Same as nzdcad before.
possibly going to start using this publish mode as a way to track my trades like a journal for proof instead of a metrix. possibly a benefit to tax reasons to back up my own ass if need be.
D - Trap price on "candle structure"
4h - Wait for candle to close out of the daily zone (either support or resistance)
Twin trade
Sl @ 50 pips
TP 1 @ 50 PIPS
TP 2 @ 100 PIPS
1% TOTAL RISK PER TRADE IDEA. (0.5% PER TRADE EXECUTED)
Gonna post more for my own progress. it might serve some people well to, to be able to see my ideas posted because id say I've gotten decent consistency for my risk management and I know when to take profits and how my pairs move and blah blah blah all that boring stuff right. lol
D - candle structure directional trend - (Am I buying or selling?)
1h - Candle...
TWIN TRADE
ONE ORDER HAS TP OF 30 PIPS
OTHER ORDER HAS TP OF 60 PIP
WHEN FIRST ORDER HITS TAKE PROFIT OF 30 PIPS, MOVE STOPS TO BREAK EVEN ON SECOND ORDER
win rate averages 30-40% with no active risk management.
win rate will average 40-60% with active risk managment.
UPDATE YOUR CHARTS.
SOME OF YOU DONT UPDATE YOUR CHARTS AND SEE THAT PRICE MADE A NEW STRUCTURE BEFORE HITTING ENTRY
SOME OF YOU DONT DELETE ENTRIES WHEN PRICE CREATES A NEW STRUCTURE WITHOUT HITTING ENTRY
UPDATE YOUR CHARTS.
TWIN TRADE
20 PIP TP
30 PIP TP
30 PIP SL
(OPTIONAL - TRAIL YOUR SL ON ANOTHER ORDER TO CAPITILIZE ON FULL MARKET MOVEMENT)
ON OTHER...
UPDATE YOUR CHARTS.
SOME OF YOU DONT UPDATE YOUR CHARTS AND SEE THAT PRICE MADE A NEW STRUCTURE BEFORE HITTING ENTRY
SOME OF YOU DONT DELETE ENTRIES WHEN PRICE CREATES A NEW STRUCTURE WITHOUT HITTING ENTRY
UPDATE YOUR CHARTS.
TWIN TRADE
20 PIP TP
30 PIP TP
30 PIP SL
(OPTIONAL - TRAIL YOUR SL ON ANOTHER ORDER TO CAPITILIZE ON FULL MARKET MOVEMENT)
ON OTHER...
UPDATE YOUR CHARTS.
SOME OF YOU DONT UPDATE YOUR CHARTS AND SEE THAT PRICE MADE A NEW STRUCTURE BEFORE HITTING ENTRY
SOME OF YOU DONT DELETE ENTRIES WHEN PRICE CREATES A NEW STRUCTURE WITHOUT HITTING ENTRY
UPDATE YOUR CHARTS.
TWIN TRADE
20 PIP TP
30 PIP TP
30 PIP SL
(OPTIONAL - TRAIL YOUR SL ON ANOTHER ORDER TO CAPITILIZE ON FULL MARKET MOVEMENT)
ON OTHER...
UPDATE YOUR CHARTS.
SOME OF YOU DONT UPDATE YOUR CHARTS AND SEE THAT PRICE MADE A NEW STRUCTURE BEFORE HITTING ENTRY
SOME OF YOU DONT DELETE ENTRIES WHEN PRICE CREATES A NEW STRUCTURE WITHOUT HITTING ENTRY
UPDATE YOUR CHARTS.
TWIN TRADE
20 PIP TP
30 PIP TP
30 PIP SL
(OPTIONAL - TRAIL YOUR SL ON ANOTHER ORDER TO CAPITILIZE ON FULL MARKET MOVEMENT)
ON OTHER...
