Here is the beginning of my trading diary. I look forward to honest feedback and guidance.
I am effectively a complete newbie but have been watching lots of video's and reading loads of articles, especially Okane's and very much appreciate all the knowledge and experience and hard work from you guys.
Put option 10 minutes ITM
I drew the trend lines on the 5 min chart seeing the upward trend with the higher highs and the higher lows and the stochastic over bought. I did'nt place the trade on the first candle touching the upper trend line in case it broke up to the support line and also to wait for the half hour mark.
On reflection, not enough confirmation from the ema and stochastic over several time frames.
Thanks for the feedback.
There are many ways you can draw your lines. Sometimes many RIGHT ways.
Example below M5 EURUSD
About indicators, once you get good enough, you won't need to rely on them