Goodness, yea I meant 43 pairs. I don’t always trade each pair, just when a setup comes along. But I do go through the charts on 48 different instruments. The other 5 are USOIL, AUUSD, AGUSD, AUEUR, AUAUS.
I don’t avoid any particular currency, FTMO allows me to trade 44 pairs and I trade 43 of them. I don’t trade the USDILS.
I don’t come close to minimum margin requirements lol. Never been margin called. When I open trades with my lot size, I know what the lost would be before I open the trade. Even if all my trades hit my SL I’m still under the daily lost limit.
Nice content you got here sir, I have a working strategy that made me 10- 15 percent this month how more months do I have to test it with demo trading before going live account?
If you could backtest it from the last six months then I would be comfortable using it. But just for me, I always try to backtest the past six months before trying something new. You want to try and capture different market conditions that may happen. And even then 6 months is a small sample size, but it’s where I start.
Here are the journals for the week and weekly round up for the charts.
I made a change in the way the journal looks, you’ll notice I have an area colored in grey. It’s the same trade I opened but just a break down of pips and value where I closed some of the position. Usually at my TP1. If it hit TP1 then retraced back to BE you’ll only see one line item for it since the other position closed at BE.
awesome brother, going to check it out later this weekend. really appreciate all the info you share with us. nice gains!! i trade USOil too but on my Futures account, spreads are tighter
Have added a couple links to videos on the bottom of the top post of the thread if anyone wants to take a look at them. They’re more about the psychology side of trading.
please i want you to make something clear to me about supply and demand. i thought supply and demand is similar to support and resistance, like they both are just same thing
I’ll post up some charts with examples when I get back in front of my computer on how I view the different zones.
Sometimes they all happen at the same price. And sometimes they have their own little areas going. I think of supply/demand as a weaker support/resistance zone. I usually call it accumulation more so then supply/demand.
Which all that probably confused you more then before. Lol.
