DislikedMy UCAD H4 short trade 8 hours later... Actually thats the situation i end up most of the time with H4 so far (testing H4 for 4 weeks now, took about 6 trades, 5 were losers where the setup looked promising like this one). I am about 10 pips minus now. Regarding to BigEīs static exit rule exit on a checkmark i probably will be giving back another 30-40 pips... {image}Ignored
Exit when H4 HA candle close with change in colour and the price bar closes bullish.
Also consider what Big E mentioned in Post#270.This post 270 is about trade management ...EXIT.
DislikedTDI... Ask me specific questions with chart examples... mark your chart up. Don't be vague... get specific... I don't have the ability to know what your thinking. The 32,50 & 68 lines are original. When you get to 68 start looking for a reversal sign on the TDI... However it could still be 50-100 pips away ocasionally... just pay attention to the green line for a possible exit signal... the 32 line is the opposite. When I check my charts... I look to the TDI... then PA. If I'm not feeling strong about a current in progress trade... get out then and keep the pips... you don't have to wait for the next candle to exit. Grab your money and run to a new trade... A lot of the problems are people trading 5min-1hr charts... your setting yourself up for failure in most cases... I use to trade the first 2 hours of the NY Session on the 15min charts. Since I no longer trade 15min charts I shut down at 6am my time (9am NY). At about 8am my time (pacific) the market starts to range normally... it's self destruct to trade ranging markets.. If I did trade the first couple of hours I'd scalp it on a 4hr chart if I get a set up... If the TDI straight green line tweeks it's angle... pay close attention... check everything... it's warning you something has changed or is about to...Ignored
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett