which will coincide with the Trade Explorer.
I am using MT4 for charting only and will manually place lines on the posted charts for my entries & exits, which will correspond to my trade explorer here at FF. Trades will be marked using green dashed lines. Multiple entries may be shown as a single average line unless timing and price of entries are significantly different.
As a general note, the Fib-Pivots can also be found via https://www.actionforex.com/markets/...-pivot-points/ and clicking on the weekly tab.
Here we go!
9/18/19 EDIT:
1) I no longer use harmonics. I only use Daily & Weekly fib pivots, fundamental analysis, and a contrarian view on overall market sentiment.
2) I have deposited and withdrawn several times throughout this Oanda account, which skews the percentages shown in the Trade Explorer. NOTE-ONCE I OPENED THIS OANDA ACCOUNT, I HAVE NOT HAD ANY ACTIVITY IN ANY OTHER ACCOUNT. ABSOLUTELY NONE! YOU'LL JUST HAVE TO TAKE MY WORD ON THAT.
3) The extra monies I have deposited were to cover margin requirements during periods of drawdown, and I have always pulled it right back out. So, for simplicity sake, I am using only my first deposit of $1,000 as my 'starting balance'. This can be seen in the screenshot below. You can also see in the screenshot, my first trade, which will coincide with the Trade Explorer.