It looks ridiculous to buy at the support of a longer term down trend(15 Minutes), however, I spotted this setup on the 1 Minute Time Frame, and my initial SL size was 7 pips or so.
My earnforex RR calculator says that 1k on 7pips is over-margin, but when I clicked T, and clicked enter, the position went through. LOL. I think the calculator might have some issues.
1154SGT 04032025
My earnforex RR calculator says that 1k on 7pips is over-margin, but when I clicked T, and clicked enter, the position went through. LOL. I think the calculator might have some issues.
1154SGT 04032025
Trade closed: stop reached
-1R loss.Now, I am trading 2R TP with my opposite is true account, from the previous 1R TP.
I realised I was leaving alot of money on the table so I decided to go 2R TP.
I could go for more, 3R or more, but then the win rate would go down. I don't like that. I prefer a more stable winrate.
Besides the increase in RR TP, I also think I would prefer to trade take trades with the overall trend.
But the trend I take defers. Sometimes i take the trend of the entry time frame, or I move a time frame or two above.
Sometimes I trade the SNR range.
I think this part is a blurry line that I would need more time to figure out.
Some simpler idea is, Price broke up wards, I take the opposite direction on my opposite is true account.
2322SGT 04032025
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Disclaimer
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.