FXCoral

I sophisticated my strategy..

As you can see I've changed a few words in my strategy description and also my logo. The reason was that over the last 20 trading days (and actually it's interesting that it was a nice round number), I realized 2 things and now I call my strategy a 1m scalper of breaks on retest:

1.) There's a specific pattern for SHORT trades that I've kinda always liked. So I simply started to trade it as well as you've probably noticed even though I was supposed to focus on just "W" pattern trades. I just couldn't resist and now it turns out that I realized I should add this to my arsenal. Don't get me wrong, it was a tough decision and I really try to keep my strategy as minimalistic as possible.

2.) I realized that I should just completely get rid of the FOMO (fear of missing out) trading. The thing is that many times the breaks look real and made me enter the trades, but then it turned out to be just a fake. So I decided to add a security feature to my trading that most professional trades actually use in practice and it's very simple: enter a break only after a retest!

Here you can understand better what I mean. This is the same picture from my latest trading day but I added a potential losing trade that would happen if I entered after a break without a retest. (day 20 [30th April 2021]...wow now I realized that it's also an ideal calendar day to do a change as it's gonna be a new month):

30-april-2021-break-after-retest.png

💎 MY MISSION is get to a level where I would end everyday in profit. 💎

DISCLAIMER: I'm not a financial adviser and this is not a financial advise. Remember, most traders lose money.

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