I have myself been trying to focus on time rather than price for the last couple of weeks, difficult in reality, although it gets better with screen time I guess.
For me I'm exiting any trades that dont move within 2 candles of entry, including the loss. It's very interesting to see if you enter correctly then price does indeed move within a candle or so, more often that not it doesn't move, so in these cases im mis-reading what the flow of the market is telling me, raw price action.
Mark talks about stop loss at the opposite end of the opening range etc, I wonder how many times he actually let his stop get hit ? thats one bit I couldn't figure from the book, im guessing he's exiting trades way before even a 10 point stop if he sniffs no momentum (including the losses).
the research continues........
Edit - Theres just no way of dealing with the fakes, except for taking the hit and entering again. - pisses me off!
For me I'm exiting any trades that dont move within 2 candles of entry, including the loss. It's very interesting to see if you enter correctly then price does indeed move within a candle or so, more often that not it doesn't move, so in these cases im mis-reading what the flow of the market is telling me, raw price action.
Mark talks about stop loss at the opposite end of the opening range etc, I wonder how many times he actually let his stop get hit ? thats one bit I couldn't figure from the book, im guessing he's exiting trades way before even a 10 point stop if he sniffs no momentum (including the losses).
the research continues........
Edit - Theres just no way of dealing with the fakes, except for taking the hit and entering again. - pisses me off!