was looking at taking these trades for some quick pips then got distracted.
should have had the power of conviction to go with them, but as they were higher risk trades, waived a bit, then got distractewd and missed the entries anyway. But these are definitely the types of setups i will be looking more at. I find holding trades for long very difficult on a small account as i want to see the P/L realised so i see the account balance grow. I don't like seeing 100pip profit retrace on me even if it is then going to go to 300pips if i had the patience.
so will be doing some testing on scalping of the 4hr charts using J16 setups.
most jpy pairs - daily beob but on 4hr - IB off the 61fib
see example charts. some good pips to be made quickly
should have had the power of conviction to go with them, but as they were higher risk trades, waived a bit, then got distractewd and missed the entries anyway. But these are definitely the types of setups i will be looking more at. I find holding trades for long very difficult on a small account as i want to see the P/L realised so i see the account balance grow. I don't like seeing 100pip profit retrace on me even if it is then going to go to 300pips if i had the patience.
so will be doing some testing on scalping of the 4hr charts using J16 setups.
most jpy pairs - daily beob but on 4hr - IB off the 61fib
see example charts. some good pips to be made quickly
Attached Image(s) (click to enlarge)
