Closed position in profit, almost wiped out on SL as you can see. I'm at a point where I can see some good trades but I lack the frequency; I wish I could trade twice or thrice a day. Currently am lucky if I have a daily trade.
At the moment I'm closing positions on 1:1 just to study my statistical edge. For example, if I have a win rate of >50% I know I'm doing good. I also lack the knowledge of extending TP or having targets and it's not even my goal yet. I have 70% win rate on backtesting for months under same conditions. Still a lot of room to improve.
I know this is an elasticity trade but I'm too busy with price action and fibs first
Thank you to every contributing member of this thread. I've and continue to study every past post by the pros.
At the moment I'm closing positions on 1:1 just to study my statistical edge. For example, if I have a win rate of >50% I know I'm doing good. I also lack the knowledge of extending TP or having targets and it's not even my goal yet. I have 70% win rate on backtesting for months under same conditions. Still a lot of room to improve.
I know this is an elasticity trade but I'm too busy with price action and fibs first
Thank you to every contributing member of this thread. I've and continue to study every past post by the pros.
