nice job i went to observe the GBPCHF so i took the same trade. But i didnt set a 2nd TP. I have a question, instead i took multiple tP on TP1
Thanks man, just trading to show that anyone can do this. Just takes some patience, discipline, and work ethic to get there.
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trueā¦ you gonna start taking technical analysis requests now? lol. thoughts on AUDUSD?
Never mind sharing ideas. Never know what someone else can see that you donāt. Just mine is usually very simple analysis lol. Here are my thoughts.
AUDUSD
yep, very true. good to have another set of eyes around the marketā¦ yeah just been hovering around that .75 level. hopefully we get a clear move soon
Got a nice $246 profit this morning on the GBPCHF trade, thatās one amazing call. Closed up all the trades cause I feel thereās going to be a reversal on this new highā¦ nice one @Alg626
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One thing I do notice in your strategy is that you look for the previous high, allow price close above and you do same for sell. Donāt you also check out for retest ?
And if let me say thereās a strong uptrend and price closed up on the previous lowā¦ Are you still going to sell cause price respected your zone or wait to see if it was just a fake out
nice bro, shouldve followed along!
What price did you get out at?
I do look for retest, I have some charts marked with some entries after a retest once it happens. But lately Iāve waited for price to move on that direction before entering.
I would probably wait see, if price is pushing on through the low and closed then I would be looking for a buy. If it bounced off that area and gave me some good looking candlesticks I may enter a sell.
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1.27141 and right now price is still on that range.
I must say your strategy is simple and unique, maybe with this you get a win percentage of 65% and Iām okay with that. Having some financial difficulty but I would love to take on the 200k FTMO challenge and jst stick with a single strategy and see progress
Yea right now the journal shows just under 80%, which winning % isnāt the only barometer of a good strategy. I just want to know if the thing makes money over time lol. Which why I backtested this way, was simple and everything I watched from guys who were professional traders in banks and such had a simpler style. Simple with some technical analysis thrown in, then set the trades and expect the unexpected.
They have a $25k thatās a little easier on the wallet. Just scale your lots down to 0.50 or even 0.25.
Oh for sure I will let you know when I do get the account. And you still work, why donāt you think about taking this full time
yeah he def can quit the day job and do this full time! lets go ALG!
I am, I hope by this coming up summer to be full time trading. Iām saving up some capital incase when I start I hit a rough spot and need some to carry me through paying the mortgage and such. And I also want to open a personal account that Iāll trade through a US broker, either IG or Forex.com along with FTMO.
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got a new nickname for you ALGā¦ āThe Plugā lol 
I donāt know about all that. I use the thread to help myself and whoever else may need it.
I also post live as much as I can to kinda make me practice what I preach. Keeps some accountability.