50% is usually the safest target. Many go to around 70% but some only around 30% Each time frame presents it's own trades. You need to ascertain whether it is a major or minor retracement or a trend trade.

DoNotFollowThis

ALWAYS use a SL without exception. Iv'e learnt this the hard way many times.

DoNotFollowThis

No trade until you get a candle that is not crossed "Touched" by the line Method uses lines & Modified "Fib" only plus many years experience.

DoNotFollowThis

Moving SL to BE safe-guards the trade from a loss. However it should not be moved if there is a chance it could be hit & jeopardize a larger profit Finding moves with 50/100 pips profit can be found easily. Just go for 50% retrace of the previous ...

DoNotFollowThis

Good example now on the GU. Trade taken on the 1H & confirmed on the Daily. I have drawn a trend line from as far left as I can to give a better angle. Price drops & holds below line & the line does not cross through the candle. move confirmed. 2 ...

DoNotFollowThis

So you have a live account. Are you trading the same way on the live account. Anyway. Your demo account is stuffed. Start a new one. Start it with exactly the starting balance you would if it was a live account & trade with appropriate pip lots. EG: ...

DoNotFollowThis

Well said.

EURUSD only

I would try 15m & 1H combination with reference to D1 for overall direction to ascertain whether you are trading a retracement or with the trend. I'm happy to help but you need to adopt a sensible approach with appropriate SLs & TPs.

DoNotFollowThis

What time frame are you taking your trades on.?

DoNotFollowThis

No trading is not speculation. Not if you do your homework first. You must have a Sl & TP. Be realistic. Even if it is only a 1:1 trade, it's worth it. Draw trend lines. NOT the conventional ones. Draw from lowest point to latest support level. ...

DoNotFollowThis

Mate.. Your trading is similar to mine 5 years ago. Pure speculation. Overthinking the market & charts. Let the market come to you. I see No SLs & No TPs.??? No wonder your losses are greater than your profits even though your win rate is OK.

DoNotFollowThis

Will add another short at 1289. All targeting 1240

XAU/USD & XAG/USD - Gold & Silver Traders Thread

None of the above. Approx' 90% of my trades are triggered by pending orders. Placed in a position which if triggered confirms the direction.

When do you place your pending orders

WTF... Moved to "Journals"... Thread closed

USDollar (DXY)

Interesting

EURUSD only

image

USDollar (DXY)

You won't encourage anyone with a Demo TE

Risk-free capital for 1-year + experienced traders-cum-coders

To walk the walk you need to trade live.

You talk the talk I walk the talk

Confirmed & added

XAU/USD & XAG/USD - Gold & Silver Traders Thread