when I give my opinion here in FF, in No way, shape or from I recommend and or advise anyone to consider my views to place trades. Do your own research and act accordingly always protecting your best interest.
Cool.
Now when we place trades, in order to create an edge we must act according to our trade plan, our objectives and the STATE of the market.( Trend (reversal, continuation, pull backs, range etc…)
For me a very important aspect is to identify what kind of a trader are you?? I ask because if you know your style of trading based on your preferences and time you can dedicate to the markets then you can concentrate in finding the more appropriate strategy to be used to extract pips and make some mula $$. This is important for people to understand before asking questions to other traders about their post, views and approaches to the market, if you are confused by some post ask but continue to work on your game.
Scalpers, direction should not be a concern concentrate on momentum…3-5 -10 pips per trade.
Day traders 1hr, 15 min 5 min. 10-20-30-40
Swing traders W,D,4h, 1hr. 50-100-200 and more
Position trading M, W, D 4hrs here you are looking to capture the monthly pip gains for the month or two or more…
Now when we place trades, in order to create an edge we must act according to our trade plan, our objectives and the STATE of the market.( Trend (reversal, continuation, pull backs, range etc…)
For me a very important aspect is to identify what kind of a trader are you?? I ask because if you know your style of trading based on your preferences and time you can dedicate to the markets then you can concentrate in finding the more appropriate strategy to be used to extract pips and make some mula $$. This is important for people to understand before asking questions to other traders about their post, views and approaches to the market, if you are confused by some post ask but continue to work on your game.
Scalpers, direction should not be a concern concentrate on momentum…3-5 -10 pips per trade.
Day traders 1hr, 15 min 5 min. 10-20-30-40
Swing traders W,D,4h, 1hr. 50-100-200 and more
Position trading M, W, D 4hrs here you are looking to capture the monthly pip gains for the month or two or more…
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