DislikedIm currently
9 positions; unrealized 2200+ pips
21 breakevens (mostly on 5min)
18 losses; Average 21 pips loss per position, total just over 380+ pips.
Current r:r if I close 1:6. This is not great and I wouldnt even consider it.
The only reason Im currently ahead of the group is not because im a super trader but:
1. Im not in a rush
2. I keep things simpler
3. Hindsight is working to my favour
4. Profit taking is stretched out
I have to admit, I could have been super aggressive and stayed...Ignored
Could I please ask a couple of questions.
1, Is there a reason you prefer bodies to wicks for resistance? I know its all relative but i'm interested if there is an advantage to using bodies?
2, What would happen next week if price bounced at a level you did not anticipate i.e. 60% or 20%? What i'm trying to say is do you only trade in specific areas or are you more flexible?
Thank you I am learning so much its untrue!
Regards,
Ben