DislikedWhen I trade the 1 hour cornflower I like the trend to have had a trade play out before i wait for the next trade to setup... then i enter. One of the charts posted has a blue arrow showing the first trade i would let go and a green arrow showing a trade i would take.
As for how I have been trading the 4 hour flower.... well I might have to start using the above 1 hour rule for 4 hour trades too, this week i took a trade on the swissy on the very first bounce of a trend that had really only just started and was stopped out in no time! The purple arrow on the chart show the bounce i am talking about
Happy trading
BobIgnored
In reference to your losing trade on the second pic. I cant tell how many pips that is but it is quite a down candle on the 4hr chart. Did you ever think of moving the stop to B/E? Or possibly taking two smaller sized positions. Grabbing initial profits of say 50 pips and then placing stop at B/E for second position? That is what I do with less pips on the 5min.
Just a suggestion. Your thoughts would be appreciated.
God Bless.
Chance favors the prepared mind.