Fibs -
15 seconds - 13:30 CPI m/m - 2019-01-11 - Chart Time: London (winter)
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Tight stops, tight spreads and extreme trade vetting and only under ideal conditions required - one or two sniper shots - if unsuccessful ruthless disciplined retreat* regardless of further considerations - trigger happy compulsive over trading and 'scalping' will result in fast losses - separate sideline account suggested - no time for further comment - go figure for self required.
*Definition of retreat - (of an army) withdraw from enemy forces as a result of their superior power or after a defeat. Oxford Dictionaries
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15 seconds concluding comment:
Tight stops, tight spreads and extreme trade vetting and only under ideal conditions required - one or two sniper shots - if unsuccessful ruthless disciplined retreat* regardless of further considerations - trigger happy compulsive over trading and 'scalping' will result in fast losses - separate sideline account suggested - no time for further comment - go figure for self required.
*Definition of retreat - (of an army) withdraw from enemy forces as a result of their superior power or after a defeat. Oxford Dictionaries
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15 seconds concluding comment:
- Charts are merely indicative of market direction to enhance visual perspective.
- In the heat of battle there is no fully formed chart for hindsight reference.
- 'Blind-sight' is reliant on - in brevity - defined markers, PA, basic TA, bar metrics, identification of session impulse moves, avoidance of chaotic volatility and merciless discipline to restrict risk expenditure* to money management limit.
- * maximum risk per session, day, week, etc., as applicable
- A key fallacy is to include margin in risk management. Margin is dead animal - none working trading funds. Any number divided by 50 gives a result of 2% of the original number (150/50 = 3, (3/150)*100 = 2%). If 2% risk is selected, 2% risk is calculated against free margin which excluded margin collateral.
- More info - https://www.forexfactory.com/showthr...8#post11169008
- A tight maximum stop expenditure can yield, on occasions, x15 and greater return. Indiscriminate and/or compulsive squandering of 15 maximum stop expenditures will render profits null and void. Discriminate selective trading required.
- Suited to auxiliary side-line account complimenting longer time frame accounts.
- No time for further comment - Go figure for self required.
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// Posts are personal reference notes (for private audience) ↓ - We do not discuss tradings strategies or methods.
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