Vaco
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still waiting on the set up details on this super system, I'd have a bash at it with a micro lot😉
got stopped on eurusd for -40
still waiting on the set up details on this super system, I'd have a bash at it with a micro lot😉
got stopped on eurusd for -40
Vaco
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Explaining the last few trades
I mentioned at the start of the journal that price often moves back to the sniper stop and bounces off of it which is where i am placing my trades now.
The last gbpusd trade was a long at the sniper stop at 1.5123 but i got in late and entered at 1.5154
I'm completely ignoring whether or not sniper has given a long or short signal.
Once the trade is in profit I scale down to the 15min chart and put my stop below the sniper stop on this timeframe, The only mistake i believe i made with this trade was moving the stop up on the moves that took place after the us session which resulted in my stop been hit at 2 am. next time i will not move stops after 9pm.
Below is the 4h chart and the 15min chart.
I mentioned at the start of the journal that price often moves back to the sniper stop and bounces off of it which is where i am placing my trades now.
The last gbpusd trade was a long at the sniper stop at 1.5123 but i got in late and entered at 1.5154
I'm completely ignoring whether or not sniper has given a long or short signal.
Once the trade is in profit I scale down to the 15min chart and put my stop below the sniper stop on this timeframe, The only mistake i believe i made with this trade was moving the stop up on the moves that took place after the us session which resulted in my stop been hit at 2 am. next time i will not move stops after 9pm.
Below is the 4h chart and the 15min chart.
Attachments
Vaco
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back in at 1.113,
today has been really boring, think i'll go out tomorrow after placing my trades. I dont think watching the screen all day is going to do me any favours.
Vaco
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yeah its doing well so far but there's a lot of support around the 0.87 mark so i've got a tight sl on it.
As for missing it dont worry there is always another opportunity to trade.
Vaco
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it seems been at home is having an impact on my trading, by moving stops up sooner i'm not letting the trade really take off, on the other hand when they do reverse i lose less of my profit and prevent winners from becoming losers.
eurcad is a good example, i got out for scratch where as I would be over 100 pips plus if i was still in.
So its a choice between a smoother equity curve with less losers at the cost of missing out on bigger runs, or a more volatile floating p/l with bigger swings in the equity curve, then again on the bigger runs the stop means i'm always letting 60+ pips slip from my fingers.
decisions decisions😕
eurcad is a good example, i got out for scratch where as I would be over 100 pips plus if i was still in.
So its a choice between a smoother equity curve with less losers at the cost of missing out on bigger runs, or a more volatile floating p/l with bigger swings in the equity curve, then again on the bigger runs the stop means i'm always letting 60+ pips slip from my fingers.
decisions decisions😕