Also, I tend to mistakenly make my lots sizes to small. For example 0.01 when I want 0.1. When I see the price move in my favor, but I’m only making a few cents from it, that’s when I notice :mad:
Here’s a chart I’ve set up. I think my lines are pretty true. I missed that first breakout at tha .197 range, but I’m ridin’ another now. I’m reading this great book that has significantly improved my trade entry decisions. Hope u like.
I’m now gettin’ into fib lines too… they’re good stuff.
Side note: I just lost a whole mess of trades…
… don’t feel that bad tho ‘cuz I’m learnin’…
… and synergistik, sounds like you trade over way longer periods than I do. Do you scalp or swing trade too?
Nice pic thats a good way to trade pulling trendlines gives you a of information they are support and resistance lines too and they reverse their roles when they are broken from resistance to support and vice versa how did you make your triangles blue ?
My mq4 has a triangle option and the default color was blue. Very helpful visually. I’m learning so much every day.
Oh yeah I see it now thats pretty neat I didnt realise you could do that.
Okay, so I’ve been havin’ my *ss handed ta me tha past few trading opps. First lesson: try ur best ta close all trades before tha market closes on Friday. Gettin’ chopped up on Sunday just ta have trades turn around on Monday is no good. Second Lesson: Don’t get ****y. Slow and steady wins tha race so stay conservative. (These are my personal lessons learned from trading) Plus I was experimenting with scalping… lol not my forte I guess… but anywho… Here’s a trade I’m lookin’ at now. I have a buy goin’ even though it’s near a channel resistance line. According ta my trading plan, I got a buy signal so I took it. I kno my chart looks like a mess but we’ll see how this one plays out… I got similar buy signals on two other USD pairs as well.
Edit: This is a pending order. It hasn’t quite hit yet. My GU did tho, and my EU is really close.
!!! Got a whole bunch of sell signals on tha JPY pairs. Hopefully they hold for a lil while… I got in early on a few of them too! Not sure if there was some news or if this is just early market noise. We’ll see… Here’s a pic.
ewww… false breakout on JPY pairs… Lucky for me, I lowered my position size because tha breakout was against tha trend. Got a win that outweighed those by a ton on the USD breakout with another close behind. Nice ta be out of that losing streak…