been using your teachings this week.
I don't believe I've had even one loss for this week. As you can see, for this week, it's been great.
I don't scale down or anything like that. i Just do 30 minute charts. using something like a 30->60 pip TP and a 30->60 pip SL. I only take the obvious long, long candle trades when price returns.
as per the picture i am attaching, some may be able to guess where I am looking to get in at the moment, and my stop losses and take profits (depending on which side price goes to first). as you can see, i hold on to the bitter end with the stop losses. i want to make sure I can survive any wick of any size. I only want to be stopped out if it's truly over and done...
edit: and one thing i want to add is, it is actually MUCH easier to trade this LIVE than it is to show a picture in hindsight. this is COMPLETELY opposite to a strategy full of indicators, where when you explain to someone in hindsight, everything seems easy enough, but LIVE trading sucks shit (as most of you already know). Trading this way is completely different. It's actually much easier to trade it LIVE than to explain to someone after the fact why you did what you did and when through a picture.
I don't believe I've had even one loss for this week. As you can see, for this week, it's been great.
I don't scale down or anything like that. i Just do 30 minute charts. using something like a 30->60 pip TP and a 30->60 pip SL. I only take the obvious long, long candle trades when price returns.
as per the picture i am attaching, some may be able to guess where I am looking to get in at the moment, and my stop losses and take profits (depending on which side price goes to first). as you can see, i hold on to the bitter end with the stop losses. i want to make sure I can survive any wick of any size. I only want to be stopped out if it's truly over and done...
edit: and one thing i want to add is, it is actually MUCH easier to trade this LIVE than it is to show a picture in hindsight. this is COMPLETELY opposite to a strategy full of indicators, where when you explain to someone in hindsight, everything seems easy enough, but LIVE trading sucks shit (as most of you already know). Trading this way is completely different. It's actually much easier to trade it LIVE than to explain to someone after the fact why you did what you did and when through a picture.