DislikedHi IB,
Did you take AUDCAD with your setup today? If so did you take it based on hourly PP or breakout of the D1 engulfing?Ignored
However since my participation at this blog, I had 6 trades, 4 losses, 2 wins,
+5 pips total. So today I spend most of my time working on charts so I could improve and I come to the conclusion which you already mentioned that is important to trade in the direction of the trend. Also I find that is important
to enter at a certain levels to avoid the possibility to get stopped out and seeing the trade go in your initial direction.
I have attached a pic of usdjpy, where I have entered (red X) and then stopped out and where I should have entered (arrow down). Of course this way I will miss a few trades, but I think I would enter better trades.
As soon as you enter some trade please post them, I would like to see you in action.
IB