ShaneD

Today was a tough trading day as we go through the charts.  The London session didn't fair too well and the U.S. session needed a little bit of work.  The cable is causing a little bit of a challenge.  One look at a daily chart will tell the story why.  By no means is the 144 tick chart the only chart you can trade.  You may even want to slow it down a little.  Many traders, especially in the U.S. session, are exposed to the 144 across the board so it made some sense to use that timeframe.

Still, even though there are some challenges, the win rate is still above our 65% cut off.  Anything lower than that on a large basket of trades...you will want to revisit your trading plan ESPECIALLY the timeframe you are using.

We are very strict in the setups we take as we move forward with this "project".  Filtering out "weak" candlesticks is one big filter we are using.  Stops anywhere inside the candle means no trade.  R/R must be in our favor.  It never hurts to trade less.

This video, the process of "too much" trading is covered.  Account size and $/pip is one factor in why traders trade so often.

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