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
Dislikedlooks like the spread is 5+ pips.... man i cant take this... i will not trade if see a spread more than 2.5....Ignored
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