Welcome to the discussion or interactive trading of several pairs at the start of the week.
On Mondays I'll post a few pairs along with their respective targets using 1:1 reward to risk. The simplest way you could try, is to place one market order on Monday for each pair in the basket with no take profit or stop loss. Then close the basket on Tuesday or thereafter when in profit, hopefully!
A better way is to do the same as above but use the provided target with a 1:1 reward to risk.
If you want to be even more precise, pick your entry using your current system on Monday or Tuesday, but no later than Tuesday. If your system already has its own smaller TP and SL, I would recommend using the provided larger target with 1:1 reward to risk.
I'm currently playing with other systems too but I'm going to start this one also starting this coming Monday so it would be good to discuss or interactive trade with others.
I trade live but you could try it on demo to get an idea about drawdown and how the price typically moves during the week. I'll put some charts below from the current week in order give an idea now about how the week typically goes. The trades usually reach target in 1 to 3 days so I wouldn't place any trades past Tuesday.
Good luck.
On Mondays I'll post a few pairs along with their respective targets using 1:1 reward to risk. The simplest way you could try, is to place one market order on Monday for each pair in the basket with no take profit or stop loss. Then close the basket on Tuesday or thereafter when in profit, hopefully!
A better way is to do the same as above but use the provided target with a 1:1 reward to risk.
If you want to be even more precise, pick your entry using your current system on Monday or Tuesday, but no later than Tuesday. If your system already has its own smaller TP and SL, I would recommend using the provided larger target with 1:1 reward to risk.
I'm currently playing with other systems too but I'm going to start this one also starting this coming Monday so it would be good to discuss or interactive trade with others.
I trade live but you could try it on demo to get an idea about drawdown and how the price typically moves during the week. I'll put some charts below from the current week in order give an idea now about how the week typically goes. The trades usually reach target in 1 to 3 days so I wouldn't place any trades past Tuesday.
Good luck.
Here's Tom with the weather.