R:R 1:1.5 Place, approx 75%win rate, atleast thats the expected method performance only 1 week of trading, Seems like it Ought to Be closeOriginally Posted by ;
R:R 1:1.5 Place, approx 75%win rate, atleast thats the expected method performance only 1 week of trading, Seems like it Ought to Be closeOriginally Posted by ;
You should have a darn good PF then. Mine is about 2; I'm desperate to get it above 3. Got to lose the losers.Originally Posted by ;
Mine is also around 2.3 - 2.4. Desperate to go over 3.Originally Posted by ;
Not so easy and I am trying hard
Need additional time trading, lost a AU trade some time before, trend was up, fad changed, but risk 30 to create 45 and operates 75% place so that it's all good!!Originally Posted by ;
I see PF equating. Higher confidence means less strain and you are able to exchange a bigger account and hence more $.
You have a SL/TP of 30/45 on M5? I don't have a much higher SL/TP and I exchange H4 though I really do use M15 for entries and D1 for overall trend. AUD is on its way up today I think. It has blasted through my trendlines and not forming some more lower lows or higher highs.Originally Posted by ;
No fixed TP second place at -15 SL of 15, a few run 15 pips some run 90, some go straight to SL.Originally Posted by ;
Technique is kinda clarified in my old M15 diary, from back when I had a M15 change Bodge.
AUD is gaining strength and USD is strong right now, therefore it is very likely to be choppy.
Can't win them all, no point trying, you will just wind up never trading.Originally Posted by ;
GU 30mins back installment for an ideal long entrance I visit, missed it 80 pips area.
I think GU is nearly ripe for a short. Resisted the 50 fib amount many times on H4.
Hi everyone,
First post here.
Many traders fail for exactly the Very Same reasons which include some of the following:Trading without a Strategy Money Management Failing to Adapt Unrealistic Expections Struggling to Understand