If you are trading the daily, then stops are huge. And since it is a daily trade, then you see the market every new day by doing some decisions. But if the market starts to trend, then you will be laughing to the bank.
So yeah, leave it till tomorrow. I guess that it is a daily trade and that's how it should go.
Ignored
Exactly right. That's what we are trying to do too....catch the trend.
Is it right to enter and proof the trades at one time each day? or
enter trades as seen to be good to enter the whole day through and then monitor the trades one by one every 24 hours ongoing?
Thank you in advance for your help...
Ignored
Not sure yet if it makes a difference. We can't enter until the directions confirm, but often it takes them hours into the daily candle to do so. I have been opening positions when I have a chance to look at the computer and when the RSIs confirm, not matter how late.
Hi Lawgirl,
help me understand.
The series of BO trades that you daily post is impressive (congratulations!). Just looking at the last series.
As per rules you set the boundaries of the range looking at the first 4 bars of the day.
But when do you enter? Looking at the ones shown above it looks like you entered sometimes during my (European) morning, which means the middle of you California night... Is it like that?
I ask because, being a very busy employee, it is very difficult timing my trades (today is a National Holiday, therefore I can write it).
Hi Lawgirl,
help me understand.
The series of BO trades that you daily post is impressive (congratulations!). Just looking at the last series.
As per rules you set the boundaries of the range looking at the first 4 bars of the day.
But when do you enter? Looking at the ones shown above it looks like you entered sometimes during my (European) morning, which means the middle of you California night... Is it like that?
I ask because, being a very busy employee, it is very difficult timing my trades (today is a National Holiday, therefore I can write...
Ignored
I did not enter any of those posted trades on the BO. That is why they look like they were entered London session....at which time I am sleeping. They are also good BO trades too.
All of the trades were entered on the daily charts...the Moneytree entry. Some of them were 2-3 days old. The daily chart or MT entry would probably work well for you as they are "set it and forget it" types of trades.
Thats great mine are sitting about +300 pips for yesterday and today combined. Yesterday i added trades throughout the day but today i only added trades first thing in the morning.
I am leaving for Las Vegas in a couple of hours and will be gone until Monday night. I will have limited access to a computer, so you won't be hearing much from me until Monday.
I hope everyone keeps the faith and makes many many pips. I have set most of my trades to BE, so not much damage can be done, but they will be running while I am away. Please keep posting and helping each other. Rebecca
I am leaving for Las Vegas in a couple of hours and will be gone until Monday night. I will have limited access to a computer, so you won't be hearing much from me until Monday.
I hope everyone keeps the faith and makes many many pips. I have set most of my trades to BE, so not much damage can be done, but they will be running while I am away.
Please keep posting and helping each other. Rebecca
Trade What You See - Almost Naked Trading
