Disliked{quote} Thank you Emmanuel, you always help me a lot and I'm still struggling I'm trading the D1, H4 and sometimes H1. H1 only if the tdi cross > mbl for long, tdi cross < mbl for shorts,and PAC (above for long, below for shorts) Sometimes if I see that H4 is about to give a signal, I drop to the H1 and see if there's a signal already. I entered at the H4 candle publication. Yesterday I closed an incredible trade for +150 pips, and on the same day I lost all the profit in another trades that also were losers. Will take into account what...Ignored
Hi Mordin,
Let me suggest one thing here. The drawdown 12% can be recovered over the next 20 trading days.
Focus on GBPNZD and trade the Daily chart TF.
Do not trade all three pairs - GBPAUD, GBPCAD and GBPNZD because they move in the same direction and when we are wrong, then we are caught 3 times.
Just focus on trading GBPNZD from today onwards and follow the Monthly and Weekly direction.
Study the volatility of these three pairs at the website link below.
https://www.mataf.net/en/tools/02-01-volatility
Next thing is to do your top down analysis / big picture plan to trade the D1 chart. Look at the D1 chart and then plan your entry on H1 at any time of the Day according to your own trading hours. Look for the intraday retracement using H1 chart during the day. Then plant your sell order carefully and know where to place your initial SL. Do not enter at full risk but use smaller % risk and as the trade develops in your favour, protect each open trade and add on new positions progressively on each new day.
Lets' look at the market on daily basis and I will try provide my daily update view on GBPNZD. Today we already missed a sell add-on entry therefore we wait for tomorrow.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett