Hey guys, newbie over here, i have been trading about 6 months, and now in the breakeven level: I trade using micro lot size
So its like i am going nowhere using ichimoku but yet it is reliable compairing with other indicators
My trading would be like this:
Always look for CFTC report data, and do some ploting of chart
Look out for Economic Indicator USD EURO CAD CHF NZD JPY GBP only
Trading with Four Hours time frame, confirm with the daily time frame and weekly time frame for the trend
Always look for Tenkan-kijun Cross, then kijun Cross, then Kumo Breakout, then Kumo switch and Chikou Span Cross
Place the pivot point
Place the fibonacci point for the entry
The Flaw is that i only trade in front of my computer like 1-2 hours only. I cannot observe full time, so thats why i missed the crosses. Last night i trade USD and CAD pair, and i lose even though the chart showing the curent price is below the Kumo, which i believe is bear environment, when the price hit the retracement fibonacci level it does not bounce back but cross above the freaking Kumo, which i admit, this is a losing trade, but my emotion takes in to fight again the trend by consistenly place sell oder at the peak of the candle shadow, but futile. My best guess is that i ignore the indicator suck as CPI and i’ve been whacked mercilessly. Too sad
Is there any way that i can enhance my trading strategies?
Do you guys always trade in front of computer? how long?
For the entry order, what is the stop loss you guys placed? 5pips loss or 10 pips loss? or based on your risk appetite percentage 3%?
Recently addicted to leverage, i begin to trade 2 to 3 lots together in 1 order, should i do that?
Should we consider using multiple time frame? Whats the purpose? Or single timeframe wont tell us everything right?
Hope you guys can give me a little bit guidance, thank you