BUT, BUT it's going my direction NORTH not SOUTH. Of course I'm long

Trading Made Simple

What append image

Trading Made Simple

The reason was the FOMC news. Not your technical analysis.

Trading Made Simple

But while you are going through this long stretch of trading over time, will your DRAWDOWN kill your account before you make any substantial profits? Of course you have to calculate how much you can risk per trade. Then drawdown is not a problem. If ...

Trading Made Simple

I have not so much time to discuss this. We can take a discussion about another topic another time. But if the trend continues up I will give you a message about that

Trading Made Simple

If you for example have risk:reward 1:2 and winrate is 48% you will get rich if you have enough trades and your average winrate over time is 48%. Tekkies, you now this

Trading Made Simple

I only take entry on lower timeframe if it follow the rules: retracement on 4H back to level and entry on lower timeframe if indicator say so. This have nothing to do with flipping an coin. By the way, if you win 50% (flip coin) and have a good ...

Trading Made Simple

I only look for 4H not any larger timeframe because I will keep it simple.

Trading Made Simple

I guessing in these sense: Usually on a 4H chart when we get breakout the price will in many cases (about 50%?) retrace back to the level and continue in the direction of the trend. If the price retrace back to the level I will go to a lower ...

Trading Made Simple

I'm using 4H as my decision timeframe. From 4H I see there was a breakout too the upside. In many cases I know that the price will retrace back to the breakout level. I also see that the support is in the fib range 38.5-50 (I know fib 50 isn't a ...

Trading Made Simple

Firstly, I'm not 100% sure. Today we got a breakout of a solid level at 4H. The price will often retrace back to that level before it continues. All the larger timeframe have trend to the upside. 15M timeframe we have just reached fib 50 level and ...

Trading Made Simple

I guess it will go up. I think the market was waiting for the news. What your picture shows is the retracement. But in Forex nothing is sure.

Trading Made Simple

Only hard work over years will help you. Then you have a change to get long term profitable. In addition: Learn by putting on trades and see what works and what doesn't work (I see you have started with that) Select one strategy and work on that for ...

Trading Made Simple

+21 pips for this trade. Got +5 pips today with two trades. image

Real time trades by realjumper!!

Sell EU @ 1.13656, SL=TP=21pips. image

Real time trades by realjumper!!

I sell at levels I feel are good. In this case I sell without candle confirmation.

Real time trades by realjumper!!

Yes, but luckily I see it fast

Real time trades by realjumper!!

Made a big mistake. Took a buy when I wanted a sell. Closed with -1pip. Trying out a tool for bye/sell and a forget too switch mode. Edit: Added the chart to show the loser (with closer look it was -1.8pips). image

Real time trades by realjumper!!

Another try. Sell EU @ 1.13671, SL=TP=21pips. image

Real time trades by realjumper!!

SL hit, -16pips.

Real time trades by realjumper!!