I understand that trends should be established on the daily chart. How far into the past is relevent?
If using the 5 minute or 15 minute chart and a set up is not on, how often do you check the charts ie hourly?
If the trade goes against you should you cut and run or ride out the storm and back your stop loss?
If using the 5 minute or 15 minute chart and a set up is not on, how often do you check the charts ie hourly?
If the trade goes against you should you cut and run or ride out the storm and back your stop loss?