DislikedQuestion to experts regarding trade management.
Say you're in a trade on the daily TF, can you manage it by looking at the smaller TF's like the 4H or 1H? Or should you only use the TF you entered trade on?
I have heard Trader Dante (think his name is Wizard here) say never look down a TF once in a trade, only up to see what's coming. Just wondering what the consensus is here.Ignored
If you're fond of simplicity (just like Wizard and many others on board) the best thing for you is to obviously go with taking a trade say on the daily setting your stops and enjoying the luxury the higher tf provides you with.
OR...
You could set abt trying a different way of doing it i.e watching lower tfs to descry a spark which may turn into fire...
Since this is the discretionary part of your trading there is no one right or wrong way, what matters more is what works for you.
Regards,
Ghous.
I believe . . .