I read the whole thread, mark S/R on M and weekly, enter on daily at S or R in direction of monthly trend.
but your first screenshots dont really align to that? Plus you said 300-400 pip stops but your taking 10 pips profit? im confused not doubting thats all.
I’m not sure I’ve ever said enter on daily at support or resistance. I’ve said mark support or resistance on the monthly and weekly and look for an entry on the daily or lower time frames.
Waiting around for entries at support or resistance is like trading once in a blue moon.
understood, thanks for clearing that up. So then in essence what is different about this strategy to others is the RR is not what we would consider in usual “teaching” normal.
Any chance you could include your opening times on your screenshots at all, just to give us an indication of holding times and look back at your entries?
Thank you. Just curious, for all these positions is your SL set at 500-700 pips away?
I also use C trader and have a similar sized account but my lot size is always 0.1 - 0.5 to maintain a 5-10% risk per trade. If I input 1 Lot on the same pairs it gives me around 30-40% risk? Am I missing something?
And yet here we are 11 months later… Scalping the market for 10-20 pip profits… Holding 1 lot positions open for a few minutes, hours etc… (You can see here)
So, you’re now an amateur or maybe a bottom feeder…
No, it depends on the entry and where the nearest support or resistance is. Some SL’s could be 350 pips away.
It depends if you mean your account is similar to £10K (because mine is now closer to £30K) I’ve scaled the lot size as the account grew to expirement.
I think the focus here was supposed to be on the P&L, the rest is obviously old.
All due respect, you add a lot of valuable info to this forum but your bashing on this thread is getting a bit old. His original strategy works, I’ve seen my account go from $11K to $14.6K in just a matter of weeks using it.