Totally missed it, but I took NU, 1H
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DislikedThe entry was late, but I took it at the same level, so it is the spread differenceIgnored
Disliked
I've said it before, and I'll say it again. Pay attention to the system that FX PRO started with. It produced 80% positive results for 2 years.
DON'T MESS WITH IT !Ignored
DislikedI guess you mean a 80% win-loss ratio.
I would like to ask FX-Pro if he feels the 200 EMA has improved the system.Ignored
DislikedI guess you mean a 80% win-loss ratio.
I would like to ask FX-Pro if he feels the 200 EMA has improved the system.Ignored
DislikedExit : - Its Up to a trader to decide depending on his/her risk, I personally close After the price closed below/above the 12 EMA or on a reversal or support/resistance etc...Ignored
DislikedOkay, say we can expect around 80% winning trades to 20% losing trades. That's awesome, but it's only half the story. What about the TP:SL ratio?
Your TP:SL will, of course, depend on the trade setup and how you manage the trade until you close the position or you're stopped out. However, I get the impression that a lot of people are happy with a TP:SL only a little better than 1:1. This is going to hurt during periods of drawdown, no question.
Furthermore, I always see people raving about how many pips they've made on a single trade, but if...Ignored
DislikedProfits tend to be given by market conditions. For example on the NZDUSD trade I took, reversal candles started to appear, so it was wise to take some profits. I closed half position and put the stop at BE. I am more of a trend follower, but you have to adapt to what the market is throwing at you.Ignored
DislikedFX-Pro,
I have been watching this thread for a while now as your trading is like my own. I have been trading for about 4 years now and had a go at almost every style of trading you can think of, i finally settled on a Trend Following approach using pullbacks to MA's and SR on the 4h charts as my approach.
I use slightly different MA's than you do and entry criteria but the general idea is the same. All i am looking for is price to start trending then pullback to an MA or SR then get in the trade along with the trend.
I just want to congratulate...Ignored
DislikedExcellent....
Keep up the good work...
Don't give your money to the market....please move your SL to BE & keep going...
Good Going...!
FX-ProIgnored