I wanted to circle back around to this trade to emphasize the power of Signal Stream and why I personally take small trades and ride out draw down with my system, but mainly I wanted to make a point on the power of knowing and trusting your trading system.
As you can see since the short signal on the CHFJPY chart, price moved up into draw down, then moved back down and hit the profit target of 112.05 before falling a touch further and stalling at a support level of 111.90.
I've said it in pretty much every post: Signal Stream signals have an extremely high chance of hitting their targets, even if price moves against it.
I've held tremendous draw downs that eventually came into profits. I am able to do so because I take smaller trades, allowing me to take the draw down and also have enough equity in my account to take other trades, which further lessens the hit of a draw down.
But that's how I trade, and no two traders are alike. There are differences in mindset, risk appetite, and experience to consider.
That being said, how I trade is only one way to trade Signal Stream. There are countless other ways and trade management methods you can employ.
I've worked with it enough to trust the signals, even if they move against me at first.
Trust your system, trust yourself.
As you can see since the short signal on the CHFJPY chart, price moved up into draw down, then moved back down and hit the profit target of 112.05 before falling a touch further and stalling at a support level of 111.90.
I've said it in pretty much every post: Signal Stream signals have an extremely high chance of hitting their targets, even if price moves against it.
I've held tremendous draw downs that eventually came into profits. I am able to do so because I take smaller trades, allowing me to take the draw down and also have enough equity in my account to take other trades, which further lessens the hit of a draw down.
But that's how I trade, and no two traders are alike. There are differences in mindset, risk appetite, and experience to consider.
That being said, how I trade is only one way to trade Signal Stream. There are countless other ways and trade management methods you can employ.
I've worked with it enough to trust the signals, even if they move against me at first.
Trust your system, trust yourself.
