Disliked{quote} You mentioned yesterday that you observe 1 minute chart and you will close position immediately if price turns against you. Do you mind sharing some visual/example of how do you do it exactly. What are you looking for? When you close? thanksIgnored
I enter when I notice the price is going to a target or better said when I am convinced that the MM is targeting the liquidity of a certain level. I never aim the full distance toward this target, because many times the motherfuckers are going 1-3 pips to the target and then they make a sudden move in the opposite direction in order to take out the weak holders. So sometimes I aim to 10 pips, sometimes 20 pips, it depends on the market conditions or better said how I perceive the market conditions. And I adjust my position size accordingly. Also, when I have some space, like 20-30 pips, I try to add to my winning positions toward the target, but I dont add when I am like 5 pips to the target, it makes no sense.
I also want to make it clear that I am not a millionaire from forex.
Cheers,
B
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
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