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Wannabechamp replied Oct 20, 2015Nice one keep going! hope you are getting better trades and better RR
High Quality Trades Only
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Wannabechamp replied Oct 20, 2015I will also do a small post about risk management as it has come up on a few post I have read. This is the most important content when teaching my students. Risk management is always key to building your own strategy.
Wannabechamp Journal
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Wannabechamp replied Oct 20, 2015Not trading today, but will scan again in the afternoon, I am not worried about my long on the GBPJPY as it broke swing high, it can do what it wants but i want it to hit my target. or even get close to it, the trade is a 1:3 RR so anything above ...
Wannabechamp Journal
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Wannabechamp replied Oct 20, 2015That chart looks beautiful haha Does look like a retrace back up 61.8% before further down!
More simple is impossible
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Wannabechamp replied Oct 20, 2015that short set up doesn't look bad at all!
High Quality Trades Only
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Wannabechamp replied Oct 19, 2015Following this I forgot to mention EURUSD looks like another drop soon, , 4h developing. Whoever took it from the 15th is doing well, and the people who caught the small reaction at 18th oct. right now double bottom 30m, 10m says short. If this ...
Wannabechamp Journal
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Wannabechamp replied Oct 19, 2015Going through the charts GBPCAD was the one to take today. The set up was there and it just rallied with no sign of exit. Following this USDCAD and GBPCAD rose, so after my short on EURCAD I definitely should of payed attention to these as I ...
Wannabechamp Journal
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Wannabechamp replied Oct 19, 2015I agree that R:R alone doesn't give you enough information to know if the system is good enough or not but in the idea of building your own strategy you should be aiming to these figures and applying good risk management Personally 100 trades a week ...
High Quality Trades Only
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Wannabechamp replied Oct 19, 2015Oh apologies of the misconception. Yeah nothing wrong with CFD's Its just the 'wording' of the two and how they are executed that make them different. Overall its the same thing really. If you are in the UK spread bet always spread bet... tax ...
Andrews Pitchfork (Median Line)
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Wannabechamp replied Oct 19, 2015Well going back to the rules of the PF if it hits the MLH it should have a reaction, I mean the AUDUSD fork isnt bad maybe it needs to be refined, but the Long didnt go anywhere near and previously it went past by a bit before it retraced. The ...
Andrews Pitchfork (Median Line)
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Wannabechamp replied Oct 19, 2015I'm not sure of your level of experience but the main thing is spread betting is tax free, CFD isn't. If you want more detail I can post something about that in my journal even though it's in my course
Andrews Pitchfork (Median Line)
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Wannabechamp replied Oct 19, 2015No even if you have a 80% winning ratio and your RR is less than 2:1 it's not worth it. Trading is a personal business, so if it works for you it works for you then good for you. In regards to my group of friends, all my ex clients and professional ...
High Quality Trades Only
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Wannabechamp replied Oct 19, 2015Just took the intraday trade out at close to BE and left it at that Enough for the day do not want to overtrade as have taken too many positions today as it is. Will post it later and will also post my review on my trades too. I did try a few swings ...
Wannabechamp Journal
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Wannabechamp replied Oct 19, 2015Signal is good for long so far, now lets see if it runs. If not I will take the small loss on the chin. Then I will be done for the day, and will come back later to review my trades and what I could've done to improve. Lets see if this pans out, US ...
Wannabechamp Journal
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Wannabechamp replied Oct 19, 2015Doesn't look good, didnt reach MLH
Andrews Pitchfork (Median Line)
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Wannabechamp replied Oct 19, 2015added to my long on gbpjpy 1 failed attempted earlier, 2nd attempt will upload both after I already took some profit earlier
Wannabechamp Journal