so for a 10k funded account whats the best lot size to use to prevent a daily drawdown??
Well just depends on how many trades you have going. But I use 2.0 on Majors/Minors on a $100k account.
So $50k I would use 1.0 Lot
$25k would be no more than 0.50 Lot
$10k would be 0.25 or 0.20 Lot size
Nice, Thanks a lot mate
Have entered a short on AUDUSD at 0.7270, with SL at 0.7306
everything against JPY is falling
Have opened a short at 82.860 for AUDJPY.
nice. target 82 area?
Thatâs all gold right there, buddy. Great work.
Hopefully âthe market godsâ donât see this, lol.
Yea 82.00 is the Full TP but I may take some at 82.50 or 82.60.
RightâŚgoing to be in trouble then.
true⌠oil beatdown today
Anyone else in GBPAUD?
Took this trade off the daily chart, which is why my SL is so far away. My Daily strategy is a bit different.
Nice trade, I had an alert marked at 1.6870. Missed it due to not paying attention. But glad you caught it.
Whatâs your daily strategy like ?
nah i missed it man. almost 200 pips from opening. damn nice trade. buy some steaks for dinner tonight
I donât have a lot of time some days to look at 4H charts, so this is a swing trading strategy.
Itâs similar, based on price action; SR levels and candle patterns. But the idea is to catch a runner and adjust your SL daily, similar to a trailing SL.
I set a TP on this one because itâs a breakout and clearly headed to a strong R level.
nice trade Matt. good eye
USDCAD 4hr. Price is above 1.26. Letâs see if it closes above
slight bearish divergence on 4hr as of right now also
I have a sell stop at 78.80 for NZDJPY, I figured since Iâve already lost once this week on it, Iâd just do it again lol.