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@Ciprobay I’m also in this trade this morning. Keep an eye out for BoE Governor Bailey speaking at 10:10 this morning, might cause some volatility in the GBP if you’re still in the trade. I’m closing out at the first MTS at 0.8840.
Agree with all the above. I also work a full time job and agree it is difficult. I get up early (5am) and dedicate my early mornings to trading before work. This gives me enough time to analyse each pair and highlight any for my watchlist. I can also place trades if the opportunity presents itself. On quiet days I’ll research strategies/backtest etc.
Once I start work, I rarely check the markets. Maybe at lunch time a bit. I ensure my stops and profit targets are automatically set in MT4. I avoid trading on days with big news events for the pairs I’m trading, so that I avoid any unexpected movements while at work.
I actually prefer the lower volatility outside of the main market hours. For me, the price action is less eratic, choppy and volatile.
Definitely each to their own though. It’s one thing that I always find amazing with with markets, there are so many different methods to take money out of it. The key is can you do it consistently and with discipline!
All the best in your trading journey. It’s been 3 years this month since I first learned what a candlestick is, so my journey is… slow but steady haha!+1
I confused a limit order line for an MTS due to the similarity in colours. Luckily the trade still went my way!
Not sure what colours you’d use as all the basic colours are already taken. Perhaps the only ones not used on the Y axis are white/black?
Thanks guys for the comments.
@Thuy Pham yes, that’s a good point actually. Your comment made me go watch the YT video on the indicators again as a reminder. I’ve also seen your other forum post on requesting the colours be change, and I agree it is confusing having them the same colour!
Hey Djamal,
Just wanted to drop a thank you for providing this detailed breakdown, and also in general for breaking down trade logic and thought processes more recently. I’ve spent around a month studying your YT videos and video course, and these trade details have filled a massive gap in my understanding.
Looking forward to subscribing to the live streams and finally taking some demo trades!
All the best,
Ben -
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