1. Look at your past trades and use a tool to show what pair give you most losses
2. See which direction in all pairs that you trade give you most winners . If you are making more win as a BUYER, next week, focus on looking for BUY trades, if you are making more winner as a SELLER then focus on finding sell trades.
3. Once you have decided that you will focus as BUYER or SELLER and eliminate worst pair for you, then develop your rules to engage in the trade.
Example:
1. I am a BUYER and I will not trade XXX PAIR
2. I trade 1 HOUR time frame
3. BUY SIGNAL is when MA 20 cross over with MA 50 ( be specific)
4. SL 30 PIPS and TARGET 60 PIPS
Basically this principle is to make you focus on your strength and have a clear strategy to trade.
Try it and I can guarantee you an improved result.
I have learned that if you are trying to follow every buy and sell signal from a strategy, you will be over trading in a week, but if you focus on just one direction, you will get more quality trades and you can manage your losses easily, remember this, your next strategy signal will be a winner, if you trade one pair in only one direction following only one strategy to trade, your next trade will be a winner. If you use a soft martingale in your lot size (remember every trade need to have Stop loss), at the end you will always come on top.
Market move in waves, even when you get a very trending market , you will make a winner if you only trade one direction. There is no way a market not making a pullback in a decent size. as long as your target is between 30 - 60 pips , you will always get that move from the market.
2. See which direction in all pairs that you trade give you most winners . If you are making more win as a BUYER, next week, focus on looking for BUY trades, if you are making more winner as a SELLER then focus on finding sell trades.
3. Once you have decided that you will focus as BUYER or SELLER and eliminate worst pair for you, then develop your rules to engage in the trade.
Example:
1. I am a BUYER and I will not trade XXX PAIR
2. I trade 1 HOUR time frame
3. BUY SIGNAL is when MA 20 cross over with MA 50 ( be specific)
4. SL 30 PIPS and TARGET 60 PIPS
Basically this principle is to make you focus on your strength and have a clear strategy to trade.
Try it and I can guarantee you an improved result.
I have learned that if you are trying to follow every buy and sell signal from a strategy, you will be over trading in a week, but if you focus on just one direction, you will get more quality trades and you can manage your losses easily, remember this, your next strategy signal will be a winner, if you trade one pair in only one direction following only one strategy to trade, your next trade will be a winner. If you use a soft martingale in your lot size (remember every trade need to have Stop loss), at the end you will always come on top.
Market move in waves, even when you get a very trending market , you will make a winner if you only trade one direction. There is no way a market not making a pullback in a decent size. as long as your target is between 30 - 60 pips , you will always get that move from the market.