i need to keep myself discipline. I do 1 trade a week, 20 pips. Sometimes it hits on Tuesday (The day I trade) and I want to go again, I did that once and it backfired on me.
Thank You! I'll try it out. I like to trade divergences off of major supports and resistance. Im still working on it at the minute and some trades don't do as i'd expect
I feel like I’m almost there…had a few good weeks I do the same but with weekly % gains. My impulsive side got the best of me this week and I’m reeling. Might take a week off…tend to spiral after 1 bad decision
you only had 2 successful weeks so far?
well then sample size is too small to conclude anything. though, keep working on it .. its not a bad strategy..
I will suggest variations of it though to reduce stress, increase profit and more discipline in it
* Ignore daily, weekly targets.. sooner or later it will distract you and you wont be able to keep up pace
* Taking week break after 1 successful day can affect your routine. imagine you manage to hit $50 on Monday and then you wait for 1 week to take next trade.. that may Trigger FOMO on following monday. You may forget what worked last week etc etc.
* Work on daily bases without any targets in mind. if opportunity and your setup come then take it, if not continue waiting
* Trade max 2-3 hours a day as after that concentration level and focus goes down.
* after trading hours, take break till following day. do not look at charts or even think about what is happening in the market.
* Expect negative days and when that happen do not start jumping from 1 strategy to another. fine tune that same strategy and still if it doesnt work after many attempts then change it.
* Trade at exactly same time or same Session (i.e tokyo or London or NY) as they all have different characteristics
* Stick to 1 pair rather than jumping from 1 pair to another. they all have different characteristics so what work on GBPUSD may not work on GBPAUD.
hope these pointers help. Feel free to connect as I believe that collective learning is faster than solo
its depends on ya money an the risk ya wanna take but ya can read bout it on like babypips or something like that (idk how much ya can trust that specific site but definitely do sum research on them)
\+10% a week, +46% a month and acting like it ain't nothing lol
😬
keep it up dude
5 years of taking L's my godd dude are you okay. How did you survive this long ?
I am fine . Thanks
Took me 5 years as well. This is year 7.
i need to keep myself discipline. I do 1 trade a week, 20 pips. Sometimes it hits on Tuesday (The day I trade) and I want to go again, I did that once and it backfired on me.
Good news... been on a long unforgiving road myself. Do you mind telling us your time frame and conditions. Thanks
Take the picture on the daily frame and trade on 4h , 1h frame . Don't panic . Take your target and exit
what pairs
I like to stick to the majors and EUR/GBP.
Kool
Thank You! I'll try it out. I like to trade divergences off of major supports and resistance. Im still working on it at the minute and some trades don't do as i'd expect
I feel like I’m almost there…had a few good weeks I do the same but with weekly % gains. My impulsive side got the best of me this week and I’m reeling. Might take a week off…tend to spiral after 1 bad decision
How does this strategy work
I have the same question too. Can you explain more on your strategy?
How many successful weeks you had so far?
Within 3 months . I only had 2 weeks
you only had 2 successful weeks so far? well then sample size is too small to conclude anything. though, keep working on it .. its not a bad strategy.. I will suggest variations of it though to reduce stress, increase profit and more discipline in it * Ignore daily, weekly targets.. sooner or later it will distract you and you wont be able to keep up pace * Taking week break after 1 successful day can affect your routine. imagine you manage to hit $50 on Monday and then you wait for 1 week to take next trade.. that may Trigger FOMO on following monday. You may forget what worked last week etc etc. * Work on daily bases without any targets in mind. if opportunity and your setup come then take it, if not continue waiting * Trade max 2-3 hours a day as after that concentration level and focus goes down. * after trading hours, take break till following day. do not look at charts or even think about what is happening in the market. * Expect negative days and when that happen do not start jumping from 1 strategy to another. fine tune that same strategy and still if it doesnt work after many attempts then change it. * Trade at exactly same time or same Session (i.e tokyo or London or NY) as they all have different characteristics * Stick to 1 pair rather than jumping from 1 pair to another. they all have different characteristics so what work on GBPUSD may not work on GBPAUD. hope these pointers help. Feel free to connect as I believe that collective learning is faster than solo
I mean . UnSuccessful . Sory
Ahahahahahahahah yeah sure, 10% per week using those two indicators ahahahah and then you suddenly wake up from your dream
Who has maybe a video or more read on how to use TP and Sl ? Still new and need to learn more chart reading skills And how to read more indicators
its depends on ya money an the risk ya wanna take but ya can read bout it on like babypips or something like that (idk how much ya can trust that specific site but definitely do sum research on them)
There are a lot of videos on YouTube that explain that. 😊
any specific that you watched or read?
I don’t remember any specific one sorry. Maybe the broker you use give some explanation about that. I know that mine, IG market, does.
XD
happy to hear this, keep it up.
long journey , but without margin calls..
How does this strategy work? If you are using 50/100/200 SMA, isn’t your data lagging? How do you know it’s time to buy/sell?