What do I intend to achieve with this blog?
Hi - thanks for stopping by.
I am a forex trader - or atleast trying to be one since 3 yrs. I am actually a web developer - who has been trying to become a full-time trader.
I decided to log gbp/usd - the pair I trade the most - and hope to post my “visions of the chart” - i.e., the trends, support / resistance, MA crossovers and cross-check data across multiple time-frames.
Ofcourse, but now, you might have realised I am a technical trader. I believe in technical analysis and I have seen support and resistance move markets too many times -and I subscribe to that school of thought - however, I have learnt to refrain from trading during news - especially NFP, FOMC etc - I just watch the market parade and be content with the fact that I neither lost nor made money - I feel risk needs to match reward - every possible time.
I hope my blog readers will actively participate and share their thoughts about the charts - whether you see my trends or if you notice something else. Collectively, I hope we can spot opportunities and trade together.
If in case, I don’t get any users - atleast this blog will be a record of what I saw and how I traded - maybe a few months/years down the line - I can correct my mistakes and become a better trader.
Here’s wishing all the forex traders out there - tremendous success.
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