Just a quick shout out to participants on thread, always use dynamic position sizes, calculated based on the size of SL. Each trade should leave similar mark in terms of % gain or loss on account. One of most important steps towards consistency in trading.
Either by using indicators (suggested) that do all calcuation for you, or by putting the numbers on the paper and then using those as guide to know how many lots should trader enter.
Thought its worth pointing it out because its probably buried on many pages near the start of thread.
{quote} Tracking with alert this one might turn into good play.
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EURJPY long sold for 1 R loss. High quality play, with basically all required attributes....but goes without saying that not every high quality play will work out.
EURUSD potential whole area supply takeout. Could form a trend change. Basically same as the above EURCAD setup. EDIT: EURJPY is the correlated play to it.
Just a quick tip for MT4 asset management. Shifting the pairs based on which pair is most likely to be at play or is currently at play and placing them ahead of the line is a good way to organize things better and make things more clean and consistent when it comes to tracking the setups.
EURUSD supply on track. Structure printing HLs, potential move into supply is likely. {image}
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EURO rotated with large clearout on the news and EURO lows.
Took an entry on EURO (EURCHF) instead of EURUSD as it was cleaner drive without the algo drive.
And now here we go, for most likely the flagship play of the day on US equity index US30, when the market opens likely an upward squeeze.
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And for flagship play of the day US30 long established pullback leg accumulation, after the strong impulsive move.
Example of a well structured and planned trade aligned with realistic expectations. The whole structure was baking HHs, but the main high was just perfectly aligning to be tested and taken out right on market open. Realistically market open often delivers strong moves, thus it was realistic to expect the whole setup to start baking strongly...then.
Sold gains for 4 R.
(binned per thread starter's request) Market bottom rotation trad
