"The trend is your friend" as they say. Well lately I have been looking at long term trends I look at the daily, 8 hr., 4 hr., 2 hr., then the 1 hr. trend. If I see that there is no resistance or support on these charts that may reverse that trend then I go to my short time frame charts and look for an opportunity to trade in that direction taking at least 10 pips. I will close at my limit of 10 or I will close at the next support or reisistance level on my short time frame charts.
Has anybody been trading this way that may have some advice or perhaps shed some light on what type of indicators that help you out on an entry or exit? Thanks.
Has anybody been trading this way that may have some advice or perhaps shed some light on what type of indicators that help you out on an entry or exit? Thanks.