DislikedVery good Patience and trade management on that 4 hour BUOB, squeezy.
This is how we do it. We wait and wait until a strong and obvious PA presents itself with supporting confluences. I like how the BUOB engulfed many preceeding candles. I'm sure you saw the 4 hour PPZ (in green) that acted as support to confirm your BUOB. Well done.
Yes, stay with the time frame that your PA setup was given. If you don't it can get confusing. However, check higher time frames to see if conflicting PA may be present. The higher time frame PA will (most...Ignored
thnx jarroo,
dats wat i do most of the time, inorder not to get confused, i just watch how the triggerd bar closes most of the time before making harsh decisions which i might end up regretting....besides its one thing to know how to trade, and its another thing to know how to apply money management...this is the next thing ive been working on....becaue i know that there will be losers but keeping ur losers fixed is my concern
i have learnt pa & pz, now time to master money mgt (thnx mike) lol
lets see how next week plays out
Simplicity is the key to success