Friends, if you had a template of the 21, 4, 3 and you also had a template of the 8, 3, 3; would you even have considered this NICE looking trade on the above chart? Both are showing a TC clearly to the downside, however only one of them is showing a reversal to the bullish side.
Aren't we all glad to have the advantage of 1 minute charts?
Despite slow movements, I was able to take some risk off a trade. I began this trade with .05 lots, I took .03 off at .85. It's all gravy from here on out. I may add a position at .80.
Last night I spotted an OB on the 1H NJ. I watched the 30 minute as long as I could. This beauty would've netted someone a good 2R. I plotted 2 entries with green lines. Either would've been fine.
I promise to never get angry when I lose a trade. I promise to never brag when I win a trade. I promise to help any fellow trader who may be struggling with their trading. I promise to always listen.
I promise to be a good ambassador with my profits. True leaders serve others. As long as I'm serving others, good trades will get my attention.
I promise to follow my rules as they are stated. I will never risk more than 3% of my capital in any given day. I promise to never risk more than 1% on any given trade.
Questions worth noting for my progress.
What must I do to be ready for the next 20 days of trading?
What book on trading or personal development am I currently reading and what book is next?
What 5 people am I hanging out with the most, are they a good influence on me, is that ok?
What are my daily goals in pips, weekly, monthly?
Is my internet bill paid up?
Do I have a trading checklist? Is it being followed? Does it need to be tweaked? Do I have distractions while trading? Is that ok? Do I note high impact news events? Is that affecting my trading? Do I have a Constitution for my trading and is it in writing and do I recite it daily?
Am I on track for the next 12 months of forex trading? What must happen to put me on the track I wish to be on? What are things I can be doing to keep me on track? What things am I doing to build my personal patience, confidence, discipline, FAITH and other character traits that would get me where I want in my trading endeavors?
When will I be financially independent? What must happen to get me there? Who can help me get there? Can I do this alone or do I need help?
Friends, I believe the right questions can give us power and direction. I also believe crappy questions do the opposite.
Merry Christmas to all my fellow traders.
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Joined Mar 2018
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Status: Trader
|682 Posts|
Online Now
Hi Renofaith, i just stumbled on the thread today, i have read the first page, and i would like to commend you for a great job. I'm still new to forex because i have not gotten enough time for it. I know you have added some other features to the system, but i would like to know if the original system from first page is enough to trade profitably
Hi Renofaith, i just stumbled on the thread today, i have read the first page, and i would like to commend you for a great job. I'm still new to forex because i have not gotten enough time for it. I know you have added some other features to the system, but i would like to know if the original system from first page is enough to trade profitably
Ignored
Thank you for the kind words dele5000. Everyone at some point is new at forex. I was new at one time.
In answer to your question, you can use the information on page 1 to generate pips. I love the strategy. I still trade the 1H, 4H, and other time frames. I have made a strong shift to Divergence trading. This is also mentioned on page 1.
Welcome to the thread, I wish you the best. Please do not hesitate to ask any question.
