All the setups have their times when they show up a lot and then they hardly show for a while so it's pretty hard to say. I know that's not the answer you were wanting but it's the truth lol
Man this strategy is smooth and simple. Greatly appreciate it 🙏. Quick question, are those 10 pairs at the bottom of your chart you recommend trading for this strategy or do you trade other forex pairs as well? Thanks again
I feel like youve answered this before but how many pairs do you look at for potential setups a day? I don't see too many people looking at Eurcad. Added on the watchlist today. Great vid too thx!
At the moment, I keep 9 pairs on my watch list. The first 9 pairs you see at the bottom of my chart on this vid are what I look at daily. The NZDCAD pair is not one I trade...I just have to have a random pair to drag my trade copier on to the charts.
Thanks Cholly. God bless you for the strats. I just noticed on the 5 minute mark, the example given was a sell but the confirmation happened on the upside of 144 Ema meaning we were only supposed to consider long entries. I might be missing something.
Hey wassup. For this strat, it doesn't matter which side of the 144 the confirmation happens on. We determine whether to buy or sell based on the 2nd rule. Price came down before that consolidation started and then the Londonine candle was also down so we sell to continue the downward trend on that one
With all your strategies, I know your SL is usually 15-20pips max what are your SL with gold and GJ? As i always get nervous when I see a setup on these pairs with only a 20pip SL
When all rules are met what kinda win rate should we expect to see obviously no strategy 100% but from your experience what would you say the win rate is for this set up?
I'd say 80% - 85% ish for all my strats when executed properly. Of course it will be lower when learning since some rules may be misunderstood but yeah at least 80% win rate once mastered
Hi Charles, for Challenges .how much risk do you typically allocate for each trade, 1% or 0.5% , 0.25% per trade? would be great to get your approach on this . Thanks
I am a very heavy risk trader. For challenges I risk essentially around 15 - 20% of my max drawdown limit on a single trade. So for example if I have a 200k challenge with a 20k max overall drawdown limit, I'll risk roughly $4000 on a trade (or 20 lots with a 20 pip SL). Most firms have done away with time limits now though so that's not really necessary anymore.
Hi Cholly, I believe there was a Londonine setup on EURCAD yesterday. 8th August. Unfortunately it didn't play out. Is there any rule that invalidates the trade or it was a genuine loss?
Hey there. Londonine did not present itself on EURCAD on yesterday. The 9 oclock chart time candle should only pass over the consolidation of the previous Asian session (and end of NY if it applies) right before it. On yesterday, price was already way above that when the 9 oclock chart time candle started so it couldn't have passed that consolidation. The last vaild Londonine on EURCAD was on Friday of last week (August 4th). Look at that 9oclock candle and see how that candle opened below the highest point of the previous Asian session consolidation but closed past it. That's a valid pass candle. On yesterday, the pass candle was the 7 oclock candle so not a Londonine setup. It looks like you
@@chollyp I get it now. Thanks a lot for taking the time to clarify. You are a blessing🙌. I still haven't seen a better trader. It's your man Cholly P 😀
Since I only look for setups on H1, I just glance at the market around maybe 1 or 2 mins before the 1 hour candle closes changes over. If I don't see any setups, I don't look at the market anymore until a couple mins before the next hour candle is about to end. I know my strats good to the point that it only takes me 1 min or less to scan through my pairs and know if I need to start stalking one of them for an entry. So basically I look at the market for just a couple mins and then wait a hour to look again until I see something confirm. Once I see a valid setup, THEN I sit and stare until I get a entry (as long as it's within my entry times)
![How I Beat the Mental Game of Trading [After 5 Years of Failure]](http://i.ytimg.com/vi/4gaaGDldQwY/mqdefault.jpg)
This guy over delivers
Dude...Dude. You are the bee's knees. You're probably saving lives out here with the game you're giving and don't even know it. 💯👨🎓🤝
I appreciate cha! And I def hope it's helping!
The best trader i have ever seen
You will change a lot of lives, man, defenetely
I think this is my fav strategy so far. It’s simple and straight to the point unlike the rest.
How often does this show up in a month?
All the setups have their times when they show up a lot and then they hardly show for a while so it's pretty hard to say. I know that's not the answer you were wanting but it's the truth lol
@@chollyp thats why we love ya! No BS🙏
Love it...Thanks Cholly P
Will the private group be dropping soon Sir. Much love from Africa Kenya
More content 🙏👏
Man this strategy is smooth and simple. Greatly appreciate it 🙏. Quick question, are those 10 pairs at the bottom of your chart you recommend trading for this strategy or do you trade other forex pairs as well? Thanks again
I feel like youve answered this before but how many pairs do you look at for potential setups a day? I don't see too many people looking at Eurcad. Added on the watchlist today. Great vid too thx!
At the moment, I keep 9 pairs on my watch list. The first 9 pairs you see at the bottom of my chart on this vid are what I look at daily. The NZDCAD pair is not one I trade...I just have to have a random pair to drag my trade copier on to the charts.
Thanks Cholly. God bless you for the strats. I just noticed on the 5 minute mark, the example given was a sell but the confirmation happened on the upside of 144 Ema meaning we were only supposed to consider long entries. I might be missing something.
Hey wassup. For this strat, it doesn't matter which side of the 144 the confirmation happens on. We determine whether to buy or sell based on the 2nd rule. Price came down before that consolidation started and then the Londonine candle was also down so we sell to continue the downward trend on that one
@@chollyp Got it. Thanks for the clarification
@@chollyp I believe londonine was confirmed on GBPCAD today
What broker do you use now
With all your strategies, I know your SL is usually 15-20pips max what are your SL with gold and GJ? As i always get nervous when I see a setup on these pairs with only a 20pip SL
With gold, I use half my normal lot size and then use double the stop loss so 40ish pip SL on gold. GJ still gets the 20 pip SL for the most part
Hi Charles, quick one, how big is your stop loss for these strategies, where do you typical place your stop loss?
Usually somewhere in the 15 - 20 pip range. Except for with XAUUSD...I use half the lot size and about 40 pip SL since it moves a lot more on avg
ok cool thanks
When all rules are met what kinda win rate should we expect to see obviously no strategy 100% but from your experience what would you say the win rate is for this set up?
I'd say 80% - 85% ish for all my strats when executed properly. Of course it will be lower when learning since some rules may be misunderstood but yeah at least 80% win rate once mastered
Hi Charles, for Challenges .how much risk do you typically allocate for each trade, 1% or 0.5% , 0.25% per trade? would be great to get your approach on this . Thanks
I am a very heavy risk trader. For challenges I risk essentially around 15 - 20% of my max drawdown limit on a single trade. So for example if I have a 200k challenge with a 20k max overall drawdown limit, I'll risk roughly $4000 on a trade (or 20 lots with a 20 pip SL). Most firms have done away with time limits now though so that's not really necessary anymore.
@@chollyp Since removing the trading days time limit, have you changed your risk for challenges or still using the same ?
Hi Cholly, I believe there was a Londonine setup on EURCAD yesterday. 8th August. Unfortunately it didn't play out. Is there any rule that invalidates the trade or it was a genuine loss?
Hey there. Londonine did not present itself on EURCAD on yesterday. The 9 oclock chart time candle should only pass over the consolidation of the previous Asian session (and end of NY if it applies) right before it. On yesterday, price was already way above that when the 9 oclock chart time candle started so it couldn't have passed that consolidation. The last vaild Londonine on EURCAD was on Friday of last week (August 4th). Look at that 9oclock candle and see how that candle opened below the highest point of the previous Asian session consolidation but closed past it. That's a valid pass candle. On yesterday, the pass candle was the 7 oclock candle so not a Londonine setup. It looks like you
@@chollyp I get it now. Thanks a lot for taking the time to clarify. You are a blessing🙌. I still haven't seen a better trader. It's your man Cholly P 😀
Please how are you able to watch your number of pairs to catch a setup?
Since I only look for setups on H1, I just glance at the market around maybe 1 or 2 mins before the 1 hour candle closes changes over. If I don't see any setups, I don't look at the market anymore until a couple mins before the next hour candle is about to end. I know my strats good to the point that it only takes me 1 min or less to scan through my pairs and know if I need to start stalking one of them for an entry. So basically I look at the market for just a couple mins and then wait a hour to look again until I see something confirm. Once I see a valid setup, THEN I sit and stare until I get a entry (as long as it's within my entry times)
@@chollyp Wow…man with the explanation above you just gave, you make trading seem easy!!!
thanks man@@chollyp
stop loss size ?