DislikedHi Hans,
All you say above sounds great when reading the thread. Clearly it is not that simple though otherwise there would not be so few people having great success with the method.
I've been attempting this approach since this threads inception and some problems I have encountered are:
- Prime entries not occurring when I am at the computer screen, either due to the prime entries happening outside of my timezone or simply not at the screens at the right time.
- Over-trading when using the 5min timeframe
- Taking too many small losses from...Ignored
I have also experienced all the challenges you list above and agree that it is not all simple to implement Graeme´s method consistently (although I was helped by a very good strong trend in my favorite pair when I started using the method which has kept me using it).
The key advice from Graeme which i have followed which has worked for me in results and confidence is practicing for months every day the demo 5 min. 20/20 entries whilst still trading on higher timeframes on my live account -- I think this long-term practice is difficult for people who are trying to make a living from trading as they hate to "miss an opportunity".. could I ask if you have done this entry practice for a few months?