Hi, I have read almost all the thread.
Thanks for sharing to everybody.
I think that I should work this way:
When on the daily chart the price is over the 2 EMA I look to the 1hour time frame.
When on the1hour time frame Williams goes in oversdold I buy one.
This example is for the Euro/Usd this morning.
So imagine I open 1 position Long at 1,3063
Then, unless I open other positions (only after 6 hours), I wait for TakeProfit at 450 pips (say 1,3513) or StopLoss at 225 pips (say 1,2838).
If I am wrong please please tell me where.
Thanks.
Thanks for sharing to everybody.
I think that I should work this way:
When on the daily chart the price is over the 2 EMA I look to the 1hour time frame.
When on the1hour time frame Williams goes in oversdold I buy one.
This example is for the Euro/Usd this morning.
So imagine I open 1 position Long at 1,3063
Then, unless I open other positions (only after 6 hours), I wait for TakeProfit at 450 pips (say 1,3513) or StopLoss at 225 pips (say 1,2838).
If I am wrong please please tell me where.
Thanks.