One of my rules is to do my exits once on the daily chart.
My other rule is to lose a little as possible. I went short on 2/2/2021 prior to the close of the daily candle in the NY sesssion. My system told to go short and I did.
Later on that night while in the Asian session I was testing different aspects of my system I noticed that NZDUSD went well against me lol
I checked my system. My C1, C2, and baseline indicated that NZDUSD went way long. I exited at 44 pip loss which was fine for me.
One thing I am learning about the anything with the USD pairs/Majors is anything is war more possible than with the cross pairs.
I am now learning to manage USD pairs more than I do with Cross pairs.
Fun little game.
I am still analyzing on MT4 and executing on Tradingview or Oanda's platform.
I need to learn how to execute on MT4 because its in price and not in pips like Oanda and tradingview. If anyone sees this and has some tips for executing trades on MT4, please let me.
My goal is to try out for a prop firm in 4-5 months. If anyone can elaborate please do so.
Thanks for being kind.