Hard to see any upside trend on 4h chart but possible scenario;
Measure twice, cut once
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Dislikedthat's why i make my analize on biger tf and search for enter on smaller.
menage to catch it..
now another hard part.. the tp
around 0.9090 could be a good one (above the line and 61.8)
i am out @ 0.9102 (got my 500 for today)
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DislikedSeems it's a breakout day today...
G/U , G/J , U/C, U/J , E/U & Now AUD/USD......
All Are successive Breakout's........Ignored
Dislikedgood job umairs! bdw, ive question...
1) you enter for the successful breakout and how long usually youll be in market? it seems like you are taking quick position to exit.. i think its great but you dont ride for the pips if theres possible?
explanation with charts should be great...
cheers!Ignored
DislikedIm trading with some rules and regulations and Im very much strick to them...Im with both mini & standard accounts... & Trades daily on mini and trades only on My standard account when im sure about my victory and targets +30 Pip's otherwise just target +10/30 Pips in mini as i trades on mini daily...& I like to take advantage of all kind of breakouts even just for +10 Pips also... Being a daytrader i hardly hang my positions into next day and avoide to enter in a cricital news timing coz my SL is just -30 In non Jpys & -40 In jpys related pair's....& about exiting point of view then i got some exiting problem in past as i just target +30 Pips but Market moves more than that even more than +100 Pips but still i target for just +30 Pips and i believe im now successfull Because im strick to my rules even lot of times im sure about market to move more than +30 even +100 Pips like i have said in my tomorrow post about G/U Breakup that if it successfully manage to break than more than +100 pips move will be there and it also happened later on but even inthese cases i targets for just +30 Pips on standard. As i said i trade on mini daily for 10/30 Pips depends on breakout condition & dont do more than a single successfull trade in a day and in my remaining time i do practice hard on demo and observe the market but on standard i do 7/10 trades in a 22-Trading days of month targeting +30 Pip's with 1/3 Standard lot's. I dont hesitate to trade on any pair anytime accept closing session coz i believe on myself and experience...Forex is my part-time business ...But still at the end from last 2/3 years i manage to lock green pip's... reason is my rules and experience......Ignored
Dislikedthank you for the explanation... its really inspiring and now i know the key or ur success... you are not greedy with pips but you consistently targeting the reasonable pips and that bring to your success..
seeing many of your charts sometimes shown that it was a simple breakout but u still go for that even it wasnt on the suppose direction on the market situation on that time but u still manage to lock few pips.. so nice..
its true trading is based on people personality but your discipline is leading you to more success... well done!Ignored
Dislikedthat's why i make my analize on biger tf and search for enter on smaller.
menage to catch it..
now another hard part.. the tp
around 0.9090 could be a good one (above the line and 61.8)
i am out @ 0.9102 (got my 500 for today)
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DislikedIm waiting & looking forward for Usd/Chf Breakdown & Nzd/Usd Breakup...lets see......Ignored
DislikedSee the screenshot of Usd/Chf Break down for +40 Pip's & Nzd/Usd breakup for +35 Pip's... Hope so More are expected...But I was keeping an eye on both these pair's and both successfully managed to breakout...
This is a good week for me... Hope so for you all......
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Dislikednice found out umairs! seems u go for any breakouts in any pairs! u didnt consider about the large pip spreads for certain pairs?Ignored