Thread: Two trades per day limit

Many traders find that, many dificult part of trading would be discipline.And really there are numerous traders that makes a lot of trades with no real reason(overtrading/gambling). I discovered that resently I have been increasingly doing this as well. And it do not improve my trading results.It is a poor habit people and needs to be replased with a fantastic habit, right? Overall I am from intra day trader to long and very long term trader. There are some trades that last for longer then half year and there are no problems with that kind of trades. But angoing intraday trades I'll be making a silent chalenging desision to restrict amount of trades to two trades each day.And no matter what's outcome of them(feelings do not rule my actions right?) , two trades and basta, I am locking my offise(closing my laptop). And even more important it doesen`t mean I have to take two trades, it's okay with a single trade or no trade. There needs to be some practical good looking oportunity prior to trigering the button. I'll be using just one egy for trading wich is some thing from Craig Harris method'natural market flow'. (I am using it out of free material aviable from internet and I have no any means to promote anything. There are also a thread onnigeriaforextradingabout this) And surely I will trade it as I understand it. I'll be using no larger then 20 pips SL and there will be 20-35 pips TP. Sure it's natural that volatility may have impact for the size of it and it may variate. I'll just trade eur/usd. Time frame 15min. I will post my results in pips whatever they are. It is not a signal servise so I will most likely post it after the fact or when I already am in a trade.After the transaction is open I will wash my hands and leave it up to the market,except that if tp is then 20 pips I will move the stop to breakeven and 2 pips once in profit with 20 pips.It will be finished by multi purpose trade supervisor ea.Wish me fortune .

Several important things for myself/anyone curious to pay atention prior to any trade

1 Aware of the news. Don't open a trade a minimum of 30 minutes prior to any important news reliese.FF calendar indied in red.
Two Tokio chanel. Trades must go from the Tokio chanel resistance/support lines not into them, meaning that there needs to be some room for the transaction rather than to leap in the wall.
3 Opening price close as posible to swing low/high. Better entrance.
4 Price chould head from consolidation, power of break out
5 Stoch indior agreement. It needs to have some angle to not be flat.Simply must have yellow color not reddish.
6 Trading time.From 06gmt- 16gmt. No trades at time from this period



Some clarifiion.

Tokio chanel is time period from 22gmt-04gmt. Low and high of the time is resistance and support for the day to pay atention for.The range of the chanel chould be at least 40 pips to become important.
Stoch indi is set to 8.3.3
Rules in crimson is vital, in black just recomendation.

EDIT I have mooved to higher time frames or trade this manner anymore

Only sold in 1.2450 sl 20 tp 30pips, commerce in the resistance of Tokio chanel.Red line.

Originally Posted by ;

Just sold in 1.2450 sl 20 tp 30pips, commerce in the resistance of Tokio chanel.Red line.

TP was reached, therefore 30 pips in. I have my half of transactions posibble per day employed.

Just sold again at 1.2401 sl 19, tp 21pips

that there are still some space until support so after some retarcement it may be a good sell. Tp at pivot. I like the freedom of my desizion to take only two transactions per day. And now whatever the result will be I'm achieved for the day, I already am. .

Ok the goal was attained. 21pips.

I am likely to buy here at 1.2310 if price retrace a bit in the forthcoming 30 min. sl 20 tp 25

Originally Posted by ;

I am going to buy here in 1.2310 if price retrace a little in the forthcoming 30 min. Sl 20 tp 25

Just purchased at 1.2310

My trade was shut out at sl. minus 20 pips.

Just sold at 1.2367 sl 18 pips and tp 32 pips. My last exchange for today