Hi Jacko,
I have recently stumbled upon your thread on this forum. Thanks a lot for your help. I have realized on my own that to trade only according to trend is the only way to see consistent profits. But after reading your posts I have refined my method. I started using trailing stop and try to trade longer term, also I tried anti-hedging technique which works brilliantly. Before knowing it, I would usually allow a huge drawdown which hurt my mindset and emotions very badly. http://www.forexfactory.com/images/icons/icon8.gif
The only thing that I have to incorporate yet is trading longer term. I have read somewhere in your posts that you trade only two times a week. Given that you do not follow the market all the time, how do you manage to do correct enries and exits? Do you use TPs?
Thanks in advance for your help.
I have recently stumbled upon your thread on this forum. Thanks a lot for your help. I have realized on my own that to trade only according to trend is the only way to see consistent profits. But after reading your posts I have refined my method. I started using trailing stop and try to trade longer term, also I tried anti-hedging technique which works brilliantly. Before knowing it, I would usually allow a huge drawdown which hurt my mindset and emotions very badly. http://www.forexfactory.com/images/icons/icon8.gif
The only thing that I have to incorporate yet is trading longer term. I have read somewhere in your posts that you trade only two times a week. Given that you do not follow the market all the time, how do you manage to do correct enries and exits? Do you use TPs?
Thanks in advance for your help.