I will not say anything special, but trading a long term position trading strategy we can increase our performance significantly, by adding in to the long term trend using intraday price action on a strong trendy days. There are always such days when it is obvious that it is either strong bulish or bearish sentiment. And even using a very small stop loss(15-20pips) posible to open new positions that run for a long time. Even the sl is small once in profit I move it to BE very quicly(when it moves in my favor the amount I risk or even faster) There is no need to risk much. It is important not to over trade, becouse even if we can open many position with almost no risk, there is stil posible that market come back and go through our stops in a few hours or days. If I get 1-3 positions open and set to be I wouldn`t expect it better.And all I can do then is just let them run and only the market will be the judge. Yes I know it is easy to look at the history chart and say this this and this was trendy days with very small retracements. But when you will begin to look after that you will find if you are not able to, yet. We are always in a learning process. When I am trying to take such kind of free trades, I take only one trade at a time. If I get few losses in a row it can only mean that I am shasing the market and it is not a suatable day for such kind of trades. Remember stoped at BE is not a loosing trade.
Usualy I try to enter after price has retraced a little and after the first candle complete that is with the trend, I may open a position. When prise making a swing. Yes it is important to have trend with us. On such a days it looks like,- no it can`t go any higher or lower there is realy time for a bigger retrace, and the price just moves its way farther. Just not always with as. Not sure if it makes any sence ,but look at the chart, would you be able to establish a low risk entry on such a days? It is not the best examples I found.
Usualy I try to enter after price has retraced a little and after the first candle complete that is with the trend, I may open a position. When prise making a swing. Yes it is important to have trend with us. On such a days it looks like,- no it can`t go any higher or lower there is realy time for a bigger retrace, and the price just moves its way farther. Just not always with as. Not sure if it makes any sence ,but look at the chart, would you be able to establish a low risk entry on such a days? It is not the best examples I found.
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. You are right, trend hasn`t changed. I can reenter whenever I want and it will not be a bad thing as long as the trend hasn`t changed. The trend really rules it helps to be concentrated. It looked kind of strong support yesterday and it is already broken today.We really don`t need much to think, just stick to the trend until it ends.
