Its important you guys understand how market works in general. We got Feds minutes tomorrow then NFP fri
USD is being priced in and most likely will get dumped 1st wave after Feds minutes 2nd wave after NFP (most probably)
So you should be aware of calendar and trade accordingly.There are opportunities to trade none USD pairs like EC EG were great today.You dont need to trade USD when we got serious events if you dont know what you are doing. Stay focused!
In trading, you have to be defensive and aggressive at the same time
Reduced my pairs to EG, AU, GU, EC, AC, UC. Still work and I want to concentrate and just narrow down. Got to push myself to make this real boring and just instinct.
Flat for now. Handful of pending to try catch some extremes if news spikes...
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Very nice results.
There was a question whether this is LIVE or DEMO. I'd be quite interested to know what your TP, SL,RRR - general style is like. Those blue lines are S/R ? Thanks for the explanation.
Its kind of both, I had a run in with issue with tradersway where my now 6k account is was. Moving to tickmill as I was being off quoted end of year.
Belows a demo being copied to prop firm try out.
Blue line just the daily open. I make it fairly thick.
Positions are 0.10% risk split over 2-5 positions on 1 pair. SL between the 100-161. TP 30 if it was just a 1 trade or 30-60 if its a number of positions. Hope to try get more out of it as I mature with the method.
Finally taking on-board position sizing being small, 100% before xmas my position sizing was off. Trying slow the pace way down to make trading boring. I was using 1% a trade. Also reduced my pairs from 20 pairs to 6.
Its kind of both, I had a run in with issue with tradersway where my now 6k account is was. Moving to tickmill as I was being off quoted end of year. Belows a demo being copied to prop firm try out. Blue line just the daily open. I make it fairly thick. Positions are 0.10% risk split over 2-5 positions on 1 pair. SL between the 100-161. TP 30 if it was just a 1 trade or 30-60 if its a number of positions. Hope to try get more out of it as I mature with the method. Finally taking on-board position sizing being small, 100% before xmas my position...
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So as I understand it, do you have a negative RRR. Thx
Its kind of both, I had a run in with issue with tradersway where my now 6k account is was. Moving to tickmill as I was being off quoted end of year. Belows a demo being copied to prop firm try out. Blue line just the daily open. I make it fairly thick. Positions are 0.10% risk split over 2-5 positions on 1 pair. SL between the 100-161. TP 30 if it was just a 1 trade or 30-60 if its a number of positions. Hope to try get more out of it as I mature with the method. Finally taking on-board position sizing being small, 100% before xmas my position...
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Was wondering if you could share your Pivot Point indicator, as I see that's mt5? correct? If yes ,if you could share would be very grateful.
I'm not a strict believer in positive RRR, but that ratio is big for those positions. But I understand that you want it to breathe again and not kick you out right away, which is why there is often a turn of even just 20-30 pips, which is what you are targeting, if I understand correctly.
