My Price Action Trading Strategy

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

2 Likes

Nice, Thanks a lot mate :pray:

1 Like

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?

That’s all gold right there, buddy. Great work.

Hopefully “the market gods” don’t see this, lol.

1 Like

Yea 82.00 is the Full TP but I may take some at 82.50 or 82.60.

Right…going 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.

What’s your daily strategy like ?

1 Like

nah i missed it man. almost 200 pips from opening. damn nice trade. buy some steaks for dinner tonight :cut_of_meat:

1 Like

I don’t have a lot of time some days to look at 4H charts, so this is a swing trading strategy.

It’s 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 it’s a breakout and clearly headed to a strong R level.

2 Likes

nice trade Matt. good eye

USDCAD 4hr. Price is above 1.26. Let’s see if it closes above
Screen Shot 2021-11-17 at 3.59.39 PM

slight bearish divergence on 4hr as of right now also

NZDJPY looking good for a short. I’m already in it:

I have a sell stop at 78.80 for NZDJPY, I figured since I’ve already lost once this week on it, I’d just do it again lol.

1 Like