Ok... Friday was a very bad day and lost most of the pips which i earned last week.... It is very bad to trade without stoploss...
I have decided to change a few things in my plan...and will follow this in coming week...
1. Trade only in 1 hour charts looking for MTZ and CSM strength with an eye on Supply/Demand zones.
2. Use the alert feature of MTZ to monitor more pairs.
3. Set the StopLoss to the pip where the PTZ will get negated fully.
4. Look for 30 pips TP. As it is one hour TF, I hope it is feasible but have to look at the ATR of the pair.
5. There won't be much trades on a daily basis but I hope I would get atleast one chance a day as i have many pairs to monitor.
Let us see how it goes next week....
I have decided to change a few things in my plan...and will follow this in coming week...
1. Trade only in 1 hour charts looking for MTZ and CSM strength with an eye on Supply/Demand zones.
2. Use the alert feature of MTZ to monitor more pairs.
3. Set the StopLoss to the pip where the PTZ will get negated fully.
4. Look for 30 pips TP. As it is one hour TF, I hope it is feasible but have to look at the ATR of the pair.
5. There won't be much trades on a daily basis but I hope I would get atleast one chance a day as i have many pairs to monitor.
Let us see how it goes next week....