Oh yeah. Of course. Everything is a matter of practice. Whatever works for you is all I really care about. Aside from trading, one of my great pleasures is seeing posts where someone is happy about a nice profit.
I love how well you handle everything though. Youâve been a warrior and always making progress. I always enjoy your posts too.
Wow thatâs crazy. Is it the guy with the long hair and funny hats?
Yeah, thatâs him. I canât remember his name.
Oh man, thatâs tough, sorry to hear. How does he work risk management?
Been there! Actually there right now!
1 Like
Buddy of mine was trading options there to start out. I hear they have great video content to learn.
1 Like
The market wants to kick you down, steal your wallet, and then run over you with the getaway car.
Then it waits to do it to you again as soon as possible.
Donât allow it to bite ya.
Yen pairs. I love them until I donât!
1 Like
I feel like BTC USD will have the same personality if not worse.
My objective is to earn 500 GBP a week so I can spend time learning to play golf and DIY. The hourly chart seems to give me the right amount of flexibility but Iâll see how it goes.
1 Like
I started with $10,500 a few years ago. Within 6 months, lost $7,000ish. And thatâs after I thought I had figured out everything I needed to know about trading. I was going to double it in a year and then double one more time to get an account size where I could literally trip over $4,000 a month profit. Which would be all the extra income me and Mrs AT need to take lavish vacations and lobster every night.
But, when I look at my conservative trading methods - I confess that when my account was at$5,000 I was averaging between $4 and $5 hundred USD a month.
When my account was at $10,000, I averaged about the same because I didnât want to ruin all the hard work I put in getting back up to the $10,000.
But at $12,000 I for some reason started thinking I could really go for bigger profits because I had $2,000 âplayâ money. As long as I kept the account over that $12,000 everything was good.
So thatâs where I really finally felt I could be free to go for a nice, realistic, consistent monthly profit. But totally ok with making $200 one week and $800 the next.
1 Like
I did the easy scalp this morning. While candles were below the channel, I placed a pending Buy order just above the lower VHP Channel line and catch price coming back up.
I did close at the midpoint line because my breakfast was ready.
Like this:
1 Like
First third of January stats:
22-0.
My best record so far. Not my most profitable, but most stress-free.
1 Like
Another possible candidate for a pending buy just over lower VHP channel line.
Angle of channel is not as good as it is not angling upward. But its not angled too far downward either. Close point would be the channel midpoint or the purple 200 ema.
1 Like
Is this a new template @AmericanTrader ? The one I have looks like the Christmas version.
Iâm going in on this thanks!
Not a new template. Just have the XU Channel turned off. The button for that is at the bottom of the chart, toward the left.
Note: Since the drop to the bottom of the VHP channel was nearly vertical, the rise back to the top will typically be a more gradual (20-30 degree linear rise).
This is awesome thanks, Iâm learning a lot from your posts!
1 Like
Just look for opportunities. Several come around every day.
It would be ok to say the UJ trade is a break even at worst. So what I would do, if it doesnât hit the midpoint channel - is to go to the next higher timeframe. In this case, the M15, to see if the pattern is still in there.
In this case it is. If we placed a Buy order on M15 with the same criteria, this is a good entry. Also note that the VHP Channel is angling upward on this timeframe.
