hi all dam i need to get some sleep its 3AM any way see u below 15500 and good luck all ,
WB on bro
WB on bro
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DislikedWormboy,
Thanks for your earlier post regarding psychology on larger accts compared to micros. As I continue to scale up my account, I've been focusing more on the overall psychology of larger trades... What helped you the most as you scaled up, and specifically, what helped you maintain the psychological approach as your account size continued to grow?
Thanks a ton,Ignored
Dislikedusd liekly gonna get killed tomorrow . Hence uj intervention move stopped dead and has been distributing
Look at your chart ... same set up as eu was last week before nice little 400 pip earner.. anyone for tea ?Ignored
Dislikedhi capn79
the thing that helped me stay profitable is by exercising conservative risk. I've not risked trading more than 2% of my total equity at any given time for a while now. Of course, the gains are not spectacular by any means but they've been steady. Keeping risk low is paramount to maintaining a proper psychological makeup imo.
To give you an idea of what I'm talking about, here's an example of how I trade:
1. http://www.forexfactory.com/showpost...postcount=8362
Have a good oneIgnored
DislikedI don't see a reverse yet for the down side.
Price closed at 50% fib with a morning star candle.
The next 4hr bar will close in an hour if it stay above this morning star I look for a bounce up with the stoch into oversold area ready to turn.
Funny How we see thing different, that is what make the market. ;-)Ignored
DislikedI know you trade longer term setups, so I'm wondering if there are certain set ups where you risk more, as opposed to others. .Ignored
DislikedWell, got my 200 on the 5m, took a few trailers for the ride...
Out here, will see whatsa shaking later on...Ignored
Dislikedyou're welcome my friend.
No I don't risk more on different setups ie scalping, even when scalping the maximum risk is capped at 2% maximum & different market sessions has no bearing on my risk management either. They're all treated equally the same.
Welp, I'm off till LO. Catch you later & good luck with your tradingIgnored
DislikedSpeaking of the 200 lol, have taken a few longs from just below the hourly 200 1.5540 area...Ignored
DislikedSpeaking of the 200 lol, have taken a few longs from just below the hourly 200 1.5540 area to take a crack at yesterdays high . Todays daily pivot (1.5589) and my weekly open area (1.5621) are tgts on the way up . 8 hour chart with just the macd averages on the price which form the average band. With the 8 hour time frame when price is trending up the hourly 200 will be close to the same area as the bottom average in the band , when trending down the hourly 200 is near the top average . As you can see on the [color=blue][u]retrace...Ignored
DislikedYou lead the way and I'll gather the scraps. The PA respected the 1H 200ema and used a 1M compression as a spring to change direction.
Dr. D.Ignored
DislikedGood day everyone
updated chart.. my TP for long term is 15900 to 15930.
wishing you all GOOD LUCKIgnored