Gonna post more for my own progress. it might serve some people well to, to be able to see my ideas posted because id say I've gotten decent consistency for my risk management and I know when to take profits and how my pairs move and blah blah blah all that boring stuff right. lol
D - candle structure directional trend - (Am I buying or selling?)
1h - Candle structure trend. looking at candle structure, wait for a 1h candle to close past the previous candle structure low in direction of daily candle structure trend
Risk Management
- Twin trade - take 2 trades at the same price but risking .5% of account on each individual trade you plug into your trading app. since you have 2 individual trades running at the same price point, with the same stop loss, you can have an automated system that you can execute having 1:1 take profit and another at 1:2 creating a 1:1.5 risk to reward with a win rate of an avg of 60% which is a 20% edge over the market. ill take that everyday baby!!!
- 30 pip stop loss is max I will risk because I've learned over 2 years of experience, I've learned how my pairs move. its like a girl, you learn what turns them on in bed, what there favorite things are and who they are as a person. learn your pairs and youll learn there max drawdown length on pullbacks into structure that you can make it as automated as possible with an accurate placed set stop loss. automation is important so you can work like a robot.
- TP1 @ 30 pips
- TP2 @ 60 pips
1:0.5 risk to reward because you have half your position taken off the table at 30 pips which a 1:1 to your stop loss. now why do you take half off at 30 pips? I've found that the market has an average win rate of 40% if I just let my trades run to take profit 2 with full position. now that's a profitable system, but for me personally I want a better win rate because I can satisfy my monkey brain to be able to stick to my discipline. now, what I am doing currently is not bringing stop to break even because what taking half of your position off the table at 30 pips (1:1 with your stop loss but a 1:0.5 risk to reward with half position) is that you have 40 percent of the time you are winning big and worst case scenario with another 20 percent of trades hitting 1:1 half size creating a break even scenario with that twin trade because you half half losing at a 1:1 and half winning at 1:1. BAM!!!!! NOW YOU HAVE A 60% EDGE OVER THE MARKET THAT WINS BIG ON AVERAGE 40%, BREAKS EVEN ON AVERAGE 20%, AND LOSES 40%. DO THE MATH. ITS WORKS. BAM!!!!!! GET MORE CAPITAL AND YOU MAKING BIG BOI BUCKS.
D - candle structure directional trend - (Am I buying or selling?)
1h - Candle structure trend. looking at candle structure, wait for a 1h candle to close past the previous candle structure low in direction of daily candle structure trend
Risk Management
- Twin trade - take 2 trades at the same price but risking .5% of account on each individual trade you plug into your trading app. since you have 2 individual trades running at the same price point, with the same stop loss, you can have an automated system that you can execute having 1:1 take profit and another at 1:2 creating a 1:1.5 risk to reward with a win rate of an avg of 60% which is a 20% edge over the market. ill take that everyday baby!!!
- 30 pip stop loss is max I will risk because I've learned over 2 years of experience, I've learned how my pairs move. its like a girl, you learn what turns them on in bed, what there favorite things are and who they are as a person. learn your pairs and youll learn there max drawdown length on pullbacks into structure that you can make it as automated as possible with an accurate placed set stop loss. automation is important so you can work like a robot.
- TP1 @ 30 pips
- TP2 @ 60 pips
1:0.5 risk to reward because you have half your position taken off the table at 30 pips which a 1:1 to your stop loss. now why do you take half off at 30 pips? I've found that the market has an average win rate of 40% if I just let my trades run to take profit 2 with full position. now that's a profitable system, but for me personally I want a better win rate because I can satisfy my monkey brain to be able to stick to my discipline. now, what I am doing currently is not bringing stop to break even because what taking half of your position off the table at 30 pips (1:1 with your stop loss but a 1:0.5 risk to reward with half position) is that you have 40 percent of the time you are winning big and worst case scenario with another 20 percent of trades hitting 1:1 half size creating a break even scenario with that twin trade because you half half losing at a 1:1 and half winning at 1:1. BAM!!!!! NOW YOU HAVE A 60% EDGE OVER THE MARKET THAT WINS BIG ON AVERAGE 40%, BREAKS EVEN ON AVERAGE 20%, AND LOSES 40%. DO THE MATH. ITS WORKS. BAM!!!!!! GET MORE CAPITAL AND YOU MAKING BIG BOI BUCKS.