Having said all that, I am putting my stops on this trade above the current C points. Should prices reverse and move back up and past the current C points, then it's possible that prices have turned .
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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Year-to-date Profits: +5,794 pips.
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I don't believe in short cuts to anything. Analyzing markets is hard work. Plain and simple. There's no magic formula and no holy grail.
It's just not needed. Hope you understand.
Anyway, it's fine. It's a personal question.
Although, I wasn't asking for how much you make. I was asking for percentage profit. I heard it said by people in Trade Empowered that moderately successful traders make 2-3% per month, while top tier traders make 4-5% per month. I just wanted to know your opinion on this.
I don't pay much attention to those kinds of estimates. For me, looking those kind of stats is meaningless and serves to limit what your mind can believe you can achieve. Do I make more or less than those percentages? Let's just say I don't agree with those percentages and that I have not had a losing month in several years! Do I lose trades? Yes, of course. Everyone does.