Last time I was a little quite and absence here... Well I needed to overthink my strategy strongly.... I was to much relying on HEW and was taking it to much as a fact...before the fact was there..... Actually it's just another indication and probability thing....
I was thinking about it...did some research at past charts. Also looked much more to my Money Management.
So now I ofcourse use HEW, besides that I take another, for me known strategy called 4H-MACD. I use them both as indications and possible outcomes and not talking it as a fact. But relying now much more on Pivots combined with Candlesticks Patterns/PA, PChannel for bigger resistance and some ma's (HCL/3) as possible resistance area's and last but not least do not trade at times of important news.
Besides that....I need to refuse to search for homeruns....just a steady and boring process must be the key... form Pivot-to-Pivot and watching news with PA-candles indicating a possible U-turn.
Only taking trades in the 1H-Chart (at the start of a new Hour)
Looking every hour to the "new" situation... if things are changed then act to it!
I think this makes my trading much more robust....
Well I traded since yesterday with this tactic... actually I can't say anything about it in such a short time....but the first results are oke...
From the other side yesterday was a good strong bearish day....so actually, in this circumstances: if you enter in the correct direction...your profit is almost there....
I was thinking about it...did some research at past charts. Also looked much more to my Money Management.
So now I ofcourse use HEW, besides that I take another, for me known strategy called 4H-MACD. I use them both as indications and possible outcomes and not talking it as a fact. But relying now much more on Pivots combined with Candlesticks Patterns/PA, PChannel for bigger resistance and some ma's (HCL/3) as possible resistance area's and last but not least do not trade at times of important news.
Besides that....I need to refuse to search for homeruns....just a steady and boring process must be the key... form Pivot-to-Pivot and watching news with PA-candles indicating a possible U-turn.
Only taking trades in the 1H-Chart (at the start of a new Hour)
Looking every hour to the "new" situation... if things are changed then act to it!
I think this makes my trading much more robust....
Well I traded since yesterday with this tactic... actually I can't say anything about it in such a short time....but the first results are oke...
From the other side yesterday was a good strong bearish day....so actually, in this circumstances: if you enter in the correct direction...your profit is almost there....
You can manage risk, but you can't manage the return