Hi,
Here's a review of trades I did over four sessions
Session 1
10 pending orders placed
2 wins, 3 losses, 5 pending (deleted)
Net 80 pips
Risk to reward 1:4 and 1:5
Session 2
9 pending orders placed
4 wins, 1 loss, 4 pending (deleted)
Net 114 pips
Risk to reward 1:3
Session 3
6 pending orders placed
3 wins, 2 losses, 1 pending (deleted)
Net 152.4 pips.
Note: One trade did 90 pips on a 1:2 so lower lots
Session 4
9 orders placed
5 wins, 1 loss, 3 pending (deleted)
Net 407.6 pips
Note: DOW trade left to run, three trades at 1:3 one trade at 1:4
Comments:
Total pips 754
Start looking for trades after London open
I spend an hour placing trades then close computer down and do something else
Check trades the next day
Clarification:
The sessions above were all this past week looking for trades after the London open
754 pips is exceptional, I had two trades on the US30 (DOW).
When the DOW gets a direction, it can run hundreds of points in a matter of hours
The two DOW trades were taken off the M15, targets were set off the H4
The balance of trades were currency pairs on various time frames
I usually place from 5 to 12 pending orders a session, all trades are "set and Forget"
Some things to consider, positive expectancy, risk to reward and it's a numbers game
Example:
I'll share a screen shot for what it's worth, GBP/CAD on M5 risk to reward is 1:4 (set and forget)
All the best
D...
Here's a review of trades I did over four sessions
Session 1
10 pending orders placed
2 wins, 3 losses, 5 pending (deleted)
Net 80 pips
Risk to reward 1:4 and 1:5
Session 2
9 pending orders placed
4 wins, 1 loss, 4 pending (deleted)
Net 114 pips
Risk to reward 1:3
Session 3
6 pending orders placed
3 wins, 2 losses, 1 pending (deleted)
Net 152.4 pips.
Note: One trade did 90 pips on a 1:2 so lower lots
Session 4
9 orders placed
5 wins, 1 loss, 3 pending (deleted)
Net 407.6 pips
Note: DOW trade left to run, three trades at 1:3 one trade at 1:4
Comments:
Total pips 754
Start looking for trades after London open
I spend an hour placing trades then close computer down and do something else
Check trades the next day
Clarification:
The sessions above were all this past week looking for trades after the London open
754 pips is exceptional, I had two trades on the US30 (DOW).
When the DOW gets a direction, it can run hundreds of points in a matter of hours
The two DOW trades were taken off the M15, targets were set off the H4
The balance of trades were currency pairs on various time frames
I usually place from 5 to 12 pending orders a session, all trades are "set and Forget"
Some things to consider, positive expectancy, risk to reward and it's a numbers game
Example:
I'll share a screen shot for what it's worth, GBP/CAD on M5 risk to reward is 1:4 (set and forget)
All the best
D...
