Welcome aboard Scrutch !
Good post and nice detail.
I took the same trade. Consider this, that was, according to the 15 and 1 hour chart, a counter trend trade. If we had got into a trend trade earlier today or this week and only closed out 1/2 a position...
Cobra mentioned a few noteable points:
A.) this is a multi-time frame strategy and
B.) often enough getting in on the 1 min or 5 min can be an entry for a "long term" (few hours or days) position...
I aspire to reach a level where I might be able to let a trade run for that long...
Have a wonderful weekend everyone !
Good post and nice detail.
I took the same trade. Consider this, that was, according to the 15 and 1 hour chart, a counter trend trade. If we had got into a trend trade earlier today or this week and only closed out 1/2 a position...
Cobra mentioned a few noteable points:
A.) this is a multi-time frame strategy and
B.) often enough getting in on the 1 min or 5 min can be an entry for a "long term" (few hours or days) position...
I aspire to reach a level where I might be able to let a trade run for that long...
Have a wonderful weekend everyone !
Deprive a man of everything and you give him nothing to lose.