Disliked{quote} they are not the same..the bigger the time frame, the more the data I need a lot of data to be accurate..A scalper uses less data ..do not fool yourself in thinking anything differentIgnored
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Disliked{quote} they are not the same..the bigger the time frame, the more the data I need a lot of data to be accurate..A scalper uses less data ..do not fool yourself in thinking anything differentIgnored
Disliked{quote} Sir Nav, I appreciate you taking the time.. You are correct. I was looking at ways to capture pips during the times we are amongst levels. It is very clear to rather sit on hands. Back to long term. Comfortable. Build it slowly.. Wish you well RegardsIgnored
Disliked{quote} Smart decision to get out IMO. Now you can save your gun powder for when it will really count.Ignored
Disliked{quote} that is a massive misconception. There are more LTF candles (for example) than there are monthly ones. The information is relative. A scalper doesn't discount any TF. That's madness. A HTF line/zone is every bit as important all the way down the TF. And being able to refine entries to very small SL by way of LTF entries is a very good thing.Ignored
Disliked{quote} Oh, I wasn't that smart and it never it got back to even, just close. Or if it did get back to even, well, I missed it. Now I've bought more in hopes of a bounce!Ignored
Dislikedthe benefit of htf is you can consider situ s in a timely manner , all beginner's should be on htf imoIgnored
Disliked{quote} agreed. I just dont like people discounting any information as noise. respect to all in this discussion by the way, no offence meant to anyone. And i agree with what you said about time to digest. a h&s is same on monthly or 5 min. proportionate.Ignored
Dislikedthe benefit of htf is you can consider situ s in a timely manner , all beginner's should be on htf imoIgnored
DislikedWell, I'm in a familiar position again. I'll be headed to bed soon and didn't get out of my long. Sell at a loss before bed? Put in a lower stop and hope for a bull run while I sleep? Hrmmm, well, I still have an hour or so to think about it.Ignored
Disliked{quote} Momentum is bearish.Carney is due to speak and I suspect he will be Hawkish as usual which generally means Bull run however market seems want to go down. Generally moving stops is not a good idea.If the stop was there to begin with then let it play out.If market goes lower and you lower your stops it will only increase your loss. Remember nothing is certainty in Trading. RegardsIgnored
DislikedWell, I'm in a familiar position again. I'll be headed to bed soon and didn't get out of my long. Sell at a loss before bed? Put in a lower stop and hope for a bull run while I sleep? Hrmmm, well, I still have an hour or so to think about it.Ignored
DislikedWell, I'm in a familiar position again. I'll be headed to bed soon and didn't get out of my long. Sell at a loss before bed? Put in a lower stop and hope for a bull run while I sleep? Hrmmm, well, I still have an hour or so to think about it.Ignored
Disliked{quote} Hi Baggi, In 2:30 minutes Mark Carney will be impressing the market with his policy an hour after the data release, this is severe event risk for Cable Traders in tight positions. Keep your stops tight. I've noted Inside Bar behaviour with downside breakouts breaking of supports and resistances holding. I cannot predict the direction Carney will take the market but I do believe that there is a greater probability of it moving to the downside. I wish you good luck whatever your decision. {image}Ignored
Disliked{quote} Momentum is bearish.Carney is due to speak and I suspect he will be Hawkish as usual which generally means Bull run however market seems want to go down. Generally moving stops is not a good idea.If the stop was there to begin with then let it play out.If market goes lower and you lower your stops it will only increase your loss.Important in trading before you enter a trade always access Risk NOT profits.By doing reverse you set parameters of your exposure.Better yet measure risk in dollar value not pips. If 2% equals $20 then adjust lot...Ignored
Disliked{quote} Thanks for the advice. But this happens to me most nights. For some reason, the market likes to move sideways from the time I get home to the time I go to bed. Not always though, but most nights. Then I make a decision and go to bed and live with the results in the morning. Previous mistakes were buying or selling way too much so I put very tight stops that would get taken out each night. Thanks to your previous advice, now I just buy or sell much smaller amounts. This allows me to put much larger stops, or not stops at all as I can handle...Ignored