GBP/JPY M5 Short Trade
Stop Loss is at BE +1
Stop Loss is at BE +1
Renko line in the sand 294 replies
Line in the Sand 106 replies
Line in the Sand Part 2 4 replies
Disliked{quote} GBP/JPY M5 Short Trade Result (-1R) (-10) Pips I don't have the luxury of being able to take every Trade that sets up. For this Method to work long term taking all Setups is essential for long term EDGE. {image}Ignored
Disliked{quote} This demonstrates my point about being available to take every Trade that sets up around Frankfurt - London - New York Open. There still Buy Orders sitting around the 141.000 RN that the Big Boys wanted filled before the Market was free to move higher. This is why we need to take every Trade because we don't know what the Big Boys have planned until we see it on the Chart. If we did know we would all be rich {image}Ignored
Disliked{quote} Steve....i wanna try this Can you post your template or email it to me. Can i do it on higher tf?? H1 h4 or daily. JasonIgnored
Disliked{quote} Hi I had a look at your thread and it looks like you generally find the right direction which is good, but I still maintain that your stop is too tight for your method of determining an actual entry. The way I see it, you either should increase your stop to allow more wiggle room which is the easiest solution, or/and improve your actual entry point. I've attached a chart of your latest entry and shown where my entry would have been if I had chosen to trade at that stage. You can see that coincidentally in this case, that a 15 pip stop would...Ignored
Dislikedimage.png;2153948 sorry the quality but that's I can do from my work place {image}Ignored
Disliked{quote} Hi Landline, Thanks for your insight. Sometimes the Market Setups for what I see as a Trade Entry but the Big Boys have other ideas. Like yesterday there where Buy Orders sitting at a lower Level (142.00 RN) that needed to be filled. None of us know this before the fact unfortunately, I've marked on the Chart, below, where I would have entered other Trades had I been around to take them. {image}Ignored
Disliked{quote} Yeah..., no one can be sure what is about to happen, it's about probability mostly, and opportunity to trade, which I realise is not always available to some. Nevertheless, in your case for example. it would be advisable to forget m5 I'd have thought given your obvious lack of opportunity to trade. I'm going to assume that you have a window of trading opportunity to scan the chart between 5am and 9am, and that being the case, then by looking at the h1 chart for example in that window of opportunity, would have revealed to you today 2 very...Ignored
Disliked{quote} Hi Landline, Thanks for the input. I know I could move up the TFs, this works on all TFs, but it also, for me at least, comes down to the amount of time I spend exposed to the Market. I used to Trade D1 and H4 and I could spend days waiting for a Trade to Setup I would enter a Trade and could be waiting days to gain closer to 1R rather than 2R. My money would be tied up within a Trade for days now it's an hour or so at most. I know H1 would be that much quicker and I will keep an eye on it going forward. I'm only Trading a small account...Ignored