Another thing I'm working on is only trading one pair at a time, that is, not be in more than one trade at a time... I've found the more trades I'm in, the more stressful trading becomes. It's fun when you are in multiple trades and win them all, ...

Goals will either limit you or push you beyond your limitation

What will I be looking for on the next hourly candle close? Ideally, it will do 1 or more (hopefully all of the following): 1) Exceed the last hourly high 2) Close above the last hourly close 3) Close above the last hourly high Too me the most ...

Goals will either limit you or push you beyond your limitation

Well I did it... I spent most of the last hour posting here, and trying not to watch my trade It closed just barely above the prior hour candle, so looking okay so far. Now what to do for the next hour so as not to burn my eyes out watching my ...

Goals will either limit you or push you beyond your limitation

Another thing I'm trying to figure out is whether or not I should pay any attention to the news. I did get stopped out one time this week on a news spike. But I don't really think I need to pay much attention to news. If you are on the right side of ...

Goals will either limit you or push you beyond your limitation

Another thing I'm liking about this system of trading is that I probably only need to look at 1 or 2 currency pairs. This week, I've had most of my success on 2 pairs, the GBPJPY and GBPUSD. I'm considering, just focusing on those 2 alone. But I ...

Goals will either limit you or push you beyond your limitation

Also, the above trading R:R scenario is risking only 5% of starting capital per trade. In reality, you could lose 10 trades in a row, and still be able to make it back to break even with 2 winning trades at 5:1 R:R. However, if you are losing 10 ...

Goals will either limit you or push you beyond your limitation

I see a lot of questions about whether you can make money on a small account. I used to have the same question. Most will say no, it's not possible. But I think the above trade is a good example of how it is possible. For example, if you are only ...

Goals will either limit you or push you beyond your limitation

I will be looking for price to close above the consolidated range it just broke out of. If it closes within that range again on the 1 hour chart, then I'd lose confidence in the trade and possibly look for an exit to minimize loss...

Goals will either limit you or push you beyond your limitation

As long as it breaks above the most recent swing high of 174.092, I'd expect to take profit around 174.669. So, if all goes well, looking at a 5:1 R:R...

Goals will either limit you or push you beyond your limitation

image

Goals will either limit you or push you beyond your limitation

Another good set up on GBJPY We had 5 hour of price closing within a tight range on the hour chart. Plus pair has been on a strong bullish uptrend. And it's bouncing above the 21 ema. Saw it move out of the range and jumped in, probably a bit ...

Goals will either limit you or push you beyond your limitation

This is my ideal trade. If I can get an average of 1:12 R:R on all of my trades, that means I only have to win 1 out of 12 to break even. If I risk 50 dollars on each trade with this R:R strategy, and only win 25% of the time, I still come out ahead ...

Goals will either limit you or push you beyond your limitation

Tried posting a chart, not sure if it worked the first 2 times... Anyway, showing one of my latest trades. Entered yesterday when I saw the price bouncing off the bottom of consolidation. A good R:R on this trade, currently sitting on 10:1 and ...

Goals will either limit you or push you beyond your limitation

image

Goals will either limit you or push you beyond your limitation

image

Goals will either limit you or push you beyond your limitation

image

Goals will either limit you or push you beyond your limitation

Update.... 7 months later... Was humbled by the market again... But I haven't given up. I went to demo for a while, and just recently went back to live trading live and full-time. I wanted to apologize again to any whom I might have offended with my ...

Goals will either limit you or push you beyond your limitation

GBPJPY trade management url

Goals will either limit you or push you beyond your limitation

GBPAUD analysis and GBPJPY trade management url

Goals will either limit you or push you beyond your limitation

GBPAUD trade management url

Goals will either limit you or push you beyond your limitation