Hi Folks
When time permits, I will show you all what has worked for me.
I am working my way towards the 10K hour number and now am only about 5 years away from goal.
Please comment if you are seasoned and have tips that may help forward progress.
I am on the go and will mainly use charts from fx trade and/or trade interceptor.
Special thanks for out to many here here on FF - Seneca Pilot, TAH, Sonic, Loeil, Gleneagles to name a few.....
1. Trade small relative to account size.
2. Don't be afraid to add to a loser at key levels (entries I will call seeds) some of these seed-adds may turn into being the most profitable.
3. Allow your trade at least 5 seeds and some breathing room if using stops
4. If you are an individual who doesn't like to admit being wrong - trade even smaller and allow more pips for stop loss (up to 200 pips -if trade is 200 in the red u are probably wrong at least about your timing)
5. Set goals but keep in mind that you may have a goal of 6% a week but if you allow patience to persevere you may have a 12% week
6. When a pair is in consolidation (4h) for a lengthy time...that pair is likely to move a great deal when it breaks - stay with it....
7. The trade I just posted/closed (6 seeds) was an EU Long from a bottom that never bounced -could of been a winner but I didn't want to hold over the weekend... the lesson here don't be afraid to take LOSERS (get comfortable with them) more on this later - so far this past 40 weeks I have won 32000 pips and lost 26000 pips - this is how it is done if you want to be successful.... 59% wins...Keep in mind the trade that I CHOSE to show was a Loser -it is OK to Lose some we all need to get used to LOSING - the earlier you learn this the better the chances you have of SUCCEEDING in this business!
8. When entering in a multiple entry format to build a position, you will notice that not all your entries in the position will be winners or losers - There will be a mix....the goal is to have the MIX of red and green pips in your favor...
Again - I will post more later on entries and exits - when to hold and fold...
This method of trading merely uses the 34 EMA, Volume, and Price action - KEEP an eye on FF Red news -this is when SM accelerates the profits for themselves - lets try to follow in their footsteps
When time permits, I will show you all what has worked for me.
I am working my way towards the 10K hour number and now am only about 5 years away from goal.
Please comment if you are seasoned and have tips that may help forward progress.
I am on the go and will mainly use charts from fx trade and/or trade interceptor.
Special thanks for out to many here here on FF - Seneca Pilot, TAH, Sonic, Loeil, Gleneagles to name a few.....
1. Trade small relative to account size.
2. Don't be afraid to add to a loser at key levels (entries I will call seeds) some of these seed-adds may turn into being the most profitable.
3. Allow your trade at least 5 seeds and some breathing room if using stops
4. If you are an individual who doesn't like to admit being wrong - trade even smaller and allow more pips for stop loss (up to 200 pips -if trade is 200 in the red u are probably wrong at least about your timing)
5. Set goals but keep in mind that you may have a goal of 6% a week but if you allow patience to persevere you may have a 12% week
6. When a pair is in consolidation (4h) for a lengthy time...that pair is likely to move a great deal when it breaks - stay with it....
7. The trade I just posted/closed (6 seeds) was an EU Long from a bottom that never bounced -could of been a winner but I didn't want to hold over the weekend... the lesson here don't be afraid to take LOSERS (get comfortable with them) more on this later - so far this past 40 weeks I have won 32000 pips and lost 26000 pips - this is how it is done if you want to be successful.... 59% wins...Keep in mind the trade that I CHOSE to show was a Loser -it is OK to Lose some we all need to get used to LOSING - the earlier you learn this the better the chances you have of SUCCEEDING in this business!
8. When entering in a multiple entry format to build a position, you will notice that not all your entries in the position will be winners or losers - There will be a mix....the goal is to have the MIX of red and green pips in your favor...
Again - I will post more later on entries and exits - when to hold and fold...
This method of trading merely uses the 34 EMA, Volume, and Price action - KEEP an eye on FF Red news -this is when SM accelerates the profits for themselves - lets try to follow in their footsteps
Entries in the wicks over and over **PVSRA rules!