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    Thread: shahidmemopd's - Trading journal

    1. #1
      My charts talk to me!
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      Default shahidmemopd's - Trading journal

      Hi friends my name is Shahid, I was introduced to Forex by my mentor a few months ago. I am still in learning phase, the way I trade is without indicators, now if I donít use indicators (apart from Fibonacci) then that doesnít mean indicators are not useful. I believe that every indicator or tool available in MT4 platform can assist traders so it is up to us as to how we use them in our trading system. So I trade with pure price action and I take into consideration following:
      1-Trend lines and channels.
      2-Breakouts
      3-Major support and resistance levels.
      4-Fibonacci (retracements and sometimes extensions as well)
      5-Candle stick patterns
      I am very new to this trading world and I am purely following my mentorís instructions because trading is not so easy and we must have someone to guide us otherwise we may get lost and it will take a very long time before we can find our way and there is a great chance that we will quit this business before that. So I am excited to be a part of this wonderful community and I am looking forward to learn from all of you so that we may prosper all together.
      Regards


    2. #2
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      Welcome to the journal section, it's a nice thing that you have mentor to guide you through the early stage of your trading career, it will help you to avoid making blunders that most newbie do make. Using price action is a good one it makes your chat clean and not complicating, I will be looking forward to see how you make use of these indicators you listed together with price action.


    3. The following 4 users say Thank You to Oriakhiebillz for this useful post.

      abidbutt (06-09-2018), dedy hari kurniawan (03-19-2018), shahidmehmopd (03-20-2018), zahidmehmood (03-19-2018)

    4. #3
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      Quote Originally Posted by shahidmehmopd View Post
      Hi friends my name is Shahid, I was introduced to Forex by my mentor a few months ago. I am still in learning phase, the way I trade is without indicators, now if I donít use indicators (apart from Fibonacci) then that doesnít mean indicators are not useful. I believe that every indicator or tool available in MT4 platform can assist traders so it is up to us as to how we use them in our trading system. So I trade with pure price action and I take into consideration following:
      1-Trend lines and channels.
      2-Breakouts
      3-Major support and resistance levels.
      4-Fibonacci (retracements and sometimes extensions as well)
      5-Candle stick patterns
      I am very new to this trading world and I am purely following my mentorís instructions because trading is not so easy and we must have someone to guide us otherwise we may get lost and it will take a very long time before we can find our way and there is a great chance that we will quit this business before that. So I am excited to be a part of this wonderful community and I am looking forward to learn from all of you so that we may prosper all together.
      Regards
      Welcome my friend to this amazing journal section, this is the best place of mt5 forum and I am happy that you have decided to open your trading journal, it will help you learn more when you will share you charts on different pairs and more experienced traders will give you advice which will be beneficial for you in the long run.


    5. The following 4 users say Thank You to zahidmehmood for this useful post.

      786pk (03-20-2018), dedy hari kurniawan (03-19-2018), kashifrehman (03-19-2018), shahidmehmopd (03-20-2018)

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      Welcome to journal section dear, its good that you are using price action for your decision making. I believe if one can get hands on it then this is really a great system to trade with. you are considering multiple things for your decision making this will make your trading strategy more accurate and profit making activity will remain much easier with it.

      I Trade Structures, not Noise.


    7. The following 3 users say Thank You to kashifrehman for this useful post.

      dedy hari kurniawan (03-19-2018), shahidmehmopd (03-20-2018), zahidmehmood (03-20-2018)

    8. #5
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      Quote Originally Posted by shahidmehmopd View Post
      Hi friends my name is Shahid, I was introduced to Forex by my mentor a few months ago. I am still in learning phase, the way I trade is without indicators, now if I donít use indicators (apart from Fibonacci) then that doesnít mean indicators are not useful. I believe that every indicator or tool available in MT4 platform can assist traders so it is up to us as to how we use them in our trading system. So I trade with pure price action and I take into consideration following:
      1-Trend lines and channels.
      2-Breakouts
      3-Major support and resistance levels.
      4-Fibonacci (retracements and sometimes extensions as well)
      5-Candle stick patterns
      I am very new to this trading world and I am purely following my mentorís instructions because trading is not so easy and we must have someone to guide us otherwise we may get lost and it will take a very long time before we can find our way and there is a great chance that we will quit this business before that. So I am excited to be a part of this wonderful community and I am looking forward to learn from all of you so that we may prosper all together.
      Regards
      Welcome to trading journal section shahidmehmopd I read your introduction if you do not use indicator in the trade, this can be said naked trading. When you open position give screenshot and explain about your system with S/R, candlestick pattern, Fibonacci and trendline to be easier for us here in understanding the methods that you apply in your trading. I will wait for your next update and hopefully your trade can run for long time.
      don't use Luck in the trade but it would be better to use Greed
      hoping for something without hard work will not give anything

      dedy hari kurniawan's trading journal


    9. The following 4 users say Thank You to dedy hari kurniawan for this useful post.

      shahidmehmopd (03-20-2018), Unregistered (2), zahidmehmood (03-20-2018)

    10. #6
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      Quote Originally Posted by shahidmehmopd View Post
      Hi friends my name is Shahid, I was introduced to Forex by my mentor a few months ago. I am still in learning phase, the way I trade is without indicators, now if I donít use indicators (apart from Fibonacci) then that doesnít mean indicators are not useful. I believe that every indicator or tool available in MT4 platform can assist traders so it is up to us as to how we use them in our trading system. So I trade with pure price action and I take into consideration following:
      1-Trend lines and channels.
      2-Breakouts
      3-Major support and resistance levels.
      4-Fibonacci (retracements and sometimes extensions as well)
      5-Candle stick patterns
      I am very new to this trading world and I am purely following my mentorís instructions because trading is not so easy and we must have someone to guide us otherwise we may get lost and it will take a very long time before we can find our way and there is a great chance that we will quit this business before that. So I am excited to be a part of this wonderful community and I am looking forward to learn from all of you so that we may prosper all together.
      Regards
      Hello bro!. Welcome to this trading journal section. Do you start with your own capital or by using bonus money?. Your strategies are good enough to make money and I do believe that you can use them to make good profits in this business. I wish you the best and welcome to this business. Good luck buddy!.


    11. The following 2 users say Thank You to forexianz for this useful post.

      shahidmehmopd (03-20-2018), zahidmehmood (03-20-2018)

    12. #7
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      Dear friends thanks to all of you for this warmest wellcome. I hope that i will able to learn more with your guidance.
      I wil shortly share my ideas with you guys for comments.

      Thanks


    13. The following 4 users say Thank You to shahidmehmopd for this useful post.

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    14. #8
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      Hi shahid mehmood

      Its nice to see that you have decided to create your journal I hope you share some nice trading setups with us in coming weeks and we learn some new things from your technical analysis
      I share my CJ trade on my journal today's post today and it's going nicely in upwards direction hope your check it!


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    16. #9
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      welcome to the journal section, your choice using pure price action is perfect, I'm looking forward to learn from you and see how do you deal with the market, your illustrations will give us more view about that, wish you good trading.


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    18. #10
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      Nice one buddy, Good Luck to both of us. I am price action trader also, plain, simple and naked. Looking forward to learn some point from you and as well I can share my own also. Best of luck buddy! I am expecting that you focus also on the daily chart time frame right? I would like to learn also how you handle risk management.


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