I wish I had it in me to be able to watch multiple pairs. The most I can do is probably two at a time. If I had more monitors dedicated to individual charts I could. Maybe someday. The only charts anyone will see from me will be GBP/USD.
Today's trade ran with a wide stop (12 pips) and an ambitious TP (20 pips). It's not shown, but my stop rested just above the high of the M15 bar that took out my lower drawn level. Trade definitely relied on the market being able to move, unlike yesterday's indecisive LO. My TP was set based on equity, ~1.5x my risk. However, that profit target was just a smidge below hourly support @~1.26340 (chart 2). Granted I'm still trying to get better at marking market structure, the trade might've reversed before my TP was hit. Alternatively, the support level I see may not even be support, and price may fall without a care. Who's to say.
Today's trade ran with a wide stop (12 pips) and an ambitious TP (20 pips). It's not shown, but my stop rested just above the high of the M15 bar that took out my lower drawn level. Trade definitely relied on the market being able to move, unlike yesterday's indecisive LO. My TP was set based on equity, ~1.5x my risk. However, that profit target was just a smidge below hourly support @~1.26340 (chart 2). Granted I'm still trying to get better at marking market structure, the trade might've reversed before my TP was hit. Alternatively, the support level I see may not even be support, and price may fall without a care. Who's to say.
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