What to improve. 1. Always set TP except for THURSDAY & FRIDAY (>3 RR), - 1:2 MONDAY & WEDNESDAY - 1:3 TUESDAY
2. Daily Candlestick Pattern & Structure - See Wednesday bullish pinbar rejecting 1785, Thursday should be BUY - See Thursday bearish pinbar rejecting 1810, Friday quickly turned out to be SELL
---------------------------------------------------------------------------------------------------- High and low of the week. Typical structure SELL SELL * BUY BUY, anatomy of a candle.
See how price behave: 1. High and low & round number 55, 00 2. Monday & Wednesday beware of HIGHLOW/PEAK (see Daily structure) 3. Beware of timing factor, max 3 hrs to move, else cut loss (not necessarily) 4. Always pending order for entry 5. XAUUSD always moves 25-50pips at least, 75-100pips on the PEAK, XAUEUR 25-50pips in box 6. Entry candle always pinbar to stophunt, engulf to lock the H/L or RAILROAD 7. Correlate opportunity to XAUEUR 8. SL 25 pips typical, don't too tight, let some for breath