As price is everything, let's focus on price, support and resistance, and bias. I'll be posting my entry exits as well as analysis on price action and confluences. You also feel free to share your thoughts and also your analysis. Together we can make it right.
Most mistake trader makes are they are not consistent. Consistent at making trades I mean. Most of them give up after executing few consecutive loss on a specific strategy. I'm also not an exception from this. But from now I'll try to focus on market on daily basis.
I've also dedicated a cent account for testing my entries and exits because demo is something that doesn't gives psychological pressure. I'll take around 0.25% risk on trendy market and on higher time frame where as I will risk 0.15% of my account in range market. But I might higher up the risk in future.. As this strategy is in test format I don't want to risk a lot of money in single trade.. I'll continue doing this till it hits 30% drawdown... A lot of thing to talk about but let's start posting trades. I'll update this introductory post later.
#Update One: I'm dedicating this account for every trade that I make using this strategy.. I've made a cent account with $100 and tracking up my system using this cent account.
MyFXBook Link: https://www.myfxbook.com/members/inc...s-mtv2/1725894
NOTE: I was active in another forum.. I've copied and pasted the same thread here so that I can discuss it with more people.. I'll instantly update here as well from now..
Most mistake trader makes are they are not consistent. Consistent at making trades I mean. Most of them give up after executing few consecutive loss on a specific strategy. I'm also not an exception from this. But from now I'll try to focus on market on daily basis.
I've also dedicated a cent account for testing my entries and exits because demo is something that doesn't gives psychological pressure. I'll take around 0.25% risk on trendy market and on higher time frame where as I will risk 0.15% of my account in range market. But I might higher up the risk in future.. As this strategy is in test format I don't want to risk a lot of money in single trade.. I'll continue doing this till it hits 30% drawdown... A lot of thing to talk about but let's start posting trades. I'll update this introductory post later.
#Update One: I'm dedicating this account for every trade that I make using this strategy.. I've made a cent account with $100 and tracking up my system using this cent account.
MyFXBook Link: https://www.myfxbook.com/members/inc...s-mtv2/1725894
NOTE: I was active in another forum.. I've copied and pasted the same thread here so that I can discuss it with more people.. I'll instantly update here as well from now..