cfabian wrote:Very nice adaseb...
Weren't you too brave to short after that long momo candle?
As you're from Canada, I wonder if you stay up night long during UK session and sleep durinig day, or you dont sleep
?
adaseb wrote:
Each trade I always started with 1/2 a position and this trade went against me no more than 5 pips before heading down where I added my other 1/2.
In the past I would wait for confirmation in a lower timeframe but what always happened was the confirmation came too late and by entering lower presented more risk.
I pretty much entered blindly 1/2 a position using a limit order, ONLY if I saw some held profit in the opposite direction. There were a few that blasted through my order however pulled back so I could get out at BE.
What helped me is I found this program that is similar to Metatrader its called Forex Tester 2 and its basically the same platform however its great because you can view multiple time frames at once which Metatrader stragety tester can't. So I basically must of done about close to 1000 of these simulated trades and I start noticing patterns. Where to enter, where to add, where to lighten position, where to get out, where to take profit, etc.
Try the program out. The only limitation is that you can't load more than 30 days of data and the simulation is limited to 30 mins of use. However this annoyance is bearable.
And yes I am from Canada and I just pretty much stayed up all night. I was on a roll and all these pips were like caffeine for me. Sleep was just so not worth it.