Disliked{quote} Please do not stop posting, I keep learning everyday, question: why you take 2 buy orders on retracement on M5 EURO? It goes against the trend? Also notice that you take trades with the direction of the trend and counter trades, really no easy to understand why you do that on 1 min chart when things can go south so fast. There is a reason you do not post trades made it on daily charts anymore? On 5 min or 1 min trading, you check you boss and big boss? When you trade 1 min or 5 min, you keep track of support/resistance from W,D,4h,1h,30min,...Ignored
I trade Basic PASR, Swing PASR and Trend PASR depending on PRICE structure. The first entry confirmed the swing low, the second entry was a Hammer at PASR in the UP SWING.
no easy to understand why you do that on 1 min chart when things can go south so fast.
That is the beauty of trading M1; PRICE can AND DOES, turn on a dime - it is up to the trader to TURN with PRICE. Notice on my first entry after confirmation of the swing low - I entered at the top of the candle and straightaway PRICE went against me so I closed with a small LOSS.
There is a reason you do not post trades made it on daily charts anymore?
I explained in an earlier post but once I get control of my long term investments again, I will trade them on the Daily and Weekly. Also, hardly anyone posts their charts on here - they just remain in the background TAKING instead of SHARING and GIVING. If anyone asks for my comments on any chart, I will gladly comment but I would like to see others commenting first, like bistolis does after his summer break, so that I know I am not talking to myself.
On 5 min or 1 min trading, you check you boss and big boss?
On opening my charts prior to Globex Open (5:30am my time), I check D1 just to get what the Smart Money bias is, then H1, M15, M5 and finally M1. While trading, I constantly switch back and forth between M1 and M5 - I don't care about any time frame higher after that. Once I'm in the groove with M1 and M5, I know how the higher time frames are going to look.
When you trade 1 min or 5 min, you keep track of support/resistance from W,D,4h,1h,30min, etc?
After opening my charts as above, I then draw the D1 Open and Close, H1 high and low for that particular day, and then add all SIGNIFICANT SR from M15 and M5. On M1, I fine tune M5 SR to CLOSES instead of highs and lows. As PRICE progresses on M1, I keep track of M1 SR which are usually "wobble areas" on M5 plus M5 swings and trends.
sorry for so many questions.
Keep asking questions - that is the only way to learn, PROVIDING you APPLY what you have learned.
15 YEARS OF PASR ON FOREX FACTORY!
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