95% of traders lose because they try to fight agains the trend.. trend is your friend.. forget about past positioning of daily charts .. just follow the trend.. only take opposite position when the trend is exausted.. not when is still trending.
thanks for the advice I Closed my shorts ( Break Even ) waiting for a good entry
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do not take trades every day.. only when you see a good opportunity.. the less trades you take the more chances you have to win, keep your trades long for at least 50 - 150 pips... remember that will always be corrections in trend... when trend come to its full then price will reverse.. do not follow me .. just follow your analysis. If you are correct you make money , if you are wrong you lose.
You shulda kept it, i went in same time as you +15 pips atm
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if your target is to take 10 - 15 pips when you win and lose more than 30 pips when you lose then in the long run you are losing.. your target should be much more than 10 - 15 pips.
George Soros said " it does not matter if you lose or win, it matters how much you lose when you lose, and how much you win when you win." very correct.
if your target is to take 10 - 15 pips when you win and lose more than 30 pips when you lose then in the long run you are losing.. your target should be much more than 10 - 15 pips.
George Soros said " it does not matter if you lose or win, it matters how much you lose when you lose, and how much you win when you win." very correct.
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forex dream ebook say 10 pip a day??
I have been trying to scalp using tight SL and TP but I hit Sl most of t time..better stick to my 4H tgt...
It's going to continue down and hit 167.55 before it begins to go up I believe. We'll know in the next 2-3 hours. I agree though, does look to be turning bullish. Stochastics on 1hr chart about to touch...hmm what will they do?
Bounced off the weekly open line and at strong support. To go short I'd want to see a strong move down then a retest of this area before continuing on its merry way down, if thats where its headed.
