Disliked{quote} So we cannot predict that kind of movement, but how you can minimize you loss then? I see tdi cross on the beginning of the candle, I take a trade. Then, 30 minutes later for example, I see green line goes back and there no tdi cross anymore, should I just close the trade?Ignored
We should avoid tryingg to predict what price will do. we must watch and see what price will do and we act based on what price does.
In all trade setups there will will be some losses. Watch that Mark Douiglas video (full version) I posted. that man speak a lot of sense about what we believe in when we trade the market and about high probability, etc. etc....
How we manage our trade deopends on the type of trade we are trading. Scalping, intraday and swing trading are quite different in the way we manage our trades.
I know Big E would close his 4H trade when price pulls back very strong. and he wait for the next setup. That is his style. He trade Single Entry / Single Exit.
If one candle move and close with a range of 40pips up. The the next candle move down with a range of 80 pips, that reverses the TDI PL. Why?
Learn how the RSi works and you will know why.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett