You could have ''THE BEST'' strategy in the world... But with no PLAN you dont have a strategy... The strategy you have made or your following has rules like eveything! So first its up too you to execute trades when valid with the strategy but there after if you DO NOT follow the plan and for example you close early.. move your SL, open trades which you shouldnt...
ITS TRUE! AND IT MAKES SENSE! Think about it... 80-90% of traders loose there hard earned money... we all know this. its common knowledge. so.... WHY is this? BECAUSE 90% OF YOU ARE ALL TRADING THE SAME IF NOT A VERY SIMILAR STRAETGY! What is it? simple... its TECHNICAL ANALYSIS... Look at how many ''forex groups'' are selling a forex course. there everywhere! and...
Sticking to a plan is essential for success in the markets! this trade now running 640 pips in profit. Answering honestly... how many of you would still be in this trade? if you wouldnt or arent still in then why not? why would have you closed? fear when your proift reached a an amount you were ''happy with'' maybe? my point is human pyschology takes over! you...
RR is everything! BUT only if you follow it! here we had a buy... banking a total of 150 pips. we then sold which hit SL, losing us 46 pips. net profit = 104 pips.
Your win rate does not determine how profitable your strategy is! why? because if your RR isnt sufficient, your losers will outweigh all your winners.
great buy here. stick to your plan. be strict. dont close early!
One of our longer trades we have open.. but still we hold.. now over 230 pips in profit
TP3 guide price reached- running over 130 pips in profit
within just 12 hours we have two ''setups'' where a trader using Technical analysis could have been caught out... first ''trade'' price came to this small resistance zone/triple top, some coul dhave sold expecting price to rekect but instead, price continued to push to the upside. second ''trade'' price approached our ascending Trend line, some may have expected...
Our guide tp3 now reached... but we continue to hold! now over 160 pips in profit!
great sell here, CAD continuing to gain strength today... this sell now running 110 pips!
Great profits banked on the BUY... SELL now OPEN! ITS NOT TOO LATE TO JUMP IN! APPLE SELL NOW VALID
HOLDING HOLDING AND... HOLDING! Dont let ANYTHING interupt your plan! stick to it and reep the rewards
APPLE STOCK COMING IN AT A 56% GAIN SINCE 2018!
YES YOUR READ CORRECTLY! A huge 400+% GAIN for amazon using our BUY and SELL strategy! Lot size used for test was a FIXED lot size of 1 contract size...
The first point i will make is screen time. performing TA on a day to day basis can be long, especially if your trading multiple instruments at any one time. You can also fall into the trap of drawing you lines, patterns, shapes ect... on what you want to see and not what is actaully valid! I personally used to trade technical analysis so i know how long it really...