DislikedBasically I watch the M1 chart as price arrives into a higher TF level.
Entry is on the close of the M1 rejection bar (pin, doji, beeb)
Stop moves to BE + spread after a few pips. You need a low spread ECN broker for this.
I then aggressively trail my stop behind any swing points or new M1 S&D levels that form and do this until stopped out.Ignored
- #28,765
- Edited 2:08pm Oct 7, 2012 1:58pm | Edited 2:08pm
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #28,772
- Oct 15, 2012 3:44pm Oct 15, 2012 3:44pm
- | Joined Aug 2012 | Status: Trader | 2,263 Posts
A 1 pip gain is better than a 1 pip loss.
- #28,773
- Oct 15, 2012 5:05pm Oct 15, 2012 5:05pm
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #28,775
- Oct 16, 2012 5:48am Oct 16, 2012 5:48am
- | Joined Aug 2012 | Status: Trader | 2,263 Posts
A 1 pip gain is better than a 1 pip loss.
- #28,778
- Edited Dec 16, 2012 4:09pm Dec 15, 2012 9:51pm | Edited Dec 16, 2012 4:09pm
- Joined Jul 2009 | Status: Trader | 7,414 Posts