GBP/JPY Idea Entry
Entry on Breakout and Hold of counter trend line for an aggressive entry
Or Enter on a small LH formation for a less aggressive entry.
*This may seem as an overly strict strategy to some, but your edge needs
to be spot on each time. willy nilly trades with any old LHs or breakouts
etc. Is just a recipe for losses and losses. With my system I know within 1
candle if my trade is valid or invalid, i act accordingly. If the market closes
above my entry(Sell trade) I know that the market isnt giving me the
momentum that im looking for and the probabilities have dropped. And if
the momentum does appear in the markets then i know the probabilities of
a TP or at least a BE trade are very strong.*
*Backtest your systems everyday, find patterns beyond the original LH or
breakout etc. narrow your edge and finally see what profitable trading looks
like. It's boring but effective. If this trade closes 1 pip above my entry at
any time im closing and i will for every single setup because theres no Hope
in the markets its black or white, valid or invalid.*
Or Enter on a small LH formation for a less aggressive entry.
*This may seem as an overly strict strategy to some, but your edge needs
to be spot on each time. willy nilly trades with any old LHs or breakouts
etc. Is just a recipe for losses and losses. With my system I know within 1
candle if my trade is valid or invalid, i act accordingly. If the market closes
above my entry(Sell trade) I know that the market isnt giving me the
momentum that im looking for and the probabilities have dropped. And if
the momentum does appear in the markets then i know the probabilities of
a TP or at least a BE trade are very strong.*
*Backtest your systems everyday, find patterns beyond the original LH or
breakout etc. narrow your edge and finally see what profitable trading looks
like. It's boring but effective. If this trade closes 1 pip above my entry at
any time im closing and i will for every single setup because theres no Hope
in the markets its black or white, valid or invalid.*
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