Another simple trading idea (cTrader! on)
It's simple, yet so rewarding...
Hello my friends. I'm thinking about trading again and I wanted to post something that would be very easy to trade, especially for a small account. Or for those who want to try doubling their account or want to do a PROP FIRM trade...we all know that.
- I'm going to use my old "blue indicator" which can be found in my first thread.
- We need to use tick plots! Unfortunately MT4 does not have time-sharing charts, so...
- That's all.
Check the first chart. Let's say we will simply mark the lower and higher points on my indicator.
How would you trade this? Assume we will use 5m chart.
It’s so disgusting…it can’t be done on the 5m picture. What about 1m?
Much better. Yeah...but still...what the heck, let's look at the 50-point chart.
This is much better. Even on a 1 million time frame you will see these moves. I know it works on the m1, I'm just saying this one is better. Your stop loss may be lower than 5 pips. Lovely thing for smaller accounts where you want to double up.
Now! GBP/USD H1 chart has small areas. Most of the time it works. If not... then you would take a 5 pip stop loss. Oh, is that too much? Well, yes, go for SL 15 points and TP 25... or 1:1? Stop loss and take profit 15 and 15? Annoying, right? How does this look on a tick chart?
Until then...you might want to ask me if you can buy it before the price drops. Yes, this is...here...
Regarding the sale...the first one is here.
Did everyone receive it? If you know what I mean, you’ll totally crush Pillar Corporation…
























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