My "system" -if I can name it system is like this:
It is a high leverage, trend following , price action system ) Name it better if you can, and this is my favorite currency pair.
Marked with 3x up when I would enter in trade, and 1x down when exit if I would trade only on chart and wouldn't see the FF's calendar with event results, news, so only the chart part.
In the latest weeks I wouldn't do any short, I would stay away from market instead.
In practice I did a hard short and now I recovered that looses...but leak of discipline...
How should be this system vs this PI like system?
On strong long entry I would use 30:1 leverage ( my max at Dukas, because of weekends).
In this case isn't any day a trade day, or should look at 4h, 5 min chart to "do something", but lets stick to plan: I would stay out ASAP the trend gives signal it is moving counter trend and once the pulllback is coming back I would enter enain in trend direction: not a single counter trend trade.
It is a high leverage, trend following , price action system ) Name it better if you can, and this is my favorite currency pair.
Marked with 3x up when I would enter in trade, and 1x down when exit if I would trade only on chart and wouldn't see the FF's calendar with event results, news, so only the chart part.
In the latest weeks I wouldn't do any short, I would stay away from market instead.
In practice I did a hard short and now I recovered that looses...but leak of discipline...
How should be this system vs this PI like system?
On strong long entry I would use 30:1 leverage ( my max at Dukas, because of weekends).
In this case isn't any day a trade day, or should look at 4h, 5 min chart to "do something", but lets stick to plan: I would stay out ASAP the trend gives signal it is moving counter trend and once the pulllback is coming back I would enter enain in trend direction: not a single counter trend trade.
I want to buy PATIENCE