Not posted much. Basically got in on this trendline break and sold 2 seperate lots for +77 pips and +115pips. My account was pretty blasted up to this point this is because:
I've been trying to scalp.
I've not been basing trades on trendline breaks which is what I've done successfully before.
Basically just trying to get trades opened and closed too often, closing them before TP and leaving the others to hit SL so Risk:Reward there is bad.
Left this one and it went in my favor. Hopefully more to come.
Balance back up to $47.04. I'm going to look for trendline breaks paticulary in ranges and try and keep Reward:Risk at 2:1 or better where possible, meaning I need to win 1/3 to break even.
I've been trying to scalp.
I've not been basing trades on trendline breaks which is what I've done successfully before.
Basically just trying to get trades opened and closed too often, closing them before TP and leaving the others to hit SL so Risk:Reward there is bad.
Left this one and it went in my favor. Hopefully more to come.
Balance back up to $47.04. I'm going to look for trendline breaks paticulary in ranges and try and keep Reward:Risk at 2:1 or better where possible, meaning I need to win 1/3 to break even.