DislikedWell my early exit led to nasty FOMO and screw up. I forgot about the NZ news which was major screw up {image} {image}Ignored
https://www.forexfactory.com/showthread.php?t=588764
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DislikedWell my early exit led to nasty FOMO and screw up. I forgot about the NZ news which was major screw up {image} {image}Ignored
Disliked{quote} Davit has this awesome mod posted in his thread. It shows the news on your MT chart and shows a clock with hours and minutes until next news report. It's saved me a few times, definately worth a download if you're interested! Not sure which link, but it's at the bottom of his first post. I downloaded all of the stuff he shared, it's all good IMO. https://www.forexfactory.com/showthread.php?t=588764 {image}Ignored
DislikedI'm back at work today so done trading for the week. Have a lot to vent so will probably blog incessantly. Yesterday I placed my cluster trades (avg 4 per trade) and I TP, took good profit, on 2/4 each time, leaving 2/4 BE to try get bigger pips but the market retraced each time and took me out. 10 pips seemed like optimal TP. When market retraced once it got back to 5 pips i was like, no, give it a chance, and got wiped. On top of that I forgot the NZ news and my SL on 2 trades were taken out practically to the pip. I have added screenshot of that...Ignored
Disliked{quote} try moving to a 30min chart and one hour for trading with 4 hour for trend and partners being supportive are welcomeIgnored
Disliked{quote} Agreed. However, this doesn't mean that you are abandoning the lower 5-min or 15-min charts. What I mean by this is that when you are placing your sl are you simply using a nominal figure? Are you taking into account that a 10 pip stop that may be adequate in normal conditions can be taken out easily by randomly widened spreads in Asia session, the ''out-of-hours'' session for the rest of the world? You will often see price barely moving but the spread doubling or even tripling in size and then back again in no time at all. For the detail,...Ignored