DislikedThe NJD/JPY trade here has the exact same setup as EUR/CHF . Mayaf isn't working for me right now so I don't know if their correlated. I feel more like i'm gambling then trading, but all in all I think my setups were pretty good for this week. if I understood how to enter correctly or had wider stops a few would have worked out to give me some nice pips for the week. Any suggestions?
I dont get some of the TLs you are using either, i would take them out of your trading for now to consentrate on the methods J16 teaches us. I would also go back to basics and trade the bars the traditional way with the traditional SL placements above/below the bars (at least untill you become profitable with them). Trading the retest of the bars imho is a pretty advanced way to trade them, i personally get alarm bells ringing when price retraces well into the bar as in your nz/cad trade for e.g. a retest of the break price is my preference. I notice you traded some of them before the bar broke and so imho it doesnt count as a retest as the bar is only valid after it breaks (e.g. eu/chf). the pairs seemed to be in a side ways market a lot of the time also, maybe this is something you could look at? only taking trades at true swing highs/lows. A SL of 20 pips is very small on these crosses and would need great timing to pull it of consistantly, maybe back testing your method would help?? or making a journal of your setups and how they work out to determine a more realistic SL??
just wondering if you cherry picked the setups and traded them in the traditional way, taking measures to protect yourself at the FTA if your results would have been different?? dont want this to sound negative as your aproach seems to me to be very good and the levels ok also, which is what makes me think of going back to basics a little??
just my view buddy