{quote} Sold 50% profits, the rest break even, when counter fat order against your direction is eaten make sure you become very defensive on trade management. {image}
GBPJPY macro setup under delivered, but it gave a good shorting oportunity once the demand failed with micro weakness setup as entry. (look at yesterdays example of BRKB as exact replica play)
Thanks for taking the time to help us janpec. Just closed a short gbpnzd for +40 pips (still finding out risk so can't put as r) using idea entirely based off what you teach but with 5 min candles
Thanks for taking the time to help us janpec. Just closed a short gbpnzd for +40 pips (still finding out risk so can't put as r) using idea entirely based off what you teach but with 5 min candles
Ignored
No problem, mind however that this is quid pro quo thread with aim to train few individuals to be contributors of signal sharing, so those serious enough will get from me just as much as ill get from them. You can also post setup that you took just to get criticism if something was done incorectly.
To study risk in R units there are many good articles out there on how to always risk 1% of account and how to weight positions. Using google will pop you many articles to study from. For FX i would highly suggest using indicator that does quick computation of how big position you need to open since manually counting that in FX can be tiresome, its easier in equities though especially couse its easier to scale in and out. There are some free and some paid indies on MQL4 to grab them.
(binned per thread starter's request) Market bottom rotation trad
