aliassmith wrote:I Have been looking at EURUSD a lot recently because it allows for some good stop sizes and R.
I was busy today and didn't trade. This is a trade recap of what I missed. Truely I would have only taken the last 3 trades because that is when I have been trading the most. Maybe one from late London.
#1 -6 / SL 6
#2 +12 / SL 7.8
#3 +20 / SL 5.6
#4 BE / SL 6.7
#5 BE / SL 4.6
#6 +11 / SL 4.2
#7 -8 / SL 8
#8 +20 / SL 7.2
Optional scenario is no BE and full stops then UK nets 15 pips otherwise its 26 pips
US nets 23 pips. (2%)
Total 38 to 49 (3.5% to 4.5%)
I would rather trade 3 hours for 2% than 9 hours for 4.5%
Goal is to never take another 10 pips stop again on a M5 unless the ATR(12) is high and I reduce my size.
Your mileage may vary.
So the trades look pretty standard DH style. In the pic I'm guessing the trade on the left was a no go cuz the sma was red. 2nd never broke the candle. 3rd one looks like it might have been a valid trade. Any reason you didn't count it?