During the signals I will advice to either close the trade completely or to leave a partial open for more potential profit. TP levels can change, so keep your notifications on at always! Never forget to use solid risk management. If you need risk management advice for my signals, I can give examples.
May the best trader win lol
Higher timeframe is in an uptrend. So I can understand why you are buying. However I think it will reverse on the D1 and lower timeframes.
Actually I would have been long last Thursday morning if the pull-back had not been quite so deep. Or perhaps not as I was already heavily short JPY on other positions - can’t be bitter about missing this one as the others ended well. Right now its hard to see CHF being weaker then JPY but these things do happen - this is a weak JPY pair.
It might. I have a buy order for this pair already set, based on Friday’s high. Although I have this ranked as the most bullish JPY pair (actually the most bullish pair of the top 28) price has climbed so dramatically since early March that a consolidation at least must be expected soon.
As you can see I’m only going for the undramatic high probability stuff.
My big problem is the long-term trades are slow. Often in the past I have got impatient and drawn capital away for faster trading - it never worked well. I think I’m over it now.
The right trading style is so much more important than the right candlestick entry pattern or the right MA periods.
So long term trading does not fit your personality and you prefer to have quick results, just like me. However you find it more difficult to do short term trading. Am I correct?
The long-term is better suited to me, but I have to work hard to control my impatience. When I control my impatience, the long-term makes more profit, it just takes longer.
You already have a clear image about your personal weakness. Good. Now you just need to program your brain and habits into seeing long term as breathing air. You already have proof that it works.