Hi All
Just a quick one. How do you deal with consolidation periods? It is awful when you can stare at monitor and won't see a proper entry for whole day
My idea for EJ for consolidation is: to mark daily pivot's 1st R and S, to mark weekly highest and lowest wicks and to mark daily highest and lowest, and just to trade bounces of the points with pretty wide s/l at about 20-30 pips at 1% of risk - it is the only way I see it.
BTW: for those who will take a look at my explorer - I screwed due to greed and revenge - again. more is here if somebody is interested: http://www.forexfactory.com/showthre...39#post6706739
Just a quick one. How do you deal with consolidation periods? It is awful when you can stare at monitor and won't see a proper entry for whole day
My idea for EJ for consolidation is: to mark daily pivot's 1st R and S, to mark weekly highest and lowest wicks and to mark daily highest and lowest, and just to trade bounces of the points with pretty wide s/l at about 20-30 pips at 1% of risk - it is the only way I see it.
BTW: for those who will take a look at my explorer - I screwed due to greed and revenge - again. more is here if somebody is interested: http://www.forexfactory.com/showthre...39#post6706739
On my way to financial independence - if others can do it - I can do it