Just testing this stategy.Here is what I get today.
Something to explain:
1.some of the trades didn't TP at 5pips,maybe 6-8pips,I think that's ok,thought that's not what tk5's suggestion
2.still being careful,so I trade in 5k(0.05lot) in a time
3.about SL,I didn't set a SL,but I agree to set SL in your mind,for example,the former swing top / bottom in 15M
4.MOST IMPORTANT,a good entry is the key to win a trade with this stategy. You don't even need SL at all,if you entry at a good price(right position),because it will be so quick to close the trade.So this is the exactly right thing we should discuss here.I follow some rule what tk5 told,it works,but you must analyse before you get in.I mean rule 50%,feeling (analyse ) 50%.Maybe we should work harder to make the rules more clear,so that we can get higher rate to win.
Something to explain:
1.some of the trades didn't TP at 5pips,maybe 6-8pips,I think that's ok,thought that's not what tk5's suggestion
2.still being careful,so I trade in 5k(0.05lot) in a time
3.about SL,I didn't set a SL,but I agree to set SL in your mind,for example,the former swing top / bottom in 15M
4.MOST IMPORTANT,a good entry is the key to win a trade with this stategy. You don't even need SL at all,if you entry at a good price(right position),because it will be so quick to close the trade.So this is the exactly right thing we should discuss here.I follow some rule what tk5 told,it works,but you must analyse before you get in.I mean rule 50%,feeling (analyse ) 50%.Maybe we should work harder to make the rules more clear,so that we can get higher rate to win.
Alyle
1