<<LIVE>> DOLLAR INDEX TRADING

GO

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filled sell limit @ 94.27, stopping @ 94.17

aiming for the sky

**filled buy limit @ 94.27
stop @ 94.17
selling @ 95.00

stopped out @ 94.17 for -261$

second buy limit triggered overnight @ 94.12
stop @ 94.02
selling @ 95.00

floating nicely

ur mt4 chart looks like it has down syndrome.

hey man, sorry

completely forgot to show the expanded chart
here it is

what do the colour bars represent?

I've only traded equity very casually.

pink & black lines = monthly s/r
weekly & black lines = weekly s/r
grey & black lines = daily s/r

I generally wait for a daily timeframe opportunity and I deploy 3-4 limits at prior highs/lows.

For money management, I take 10 points losses [5% of equity] and profits can depend by what other levels are encountered ahead. [can vary between 25 ~ 100 points].

Therefore r:r for any given limit is between 1:2,5 and 1:10.

I can afford to take plenty of losses while winning 50% of my account in one trade.

always reducing lot sizes after losses so that the 5% risk is always relative to the available equity

that's why current open lots are 2.48 and prior loss were 2.61

lurking

Looks nice. How to get into trading?

>using MT4

Nice job getting price slipped on every single order you'll ever place.

don't mind, there not gonna be much posting over the weekend, the fx market is closing in a couple of hours :(

start with this program, it will offer you the best introduction to fx or trading in general
babypips.com/school

perfect execution can't be achieved outside of professional grade exchanges, i've chosen instaforex for the ECN benefit

you do realize that price slippage affects your EV right?

>forex on sub 10k

why?

yes it does

why not?

however, slippage is negligible in my approach because I have always used limit orders to execute trades

What a retarted setup

even with limit orders
theres a reason why im shitting on you right now