Hi all,
In this thread I will be posting my trades whether losers or winners . we can also share ideas . I'm a technical trader, and all my trades are based on confluence.I use Trend Line, Channel,Fibonacci, Divergence(MACD),Pin Bar, Support Resistance zone and Pattern.I try to maintain higher Reward Risk ratio rather than Win Loss ratio.My stop losses are very sharp to maintain higher Reward Risk ratio.
I trade all the pairs but mainly I try to find a trade on major pairs.My main time frame for trading is 4H, Daily, Weekly, Monthly but I take entry on 5-15 min chart when the trend is confirmed in higher Time frame to control the Stop Losses.
Normally who wants to trade with my entries is advised to shift the Stop Loss in Entry level when the Reward Risk ratio is 1:1 I mean when the Stop Loss is 30 pips and the pair is moved to your side by 30 pips take the Stop Loss to the entry level.
Personally it is advisable to take 0.50-1.00% risk per trade and not more than 2-3% at a time for the all the running trades.
Every month I shall calculate the Reward percentage we have gained through this way.
Best wishes for you and it is appreciated the help of yours in this trading approach.
I am keeping record of my trades in the following link:
https://www.myfxbook.com/portfolio/c...ormance/189958
Regards.
In this thread I will be posting my trades whether losers or winners . we can also share ideas . I'm a technical trader, and all my trades are based on confluence.I use Trend Line, Channel,Fibonacci, Divergence(MACD),Pin Bar, Support Resistance zone and Pattern.I try to maintain higher Reward Risk ratio rather than Win Loss ratio.My stop losses are very sharp to maintain higher Reward Risk ratio.
I trade all the pairs but mainly I try to find a trade on major pairs.My main time frame for trading is 4H, Daily, Weekly, Monthly but I take entry on 5-15 min chart when the trend is confirmed in higher Time frame to control the Stop Losses.
Normally who wants to trade with my entries is advised to shift the Stop Loss in Entry level when the Reward Risk ratio is 1:1 I mean when the Stop Loss is 30 pips and the pair is moved to your side by 30 pips take the Stop Loss to the entry level.
Personally it is advisable to take 0.50-1.00% risk per trade and not more than 2-3% at a time for the all the running trades.
Every month I shall calculate the Reward percentage we have gained through this way.
Best wishes for you and it is appreciated the help of yours in this trading approach.
I am keeping record of my trades in the following link:
https://www.myfxbook.com/portfolio/c...ormance/189958
Regards.