The London Trade

Morning Sammih

1:2

Afternoon seahorse, which direction is your trade?

another way to look at it

Short side

I got in way too early. Bands are very tight but they look like diverging now, MACD is long, MA cross is long, stochastic looking up. TDI undecided. Lets hold on a bit here.

And can be valid also your view

Meanwhile may be I can grab some pips in the short side (15 and 30 min)

In the meanwhile, price broke the 46 level, lets see if continues.
News after US open will move Cable

So today was a loss day, the TDI was short all day but I held onto my long position. I should have waited for the TDI to confirm long. I did reverse when the bands showed a bit of volatility.

What a day!

Im looking to short again, but for that I need a better price.
Maybe tomorrow after UK open, if not I will wait patiently to see what happens.

I see you're still on the battlefield, you are brave.
Good luck Sammih and green pips

Yesterday was a funny day. I held long for so long but price was in a range. Then when volatility increased and set ups were short, i reversed my trade. Later in the evening, for no unknown reasons,maybe i got impatient, I reduced my position. Two minutes later, my TP was hit. What a day!
Today.im back long. All my signals are long, so here goes....
TP at 1.4675

Yesterday was a funny day. I held long for so long but price was in a range. Then when volatility increased and set ups were short, i reversed my trade. Later in the evening, for no unknown reasons,maybe i got impatient, I reduced my position. Two minutes later, my TP was hit. What a day!
Today.im back long. All my signals are long, so here goes....

TP at 1.4675

Morning.
I'm short again near the yesterday price.
Trying 1:2 again ... lets see what market gives me.

Long the GBPUSD

Looking at gold. I'm bullish on this pair at the moment but i don't know what this bar could spell for me??

Position Sizing and Money Management

This is an remarkably important part of this trading system. A good position size has to be determined based on your profile and risk appetite. I recommend using a true leverage below 10:1.
I use fixed fractional on a weekly basis basis with a true leverage of 40:1. Thats 500:1 on 10% of my account.

My stops wont be more than 60 and my targets are between 30 to 120 pips based on circumstance.

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From someone who programs systems on MQ5, I wanted to ask how you handle multiple losers in a row. Is your profit target more towards the 120pips mark but ends up been 30pips if one of your exit trade criteria occurs? Because when i have used this take profit amount in some systems, they end up going through times of drawdown due to making 30pips and losing 50 or 60.

Side note - love the way you structured your post.