feels like forever since I have posted but in that I have been doing some thinking and noticed that I have been chasing something that isnt gonna happen and realized that losses are part of the game also that my winners were not big enough to make my account grow so here is a revised trade. Basically everything I have been trading just on bigger TF since I do not have time to trade the shorter TF.
at the open a 4hr doji showed and because of the gap I took a long at 1.29 with a stop at 2875 set a trail at 35 pips and woke up to 44 pips this morning. was looking for 1.30 and at the close of NY almost hit was about 5 pips off that. So I read this one pretty well. My risk to reward was better than 1:1.5 so I can take losses hitting winners like this.
Plan on trading more of a swing TF as Im just not trading
at the open a 4hr doji showed and because of the gap I took a long at 1.29 with a stop at 2875 set a trail at 35 pips and woke up to 44 pips this morning. was looking for 1.30 and at the close of NY almost hit was about 5 pips off that. So I read this one pretty well. My risk to reward was better than 1:1.5 so I can take losses hitting winners like this.
Plan on trading more of a swing TF as Im just not trading