Don't ask for my system.
I'm making myself track all of my trades to become more consistent and at a minimum document what I'm thinking.
-The first few will be demo..then I'll get back to posting live account results...I can't wait to get back to $50.00 Pips!
Goal:
Make 300 Pips per week
Pairs: GJ/UCAD/EG/UJ/EU
NEW RULE UPDATE: "Exiting"
-Avoid losses by using an EMERGENCY EXIT STRAT (see -161 pip loss on UCAD trade)
EMERGENCY EXIT:
No Matter WHAT- Always exit a trade when the Stoch lines go in the opposite direction of your trade. The closer they get in the opposite direction of your trade the LESS money you will make.
If you let the Stoch lines reverse...you've blown it. Example Given: -161 pips after failing to take a profit of 25 pips literally as the Stoch lines were going the OPPOSITE direction of my trade.
-Eureka!
I'm making myself track all of my trades to become more consistent and at a minimum document what I'm thinking.
-The first few will be demo..then I'll get back to posting live account results...I can't wait to get back to $50.00 Pips!
Goal:
Make 300 Pips per week
Pairs: GJ/UCAD/EG/UJ/EU
NEW RULE UPDATE: "Exiting"
-Avoid losses by using an EMERGENCY EXIT STRAT (see -161 pip loss on UCAD trade)
EMERGENCY EXIT:
No Matter WHAT- Always exit a trade when the Stoch lines go in the opposite direction of your trade. The closer they get in the opposite direction of your trade the LESS money you will make.
If you let the Stoch lines reverse...you've blown it. Example Given: -161 pips after failing to take a profit of 25 pips literally as the Stoch lines were going the OPPOSITE direction of my trade.
-Eureka!