Psych Levels, Pivots, and Trendlines - Resurrected
{quote} I would not had taken that trade, but you also have to remember not all trades will work out.. This is why your winners have to be bigger than your losers.. Keep practicing.. Michael Jordan didn't become Michael Jordan overnight.. He had to practice over and over..
There is plenty of short term trades, 5-6 pips, with at least 1 to 1 RR, but spread makes it impossible to trade, if you have 0.4 spread, you can make it work. I post charts from m1, but you can open any TF, daily, h1, and find the same set up, as I have on m1, order flow is the same on any time frame. Don't make rocket since and keep it simple stupid, and you will make money. I am done for today, have a nice pips, enjoy your life, be happy {image}
You mean, price doesnt reach the 61.8 fibo? So you dont take the trade? {image}
( you can boost your RR)
{quote} stechi no 61 pull back Set of rules which I engage to every trade I take, even if I don't have at least one point of my cluster, i skip the trade. It is to much to explain, you can find it your self, trading plan, MM, consistent trading and stats.
{quote} Hi monocor, i'm following this thread as you are also trading ratios and harmonics like mr.Pip who you already know, just curious for your entries like on 61, are you waiting some bar by bar confirmation or you are entering without confirmation, just on zone ? As on m1 chart waiting the bar by bar confirmation could already killed your R:R
