Does anyone here use Time as one ogf the main parameters for entering a trade? How do you use it? By the way time is probably the most important factor I use in making a trading decision.
I use time to cut losses and take profits. Every trade i make on the daily charts has a 12 hour expiration. Basically this allows me to set a fresh set of probable trades.
I also use time on 5 minute charts. I tend to make good entries if my trade hasn't hit my take profit or my stop loss after next 5 minute bar the probability of the trade goes down. (5 pip stops).
So yeah i love to use time. mainly though to get out of trades that have not produced results.
