DislikedThis long TF method is starting to grow on me, thanks for sharing Spyderman!
I've had a rocky experience trading 5M (see my thread in the rookie section: One hit wonder or am I on to something?).
I'm actually quite comfortable entering trades on D1 your way, since the stops are large enough to withstand considerable drawdowns.
Now I'm less nervous at work, since I don't have to monitor my jumpy 5M trades all the time. I can actually get some work done
Currently 4 trades...Ignored