Jogjatrader,
I only trade the european session. Like I said before getting 10 pips daily is my goal for sure.
I need to learn how to hold my position longer for bigger pips like you're getting.
I still need to learn(a new technique) the Sidus Method on the 1hr chart; because right now, what I'm doing is I'm combining my person experience with your 80% and 20% William Range rule and I'm getting great results.
What I haven't done is learn the 1hr Sidus Method yet. So, I have to learn that so that I can get more pips out of my trades.
Other than that, I will just keep doing what I'm doing.
One thing about it, the market may change, but there is one thing that never changes, since the beginning of time; and that is turning points. There are certain patterns that WILL NEVER CHANGE; and hasn't changed since Japanese traders started trading Rice to become wealthy. With the pattern I use, it works 3 times, or maybe 4 times, every week. There's one or two days during the week where it doesn't work because there's no signal. But, such is life.
I concentrate on one pattern only and I wound up loving it to death...
ct
I only trade the european session. Like I said before getting 10 pips daily is my goal for sure.
I need to learn how to hold my position longer for bigger pips like you're getting.
I still need to learn(a new technique) the Sidus Method on the 1hr chart; because right now, what I'm doing is I'm combining my person experience with your 80% and 20% William Range rule and I'm getting great results.
What I haven't done is learn the 1hr Sidus Method yet. So, I have to learn that so that I can get more pips out of my trades.
Other than that, I will just keep doing what I'm doing.
One thing about it, the market may change, but there is one thing that never changes, since the beginning of time; and that is turning points. There are certain patterns that WILL NEVER CHANGE; and hasn't changed since Japanese traders started trading Rice to become wealthy. With the pattern I use, it works 3 times, or maybe 4 times, every week. There's one or two days during the week where it doesn't work because there's no signal. But, such is life.
I concentrate on one pattern only and I wound up loving it to death...
ct
congratulations again CT
you have disciplined yourself to get rich slowly, remember!! always be flexible, look for opportunity. You havent ride the big wave yet, someday you will, i have repeatedly earn 25 to 33 pips both on european and american market, the secret is you have to combine your trades at same direction to sidus method on 1H chart, meaning try to hold trades that have the same direction to the trend
on uptrend at the lowest price possible near the low on asian market, open buy position try to hold it untill european market open or even for the rest of the day, instead of taking profit you can set sell stop at your buy price yes exaclty the same price (doing this you just secure your buy position, coz if the market turn back it will hedge your buy position, if your broker allow you to close hedge position in single click you are save, cos when buy position closed by sell position at the same price you get 0.00 pips that means no trade)
do the opposite on downtrend
well, if you just secure your position you can watch your profit growing as the trend find its way.....usually profit 45 to 50 pips on single day
try this on your demo acc first, if you understand the cyle than off you go my friend, but be careful just one trade at a time......if you succeed you just evolve from scalper to day trader
i just scored 12 pips in less than 5 minute on first retracement after nonfarm payroll news from sell 2.0388 TP at 2.0376
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never take more than you need.......
market will love you
