What an absolutely beautiful call on this trade idea. Price action came into exactly where we mentioned, and for those who set sell limits, this is a traders dream. ZERO drawdown and a continuation to the downside. Now we just wait patiently with an investors mindset and see if the markets move in the direction we expect it to go. Trade management at this stage is key. I would be advising traders who got in at the limit order area, to consider trailing your stop loss to half, or even setting your trade to breakeven. Those that got in where I did, around the wick rejection area, to consider trailing your stop loss to half. There is no need to have all our risk on the table when we can already see the bearish sentiment kicking in.
Trade closed manually
⋅
Breakeven trade for me on this occasion. There was a promise, but it never came through. This is all part and parcel of our business, so we move on and look for another opportunity. Let's keep on Trusting The Process.
@uzi12345, Thank you, in my opinion, it is all best to keep it simple.
UZI_COHEN
⋅
@RockzFX, This is what I'm looking for in trading
That's why you're my mentor, and I'm part of your community bro.
IanThoka
⋅
Dankie Uncle
yasery099
⋅
Rocks your ideas and plan are hot.specialy in 1 min.but your scalping has a weakness.in tradingview we are always winner but in a real account we have spread and commissions that never let us to grow our account.when we have breackeven trades we are minus at all.i took 100 trade after master class4 and i gave every profit to the broker.spread and commissions are huge for this timeframe.no diffrent which broker
RockzFX
⋅
@yasery099, I think you need to maybe rephrase what you just said. My scalping strategy does not have a weakness, you are struggling with a weakness in your scalping approach. Spreads and commissions are part of trading, and we have 1000s of members trading the RockzFX Academy 1 minute strategy and the way to manage spreads is to enter with momentum, secondly, for commissions, it is simply to move your stop loss to 0.07 in BE profits. If you are overtrading, chasing losses or taking trades you should not be taking, then that is why you and even many others trading all different timeframes will have problems. I hope this helps! I have tested this strategy are large and small accounts and the only issue you will find is in your own trade management.
FaradayCosmo
⋅
Great trade
alienblk
⋅
great trade!
RockzFX
⋅
@alienblk, Thank you. Did you get a chance to get involved in this idea?