A student's Set 'n Forget System Journal

Closed

Better for you: less stress.

Higher timeframes are the key, good luck

Also, if you are gonna trade in daily charts don't close your trades at 30 or 40 pips only, let your profits run more. And never forget using SL!

hey thanks for your advice .

We're in the same boat, I myself started trading daily PA just a month ago.

Its very different to 15 min charts and such, but I more and more see the value of longer TF's. I couldnt imagine, that I would take only 1 trade a day, or even less, but thats how this game is played - picking the cherrys.

I thought I am a scalper... but hell no! Just when I began to trade daily charts I've realised, that I like to sit my ass down at 23:00 and see if any PA is at my predetermined levels.
I then set my pending orders, SL, TP and I return back to my life.

Its much more convenient then scalping, and the signals are much more reliable.

I wish you a lot of patience and a cool mind. We need that if we want to make those daily charts work

So first buy stop EUR/JPY

Entry 107.293 , S/L 106.392 , TP 108.123

Closed .-170 pip

Sell Aud/usd en 1.02485 t/p 1.01455 s/l 1.03510

Sell Eur/Usd Entry 1.30785 T/P 1.30068 S/L 1.31545