Hello traders,
We have these in the GBPJPY Parity:
- Cup and Handle Chart Pattern
- A price closing above the Weekly Resistance : 142.845
- The trend line is broken and it has pulled back on 1W Chart and still on Trendline :
-When we look at the Terminals, a position in favor of relatively GBP :
* Japanese Yen COT...
LSE:EXPN
You have to understand that even if most of the time your trade turns against you, when the trend moves in your favour, you have to manage your position disciplinarily.
Look in this trade as in the first operation we have succeeded in doubling the value of our position realizing exactly a good 200% on the allocated, and in the second operation we are...
HKEX:1177
Here too we continue to move the stop loss in trailing stop mode, until we reach our primary objective, that is Break Even Point, equal to the entry point plus commissions.
Remember that Risk Management and Position Sizing are the fundamental points to have a positive trading operation.
Strategy alone is not enough.
SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-2 days
Actions on -
A – Activating Event
Market will meet resistance in zone @1.772 - .... and fall to the @1.74 In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.74
OANDA:GBPCAD...
For the next three weeks, I will be on vacation but before, my analysis on EUR-USD and a little lesson about opening the correct POSITION SIZING in a trade.
If EUR-USD closes above the blue trendline, there will be a bullish signal with the target area at 1.1883/1.1892 and the stop loss at 1.1560/1.1565.
Before click on "BUY" or "SELL" you have to decide not...
Practical Exercise
Select any currency pair, go back to a point on your chart where you can clearly identify a lowest or highest point.
Based on this backtesting scenario, start to identify and practice the guidelines of gearing and scaling.
How much would you have gained from this move?
Compare it to the scenario where you only took one single trade and ride...
