OK, here is an example of why analyzing your strategy from time to time is good for you. Based on my above post of taking more profit at the first TP (My Price Action Trading Strategy).
If I would have been doing that since the beginning of October, I could have made $5,284.13 more than what I have made in that same time.
i def wouldnt mind an extra 5K in my pocket
Who you kidding lol, me too. So Iāll now start using a different ratio when I take profit.
I was mad last week when I was up $250 on USDCAD and didnāt take profits, lol. I ended up with $30 lol
That was earlier in the week
A couple I have opened this evening.
AUDUSD
USDJPY
This one hasnāt activated yet. My wording on the chart is a little confusing so just clarifying.
Nice call on AUDUSD. TP1 hit?
Hi,
Does server time have an appreciable impact on your 4HR bar analysis?
I donāt use 4HRs, because depending on your brokers server time, the bars can have different characteristics.
Do you think you may arrive at different entries if you traded a different server time?
Or, would you be able to see the same essential market condition?
Thanks to your thread, I am starting to spend more time looking at bars, instead of using indicators!
(problem is, indicators can be automated; bars are based on real-time analysis.)
Yep, so far so good. Took some profit and just letting it run now.
nice work. what do you think about USDCAD? think 1.25 holds? thatās the next support for it. if it canāt hold it, iāll probably open a short position
I donāt worry about what my brokers time is, or their server time. I do know that different brokers can have different server timeās and affect what a candlestick may look like but you could still see what the price is doing. Price is price, though I use a few candlestick patterns I mostly just trade on how price is moving so the server time makes no difference to me.
And actually my charts I trade off of and analysis sometimes show a different candle then my FTMO account. I trade off my TradingView chart and not the FTMO, MT4 chart.
So to shorten the answer lol, I feel you can still see the same essential market condition.
And thanks for kind words, Iām glad youāre able to get some use out of thread. Once you get your strategy in place be ready to work on the psychological side, that will be the part that makes or breaks you.
I mentioned on the chart that Iām not sure how strong that 1.2500 area is. I wish I had shorted at 1.2540. There doesnāt seem to be anything to keep price from falling based on looking at the chart. Just have to see how it approaches 1.2500.
true, wāell seeā¦ i was short on Friday near 1.259. had my stop at 1.261. wish i waited a little longer to go short, could have made an extra $100 lol. but its all good, $400 trade is good for me
Here is another I havenāt entered yet, waiting on price to pick a direction. Supposedly price continues the trend 75% of the time after accumulation, so weāll see.
EURUSD
Another that is ready, I was late so my order hasnāt activated yet, but expect it to push on down.
EURNOK
yeah im watching EURUSD too. The Dollar is currently holding 95. didnāt move too much Friday so EURUSD didnt move. thank God AUDUSD and NZDUSD deviate from the Dollar lol. USDCAD and GBPUSD do too
damn u ready bro lol
lol, I just set everything up on the weekend and wait for price to get there. Seems that a few are hitting early this morning. Now letās hope they continue my way lol.
