5-Year Plan - Trading

Sorry to hear about the loss, one has to be able to accept them. If not, you will constantly be tuning your strategy, compounding losses as you jump around with different systems.
 
moin1 said:
I am doing this for more than 10 Years and i can say i am consistently profitable. Now i have some money and a fresh mind to focus with a plan :)
But you are right...this is very difficult way
More...
to bring profit consistently from this trading place really a big deal , by the way sounds really good that you have a nice confident , good luck for you , happy trading.
 
HhuX5OzW

Nice Pattern
Bullish Bat Pattern
D = 0.886 XA
D = 2.618 BC
Quasimodo Structure

Hammer on H4
I will set a Buy Stop Order over the High of the Hammer Candle on 4H
SL Below
 
t5Y89dRF


Update on my trading idea from Jun 24th.
This trade worked out fine. I was able to pull 185 Points out of the market with a ristk of 60 Points...RRR = 1:3
 
moin1 said:
HhuX5OzW

Nice Pattern
Bullish Bat Pattern
D = 0.886 XA
D = 2.618 BC
Quasimodo Structure

Hammer on H4
I will set a Buy Stop Order over the High of the Hammer Candle on 4H
SL Below
More...


moin1.png


I see that you are doing swing trading.


If I just focus on this picture only .....

Do note that price was going up ( X to A).
After point C ( 17 Jul, early European session), price started to reverse direction.
There was a reversal signal to short indicated by my arrow.
C to D is about 90 pips which is very decent.


At point D, the down force momentum is still very strong.
There is no indication to show price will reverse direction and go up.
 
Thank you very much for your assessment. I will be careful with this one. A trade will be taken if a reversal is showing up...no market orders.
 
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