james16 Chart Thread
Have a great weekend everyone!
Hello!
Have to ask about this thing which iīve been thinking a lot..
Usually pinbars appear at the same time in many pairs, do you qualify only 1-2 of them, or do you trade them all?
It depends on location and everything, but letīs assume that every pinbar would be tradable.. Do you risk x% on every pinbar or do you use total risk x%.
Itīs hard while many pairs correlate each other so if one fails so do many others, and if you used x% risk on every pinbar, loss is too big for human mind
Hope someone can give me advice to this...
Usually pinbars appear at the same time in many pairs, do you qualify only 1-2 of them, or do you trade them all?...
There are pros and cons for both approaches imho. .
...If you spread out your trades across several pairs, you will expose yourself to less risks than from a single pair, but you'll have to manage heavily
Itīs hard while many pairs correlate each other so if one fails so do many others,
I posted the 4 hour a few posts back. I still can't see where the GBP is heading. Here is the daily
it's difficult to predict where price is going, all the time.
we just have to try to be prepared & act accordingly, when an opportunity comes.
also, we can come up with possible scenarios. this way, we can be better prepared.
