Forex Elite Trader: Effective scalping strategy with minimal drawdown

I missed the opportunity by a minute
while giving the update, price moved up suddenly

 

i missed the opportunity.

 

AUDCHF Analysis shows price likely to move up. NOT TRADING IT because of EUR news shown below

 

A key principle of my trading strategy is to monitor price movement within the first 30 minutes of entering a trade. If there is no significant movement during this period, the trade should be closed, as it is likely to result in a loss.

Lets use AUDCHF as an example

 

as you can see, this is really good. something must always happen in the first 30 minutes.
if it does not, close the trade

 

This thread seems to be about all the times you aren’t trading your paper trading account

 

Hi @newwurldmn . I think I owe you and @Drawdown Addict an apology. will set the record straight today

 

Also let me point out that using the strategy, you can identify more than ten opportunities in a month as long as the market is stable. But you don't need to trade all of them. just three re enough.

 

eurusd not good. if not in profit in 30 minutes should be closed

 

no major progress with just 5 minutes remaining