good reuslts this stategy following the trend . this is the strategy beauty..

I hope you don't mind butsal wrote:Sat Dec 11, 2021 6:55 pm another positions on fridays..
good reuslts this stategy following the trend . this is the strategy beauty..![]()
joshijosi wrote:Sat Dec 11, 2021 7:07 pm I hope you don't mind but
I am not so sure I understand your strategy; at first glance your entries sometimes look whimsical instead of methodical:
08-13: doesn't look like down at all (you use MACD for confirmation: either the trade is too late or there is no confirmation)
09-07: too late
1st buy: either too late or no buy at all (overall downtrend!)
10-09: risky
10-39: too late
and: you didn't take all possible trades (why? no reasons given)
So: yes; your screenshot is interesting because it poses a lot of questions that aren't answered.
(I think the most important facts are missing: (where/when did you) exit the trades? Because if you stayed in the early trades all day, all is well, in that case entries were not so important).
If you read my post you will see there are quite a few suggestions in every remark.sal wrote:Sat Dec 11, 2021 7:14 pm whats your suggestions... !!
thanks bro..josi wrote:Sat Dec 11, 2021 7:29 pm If you read my post you will see there are quite a few suggestions in every remark.
On top of that: same old, same old...
1. Be clear: define every step you take and make it visible on screen.
2. Trade methodically
a) have precise rules
b) execute those rules only and at all times (never do anything else: if you say: "follow the trend" then only trade in the direction of the trend etc)
Consequence: you actually have a strategy
Why: because everything you do is (a priori) fixed by the precision of your plan
You know exactly after which candle to enter and after which candle to exit in advance (i. e. before you trade)
If you do not have this approach, you do not have a strategy.