Disliked{quote} Hi Marcmarc, Many thanks for your in-depth reply, I really appreciate it. In regards to R:R I risk 100 pips to make around 60-70pips using price action on the 4hr/day chart when to get out or continue. I like to tried and take small but consistent profits. I have only been doing this for 3 months, logging every trade and each month I have been around the 5-6% growth. I know its still early days thought. I plan to demo trade for 6 months then open up a live one. Out of interest what time frames fo you like to use? I will keep you posted....Ignored
No worries, writing it all down is good revision for me, anyhow.
All my trading is strictly intraday and using only 5min candle charts. I trade off price action with a clean chart, nothing on it except the candles.
Your approach looks to be on the right track, though your R:R under 1:1 will put pressure on your required success rate. Keep practising, learning and gaining experience until you are really good. Best of luck!
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