If you read throught the thread, you will see the evolution of that 3%. For months now, I am at 1% (sometimes gets close to 2% when I capture around 30 pips).
Can you post some of your trades? chart or lines of trade records.
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Didn't know you are trading EJ now.. the spread is 3.2 pip on fxpro ....
Perhaps, my M5 skill is not good enough.
Would you mind telling the trades you have taken on Mon? If you don't want, that is ok.
Dear renanc93 welcome to the choros!
Your trade I think has 3 disavantages:
1. It is the second m5/12 touch.
2. HTF (H1) is against you.
3. You haven't any confirmation (m5 bar crossed the m5/12 and closed below,
the same for the second).
Not sure how to read this one. is is not price constrainment, but it keeps touching and bouncing EMAs.
does it mean it will go up or does it mean "one never knows" ;-)
sorry for noobish question but I prefer to ask more advanced traders
I'm screening the M15 the whole day on GU & EJ, but still find myself having trouble finding good trading opportunities (or perhaps i hesitate too much on M15 first touches and the action has already happened). But switching to M5 and analysing it, i see alot more opportunities which happen way more often on a day. Mind if i ask if you trade according to Endroute rules, or the main dance rules together with PA?
I think it will speed up my learning process faster as there are more signals, which gives me more screentime aswell on how the price...
I think kostas1 use EMA 12 an EMA 23 on M5, there are a few trades posted by him here, which you can check.
Personally, I don't know how exactly he trades the M5 chart, I guess in general he uses M1 for PA confirmation.
I can't speak for him, but you may possibly get a rough idea, before he comes to reply.
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