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Simple way to read chart
1. Use constant chart (min/max).
2. Watch where the polygon'bulking' in certain price level. Watch its edge.
3. Mark those area as key level.
4. If any PA confirm for trade entry, Count point 5 6 Ratio, if okay subsequently enter
5. Put your risk out the'bulk' where the PA happens.
6. Put your reward on another'bulk'.
Some illuion:
https://www.nigeriaforextrading.com/...4522396715.jpg
https://www.nigeriaforextrading.com/...5995452349.jpg
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I'll post another periodically, to maintain monitor for my FX learning procedure.
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There's two side risk with this one really. I just take one.
https://www.nigeriaforextrading.com/...1717118807.jpg
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Reached 25 live trades mark. 75 more trades until I choose to increase my risk from 1 to 2.... Or back to demo https://www.nigeriaforextrading.com/...1528669500.jpg:
I have this funny feeling that I'm beginning to overtrade, sigh. Anyone ever feels like this? The uncomfortable and fear you will slide and create substantial mistake.
https://www.nigeriaforextrading.com/...6531309685.jpg
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Hi,
Do not be accustomed to this overtrade feeling here since I always have them and it'll damaging your mindset longer, thereby making you feel unconfident.
Keep up with the Fantastic work.
Anyhow, how can you get that excel sheet in which you record your profit percent, etc? Can you create them your self or you get from somewhere?
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Thank you for the reminder morton.
I made the recorder. However there's some freeware that can analyze your oanda history. It's called fxhat. I tried using them, but I did not get what I need. Basically they simply count summary of uncooked pips, P/L, and equity curve. It doesn't show expectancy, kelly, risk a trade, win percentage, and stuff like that. Anyhow fxhat is still on growth stage, so I expect more to come in the future.
One thing which constantly bothers me, does pipcount actually that significant? I visit many methodology focusing into pipcount as achievement parameter. However, what kind of business it will be if it overlook downside risk?
Here's a few scrshot of fxhat output.
https://www.nigeriaforextrading.com/...8584315414.jpg
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self-evident: Why mental/physical illness is vital.
I have made a mistake. I had such perfect setup yesterday. All variable is favorable, but its myself that was on poor illness. Too tired of doing another job. I shut one of my place with no logical reason at all. Can't allow this to occur again in the future.
Anyhow, so much the method is revealing good consequence, also my risk exposure egy nevertheless function from keeping me creating a huge drawdown. Reached live 38 exchange with this method. 62 to go.
https://www.nigeriaforextrading.com/...1494417600.jpg
https://www.nigeriaforextrading.com/...2364397725.jpg
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One of market condition that I hate. Can't create a trade arrangement on this.
Both service resistance are too close, so no positive RR ratio can be manufactured after any PA confirmation exist.
https://www.nigeriaforextrading.com/...1984056535.jpg
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I see no purpose in continuing this for now. I have come to realize that the learning curve has no ends, and moreover I see numerous defect in myself. I believe its time for me to learn the way to be a much better person in real life, start from folks around me. Deeply thanks to Jacko, DRT, and Twoblink for opening my eyes.
Anyhow, heres the previous result of this method.
https://www.nigeriaforextrading.com/...1722571782.zip
https://www.nigeriaforextrading.com/...2127225666.jpg