Breakout London Timeframe

You must always be choosy on what pairs to focus.

no point jump here and there.

FOCUS

That is why I only long GU and short UChf.

I don't want to over expose too much in same currency.

be a choosy person.

Very late here.

Green pips to all who trades New York session.

Monokl,

How do you track so many pairs at once?

Hi liquidbread,

I will click one by one from my desktop.
every morning without fail.
manually

From then, just pick the good patterns

It's a very fast process.

you will adapt to it once you do it every day

2 and half hour, London market open.

can't wait to make some great pips

Does past price will affect today price?

We trade is now. What we will get is future!

do we really have the edge?

Protect the capital flow wisely.

Don't risk more than 1%of your ready capital. (For beginner)

You can always increase the risk appetite after you manage to perform consistently. Remember the word 'CONSISTENT'

How long to get consistent?

the answer is depends on yourself.

Greed and fear are the main factors determines my success

Remember not to trade also part of your trading strategy.

you must know when not to trade like now, coming to London session

Before you open positions, you must know what is your risk and reward.

is it worth?

or is there any better pairs with good R:R?

if you can't find any, then you are better stay away.

DON'T RUSH TO TRADE

6 am London time.

another one hour where the price going momentum

beware of fakeout

perhaps a pause in development, stubborn on some pairs. let they resolve that issue and we move on.

second is the jpy structure. bull.

frankfurt in 45m
and laandan in 1h 45m

Another good insight

Some one ask me about risk and reward.

answer:

what is is your setup timeframe?
like my case is H1, of course my reward is around 30-70pips. Risk - I manually close it around 20pips(max).

I really don't have concrete answer for risk and reward.

it really depends on your setup timeframe.

Of course you don't put risk 50pips but reward 10pips

or risk 150pips to get reward 20pips ( which I did it when I was still in baby)

For beginners:

Must read a LOT! Never stop learning!

www.Babypips.com Best resources to know what Forex, How it work, and many more...best thing is that it is FOC...no need to paid a few hundred USD just to learn the basic info

Learn Price Action include the candlestick pattern, price formation, high Low

Support & resistance - must go depth on what is S/R, how to draw it....

Moving average Method = learn how to use it, when to use it,

Finally, Combine all together with your MONEY MANAGEMENT & SELF MANAGEMENT (include your devoted time for FX/ psychology/ Your behavior pattern when trading)

Demo Trading until you can feel the flow of the certain pair. Must have consistent profit! No shortcut!

FINALLY, GO TO LIVE TRADING