I opened a long position due to two recent higher highs on H1 ... I should add if the up move continues ... If the price goes below 1.3160 I will wait for the next opportunity to arise in H1 or H4
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DislikedI opened a long position due to two recent higher highs on H1 ... I should add if the up move continues ... If the price goes below 1.3160 I will wait for the next opportunity to arise in H1 or H4 {image}Ignored
DislikedTrade Entry @ 1.3320 --- SL @ 1.3310 Note that the arrow is not the trade entry it's the reason of entering {image} Update... New Low established in m15 ... don't want to see price go lower than that so SL was put below the low new higher high in m5 gave me the confidence to move the SL higher SL @ 1.3313 TP @ 1.3350 --- 30 pips {image} Update... TP hit {image} Should I have stayed longer? I should take a note of how much the position will go in my favor before coming back to BE (If it ever comes back to BE)Ignored
DislikedTesting a pattern in H4 with small position {image} Update... Nice Bounce from the support on H1, Let's see if it will rebounce from the resistance support/resistance shown by red lines {image} Update... - Would have liked to see the H4 support break severely which it didn't happen and the price went up to the resistant line shown in H1 - Price had the chance to break the resistance in H1 which it couldn't (I would not like to give it another chance) - Price revisited the this week's open (H1 resistance also)(shown by the blue line in m15) - on...Ignored
Please keep in mind that this is only a draft to TEST the millipede concept. The EA is not programmed for the real market situations.
Also I have not paid enough attention to the data integrity for a proper backtest.
This is only a rough estimate of the Millipede concept.
EU 2013.03.04 - 2015.02.02
I have found that I'm a perfectionist. So I try to read everything I can about anything before trying it myself. I like to know that I'll be successful before hand. But this being the market , knowledge is not enough. Experience plays a large roll in one's understanding about the market. I come to find that this, also is true about my life and how I live it. I tend to read too much about stuff instead of experiencing it.
Therefore I'll start trading once more to gain experience. Obviously I'll be paying attention to Supply and Demand and will be trading off these zones.
I will be trading a live account because when it's about real money everything about my trading changes and Fear/Greed kicks in. I'll start with very low lot size (1 cent per pip) and as I progress (hopefully) I'll increase my position size. I'm thinking:
IF profit in one week > 100 points ---> increase lot size
IF loss in one week > 100 points ---> decrease lot size
points = normalized profit or loss based on position size