I'm going to start looking at lower TF options with this method.
This kind of risk exposure just does NOT work with the tight stops the methodology calls for.
Look at this whole week's news. How can anyone expect to take any positions with this kind of news? And this isn't even uncommon for a week.
You simply cannot expect to trade with such tight stops, at such high of a TF, with High Impact news around the corner every 2 hours.
The issue is, if you don't take positions, you're skipping out on positions that could otherwise be profitable. You HAVE to take all the valid positions you see with a methodology.
And if you do take positions, because this methodology calls for tight stops, you're exposing yourself to high amounts of risk, due to news. <- This is gambling and hoping news does not take you out.. Not letting your edge work for you.
Surely I can't be the only one that sees this?
This kind of risk exposure just does NOT work with the tight stops the methodology calls for.
Look at this whole week's news. How can anyone expect to take any positions with this kind of news? And this isn't even uncommon for a week.
You simply cannot expect to trade with such tight stops, at such high of a TF, with High Impact news around the corner every 2 hours.
The issue is, if you don't take positions, you're skipping out on positions that could otherwise be profitable. You HAVE to take all the valid positions you see with a methodology.
And if you do take positions, because this methodology calls for tight stops, you're exposing yourself to high amounts of risk, due to news. <- This is gambling and hoping news does not take you out.. Not letting your edge work for you.
Surely I can't be the only one that sees this?