Hi,
Juz as my title. Here's my scenario, during every weekend, I will do analysis on BIG TF such as H4, Daily, Weekly.
I did take those trade. But I have no idea on how to manage the trades effectively.
Everyday I do my own intraday trade as well, but When I'm doing intraday trade, I saw a retracement in 15m chart (I trade 15m usually) / reversal trend. I will go over my LONGer Term TRades and close them out.
So, am I doing the right thing? Or the wrong thing?
I trade free hand, only use TL, Horizontal SR and Fibo. Every Trade I did set up the SL TP at the moment I entering it.
So, my question is, how to manage the trades effectively, I need advice from those who trade BIGGER TF.
Juz let me know If I didn't make my question / scenario clear.
English not my primary
Juz as my title. Here's my scenario, during every weekend, I will do analysis on BIG TF such as H4, Daily, Weekly.
I did take those trade. But I have no idea on how to manage the trades effectively.
Everyday I do my own intraday trade as well, but When I'm doing intraday trade, I saw a retracement in 15m chart (I trade 15m usually) / reversal trend. I will go over my LONGer Term TRades and close them out.
So, am I doing the right thing? Or the wrong thing?
I trade free hand, only use TL, Horizontal SR and Fibo. Every Trade I did set up the SL TP at the moment I entering it.
So, my question is, how to manage the trades effectively, I need advice from those who trade BIGGER TF.
Juz let me know If I didn't make my question / scenario clear.
English not my primary