{quote} Long Trade Result Scratch {image}
- #621
- Oct 26, 2019 11:22pm Oct 26, 2019 11:22pm
- | Commercial User | Joined Sep 2018 | 1,427 Posts
- #622
- Oct 27, 2019 2:33am Oct 27, 2019 2:33am
- Joined Dec 2010 | Status: Never Stop Learning | 7,329 Posts | Online Now
{quote} stevepatt my analysis right tack? 5M analysis intarday
Look for the first Break of Structure on M5 and drop down to M1 to look for PA to Enter.
I only Trade GBP/USD because of its Volatility and because it's the Pair I know best.
You only need one successful Trade a day +2% +2R to make more than enough money from Trading.
I aim for one winning Trade a day, if the first Trade fails I will look for another if that Fails the absolute Maximum ¬I will Trade is three.
That means the Maximum Daily DD I can have is (-3%) (-3R)
If that happens it will take two winning days to get this loss back +4% +4R
I am not a FullTime Trader so I am only looking for Trades around my work schedule, which is not ideal.
For this reason I am only Trading a Mini Account.
When I have more time to Trade I will Scale my Account up.
- #623
- Oct 27, 2019 3:42am Oct 27, 2019 3:42am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
{quote} Hi Thisara, Look for the first Break of Structure on M5 and drop down to M1 to look for PA to Enter. I only Trade GBP/USD because of its Volatility and because it's the Pair I know best. You only need one successful Trade a day +2% +2R to make more than enough money from Trading. I aim for one winning Trade a day, if the first Trade fails I will look for another if that Fails the absolute Maximum ¬I will Trade is three. That means the Maximum Daily DD I can have is (-3%) (-3R) If that happens it will take two winning days to get this loss...
- #624
- Oct 27, 2019 4:29am Oct 27, 2019 4:29am
- Joined Dec 2010 | Status: Never Stop Learning | 7,329 Posts | Online Now
{quote} m1 very hard me stevepatt
Don't be influenced by Indicators they are always late to indicate Price movement.
Structure and Price (Momentum and lack of it) is all you need.
It took me a long time to understand how to Trade M1 if you think it will help stick at it and it should click into place.
Take the Indicators off and take another look...
- #625
- Oct 28, 2019 1:33am Oct 28, 2019 1:33am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
{quote} Hi Thisara, Don't be influenced by Indicators they are always late to indicate Price movement. Structure and Price (Momentum and lack of it) is all you need. It took me a long time to understand how to Trade M1 if you think it will help stick at it and it should click into place. Take the Indicators off and take another look... {image}
- #626
- Oct 28, 2019 2:00am Oct 28, 2019 2:00am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
{quote} Hi Thisara, Don't be influenced by Indicators they are always late to indicate Price movement. Structure and Price (Momentum and lack of it) is all you need. It took me a long time to understand how to Trade M1 if you think it will help stick at it and it should click into place. Take the Indicators off and take another look... {image}
- #627
- Oct 28, 2019 8:32am Oct 28, 2019 8:32am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
GBPJPY Runing Risk 1%+10%
- #628
- Oct 28, 2019 7:44pm Oct 28, 2019 7:44pm
- | Commercial User | Joined Sep 2018 | 1,427 Posts
missed setup
- #633
- Oct 30, 2019 3:01am Oct 30, 2019 3:01am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
late setup
- #636
- Oct 30, 2019 8:59am Oct 30, 2019 8:59am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
{quote} Stopped out for -1%
Nikl take 1st entry targert 30pip good i think your entry late...reversal 1st setup h1 h4 level targeting paste
- #638
- Oct 30, 2019 2:49pm Oct 30, 2019 2:49pm
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
- #639
- Oct 31, 2019 2:10am Oct 31, 2019 2:10am
- Joined Dec 2010 | Status: Never Stop Learning | 7,329 Posts | Online Now
