according to post #6 "The trade management approach involves a reverse trade strategy after the initial stop loss (SL) is hit. This strategy aims to capture massive trends and takes advantage of the potential for price reversals and extended ...

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30 mins set-up There is a sell signal on the 30mins. The stop is quite close giving a good RR scenario. What to do?

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My Chart Indicators: Two Donchian channels with the middleline's MA plotted Daily Pivot Points Vwap Other Considerations A stacking of the donchian channel helps in telling directional bias Support and Resistance levels help in targets Vwap can give ...

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Now that the literature is out of the way, lets get to journaling. Currently long GBPUSD. Took the trade prematurely with reason: Vwap crossed daily pivot point upwards. This is not a reason in the sytem and hence an erroneous entry. The donchian ...

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Important Points To effectively learn from others in trading forums, consider the following strategies: Select Reputable and Knowledgeable Sources: Choose trading forums that have a reputation for attracting experienced and knowledgeable traders. ...

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Conclusion In conclusion, your trading system is designed with specific objectives in mind. It aims to achieve consistent profitability while effectively managing risk and drawdowns. To support your trading system, you engage in important practices ...

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Backtesting and simulation Backtesting and simulation are valuable tools for forex traders as they provide a way to evaluate the performance and effectiveness of trading strategies before implementing them in live trading. Here's how backtesting and ...

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Risk Management Analyzing the performance of a trading system is crucial to evaluate its effectiveness and align it with specific risk management requirements. In my case, the aim is to keep my funded accounts by adhering to maximum loss limits of ...

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Trade Management The trade management approach involves a reverse trade strategy after the initial stop loss (SL) is hit. This strategy aims to capture massive trends and takes advantage of the potential for price reversals and extended movements. ...

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System 3: Monster Trend Capture with Variable Exit Strategy System 3 is designed to capture "monster trends" in the market, aiming to benefit from significant and prolonged price movements. Unlike Systems 1 and 2, which have predefined take profit ...

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System 2: TP2 Only with a 40% Win Rate and RR of 2 System 2 is a crucial component of the trading strategy, focusing on TP2 as its primary target. This system operates in parallel with System 1 and shares the same entry rules based on Donchian ...

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System 1: Momentum-Based Breakouts with a 65% Win Rate and RR of 0.7 System 1 serves as the foundation of the trading strategy, focusing on capturing momentum-based breakouts. It utilizes the Donchian Channel, which identifies the highest high and ...

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Introduction: The trading strategy outlined in this document aims to provide a comprehensive approach that combines three distinct systems, each designed to target specific Take Profit (TP) levels. By integrating these systems, traders can ...

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added long

Cable Update (GBPUSD)

I'm Biased short target 2026 stop at 2052. Above 2052 i can target 2085

Cable Update (GBPUSD)

my risky set-up looks sure to hit 1.275

Cable Update (GBPUSD)

Incredibly risky set-up. Ready to reverse at earliest sign of danger

Cable Update (GBPUSD)

gj made up for gu

Cable Update (GBPUSD)

I have a bit of experience with PP. They are nice targets and I know their probabilities in depth. I'm interested in learning something new from your strategy. Mostly I use S/R levels for target and The PP for bias.

Cable Update (GBPUSD)