Buying the breakout of the range.
Forgot what time frame I decided on the buy, but I see the hourly time frame shows quite abit so I posted this entry on the hourly.
2325SGT 04032025
Forgot what time frame I decided on the buy, but I see the hourly time frame shows quite abit so I posted this entry on the hourly.
2325SGT 04032025
Trade closed: target reached
+1.5R profit.This is some of the past trades.
I am somewhat exhausted now because I am juggling between the body and eyes aka main and opposite is true.
I feel that the body has detected the eyes so it is currently trying to eliminate the eyes.
i have some rules I need to abide to.
1st - Take trades with the trend for opposite is true.
2nd - Take less trades.
3rd - Do not take correlated pairs aka if I am buying EURGBP, I shouldn't be buying or selling GBPJPY. Taking both sides or taking double the same position on the same side at the same time(as long as the position hasn't closed yet), and inevitably, something has got to give.
When you make 2R on a position, you should savor(forgot how to spell) enjoy the win, instead of having another correlated position taking away your profits made, or doubling your losses or wins. Both which would cause your heart to get tired, due to the double or multiplied work that decreases the profit.
2013SGT 06032025
Note
+1.5R profit.This is some of the past trades.
I am somewhat exhausted now because I am juggling between the body and eyes aka main and opposite is true.
I feel that the body has detected the eyes so it is currently trying to eliminate the eyes.
i have some rules I need to abide to.
1st - Take trades with the trend for opposite is true.
2nd - Take less trades.
3rd - Do not take correlated pairs aka if I am buying EURGBP, I shouldn't be buying or selling GBPJPY. Taking both sides or taking double the same position on the same side at the same time(as long as the position hasn't closed yet), and inevitably, something has got to give.
When you make 2R on a position, you should savor(forgot how to spell) enjoy the win, instead of having another correlated position taking away your profits made, or doubling your losses or wins. Both which would cause your heart to get tired, due to the double or multiplied work that decreases the profit.
2013SGT 06032025
Add :
4th - Take more Rs' instead of the 1.5R, cos as you could see on the above chart, price has continued to move beyond the 1.5R you set. I recognised this fact after reviewing my trades at about the 43th trade mark, that more often than not, my winners touch at least 2R, and alot of it go beyond 2R, one of it reaches 6Rs and the other, 9R.
So, taking 2R TP isn't alot to ask for, especially if the winrate remain the same as the 1.5R TP winrate.
2015SGT 06032025
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.