Greetings fellow traders. Without any extra talk, here's how I do what I do. Tweak what you wish. Take responsibility for YOUR trades.
Currency pair- any
TF-any, I use the 4H
Indicator I use C.C.I. (24) level of zero only.
Fractals to show swings
8 EMA
When price crosses and closes above the ema and the cci is above 0, it's a buy. For a sell, it's the opposite. Stop loss is the nearest fractal PLUS 5 pips. My personal preference on a stop is a total of 25 pips, 50 is pushing it for me.
Pending orders are my favorites, though I have no problem with executions in the moment for the initial trade.
I trade a max of 2% per trade.
I use stacking or pyramiding to maximize my profits. Use google or you wish. I set up 6 total trades (same currency pair). I set them all up exactly the same distance EXCEPT for the first entry. I separate my initial entry from entry #2 by just a few pips (3 pips as an example). Set audible alerts 2 pips away from each entry. Once a particular entry has been triggered and alerted, trail the stop by the risk.
Once a stop has been hit, game over. I strongly urge beginners to trade .01 lots on a demo account first.
**my stops are not always at fractals, be creative (on a demo acct)
**risking 5% on a single trade has been compared to FINANICAL suicide, it is also know for doubling an account in a single trade.
**begin on a demo account
**I answer any ?? pls have patience-
HAPPY TRADING
I will attempt to post a screenshot-
Currency pair- any
TF-any, I use the 4H
Indicator I use C.C.I. (24) level of zero only.
Fractals to show swings
8 EMA
When price crosses and closes above the ema and the cci is above 0, it's a buy. For a sell, it's the opposite. Stop loss is the nearest fractal PLUS 5 pips. My personal preference on a stop is a total of 25 pips, 50 is pushing it for me.
Pending orders are my favorites, though I have no problem with executions in the moment for the initial trade.
I trade a max of 2% per trade.
I use stacking or pyramiding to maximize my profits. Use google or you wish. I set up 6 total trades (same currency pair). I set them all up exactly the same distance EXCEPT for the first entry. I separate my initial entry from entry #2 by just a few pips (3 pips as an example). Set audible alerts 2 pips away from each entry. Once a particular entry has been triggered and alerted, trail the stop by the risk.
Once a stop has been hit, game over. I strongly urge beginners to trade .01 lots on a demo account first.
**my stops are not always at fractals, be creative (on a demo acct)
**risking 5% on a single trade has been compared to FINANICAL suicide, it is also know for doubling an account in a single trade.
**begin on a demo account
**I answer any ?? pls have patience-
HAPPY TRADING
I will attempt to post a screenshot-