Live Trades
- Steven
- 4 days ago
- 1 min read
We filtered charts to find only opportunities currently evolving or very soon to be. Some time was taken to sort through all the pairs so much of the video is quiet analysis. In the end we found a trade idea and extracted some pips from price action. Momentum, volatility, acceleration/deceleration, support/resistance & supply/demand are used in combination to carefully walk along that edge defined in our system. The gbp/aud trades yielded a total of $600 for the day; a rather small and unimpressive amount. Yet the types of decisions; the weighing of risk, the quick abandonment of all the ideas we invested time and effort into producing for better ones are a category of skill that will generate $6000 or $60,000 just as easily as we generated $600 today. The only two factors between smaller and larger amounts is the stability of character when increasing trade sizes; can we maintain pure objectivity risking so much equity? And the total size of our account; how much does a loss hurt my balance?
Good Trading.
