Forex Trading Recap: 15 October +61 Pips


Today the recap is going to be a little bit different.  I decided instead of just showing you my Elite Range Bar Trading today that I would post a chart to show you ALL my trades on EUR/USD.  You can see that even though Elite Range Bars comprises the majority of my forex trading, there are some other trades I take in there too.

Some are based on old systems I used, some are simply trades taken off "gut feel" accumulated through years of experience.  As a trader you need to know how to go with the flow of the market and often it's this sort of conditioning built over time that will present you with great opportunities, assuming you don't ignore your instincts.

That said, I still like to be as rule-based as possible and take as many highly repeatable setups as I can every day.  This is where Elite Range Bars come in.  Every day I have the same sort of Type 1s, 2s and 3s that present themselves as high quality trading opportunities.  This allows me to just hit the trigger without hesitation and keep as much mental capital preserved as possible.  What I mean by that is simply that trading can be hard work and if you're spending all your time extremely focused on every pip or tick you are going to wear down quickly.  To trade well you need to be able to relieve some of that pressure through the use of rules and methods that you can use day after day with confidence.  

That's the secret (that isn't really a secret) to high performance trading - it's all about being disciplined and following your plan every day.

You can check out the video recap below:


0 comments:

Post a Comment