Straight away you can see how B grades perform better than C grade trades, this is why it's key to be selective with your trading. This trade played out great, but by following my plan there is still no entry for me as price is still inside the Asia range zone.
Another trade today with the same problems we saw earlier and have been seeing throughout this week. These problems being inside the asia range and having an over extended entry candle. This has saved me money countless times to avoid these trades and I will continue to do so.
If you've been following my markups you'd know by now what I look for in a trade, and this trade has 2 things that I always look to avoid, and in this case, once again, it has saved me money. This is the importance of having a backtested system, developing a trading plan for that system and then sticking to your rules religously. This is one of the best ways to...
GCHF is the second trade today on my watchlist that presented an entry at 9:15 CAT, this is proving to be an ideal time for A1s. This trade moved 1.94R, almost 2R, but it still wasn't worth taking according to my plan, as it has 2 knocks against it that I don't trade. These being an over extended candle and being inside the Asian Range. Through backtesting these...
This trade idea on EJ was one of two trdes that presented today, both at 9:15 CAT, 15 minutes after London open. In my notes you can see why I avoid these types of trades, and it has once again saved me money to avoid less probable trades. The other trade was a winner, and fair it did have less knocks than this idea, but it still has both parametres that I avoid...
If you saw my first post today on EURJPY you'd see why this trade as well as the other didn't work out. There's a reason why some trades are just ideas and some are entries, and that should be determined by your edge. Go check out my previous post to learn why this trade is just an idea, as well as why it's not surprisingly a loser.
This is one of 2 entries I've seen today, the other being GBPJPY short which I will publish later. Both entries were JPY quote pairs, both at 9am CAT, and both losers due to 1 thing, an over extended entry candle. Over extended candle is defined as te biggest body of the day, and this is something that both these 2 trades have in common. I don't trade over...
This was actually the first trade idea of today, and the difference between A and B grades really shows with this one. Still a great trade, however I don't trade over extended candles. These candles are defined as the biggest body of the day and could be caused by momentum, which could induce a pullback and this is why I don't trade them. This trade moved about...
This is the trade of the day for me today. I didn't enter it as I've been waiting for my FTMO credentials to come through so I marked it off as an idea. Great trade that worked out perfectly, hitting the 2R profit target I was looking for. SL would be locked at 1.5R as well as partial profits taken off. This is the first A grade that I've seen in a while and it...
This signal was sent to my signal group last night and profit has been moving up and down throughout the day. I still think price will go up to at least tp1 if news doesn’t affect it. If everything goes smoothly we will see tp2 hit.
