30M日间交易方式 (30M Day-Trading Method)

Hello,

I will start by saying I have been a long time forex factory addict - Always looking for that something new that works. Time and time again I would end up dumb founded as to why it didn't work, always feeling the gut wrenching disappointment and failure of loosing money that I couldn't afford.

I learnt that all flashy indicator's and so on are a waste of time. As soon as I had over-come that and concentrated more on price action I was fine.

I don't think I could have pulled through as well as I have if it was not for Efflilang and Flamenco143, these two people never stopped inspiring me, and for that I am grateful. If you have been here long enough you would know them both.

I have attached pictures of what I do - I don't have any hard set of concrete rules other then, go with the trend, and try to stick to only 2 time frames, don't go bouncing around everywhere, otherwise you will loose yourself like I have done many times.

The pictures should be pretty self explanatory. The arrows are the entries and the blue and red triangles are the high's and low's being taken over, thus looking for a trade in a new direction or the exsisting one. I use the Stoch for divergences, early warning of trend changes.
Stop losses would usually be kept at the high of the most recent high, or the low of the most recent low or if a major pivot is a bit further then below/above that, pretty basic really, I've given up on staring at the screen for hours on ends, I usually check it every few hours and will adjust my stop loss to the next most recent Support / Resistance, that being the last Low or High.

This may also be used on higher time frames. I won't say which, you can work it out for yourself.

Well... this place has helped me a lot so I thought I'd give a little something back.

All the best to you - and for those beginner's - Don't give up so easily, it will come to you eventually as it has for me. Have faith in yourself.

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Indicators & Template are attached

Along with it I thought I'd attach a document about Peaks & Troughs, it's a good read.

Also... it's worth every cent and I'd highly recommend it to anyone who trades, whether they have been doing it for a long time or just started.
"Trading In The Zone, by Mark Douglas" - Google it.

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- Will be posted using DD/MM/YY format - Week ending will be the last trading day for the week

Week ending 3/4/09 --- +505 Pips