How your trading varies from day to day?

[Hanif484]

Could be one or more depending on the situation. You can see my covered price red line meaning the candle needs to be red and closed on that price before we cover stops.I have some quiet time tonight so i wanted to post this one. In my rules i stated we could enter on the next candle after the highest high of the last 5 candles as long as it met the risk criteria to the pivot low and in the sweet spot zone of the rsi on entry. Here it met all conditions. So this is a #2 entry candle i spoke of. When i say cover stops i mean bring all orders or postions to break even

[Hanif484]

Ok target hit and closed out for the weekend.One position here only because didn't won't to carry over the weekend. Here is a more detailed explanation on the Aud/cad. You can see our risk which is our entry candle versus the top pivot to the left....so we had room to run.
1.Got filled on the next candle with buy stop above entry candle.I allways negate if not filled on next candle.
2.No heat all...covered stops at half the risk--which is half the distance of entry candle.
3.Daily RSi up.
4. We had no LL and LH coming down so the trend was still in the buy mode.
5. We had a SR zone to the left covered in the green shade.
Have a great weekend

[Hanif484]

You can refer back to this post for the rules :I'm going to try to post this on my 1st post..the page # anyway. I'm no longer trading the pin bar trading strategy. This 5 bar--candle pullback is much more consistent on winners trading with the trend. Here's how i trade it .
1. Trade only 4 hr charts..with a 20ema and 50 sma. 20 ema over 50 sma in trend.
2. We try to get the first couple of pullbacks in the trend.
3.Learn how to count the 5 bar candle set up.Highest high on sell and lowest low on buy. Does not have to be consecutive.Number of candles don't matter in the pullback. We are looking for a top or bottom 25% close for entry.
4. rsi 5 on daily charts and rsi 5 on 4 hr charts. Sweet spot on buy is between the 50 and 60 ---sell is between the 50 and 40.I prefer the 4 hr and daily rsi going in the same direction on time of entry.Also make sure the price goes up over the 50 rsi line and back down on sell and vice versa on buy on the 4 charts.
5.Very important : The risk of the entry candle or candles ( 2 at the most) needs to be equal pips or less from the low/high of entry candle to the pivot low/high depending on the trend.Another words we are looking for at least a 1:1 or better to the pivot low/high from the low/high of entry.
6. Personally i identify a pivot low or pivot high as 2 candles on each side of the middle candle.Middle candle being the lowest low or highest high.This is for targets not entries.
7. If i'm selling and anticipating a potential sell entry i do not won't HH's and HL's going up.Vice versa for buy HL and HH.Watch the swing points- pivots for high's and low's. Example below.

[kamcah]

Of course the response to each of our daily exchanges can vary from day to day, whatever the tactics, whatever process we take, of course you cannot accept the same consequences day by day because the foreign exchange market is very passionate throughout mother nature. My spouse and a large number of periods make a small income and often earn without income for up to 1 week.

[Granjum008]

"Assume you average five trades per day, so if you have 20 trading days in a month, you make 100 trades per month.
You make $3,750, but you still have commissions and possibly some other fees.
Your cost per trade is $5/contract (round-trip)

[Granjum008]

Only when the trader starts earning substantial, his life style changes'. ... These are those stocks which we believe will perform in the next day based on last hour ...

[lakum]

The trade is certainly different from day to day depending on the technical analysis of my day on the currency no doubt. I just left it and let it move as far as I wanted as when I got it I grew so the next day I just let it run. I can now predict market trends and that helps me to get success in forex.

[Hanif484]

Once we get our HH, HD can no longer form on this scale, thus we wait for our pullback and a nice 123 forms to get back into the uptrend.

First, the divergence, then a 123. I ignored the first one as at that moment, despite the divergence, it is counter-trend and thus risky. Hidden divergence could lead to failure. It would be an aggressive trade.

[ratu]

ok you're right, because we can't get a stable value, several times we have to face defeat and some periods we can get profits, and the main reason is that the market is not stable, we cannot appreciate it well, so we have to agree to losses, and profit. I am clearly very easy to say than done to do with a variety of variations every day and very confusing ... the difference that is urbanized alone is very difficult, let without assistance run some things .

[Hanif484]

Wave C or 3 is clearly 161.8% of wave A or 1 (they both have same fib relationships).

It doesn't answer the question as to whether we have topped on the Dax and soon to do so on the Dow yet, but it does give more clues. A fresh high and we are printing 5w, (and obviously you can not have one single 5w set), thus much higher to come later, or a break of last sig low and we will probably be heading to fresh lows on Ibex & Dax, with the Dow more than likely finishing it's wedge;