aliassmith wrote:prochargedmopar wrote:aliassmith wrote:
You can trade the eurusd for 3 hours in the morning.
The 5 minute chart will give several opportunities through the week.
Try 1 to 2 trades a day.
Have patience if there are no setups dont trade.
Set trading rules for entries and exits as hyde mentioned.
Well now,
Lets see how tomorrow goes.
###8.JPG
I traded like that in the past. It is kinda like catching falling knives.
I would prefer to enter with structure and a bearish bias
Alright Pro. Im gonna trade with ya next week. So its 7-10 est right? Then we're doing the euro. Im gonna do 15m chart. Alais template. If its a momo bar that broke a pointy, I'll do a retrace entry at the break or 50% (shouldn't be a huge difference). Otherwise normal entry. Gonna be aggressive with the sl and use the entry bar for sl (stop cant be smaller then 8 pips). Then for an exit we will record for 2R and 3R and see what the stats are at the end of the week. Here is an example. Did I explain it well enough? Also I wont include HTF anaylsis. Sound good?
I just eyeballed it real quick for the last week. There was 10 trades during this time 5 3R winners, 1 2R and 4 losses



