I started my trading path during the 2017 bullish run of the Crypto market. I had made my first purchase in on Coinbase for Bitcoin, Litecoin & Ethereum in February of that year. Slowly I became interested in price action by constantly monitoring my holds. It didn’t take more than a month and I had already opened accounts with most Crypto exchanges such as GDax, Bittrex, Binance, Cryptopia.
Two books I read several times were John Murphy’s Technical Analysis of the Financial Markets as well as Technical Analysis for the Trading Professional by Constance M Brown. Soon enough I began charting cryptos on TradingView daily and became obsessed with different indicators and strategies, yet not much was being said about risk management in the crypto community. Money was earned and equally fast money was lost. Most importantly, a lot was learned.
After the Crypto Market crashed in early 2018, I began looking for other instruments to trade. It was then when I became involved with the Forex market. FX became my new trading obsession. The problem here was that FX was its on animal. Yes, the indicators were the same and some of the strategies I had learnt prove to be useful too in FX but I didn’t know anything about leverage, margins and how to properly calculate position sizes. The result was more money was lost!
I decided it was time to pause and study some more. Before the end of 2018 I had completed the entire online program with Babypips.com (highly recommended) and also read “The Art of Currency Trading” by Brent Donnelly (also recommended)
Through dedication, perseverance & a relentless attitude I began to break even in the first month or two of 2019. Also went through the entire YouTube channel of VP at NoNonSense Forex which helped me tremendously. By April of 2019 I began to make profits and most importantly preserved my gains.
Half way through 2019 I began corresponding with Brian Twomey after seeing how on target all his call were on Twitter. This man is by far the one and only real FOREX GURU out there. I was even more impressed when he told me he does not trade based on indicators nor charts. All his trades are based on pen, paper and a calculator! Old school but mind blowing accuracy! Bought his book “Inside The Currency Market” and with his help I was able to put together my own complete Trading Algorithm.
With an interest in computer science and coding, I was able to create indicators based on statistical analysis I had learned from Brian as well as a fully automated Trading Robot for Metatrader 5.
My goal with this website is to provide resources to those who might be interested in following my trading strategy as well as to maintain a trading journal/blog with Trade Setups I see based on my analysis.
I hope you enjoy the content and I wish you great success in your trading path. ~ FX BABA