Dislikedhi all,
i m new to this thread but this is really all about S R as no brainer as that? so what TF do you all work on? at least H1? or must it be higher? this system allow for counter trend trading also I suppose? thanksIgnored
I can highly recommend to you that you trade with the flows in the market at the time, ie. with the trend, and leave countertrend trading for when you have more experience. Personally I look trades on a 1hr timeframe mostly, however I sometimes take trades on smaller timeframes, depending on the situation. For instance I traded short the USDJPY off the 5min on thursday. I don't do it often because mostly the 5min ranges are not enough to take say 20 pips from. I don't like going into the market for less than that.