Here are my first 3 trades on M15 charts i put in before going to bed last night - been doing M1 and M5 until now. Have not posted those as they did not strictly follow Dred's system.
Any comments & criticisms on the setup would be appreciated as I am still very much on the learning curve. One thing I know I forgot to check was the Daily Range.
EUR-USD - SL @ 1.41700 then moved up to 1.42095. TP at 1.42980. Closed trade at 1.42584
GBP-USD - SL @ 1.62300. TP at 1.63500. Closed trade at 1.63093
AUD-USD - [email protected] TP at 1.10000. Closed trade at 1.09833
Closed the trades as I had to go out. Only the AUD-USD would have hit TP.
All the trades were probably against the daily trend but H4 and D1 were still showing uptrend (I think).
I have to say that it was a great way to wake and a whole lot less stressful than trading M1.
Thanks for reading
Any comments & criticisms on the setup would be appreciated as I am still very much on the learning curve. One thing I know I forgot to check was the Daily Range.
EUR-USD - SL @ 1.41700 then moved up to 1.42095. TP at 1.42980. Closed trade at 1.42584
GBP-USD - SL @ 1.62300. TP at 1.63500. Closed trade at 1.63093
AUD-USD - [email protected] TP at 1.10000. Closed trade at 1.09833
Closed the trades as I had to go out. Only the AUD-USD would have hit TP.
All the trades were probably against the daily trend but H4 and D1 were still showing uptrend (I think).
I have to say that it was a great way to wake and a whole lot less stressful than trading M1.
Thanks for reading