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Andrewb wrote:Hi Immy, nice trade. With these M1 & M5 trades, do you open 2 trades with the first TP at 1:1. & 2nd let run?
Cheers.
Hi Andrew
Thanks. Well I can either take a 1% trade and close part or open 2 0.5% positions same thing! on this occassion, i had fed the data into the ea it closed part at +5 with sl at -5.
cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
Andrewb wrote:Hi Immy, nice trade. With these M1 & M5 trades, do you open 2 trades with the first TP at 1:1. & 2nd let run?
Cheers.
Hi Andrew
Thanks. Well I can either take a 1% trade and close part or open 2 0.5% positions same thing! on this occassion, i had fed the data into the ea it closed part at +5 with sl at -5.
EJ this AM LO Session... Decided to filter short setup, though it looked better. Reason was that it appeared that EJ had done its thing to the downside, zoom out analysis, and I could see there was a chance of getting principle C. Even taking the short was not wrong, and if you are a beginner you should have taken it, but ignoring the long was a mistake if you did, because long was supported by many factors, including the principle c rent that you might have just paid. I decided to pick the top of this trade when exiting, i cannot explain how I do this, this is certainly a feel for the market, experience and the mathematics!
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
Today a GU Setup on M1.
IT was a setup that said to me.
M5 would be in wave 4 but at the same time it pushed down and pulled back which created this nice wave 3 on m1 and wave 4 had a fruit at the peak of it. Took the classic setup short and targetted TZ1 for closing half the position and trailed aims levels. The result was not lovely 1% account growth. YD was not so good so what... its not a day's game... its a long term commitment composed of not 10 not 100 thousands of little trades. Pictures shown below without dots for those who can ride without the little
cheers
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
I was not available for London Session but managed to get to my charts a bit later and found a couple of setups. The setup on GU was trading the "4th wave of M5" so it was not HPT! however the trade on EU was in the direction of trend on m5. (Setup on m1 was also above m5 gator)
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
