zzfx

time to get paid

FX:EURUSD   Euro Fx/U.S. Dollar
62 3 0
patience and preparation
zzfx
2 years ago

trailing loss of 20 pips recuperated,

Looking to do the right thing:
straddle the 1.3590 level, with stop under 1.3579 and and a bullish stance
over this wave. A bearish outcome would represent a break even day because of the ratio spread.

betting 2 up one down, with a 2:1 RR if straddle price of 1.3590 is reached. If not my target is net +20 pips is reached and
Its all good.

Reply
zzfx
2 years ago
1:14 pm

doing the right thing paid off,
all position closed:

net profit for the day: +25 pips.

range has more to give...tomorrow looks promising.
Good work.

next trade!
Reply
zzfx
2 years ago
Started mingling with ratio spreads... went from objective to subjective on increased WCS risk. Once again, bending the MM bases but sticking to my RR guns...

Up til now, all these changes helped build up results, but ....i was getting away from what really mattered, and exposing myself to increased risk if things would really go wrong...
still remains a valid strategy, but as for the ZZ Tstop approach.....maybe I wasn't quite ready yet....and the only reason i was advancing was based on pure luck....

Ratio spreads means subjectivity...I ,must remain objective at all times.
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