We had candle closure below the sell level All that was left was to click sell on MT4. Just a quick 1:1 RR And we will see how this trade pans out BUILDING SUCCESSFUL TRADERS MGR FOREX TRADING
Once Again this Pair has hit TP. He just ran away. Not that I am complaining! Normally it takes a few hours before Price hits Target So I wasn't expecting it to almost immediately go through to TP. This trade was a bit of a riskier one as you entered as the candle was breaking out of the Sell level Ideally I prefer a candle closure before I enter.(Like with...
This was the Opportunity this morning Trade has hit Take Profit. Just a quick 1:1 RR I do apologize that I was unable to upload earlier. Was feeling a bit under the weather. But here we are and expect a few more pairs to be coming your way. BUILDING SUCCESSFUL TRADERS MGR FOREX TRADING
With the trade only being around a 12 Pip SL. Normally we would enter in with a much bigger Lot Size. However this time I do want to Hedge my risk with both Sells and Buys. So I will not be using a SL for these trade as I will hedge the risk of the buy with a Sell. Traditional Hedging occurs across different asset classes. But since we are scalpers. We will...
Looking for a break and close above or below the levels It is CPI today so hopefully we won't have to run the trade through it. 1:1 Risk to Reward On this one I will be using a fixed stop loss. So I won't be hedging the risk. Money management on all Trade Setups BUILDING SUCCESSFUL TRADERS MGR FOREX TRADING
A little something new No changes to the method of trading Just copied and cloned it onto this lovely commodity And it seems to be working quite well Of course more back-testing needs to be done. We need at least 1 Year of Journaled Back-tested data. Before we proceed into Forward testing. Let's see how this trade Plays out
Looking at a Short opportunity at the moment on NZD/USD Just a quick 1:1 Risk to reward on this trade When Target gets hit either close all profits Alternatively you can close 90% of the position and allow the last 10% to run down. BUILDING SUCCESSFUL TRADERS MGR FOREX TRADING
I am back guys and ready to start with posting the trade idea before it happens It does mean I need to be up at 3;30am But no bother! Let's Look at Monday's and Tuesday's trades for May 1 TP and 1 SL Not too bad for the start of the week, We are coming off the back end of a profitable month. So I am not too concerned and I will be ready to tackle AUD/USD...
Looking at a run into the price region 0.66500 Hopefully the push from NFP will allow us to jump further.
Unfortunate stop out on NZD/USD If we closed partials at 80% profit then it would have been a profitable day. However following the rules of the system which is letting the trade run to TP. It was a Stop loss day for us, ending the win streak as well. Tomorrow we get back and early to the charts to see what opportunities will present itself to us
Clean scalp trade Will be posting more tomorrow. So sorry for the late post. At least tomorrow work starts a bit later so will be able to catch up on all potential trades for the day to come Cheers and let's tackle tomorrow together
AUD/USD and NZD/USD Looking to trade these pairs over the course of today STAY TUNED!
Clean setups and once again a Lovely TP hit Only 2 days left in the week, so lets see how the rest of the week plays itself out 1:1 Risk to Reward on both trades
This was today's trades on these pairs. Not too bad. Had a good correlation on DXY (Dollar index) as an added confluence A Good Profitable day of Trading!
Unfortunate SL on this pair Clean trade. All criteria met however just one of those days We come back tomorrow refreshed ready to tackle the morning session
Hey Guys sorry for the late idea Trade is gone but wasn't too bad of a trade 1:1 RR, Quick pips ;)
A long or short opportunity will be valid if we have candle closure above or below the level Money management is key Risk to Reward 1:1
Just the sells we have running for NZD/USD Not looking too bad. Partials have been taken when price ran 90% in profit. At the moment SL is at BE and we just looking to see if we can catch a runner