Hello everyone thanks for nice strategy Laura T. i try this learn, 8 years lost money..
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Disliked{quote} I don't think your money management was the issue here. I think the issue was bad luck. The setup was fine and, if you look at the 15m chart below, you'll see it was just bad luck that you had chosen a timeframe where the channel was going from one side of SMA to the other. {image} P.S - it did just hit Yesterday's HighIgnored
DislikedLauraT, the first start for trading use one pair to learn? please advice.Ignored
DislikedHi Mik, I dont know where you entered on the first 2 images but on the last one which you circled its very choppy price behaviour. On top of that it is not a Channel failure as the bands never touched or partially crossed the 200SMA. RSI is 45 ( look for 40 or below) for shorts and Dashboard ( bit less important) is showing M1 and M5 green. So taking all this into account I wouldnt have entered this trade. As Laura said, have a look at M15 to see the "bigger" picture or better, sit on your hands.. There will be a lot of opportunitiesIgnored
DislikedHi Laura, you've said before that you may often exit trades partially to let runners run. Do you hold positions overnight? If so, how do you manage the trades, do you rely on your emergency stop or do you tighten it?Ignored
DislikedGood Morning Laura, hope you are well and keeping safe. On average, how many trades a day would you say you make and roughly speaking how many of them are profitable? (Just trying to get an idea for R:R, frequency etc) Thanks WIgnored