james16 Chart Thread
{quote} Hi Alphac, I like your comments and vision of the market conditions. I have a question, could this red line be a next swing area? cause I see that low of the swing was lower of the previous one...{image}
{quote} Sirovai IMO you need to find something with you are comfortable. I read about a trader( famous in stock market don't remember his name now); he had only 5-10% winning trade and lost the rest but he made a lot of money. In the other side we have a trader who was here last year and show a statement where he won 90% of his trade but he lost a lot of money.... IMO it's best to open a demo account with 2-3-4 broker and try something like this: account 1 take TP at FTA; account 2 move SL at BE At FTA; account 3 SL=30 pips or another number but...
{quote} Sirovai IMO you need to find something with you are comfortable. I read about a trader( famous in stock market don't remember his name now); he had only 5-10% winning trade and lost the rest but he made a lot of money. In the other side we have a trader who was here last year and show a statement where he won 90% of his trade but he lost a lot of money.... IMO it's best to open a demo account with 2-3-4 broker and try something like this: account 1 take TP at FTA; account 2 move SL at BE At FTA; account 3 SL=30 pips or another number but...
) with different methods... By trading algorithm I mean what timeframe we trade, what setups, examp PB, BEOB and so on, based on trend or countertrend, how much SL and TP or trail SL, and many many things. AND WE ALWAYS SHOULD STICK TO OUR ALGORITHM. IF THERE IS SETUP ACCORDING TO OUR ALGORITHM THEN TRADE, IF NO GO AWAY AND ENJOY THE LIFE.
{quote} Sirovai why a buy limit at that area? Also IMO 1.717 is better TP area {image}
