Ramy's Journal

[rsaemy]

AUDUSD trade

Took the Setup into possible W5
Risk is 10 Pips

Will update the trade when it is finished

[rsaemy]

USDCHF trade

SL was hit

DS1

[Tomi]

Hey chap, just a friendly comment. One would argue if there's a setup in USDCHF/M15 (at least not strictly by the rules) but even if going with the flow (which indeed looks great on M15!) to wave 5 the spread is very high. My broker has 6 pips spread and it eats a big bunch of the possible move. USDCHF could be traded on higher timeframes, like daily or maybe H4. You can add ask line to your chart to see proportionally how much space spread takes. Just my opinion.

[rsaemy]

Hey chap, just a friendly comment. One would argue if there's a setup in USDCHF/M15 (at least not strictly by the rules) but even if going with the flow (which indeed looks great on M15!) to wave 5 the spread is very high. My broker has 6 pips spread and it eats a big bunch of the possible move. USDCHF could be traded on higher timeframes, like daily or maybe H4. You can add ask line to your chart to see proportionally how much space spread takes. Just my opinion.

Hi Tomi, thanks heaps for checking my journal and the comment. I was checking the spread on my broker and it is in the range between 0.4 - 0.6 pips. i will add the ask line to the chart. it just feel the chart a bit crowded sometimes with too many lines

[Tomi]

Nice, much better spread you have there. Regarding ask line, it's a quick way to see if current spread is too big proportionally to general movement in particular instrument. If you don't like approach, just don't use it. Less stuff on the chart is always better. As for trading, keep it going!

[rsaemy]

Nice, much better spread you have there. Regarding ask line, it's a quick way to see if current spread is too big proportionally to general movement in particular instrument. If you don't like approach, just don't use it. Less stuff on the chart is always better. As for trading, keep it going!

:-bd :-bd :-bd
Yup... I found out that i have to find what works for me and my circumstances
frankly speaking, since i have started M15 trading and i feel that i am doing much better and i can have trades nearly everyday
That makes my learning curve much quicker

[rsaemy]

AUDUSD trade Update

I had 2 entries on AU
The first entry was using The Setup: ended up in 2R profit
Second entry was using the HUNT (monrach Cherry): ended up 5R profit (SL was under the signal candle)

Both trades are DS1

[rsaemy]

EURUSD trade

Entry Using the setup into W5 (Famous Pattern)
risk was 6 pips
ended up in profit 6R

DS1

[rsaemy]

USDJPY trade

Entry using The SETUP into W5
risk was 15pips (put my initial SL above gator instead of box)
Ended up in profit 2R
I could have got into an add on trade used a monrach seed but i wasn't infront of the screen

DS0 due to SL was put above gator instead of box to reduce risk

[rsaemy]

USDCHF trade

Entry using The SETUP into W5 (Famous pattern)
Initial risk was 10pips
Ended up with profit 2R

DS1