Wasn't it too risky to enter with so little context? I saw that the previous candle was indecisive.
Wasn't it too risky to enter with so little context? I saw that the previous candle was indecisive.
These kinds of mistakes are the ones that teach more than any course.
Do you have any minimum risk/benefit ratios that you respect? That trade had enough travel to cover 2:1.
@random user 13 Yes, I try to make every operation minimal 2:1. But I recognize that sometimes I force scenarios just to reach that ratio. Today was one of those cases.
Sometimes the problem is not the ratio, but to force an input just because the TP is good.
Good diary. I like how you explain the reasons behind each decision, not just the result.
Do you plan to backtest your setups to validate the odds well?
@random user 17 Yes, in fact I have 6 months of manual backtest made with FX Replay. But the diary is to tune the execution in real time. Backtest is the map, the diary is the practice.
Many get the paper, but when they operate in real they throw everything overboard.
It's weird to see such an honest diary with realistic goals. I wish you constancy.
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